Evonik Degussa India (P) Ltd. vs ACIT
Business expenditure-Availing E-mail facility of parent co.-A.Y. 2007-08.
The payment made to parent co. to use its e-mail infrastructure was deductible.
S. 37(1) of the Income Tax Act, 1961. [LexDoc Id : 436932]
DLF Ltd. vs SEBI
Non-requirement of pre-opinion formation hearing at initiation of investigation after formation of opinion-First stage of investigation only preliminary and based on reasoning provided by SEBI, Impermissible for high court to second-guess reasoning of SEBI in absence of extraneous circumstances-At first stage of investigation, i.e. initiation of investigation after formation of opinion, pre-opinion formation hearing was not required. By the i [LexDoc Id : 438709]
Engg. Trade Center India (P) Ltd. vs Quality Steel Wire Products (P) Ltd.
Winding up on inability to pay debts: Relevant clause in MoU requiring petitioner to furnish no-dues certificate from electricity company-Production of money receipt issued by electricity company, Adequate demonstration by petitioner that dues cleared, Insistence on no-dues certificate demonstrating respondent’s inability to pay its debt, Admission of petition with certain directions-The claim of the petitioning creditor was on account of money due from the respondent under an agreement. According to the petitioner, a piece of land [LexDoc Id : 437493]
