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[Case Brief] Arvinder Singh v/s State of Punjab – Punjab & Haryana High Court

Brief facts and procedural history- The petitioner is alleged to be involved in the acts of sharing of seditious/communally sensitive or hateful posts on Social Media and thus committing the offence of waging or attempting or abetting the waging of War against the Govt. of India. An FIR dated 24.05.2016 under sections 121/121-A of the […]

[Case Brief] Daiichi Sankyo Company Limited v/s Malvinder Mohan Singh & Others – Delhi High Court

Brief Facts and Procedural History- Ranbaxy  Laboratories has agreed to sell its whole stake to the petitioner for a value of Rs 1980 crores under a Share Purchase and Share Purchase Subscription Agreement(SSPA)dated 11 June 2008. A dispute arose in regard to SSPA and arbitration clause invoked and proceedings were started in Singapore as it […]

(Case Brief) Pratik Syntex Pvt. Ltd v/s ITO, 2018 – ITAT Mumbai

Brief facts and procedural history- The assessee is a dealer in textiles yarn and is also a commission agent. The assessee raised new share capital for which he was asked by the Assessing Officer (AO) to prove identity and creditworthiness of all the new shareholders as well as the genuineness of transaction of raising share […]

[Case Brief] All India Federation of Tax Practitioners vs ITO, 2018

Brief Facts and Procedural History- The assessee, in the instant case, is a trust registered with DIT€, Mumbai u/s 12A and with Charity Commissioner, Mumbai. The assessee filed its return of income on 29.09.11 along with the income and expenditure account, balance sheet and audit report in form 10B declaring total income at Rs. 1,81,777/-. […]