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[Electricity Act] Relabelling Of Products Not 'Manufacturing', Such Activity Not Eligible For Industrial Tariff Categorization: Bombay HC

The Bombay High Court has held that the activity of relabelling products does not constitute 'manufacturing' under the Electricity Act, 2003. It stated that manufacturing under the Electricity Act would require conversion of raw materials into a fresh product using electricity-powered machines and thus relabelling would not fall within such activity. The petitioner challenged the order of the Appellate Authority, …

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The Delhi Bench of Income Tax Appellate Tribunal has held that deeming provisions of Section 50C of the Income Tax Act cannot be applied for leasehold rights.The bench of Kul Bharat and Avdhesh Kumar Mishra has observed that only if a capital asset, be it land, a building, or both, is transferred and the consideration received or accruing as a. …

Deeming Provisions Of Sec 2(22)(E) Gets Attracted To Beneficial Shareholder Only Who Has Controlling Interest: Kolkata ITAT

Since the income accrues or arises or is deemed to accrue or arise in the hands of KSWPL and not in the hands of the assessee, the Kolkata ITAT held that by invoking second limb of section 2 of the Income tax Act, accrual of income and its taxability cannot be held to be in the hands of the assessee. …

When Can Deeming Service U/Clauses (C) & (D) Of S.169(1) Of GST Act Be Said To Be Deemed Service U/S 169(2)? : Asks Allahabad High Court

In a recent case, the Allahabad High Court has asked the State to explain “as to how and under what manner, the deeming service as per clauses & of sub-section of section 169 can be said to be deemed service as per sub-section of section 169 of the GST Act.” Proceedings were initiated against the Petitioner under Section 74 of …

S.25-O ID Act| Can't Permit Authority To Sit On Closure Application & Operate Deeming Provision: Madras HC Sets Aside Closure Of 2 Textile Mills

The Madras High Court has set aside notices for the closure of two Mills in Puducherry, whose history dates back to the French Colonial period, on the ground that provisions of the Industrial Disputes Act, 1947 were not complied with in its true spirit.Justice S. Vaidyanathan noted that the Mills were closed without issuing any notice of enquiry under Section …