Articles for Section 171

Supreme Court Seeks Union's Response On Plea Against HC Judgment Upholding Anti-Profiteering Provisions Under CGST Act
10 months, 1 week ago

Supreme Court Seeks Union's Response On Plea Against HC Judgment Upholding Anti-Profiteering Provisions Under CGST Act

Live Law  

The Supreme Court on February 12 issued notice in a plea filed against the Delhi High Court order upholding constitutional validity of anti-profiteering provisions under the CGST Act and Rules.Passing the order, the Bench of CJI DY Chandrachud, Justices JB Pardiwala and Manoj Misra clarified that the issuance of notice shall not be construed as a restraint on the High …

Supreme Court Constitution Tax Delhi High Court Rules High Act
'Beneficial Legislation, Promotes Consumer Welfare': Delhi High Court Upholds Anti-Profiteering Provisions Under CGST Act And Rules
10 months, 3 weeks ago

'Beneficial Legislation, Promotes Consumer Welfare': Delhi High Court Upholds Anti-Profiteering Provisions Under CGST Act And Rules

Live Law  

The Delhi High Court has upheld the provisions concerning anti-profiteering measure and establishment of National Anti-Profiteering Authority under the Central Good and Services Tax Act, 2017 and its Rules, observing that they are in the nature of a beneficial legislation as they promote consumer welfare.A division bench of Acting Chief Justice Manmohan and Justice Dinesh Kumar. The Delhi High Court …

Consumer Tax Court Services Delhi High Court Rules Act
NCLAT Chennai: Goods Not In Possession Of The Port, Claim By Port Can't Be Treated As Secured Creditor Under IBC
11 months, 1 week ago

NCLAT Chennai: Goods Not In Possession Of The Port, Claim By Port Can't Be Treated As Secured Creditor Under IBC

Live Law  

The National Company Law Appellate Tribunal, Chennai Bench, comprising Justice Rakesh Kumar Jain and Shreesha Merla held that there is no actual lien to invoke Section 171 of the Indian Contract Act, 1872 when the goods are not in possession of the Port Authority and the claim of the Port cannot be treated as a Secured Creditor for distribution of …

Security Port Nclat Goods Claim Ica Authority
Subway Charging Royalty And Advertising Expenses Does Not Amounts To Profiteering: CCI
1 year, 4 months ago

Subway Charging Royalty And Advertising Expenses Does Not Amounts To Profiteering: CCI

Live Law  

The Competition Commission of India, while providing relief to Subway, held that charging royalty and advertising expenses does not amount to profiteering.The bench of Ravneet Kaur, Sangeeta Verma, and Bhagwant Singh Bishnoi observed that the rate of GST in respect of Royalty Services was 12% and the rate of GST on The Competition Commission of India, while providing relief to …

Royalty Advertising Tax Services Charges Rate Gst
S 171 Contract Act - Bank Can't Retain Title Documents After Repayment Of Loan Citing Pendency Of Another Loan : Bombay High Court
2 years, 6 months ago

S 171 Contract Act - Bank Can't Retain Title Documents After Repayment Of Loan Citing Pendency Of Another Loan : Bombay High Court

Live Law  

A bank cannot retain title documents of a borrower's house after repayment of a loan, citing general lien on documents, merely because of pendency of another loan, the Bombay High Court has held. The bench partly-allowed a borrower's writ petition and directed Union Bank of India to handover title documents of his flat despite recovery proceedings, for another unpaid loan …

General Court Bombay High Court Bank Loan Flat Account
NAA Nudges GST Officers to Collect Evidence Against Suppliers Not Cutting Prices of Covid Essentials
3 years, 6 months ago

NAA Nudges GST Officers to Collect Evidence Against Suppliers Not Cutting Prices of Covid Essentials

News 18  

Within a fortnight of GST rate cut on COVID-19 essentials, including medicines and oxygen, the GST anti-profiteering authority has urged field tax officers to collect evidence against suppliers who have not reduced prices. In an office memorandum, the National Anti-Profiteering Authority said the suppliers are required to commensurately reduce the prices of each of the supplies of goods and services …

Tax Prices Mohan Rate Gst Section 171 Naa