Latest One-Liner Case Law Highlights By @HubofCA:
• Tribunal has no power to order for winding-up of company which name was struck off from register of Co.
• Limitation provided under Section 155(2) of Customs Act does not apply to Civil Suits: Delhi HC
• AO can’t reassess income without supplying reasons for reassessment amp; disposing of assessee’s objections on it: ITAT
• Assessee to be entitled to refund of cesses namely EC, SHEC amp; KKC which were lying unutilized on 30-6-2017 and would not lapse after GST
• Petition filed u/s 9 of Arbitration Act would be treated as application u/s 17 on appointment of Arbitrator: Delhi HC
• No violation of status quo order of Tribunal when ED issued notice for handover of possession of attached property
• Sec. 68 additions justified as assessee failed to prove identities amp; creditworthiness of investors: HC
• Rajasthan HC rejects petition for dismissing SCN as opportunity to reply to SCN and appeal available
