Search Results for "waiver of interest"

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Supreme Court

Insolvency and Bankruptcy Code, 2016 – Income Tax Demands Post Approval of Resolution Plan – Statutory Dues Not Forming Part of the Resolution Plan Stand Extinguished. Once a Resolution Plan is duly approved under Section 31(1) of the Insolvency and Bankruptcy Code, 2016, all claims not forming part of the plan shall stand extinguished, including statutory dues owed to the Government. No fresh demands can be enforced thereafter.

20 Mar 2025

Statutory dues not forming part of the approved Resolution Plan stand extinguished, and no fresh claims can be raised post-approval. A successful Reso...

High Court

COVID-19 Impact on Advance Tax Compliance: Relief Granted by Remanding Interest Waiver Application. Pandemic-induced financial constraints considered valid grounds for reassessment of interest waiver under Section 234C of the Income Tax Act.

12 Nov 2024

The Bombay High Court quashed an order rejecting an application for waiver of interest under Section 234C of the Income Tax Act and remanded the matt...

High Court

Bombay High Court Revises Consumer Electricity Bill Following Incorrect Multiplication Factor Calculation. Consumer Grievance Redressal Forum’s order upheld, favoring the consumer due to billing errors caused by a wrong multiplication factor during the pandemic period.

21 Aug 2024

Electricity distribution company (petitioner) contesting an order passed by the Consumer Grievance Redressal Forum (CGRF) on November 15, 2022, regard...

High Court

Court Quashes Rejection of Applications under Sabka Vishwas Scheme. The Court provides significant relief to a limited liability partnership firm and its partners by quashing the rejection of their applications under the Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019, and directs authorities to process their claims.

26 Jul 2024

This judgment deals with the challenge posed by a limited liability partnership firm and its partners against the rejection of their applications unde...

Supreme Court

Supreme Court Dismisses Appeal in Insolvency Limitation Dispute, Upholding NCLAT's Remand for Admission After Notice. The Court held that limitation for applications under Sections 7 and 9 of the Insolvency and Bankruptcy Code, 2016 runs from the date of default, not the Code's enforcement, and delay can be condoned under Section 5 of the Limitation Act, 1963 upon showing sufficient cause.

19 Sep 2022

The appeal arose from a dispute between M/s Tech Sharp Engineers Pvt. Ltd. (appellant/corporate debtor) and Sanghvi Movers Limited (respondent/operati...

Supreme Court

Supreme Court Dismisses Employer's Appeal Against ESI Interest Demand, Upholding Statutory Interest Under ESI Act and Regulations. Interest on Delayed Contributions from 1975 to 1988 Held Payable at 6% and 12% Rates as Per Regulation 31-A and Section 39(5)(a), with No Waiver Permitted Under the Act or Article 142.

29 Oct 2021

The dispute arose from a demand by the Employees' State Insurance Corporation for contributions and interest from The Transport Corporation of India L...

Supreme Court

Supreme Court Directs Governments to Provide Ex Gratia Compensation for Covid-19 Deaths Under Disaster Management Act. The court held that Section 12 of the Disaster Management Act, 2005 imposes a mandatory obligation to recommend guidelines for ex gratia assistance, and financial constraints cannot override statutory and constitutional duties under Article 21 of the Constitution.

30 Jun 2021

The Supreme Court of India heard two writ petitions filed in public interest by Reepak Kansal and Gaurav Kumar Bansal against the Union of India and o...

Supreme Court

Supreme Court Disposes of PIL Challenging Interest Accrual During COVID-19 Moratorium After Government Announces Relief Measures. Petitioner expressed satisfaction with government's decision to waive interest on specified loan categories up to Rs.2 Crores.

19 Nov 2020

The petitioner, Gajendra Sharma, filed a writ petition under Article 32 of the Constitution challenging the Reserve Bank of India's notification dated...

Supreme Court

Supreme Court Grants Immunity to NBCC from Legal Proceedings in Amrapali Group Case — Dismisses Modification Plea for Interest Waiver by Royalgolf Link City Projects Private Limited. Court held that NBCC, as court-appointed project management consultant, is immune from being impleaded in other forums, and that interest on diverted homebuyer funds is necessary to prevent unjust enrichment.

10 Jun 2020

The Supreme Court disposed of multiple interlocutory applications in the ongoing Amrapali Group matter. In I.A. No.49238 of 2020, NBCC (I) Ltd., appoi...

Supreme Court

Supreme Court Allows Appeals and Remands Tax Settlement Case to Settlement Commission for Fresh Determination on Waiver of Interest. High Court's Modification of Settlement Commission Order Set Aside for Lack of Jurisdiction.

5 Mar 2019

The appeals arose from a dispute between Kakadia Builders Pvt. Ltd. and its promoter director (appellants/assessees) and the Income Tax Officer and Re...

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