The tribunal will feature a Principal Bench located in Delhi and 31 State Benches across the country.
Stressed asset resolutions under insolvency laws delayed due to staff shortage at NCLT and appellate tribunal, impacting aviation sector outcomes
About 50 appellate tribunal branches are expected to be established across India. These could become operational by the close of the current financial year.
Over 6 lakh appeals are pending before the I-T department and tribunal; the finance ministry claims less manpower is leading to the pile-up.
The announcement that the GST Appellate Tribunal will have benches in each state is a departure from the government’s policy on its predecessor CESTAT, which has a total of nine benches across the country.
The GST Council has suggested decriminalising three separate offences, including tampering with tangible evidence, during their most recent meeting.
An appellate tribunal would not only speed up the disposal of such cases, it would also ease the case burden on the high courts.
As many as 15 posts, including that of 9 judicial members and 6 technical members, are to be filled up at the NCLT. Besides, applications have been invited for 3 positions of judicial members and 2 of technical members at the National Company Law Appellate Tribunal (NCLAT).
The Maharashtra Real Estate Appellate Tribunal has set aside a 2019 MahaRERA order declining relief to a company that bought a flat and held that it is eligible to receive interest at 9.3 percent on delayed possession from 2014 as per the terms of the agreement.
Noting that the Real Estate (Regulation and Development) Act (RERA), had the potential to bring about a paradigm shift in the way the real estate industry operates and improve the level of transparency and R
Union Housing and Urban Poverty Alleviation Minister, M Venkaiah Naidu, on January 17, 2017, asked all states to implement the Real Estate (Regulation and Development) Act, at the earliest. Describing it as one of R
The department had slapped a demand of Rs 3,700 crore on Vodafone for Financial Year 2008 which was a fall out of an earlier transfer-pricing order seeking to add Rs 8,500 crore to the taxable income of the company from the deal that involved the it selling its BPO unit to an offshore entity.
There seems to be relief for Nokia in the Rs 2,080 crore tax case; the Delhi High Court (HC) has extended the stay on tax demand till the final disposal of the matter.
Aurobindo Pharma is preparing to challenge before the Appellate Tribunal an order that allowed ED to take possession of attached property and fixed deposits worth Rs 12.90 crore in connection with money laundering probe against YSR Congress chief Jagan Mohan Reddy and associates.
In an analysis of the CCI order penalising cement companies, Rahul Singh, counsel, Trilegal explains to CNBC-TV18 that while the CCI has the discretion according to Section 27 (b) of Competition Act to levy a penalty upto 300% of the profits, it has reduced it to 50%.
Tata Power has welcomed the order of the Appellate Tribunal for Electricity, allowing it to distribute power across South Mumbai.