Supreme Court held that the reduction in share capital of the subsidiary company results into the transfer of capital asset as envisaged in section 2 (47) of the Income Tax Act. Accordingly, petition ...
For many FOMO-suffering fans, getting their hands on a ticket was tough, and scalpers took advantage with some tickets selling for over $10,000. Now ticketing agencies are in the spotlight.
Kerala High Court held that unless and until there is any such supply of goods/services, the question of demanding GST does not arise at all. Thus, respondent Corporation would not be entitled to ...