(I)

GST Law

1.      Important GST and other Due Date Calendar

Provision of Section 17 (5) Input Tax Credit With Case   Law

• Case Name: - In re M/s. A.M. Motors
• Case Name: - In In re Indian Cotton Solutions.Com Private Limited
• Case Name: - In In re M/s. Musashi Auto Parts Pvt. Ltd.
• Case Name: - In In re Jabalpur Entertainment Complexes Pvt. Ltd.
• Case Name: - In In re M/s. Wago private limited
• Case Name: - In In re Tewari Warehousing Co Pvt Ltd
• Case Name: - In In re M/s. Polycab Wires Pvt. Ltd
• Case Name: - In Provisions of sections 74, 129 and 130

II.

Income Tax Law

6.      Tax Treatment of Gifts Received by an Individual or HUF

• Tax treatment of monetary gifts received by an individual or Hindu Undivided Family (HUF)
• Cases in which sum of money received without consideration, i.e., monetary gift received by an individual or HUF is not charged to tax
• Marriage of the individual is the only occasion when monetary gift received by him will not be charged to tax
• Taxability of monetary gifts received from friends
• Monetary gifts received from abroad
• Once the aggregate value of gifts received during the year exceeds Rs. 50,000 then all gifts are charged to tax
•  Tax treatment of immovable property received as gift by an individual or HUF
• When immovable property received by an individual or HUF without consideration (i.e. by way of gift) is not charged to tax
• Marriage of individual is the only occasion when gift received by him will not be charged to tax
• Taxability of immovable property received without consideration i.e., gift from friends
• Tax treatment of gift of immovable property located abroad
• Taxability in a case where an immovable property is received for less than its stamp duty value
• Faceless Prosecutions
• When immovable property received by an individual or HUF for less than its stamp duty value is not charged to tax
• Tax treatment of movable property received as gift by an individual or HUF
• When prescribed movable property received without consideration, i.e., received as gift by an individual or HUF is not charged to tax
• In following cases, nothing will be charged to tax in respect of prescribed movable property received without consideration:
• When prescribed movable property received for less than its fair market value by an individual or HUF is not charged to tax
• Tax relief to COVID-19 patients and their family
• Sum of money or property received for Covid-19 treatment from any other person
• Sum of money or property received by family member of a person who died due to Covid 19
•  Meaning of Family

III

TRADE MARK Law

8.    INFRINGEMENT OF REGISTERED TRADE MARK 

·       Section 29 in The Trade Marks Act, 1999

·       M/s J K Oil Mills v. M/s Adani Wilmar Ltd

·       Parle Products v. J P & Co

·       S.M. Dychem v. Cadbury India

·       Supreme Court Ramdev Food Products (P) Ltd. v. Arvind Bhai Rambai Patel

IV

Commercial law

9.      SUPREME COURT- Case Name:  M/s. Patil Automation Private Limited and Ors. Vs Rakheja Engineers Private Limited: - No Relief in Case of Violation of Section 12A of Commercial Courts Act-2015

V

Other NI and Civil

10.   HIGH COURT OF KERALA:- Case Name:   Shibu. L.P. Vs Neelakantan: - HC explains Law related to reliance on evidence presented by power of attorney holder S.138 NI Act