The Hon’ble Supreme Court of India (“the Apex Court”) vide its judgment dated 12.07.2022 in the matter of U.N. Krishnamurthy (Since Deceased) THR. LRS. vs A.M. Krishnamurthy after referring to several judgments passed by various courts, held that for obtaining relief under section 16(c)[1] of The Specific Relief Act, 1963 it is necessary for the plaintiff to prove his readiness and willingness, throughout the period of getting into an agreement till the date of the decree. Also, the Apex Court clarified that there should be adequate funds for the plaintiff to perform such performance. A mere statement or averment in Continue Reading
The Hon’ble Supreme Court of India vide its order dated 22.07.2022 in the matter of Union of India & Anr. Vs. Filco Trade Centre Pvt. Ltd. & Anr. had issued directions and disallowed Special Leave Petition (‘SLP’) filed by the revenue. The Apex Court issued certain directions for Goods and Services Tax Network (‘GSTN’) for availing the transitional credit through FORM GST TRAN-1 and TRAN-2 for the period of an additional two (2) months commencing from 01.09.2022 to 31.10.2022. Brief Background Form GST TRAN-1 and TRAN-2 were introduced to benefit the assessee by taking Pre-GST credits available to the assessee Continue Reading