Recently the National Company Law Tribunal ( NCLT ), New Delhi bench in a recent case has dismissed petition filed by Bollywood actor Akshay Kumar, seeking initiation of insolvency proceedings…
Top Stories Moratorium period u/s 101 of IBC cannot be Extended Beyond 180 Days: NCLAT [Read Order] The National Company Law Appellate Tribunal (NCLAT) New Delhi has held that the …
Top Stories Insolvency Application against Personal Guarantor is Maintainable u/s 60(1) of IBC even in Absence of Pending CIRP against CD: NCLAT [Read Order] The tribunal noted that even in…
Top Stories CESTAT Weekly Round-Up [Jan 18 to Jan 24, 2025] A Round-Up of the CESTAT Cases Reported at Taxscan Last Week By Adwaid M S - On January 26,…
The Directorate General of Foreign Trade ( DGFT ) under the Ministry of Commerce & Industry has issued Notification No. 54/2024-25, amending the import policy for Glufosinate Technical under HS…
Top Stories Centre Announces Unified Pension Scheme: Retired NPS Employees Eligible to Opt for UPS [Read Notification] The Unified Pension Scheme guarantees 50% of the last 12-month average basic pay…
The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) limits the addition of unexplained cash deposits during demonetization to ₹10 lakhs, considering the possibility of cash sales. Gaurangi…
Top Stories Cash Deposits during Demonetization: ITAT confirms Addition of ₹1.10 Cr u/s 69A and 115BBE of Income Tax Act [Read Order] The tribunal emphasised that procedural compliance, like applying…
Top Stories GST on Capital Goods: Know About ITC, Conditions, and Compliance Essentials Section 16(3) of the CGST Act lets taxpayers choose between ITC or depreciation on GST for capital…
Top Stories Loans from IPO Proceeds, Not Borrowed Funds: ITAT directs AO to recompute Interest Disallowance [Read Order] Considering the absence of a direct nexus between borrowed funds and loans…