NCLAT Delhi held that filing of application u/s. 7 of the IBC even after agreeing on restructuring of loan by majority of lenders is justifiable since all Lenders have their independent rights to take ...

Petitioner viz., Flemingo Duty Free Shop Private Limited, is a company incorporated under Companies Act, 1956. Respondent No.3 Airport authority of India is a Public Sector Enterprise and responsible ...

The petitioner is essentially aggrieved by the denial of the benefit of paying tax at lower rate in terms of Section 115BAA of the Act, which was introduced by the virtue of Taxation Laws (Amendment) ...

Mumbai ITAT dismisses disallowance under Section 14A against Bajaj Capital Ventures, ruling no exempt income means no disallowance for ...

Chandigarh ITAT allows 80P deduction for Habrol Co-op Society, ruling against disallowance due to a clerical error in tax return. Section 80A(5) not ...

The Bombay High Court dismissed PCIT's appeal against Manugraph India Ltd., affirming lower interest rates on AE loans and corporate guarantees based on established precedent from Everest Kanto ...

High Courts direct timely resolution of GST registration cancellation SCNs & rectification applications, protecting business rights from prolonged ...

Calcutta High Court dismisses Revenue appeal, affirming ITAT's deletion of transfer pricing adjustment on corporate guarantee commission at ...

Bombay High Court rules Section 14A disallowance cannot exceed actual exempt income, upholding Tribunal decision against Revenue in HSBC Invest Direct ...

Calcutta High Court stays a GST demand against Anmol Stainless, finding a prima facie case against the extended limitation period for SCN issuance under Notifications 9/2023-CT and 56/2023-CT, citing ...

Allahabad High Court rules against GST registration cancellation for Nitco Coating Agency, citing a lack of physical notice and personal hearing, a violation of natural ...

Delhi High Court directs KMG Industrial Traders to GST appellate authority for a merits-based review of an INR 27.15 crore ITC fraud demand, acknowledging ...