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![Assignment of Not Readily Realisable Assets Valid for Dissolution When No Further Assets Remain for Distribution: NCLT [Read Order]](https://images.taxscan.in/h-upload/2026/05/16/2137184-nclt-upholds-dissolution-despite-unrealisable-assets-taxscan-.webp "Assignment of Not Readily Realisable Assets Valid for Dissolution When No Further Assets Remain for Distribution: NCLT [Read Order]")
Assignment of Not Readily Realisable Assets Valid for Dissolution When No Further Assets Remain for Distribution: NCLT [Read Order]
The National Company Law Tribunal (NCLT) New Delhi has held that assignment of Not Readily Realisable Assets (NRRAs) including pending avoidance...
![Completion of Liquidation Process Entitles Corporate Debtor to Dissolution u/s 54 of IBC: NCLT [Read Order]](https://images.taxscan.in/h-upload/2026/05/16/2137178-completion-of-liquidation-process-entitles-corporate-debtor-to-dissolution-u-s-54-of-ibc-site-imagejpg.webp "Completion of Liquidation Process Entitles Corporate Debtor to Dissolution u/s 54 of IBC: NCLT [Read Order]")
![Bombay HC Quashes GST Order: Capital First Ltd. Ceased to Exist After IDFC Merger, Proceedings Against Non‑Existent Company Held Void [Read Order]](https://images.taxscan.in/h-upload/2026/05/15/2137064-bombay-hc-quashes-gst-order-site-imagejpg.webp "Bombay HC Quashes GST Order: Capital First Ltd. Ceased to Exist After IDFC Merger, Proceedings Against Non‑Existent Company Held Void [Read Order]")
![GSTAT Extends Relaxations for GST Appeal Filing; Heres the New Deadline [Read Notification]](https://images.taxscan.in/h-upload/2026/05/15/2137051-gstat-extends-relaxations-for-gst-appeal-filing-site-imagejpg.webp "GSTAT Extends Relaxations for GST Appeal Filing; Heres the New Deadline [Read Notification]")
![P&H HC grants Bail to CA Assistant Accused of Generating Fake GST Bills in ₹66 Cr Tax Evasion Case [Read Order]](https://images.taxscan.in/h-upload/2026/05/15/2137035-site-img15-3jpg.webp "P&H HC grants Bail to CA Assistant Accused of Generating Fake GST Bills in ₹66 Cr Tax Evasion Case [Read Order]")
Amendment to S. 32 of Income Tax Act, 1961 Applies Prospectively, Cannot Deny Depreciation on Previously Acquired Goodwill: ITAT [Read Order]
ITAT Delhi held that the amendment made to Section 32(1)(ii) by the Finance Act, 2021 excluding goodwill from depreciable assets operates prospectively and cannot deny depreciation on goodwill acquired in earlier years.
![Service Tax Not Applicable on Custom House Agent Reimbursements: CESTAT Relies on CA Certificate [Read Order]](https://images.taxscan.in/h-upload/2026/05/15/2137024-service-tax-custom-house-agent-cestat-ca-certificate-taxscan.webp "Service Tax Not Applicable on Custom House Agent Reimbursements: CESTAT Relies on CA Certificate [Read Order]")
![Service Tax cannot be levied on Liquidity Damages: CESTAT allows BHELs appeal [Read Order]](https://images.taxscan.in/h-upload/2026/05/07/2135780-cestat-hyderabad-service-tax-liquidity-damages-bhel-appeal-taxscan.webp "Service Tax cannot be levied on Liquidity Damages: CESTAT allows BHELs appeal [Read Order]")
![Car Dealer Incentives Not Taxable as Commission: CESTAT Sets Aside Service Tax Demand on Discounts from Manufacturer [Read Order]](https://images.taxscan.in/h-upload/2026/04/28/2134787-cestat-car-dealer-incentives-service-tax-demand-cestat-car-dealer-case-taxscan.webp "Car Dealer Incentives Not Taxable as Commission: CESTAT Sets Aside Service Tax Demand on Discounts from Manufacturer [Read Order]")
![Dept Fails to Specify Clause in SCN: CESTAT Sets Aside Service Tax Demand on Tour Operator [Read Order]](https://images.taxscan.in/h-upload/2026/04/24/2134350-dept-specify-clause-in-scn-cestat-sets-aside-service-tax-demand-on-tour-operator-taxscan.webp "Dept Fails to Specify Clause in SCN: CESTAT Sets Aside Service Tax Demand on Tour Operator [Read Order]")
![Dept Fails to Specify Clause in SCN: CESTAT Sets Aside Service Tax Demand on Tour Operator [Read Order]](https://images.taxscan.in/h-upload/2026/04/23/2134262-service-tax-demand.webp "Dept Fails to Specify Clause in SCN: CESTAT Sets Aside Service Tax Demand on Tour Operator [Read Order]")
![E-Scooter Parts Imported in CKD Condition does not have “Essential Character” of Complete Electric Vehicle: CESTAT grants Relief to Greaves [Read Order]](https://images.taxscan.in/h-upload/2026/05/16/2137192-e-scooter-parts-imported-ckd-condition-electric-vehicle-cestat-taxscan.webp "E-Scooter Parts Imported in CKD Condition does not have “Essential Character” of Complete Electric Vehicle: CESTAT grants Relief to Greaves [Read Order]")
Kavi Priya
![Service Tax Not Payable on liquidated damages collected from supplier on account of non-performance of the contracts: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/CESTAT-CESTAT-Bangalore-Service-Tax-liquidated-damages-Taxscan.jpg "Service Tax Not Payable on liquidated damages collected from supplier on account of non-performance of the contracts: CESTAT [Read Order]")
Yogitha S. Yogesh
Rupesh Sharma
Saagarika Gopinath
![Non-Availability of DRAT Chairperson Cannot Defeat Restoration Plea: Bombay HC Grants Temporary Relief Against Secured Asset [Read Order]](https://images.taxscan.in/h-upload/2026/05/16/2137170-drat-chairperson-bombay-hc-grants-temporary-relief-taxscan.webp "Non-Availability of DRAT Chairperson Cannot Defeat Restoration Plea: Bombay HC Grants Temporary Relief Against Secured Asset [Read Order]")
