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![CLB Has No Authority to Extend Limitation u/s 58(3) of Companies Act: Supreme Court [Read Order]](https://images.taxscan.in/h-upload/2026/01/12/500x300_2118472-supreme-court-clb-authority-supreme-court-ruling-company-law-board-supreme-court-on-companies-act-limitation-limitation-act-and-clb-jurisdiction-taxscan.webp "CLB Has No Authority to Extend Limitation u/s 58(3) of Companies Act: Supreme Court [Read Order]")
CLB Has No Authority to Extend Limitation u/s 58(3) of Companies Act: Supreme Court [Read Order]
The Supreme Court has ruled that the Company Law Board (CLB) has no authority to extend the period of limitation that is prescribed under section...
![Limitation Act Applies to Courts and not to Quasi-Judicial Bodies, Unless Expressly Empowered: Supreme Court [Read Order]](https://images.taxscan.in/h-upload/2026/01/12/250x150_2118451-limitation-act-supreme-court-ruling-taxscan.webp "Limitation Act Applies to Courts and not to Quasi-Judicial Bodies, Unless Expressly Empowered: Supreme Court [Read Order]")
![Retrospective Application of S.433 of Companies Act Rejected: SC Holds CLB Cannot Borrow NCLT’s Powers [Read Order]](https://images.taxscan.in/h-upload/2026/01/12/250x150_2118468-retrospective-application-s433-comapnies-act-rejected-sc-clb-cannot-borrow-nclt-powers-taxscan.webp "Retrospective Application of S.433 of Companies Act Rejected: SC Holds CLB Cannot Borrow NCLT’s Powers [Read Order]")
![How Auditors must Communicate with Audit Committee/TCWG: NFRA Issues Circular, Complete Details Inside [Read Order]](https://images.taxscan.in/h-upload/2026/01/12/250x150_2118433-nfra-a1.webp "How Auditors must Communicate with Audit Committee/TCWG: NFRA Issues Circular, Complete Details Inside [Read Order]")
![GST ITC Reversal on Limitation Unsustainable After Retrospective Insertion of S.16(5) of CGST Act: Madras HC Rules in Favour of Jewellery [Read Order]](https://images.taxscan.in/h-upload/2026/01/12/750x450_2118446-favour-of-jewellery-madras-high-court-taxscan.jfif "GST ITC Reversal on Limitation Unsustainable After Retrospective Insertion of S.16(5) of CGST Act: Madras HC Rules in Favour of Jewellery [Read Order]")
![“Relevant Period” to be Applied Consistently while computing GST ITC, Turnover and Adjusted Turnover for Refund: Madras HC [Read Order]](https://images.taxscan.in/h-upload/2026/01/10/500x300_2118246-madras-high-court-gst-itc-input-tax-credit-madras-hc-gst-refund-case-gst-refund-computation-taxscan.webp "“Relevant Period” to be Applied Consistently while computing GST ITC, Turnover and Adjusted Turnover for Refund: Madras HC [Read Order]")
![Services Provided in Connection with Recruitment to Dewasom Board Constitute Taxable Supply u/s 2(108) of CGST Act: KAAR [Read Order]](https://images.taxscan.in/h-upload/2026/01/10/500x300_2118201-kaar-ruling-dewasom-board-recruitment-services-gst-gst-on-recruitment-services-dewasom-board-recruitment-gst-dewasom-board-constitute-taxscan.webp "Services Provided in Connection with Recruitment to Dewasom Board Constitute Taxable Supply u/s 2(108) of CGST Act: KAAR [Read Order]")
![ITAT Grants Relief on Unexplained Income in ₹94-Lakh Property Sale Despite Invalid Income Tax Return [Read Order]](https://images.taxscan.in/h-upload/2026/01/12/750x450_2118429-itat-grants-relief-unexplained-income-property-sale-despite-invalid-income-tax-return-taxscan.webp "ITAT Grants Relief on Unexplained Income in ₹94-Lakh Property Sale Despite Invalid Income Tax Return [Read Order]")
ITAT Grants Relief on Unexplained Income in ₹94-Lakh Property Sale Despite Invalid Income Tax Return [Read Order]
The statutory mandate under section 69A requires that where the explanation furnished by the assessee is supported by credible evidence and is not shown to be false, no addition is warranted, said the bench
![₹55 Crore Service Tax Evasion a ‘Serious Economic Offence’: Punjab & Haryana HC Denies Bail to Director [Read Order]](https://images.taxscan.in/h-upload/2026/01/11/750x450_2118327-service-tax-evasion-serious-economic-offence-punjab-haryana-hc-bail-director-taxscan.webp "₹55 Crore Service Tax Evasion a ‘Serious Economic Offence’: Punjab & Haryana HC Denies Bail to Director [Read Order]")
![Madras HC Quashes Service Tax Demand on Chennai Police for Bundobast Services, Holds Sovereign Functions Not Taxable before 1 June 2012 [Read Order]](https://images.taxscan.in/h-upload/2026/01/06/500x300_2117254-madras-hc-service-tax-demand-taxscan.jfif "Madras HC Quashes Service Tax Demand on Chennai Police for Bundobast Services, Holds Sovereign Functions Not Taxable before 1 June 2012 [Read Order]")
![Once SVLDRS Discharge Certificate Issued, No further Interest Payable on Belated Service Tax: Bombay HC rules against Revenue [Read Order]](https://images.taxscan.in/h-upload/2026/01/05/500x300_2117213-site-image-13-t.webp "Once SVLDRS Discharge Certificate Issued, No further Interest Payable on Belated Service Tax: Bombay HC rules against Revenue [Read Order]")
![SCN Lacks Precise BAS Classification: CESTAT Sets aside Service Tax Demand against Amway Distributor [Read Order]](https://images.taxscan.in/h-upload/2025/12/08/500x300_2111025-scn-lacks-precise-bas-classification-cestat-sets-aside-service-tax-demand-against-amway-distributor-taxscan.webp "SCN Lacks Precise BAS Classification: CESTAT Sets aside Service Tax Demand against Amway Distributor [Read Order]")
![Writ Jurisdiction Not Invocable at SCN Stage: Chhattisgarh HC Dismisses State Beverages Corporation’s Plea on Service Tax Demand [Read Order]](https://images.taxscan.in/h-upload/2025/12/19/500x300_2113176-chhattisgarh-hc-scn-writ-jurisdiction-state-beverages-service-tax-demand-taxscan.webp "Writ Jurisdiction Not Invocable at SCN Stage: Chhattisgarh HC Dismisses State Beverages Corporation’s Plea on Service Tax Demand [Read Order]")
![Export Confiscation Order of Rs. 34 Cr set aside on Procedural Grounds: CESTAT Emphasizes Mandatory Nature of Section 138B in Customs Proceedings [Read Order]](https://images.taxscan.in/h-upload/2026/01/12/750x450_2118399-export-confiscation-order-procedural-grounds-cestat-emphasizes-section-138b-customs-proceedings-taxscan.webp "Export Confiscation Order of Rs. 34 Cr set aside on Procedural Grounds: CESTAT Emphasizes Mandatory Nature of Section 138B in Customs Proceedings [Read Order]")
![Limitation Act Applies to Courts and not to Quasi-Judicial Bodies, Unless Expressly Empowered: Supreme Court [Read Order]](https://images.taxscan.in/h-upload/2026/01/12/750x450_2118451-limitation-act-supreme-court-ruling-taxscan.webp "Limitation Act Applies to Courts and not to Quasi-Judicial Bodies, Unless Expressly Empowered: Supreme Court [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
![CLB Has No Authority to Extend Limitation u/s 58(3) of Companies Act: Supreme Court [Read Order]](https://images.taxscan.in/h-upload/2026/01/12/750x450_2118472-supreme-court-clb-authority-supreme-court-ruling-company-law-board-supreme-court-on-companies-act-limitation-limitation-act-and-clb-jurisdiction-taxscan.webp "CLB Has No Authority to Extend Limitation u/s 58(3) of Companies Act: Supreme Court [Read Order]")
![How Auditors must Communicate with Audit Committee/TCWG: NFRA Issues Circular, Complete Details Inside [Read Order]](https://images.taxscan.in/h-upload/2026/01/12/500x300_2118433-nfra-a1.webp "How Auditors must Communicate with Audit Committee/TCWG: NFRA Issues Circular, Complete Details Inside [Read Order]")
![Upcoming Marriage in Family: Delhi HC allows 6.862 kg Seized Gold Jewellery release after Family agrees to Deposit ₹2.5 Cr Advance Tax [Read Order]](https://images.taxscan.in/h-upload/2026/01/12/500x300_2118438-seized-gold-jewellery-released-taxscan.webp "Upcoming Marriage in Family: Delhi HC allows 6.862 kg Seized Gold Jewellery release after Family agrees to Deposit ₹2.5 Cr Advance Tax [Read Order]")
![Failure to Hold Minimum Four Board Meetings as per S 173(1): MCA Imposes Penalty on Company and its Directors [Read Order]](https://images.taxscan.in/h-upload/2026/01/10/500x300_2118192-failure-hold-minimum-four-board-meetings-per-s-1731-mca-imposes-penalty-company-and-its-directors-taxscan.webp "Failure to Hold Minimum Four Board Meetings as per S 173(1): MCA Imposes Penalty on Company and its Directors [Read Order]")
