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Interest on Partner's Capital Not Restricted to Business Start Date: ITAT Deletes ₹1.83 Lakh Disallowance [Read Order]
The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) deleted an addition of ₹1,83,248 and held that the Assessing Officer (AO) was...
![No Restriction of Payment of Remuneration to Partners u/s 40(b): ITAT Deletes ₹4.45 Lakh Disallowance [Read Order]](https://images.taxscan.in/h-upload/2025/10/22/250x150_2099135-rupeee.webp "No Restriction of Payment of Remuneration to Partners u/s 40(b): ITAT Deletes ₹4.45 Lakh Disallowance [Read Order]")
![Payments for Bandwidth Services Not Royalty under India–UAE DTAA: ITAT Mumbai Deletes ₹1.55 Crore Addition [Read Order]](https://images.taxscan.in/h-upload/2025/10/22/250x150_2099046-india-uae-dtaa-taxscan.webp "Payments for Bandwidth Services Not Royalty under India–UAE DTAA: ITAT Mumbai Deletes ₹1.55 Crore Addition [Read Order]")
![Is GST Applicable on DGCA-Approved Commercial Flying Training Organizations? Allahabad HC Remands Case to AAR [Read Order]](https://images.taxscan.in/h-upload/2025/10/21/500x300_2098563-dgca-flying-training-taxsca.webp "Is GST Applicable on DGCA-Approved Commercial Flying Training Organizations? Allahabad HC Remands Case to AAR [Read Order]")
![Service Tax Not Leviable on Training Programs Conducted with University: CESTAT [Read Order]](https://images.taxscan.in/h-upload/2025/10/17/500x300_2097464-cestat-new-delhi-service-tax-service-tax-not-leviable-taxscan.webp "Service Tax Not Leviable on Training Programs Conducted with University: CESTAT [Read Order]")
![Wrongly Paid Service Tax under SEZ Act: CESTAT Remands Claim for Fresh Examination and Directs Refund [Read Order]](https://images.taxscan.in/h-upload/2025/10/15/500x300_2096919-cestat-hyderabad-service-tax-sez-act-taxscan.webp "Wrongly Paid Service Tax under SEZ Act: CESTAT Remands Claim for Fresh Examination and Directs Refund [Read Order]")
![Relief for Maruti Suzuki: CESTAT Rules Education Cess Payable on Net Service Tax after Deducting R&D Cess [Read Order]](https://images.taxscan.in/h-upload/2025/10/15/500x300_2096807-maruti-suzuki-taxscan.webp "Relief for Maruti Suzuki: CESTAT Rules Education Cess Payable on Net Service Tax after Deducting R&D Cess [Read Order]")
![Mismatch Between Income Tax and ST-3 Returns: CESTAT Upholds Service Tax Demand for Unexplained Discrepancy [Read Order]](https://images.taxscan.in/h-upload/2025/10/15/500x300_2096796-cestat-bangalore-service-tax-demand-income-tax-taxscan.webp "Mismatch Between Income Tax and ST-3 Returns: CESTAT Upholds Service Tax Demand for Unexplained Discrepancy [Read Order]")
NCLT Upholds Rs. 1.03 Crore Operational Debt Despite 24% Interest Challenge, Initiates CIRP u/s 9 [Read Order]
NCLT observed that the corporate debtor had admitted the principal operational debt of Rs. 1.03 crore while disputing only the interest at 24% per annum. The Court held that under Section 9(5) of the IBC, 2016, a dispute limited to interest does not amount to a pre-existing dispute and therefore does not bar initiation of the Corporate Insolvency Resolution Process.
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
Navasree A.MNCLT Upholds Rs. 1.03 Crore Operational Debt Despite 24% Interest Challenge, Initiates CIRP u/s 9 [Read Order]
NCLT observed that the corporate debtor had admitted the principal operational debt of Rs. 1.03 crore while disputing only the interest at 24% per annum. The Court held that under Section 9(5) of the IBC, 2016, a dispute limited to interest does not amount to a pre-existing dispute and therefore does not bar initiation of the Corporate Insolvency Resolution Process.
