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NCLAT allows claim beyond liability cap due to independent interest obligation of guarantor - Taxscan

Non-Obstante Clause Capping Liability Cannot Override Independent Interest Obligation of Guarantor: NCLAT Permits ₹67.98 Cr Claim Beyond ₹25 Cr Cap [Read Order]

The National Company Law Appellate Tribunal(NCLAT), New Delhi Bench, held that a non-obstante clause capping liability under a guarantee deed...

Non-Obstante Clause Capping Liability Cannot Override Independent Interest Obligation of Guarantor: NCLAT Permits ₹67.98 Cr Claim Beyond ₹25 Cr Cap [Read Order]

Unclear Whether Excise Duty can be Demanded on Alleged Diversion of Goods when Duty already Paid:...

Invocation of S. 263 Not Permissible where ITR filed u/s 44AD: ITAT holds S. 68 Inapplicable without...

No Need to Re-examine Section 10 Exemption Claim from Income Tax if Opportunity of being Heard not...

CBDT Clarifies: Commissioners Empowered to Condone Delay in Form 10A filings under Section 12A [Read...

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GSTAT Gets 22 New Vice Presidents Across India; President Issues Appointment Order [Read Order]

GCCI Urges Finance Minister to Resolve Challenges in Filing Second Appeals on GSTAT Portal

Classification Dispute of CCTV Installation as Works Contract u/s 2 GST Act: Delhi HC Directs to Avail Appellate Remedy [Read Order]

Karnataka HC Condones 6 Months Delay in GST Refund, Notes Relief Available in Genuine Cases [Read Order]

Gauhati HC Orders Restoration of GST Registration u/s 29(2)(c) after Compliance with Filing and Penalties [Read Order]

Invocation of S. 263 Not Permissible where ITR filed u/s 44AD: ITAT holds S. 68 Inapplicable without Books [Read Order]

No Need to Re-examine Section 10 Exemption Claim from Income Tax if Opportunity of being Heard not...

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No Service Tax on Statutory Auction Fees, Demurrage: CESTAT Sets Aside ₹2.62 Crore Demand against Tobacco Board [Read Order]

Service Tax Demand cannot be Reopened After Issuance of SVLDRS Discharge Certificate: Gauhati HC [Read Order]

Reimbursement Received For Warranty Expenses From Foreign Manufacturer Not Taxable: CESTAT quashes Service Tax Demand Against IBM India [Read Order]

Service Tax Hearing Missed due to Health Issues: Meghalaya HC Grants Relief to 76 Year old Taxpayer, Stays Recovery [Read Order]

CESTAT Quashes ₹3.85 Lakh Service Tax Demand, Holds TDS Paid Separately by NHAI Not Part of Taxable Value [Read Order]

Unclear Whether Excise Duty can be Demanded on Alleged Diversion of Goods when Duty already Paid: CESTAT Rejects Appeal [Read Order]

Deployment of Staff for Rake Movement Falls Under Manpower Supply: CESTAT Quashes ₹7.79 Lakh Service Tax Demand [Read Order]

Non-Extension of Benefit of Composition Scheme Available for WCS Questioned: CESTAT Remands Matter for Recalculation [Read Order]

Total Consideration Received from Members to be Redetermined for Service Tax: CESTAT Remands Matter Once Again [Read Order]

Cenvat Credit Allegedly Availed without Receiving Goods in Factory: CESTAT quashes Demand and Penalty for Insufficient Evidence [Read Order]

Apartment Sale Amount Exceeds Value in Sale Deed: CESTAT Directs Verification of Completion Certificate [Read Order]

Processing Undertaken does not bring into Existence any New Distinct Commodity: CESTAT States Such Activity is not Liable to Service Tax under BAS [Read Order]

Non-Obstante Clause Capping Liability Cannot Override Independent Interest Obligation of Guarantor: NCLAT Permits ₹67.98 Cr Claim Beyond ₹25 Cr Cap [Read Order]

Temporary Relief by Bank Cannot Nullify Default: NCLT Upholds ₹95.31 Cr CIRP Application Against...

NCLT Upholds Limitation Based on OTS and Financial Statements, Initiates CIRP In ₹45 Cr Default...

Supreme Court Upholds IBC ‘Clean Slate’, Bars Counter-claims but Permits Set-Off Defence in Ujaas...

NCLT Dismissess Liquidator’s ₹30 Lakh Fraud Plea: Non‑reflection in books not enough under IBC Sec....

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Service Tax Not Payable on liquidated damages collected from supplier on account of non-performance of the contracts: CESTAT [Read Order]

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Non-Obstante Clause Capping Liability Cannot Override Independent Interest Obligation of Guarantor: NCLAT Permits ₹67.98 Cr Claim Beyond ₹25 Cr Cap [Read Order]

Temporary Relief by Bank Cannot Nullify Default: NCLT Upholds ₹95.31 Cr CIRP Application Against...

NCLT Upholds Limitation Based on OTS and Financial Statements, Initiates CIRP In ₹45 Cr Default...

Supreme Court Upholds IBC ‘Clean Slate’, Bars Counter-claims but Permits Set-Off Defence in Ujaas...

NCLT Dismissess Liquidator’s ₹30 Lakh Fraud Plea: Non‑reflection in books not enough under IBC Sec....

Over 1.22 Crore Taxpayers in NIL Tax Bracket in FY 2025-26: Govt Data Reveals Trends

E- Certification System for NIL/Less TDS under new Income Tax to Begin from April 1, 2026: Finance Ministry

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Unexplained Delay Of 600 Days Not Justified: SC Dismisses SLP Against Mphasis Ltd [Read Judgement]

After Seizure of Contraband At Airport, Accused to be Arrested Immediately even if further Seizure is Pending: Delhi HC Clarifies on Illegal Custody [Read Order]

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