Begin typing your search above and press return to search.
ITAT Upholds 153C Assessments but Deletes Cash Payment Additions for Lack of Corroboration and No Cross-Examination [Read Order]
ITAT Deletes Cash Additions for Lack of Proof while Upholding 153C Assessments The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT)...
![ED Attachment Not Verified: NCLAT says NCLT Committed ‘Manifest Illegality’, Directs Fresh Inquiry [Read Order]](https://images.taxscan.in/h-upload/2025/12/07/250x150_2110726-ed-attachment-verified-nclat-nclt-committed-manifest-illegality-directs-fresh-inquiry-taxscan.webp "ED Attachment Not Verified: NCLAT says NCLT Committed ‘Manifest Illegality’, Directs Fresh Inquiry [Read Order]")
![Karnataka HC Quashes OIA Since Issue Already Settled by Coordinate Bench, Remands Service Tax Dispute on Labour Charges [Read Order]](https://images.taxscan.in/h-upload/2025/12/01/500x300_2109295-karnataka-hc-taxscan.jfif "Karnataka HC Quashes OIA Since Issue Already Settled by Coordinate Bench, Remands Service Tax Dispute on Labour Charges [Read Order]")
![Copolymer vs. Homopolymer: CESTAT Raps Customs for confirming ADD on PVC Import without Verifying Material Composition [Read Order]](https://images.taxscan.in/h-upload/2025/11/25/500x300_2107826-copolymer-vs-homopolymer-cestat-raps-customs-confirming-pvc-import-without-verifying-material-composition-taxscan.webp "Copolymer vs. Homopolymer: CESTAT Raps Customs for confirming ADD on PVC Import without Verifying Material Composition [Read Order]")
![CESTAT Rules Testing Centre Reimbursements Beyond MCS Scope, Sets Aside Service Tax Demand on Eduquity Career Technologies [Read Order]](https://images.taxscan.in/h-upload/2025/11/21/500x300_2107220-cestat-centre-reimbursements-service-tax-service-tax-demand-taxscan.webp "CESTAT Rules Testing Centre Reimbursements Beyond MCS Scope, Sets Aside Service Tax Demand on Eduquity Career Technologies [Read Order]")
![Service Tax Payable on Consolidated Rent Collected by Co-owners when Threshold Exceeds: Calcutta HC on Clubbing of Rent [Read Order]](https://images.taxscan.in/h-upload/2025/11/19/500x300_2106528-service-tax-consolidated-rent-threshold-exceeds-calcutta-hc-taxscan.webp "Service Tax Payable on Consolidated Rent Collected by Co-owners when Threshold Exceeds: Calcutta HC on Clubbing of Rent [Read Order]")
Advance Payment for Scrap Sale Qualifies as Operational Debt u/s 5(21): NCLAT Upholds CIRP Admission [Read Order]
The appellant argued that the debt arose from a one‑time scrap sale agreement and did not qualify as “operational debt,” further alleging fabrication of documents and limitation issues. The Tribunal, however, found that advance payments made under the 2019 agreement constituted operational debt, and the corporate debtor’s failure to deliver goods or refund the amount amounted to default under the IBC.
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
Advance Payment for Scrap Sale Qualifies as Operational Debt u/s 5(21): NCLAT Upholds CIRP Admission [Read Order]
The appellant argued that the debt arose from a one‑time scrap sale agreement and did not qualify as “operational debt,” further alleging fabrication of documents and limitation issues. The Tribunal, however, found that advance payments made under the 2019 agreement constituted operational debt, and the corporate debtor’s failure to deliver goods or refund the amount amounted to default under the IBC.
![ED Attachment Not Verified: NCLAT says NCLT Committed ‘Manifest Illegality’, Directs Fresh Inquiry [Read Order]](https://images.taxscan.in/h-upload/2025/12/07/750x450_2110726-ed-attachment-verified-nclat-nclt-committed-manifest-illegality-directs-fresh-inquiry-taxscan.webp "ED Attachment Not Verified: NCLAT says NCLT Committed ‘Manifest Illegality’, Directs Fresh Inquiry [Read Order]")
