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Why Transfer Pricing Matters: Practical Challenges and Judicial Developments in India
Transfer Pricing (TP) has become one of the most important and complex areas in international taxation. It governs how multinational companies price...

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.

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.



![Bombay HC Condones 447-Day Delay by Income Tax Dept in Filing Appeal Against Acquittal in Tax Evasion Case {Read Order] Bombay HC Condones 447-Day Delay by Income Tax Dept in Filing Appeal Against Acquittal in Tax Evasion Case {Read Order]](https://images.taxscan.in/h-upload/2025/10/22/250x150_2099160-bombay-hc-income-tax-dept-filing-appeal-tax-evasion-tax-evasion-case-taxscan.webp)
![GST Dept Cannot Attach Bank Accounts or Restrain Funds Once 10% Pre-Deposit for Appeal is Paid: Supreme Court [Read Judgement] GST Dept Cannot Attach Bank Accounts or Restrain Funds Once 10% Pre-Deposit for Appeal is Paid: Supreme Court [Read Judgement]](https://images.taxscan.in/h-upload/2025/10/22/250x150_2099150-supreme-court-bank-accounts-gst-dept-taxscan.webp)
![Summary in GST Form DRC-01 Cannot Substitute Mandatory SCN, Unsigned & Incomplete Notice Invalid: Gauhati HC Quashes Order [Read Order] Summary in GST Form DRC-01 Cannot Substitute Mandatory SCN, Unsigned & Incomplete Notice Invalid: Gauhati HC Quashes Order [Read Order]](https://images.taxscan.in/h-upload/2025/10/22/250x150_2099149-gst-form-drc-01-scn-unsigned-incomplete-notice-invalid-gauhati-hc-taxscan.webp)




![GST Dept Cannot Attach Bank Accounts or Restrain Funds Once 10% Pre-Deposit for Appeal is Paid: Supreme Court [Read Judgement] GST Dept Cannot Attach Bank Accounts or Restrain Funds Once 10% Pre-Deposit for Appeal is Paid: Supreme Court [Read Judgement]](https://images.taxscan.in/h-upload/2025/10/22/750x450_2099150-supreme-court-bank-accounts-gst-dept-taxscan.webp)
![Summary in GST Form DRC-01 Cannot Substitute Mandatory SCN, Unsigned & Incomplete Notice Invalid: Gauhati HC Quashes Order [Read Order] Summary in GST Form DRC-01 Cannot Substitute Mandatory SCN, Unsigned & Incomplete Notice Invalid: Gauhati HC Quashes Order [Read Order]](https://images.taxscan.in/h-upload/2025/10/22/500x300_2099149-gst-form-drc-01-scn-unsigned-incomplete-notice-invalid-gauhati-hc-taxscan.webp)
![GST ITC Admissible on Capital Goods Like Cables and Electrical Equipment Installed Outside Factory Premises: AAAR [Read Order] GST ITC Admissible on Capital Goods Like Cables and Electrical Equipment Installed Outside Factory Premises: AAAR [Read Order]](https://images.taxscan.in/h-upload/2025/10/22/500x300_2098970-gst-itc-aaar-taxscan.webp)



![Service Tax Demand Cannot be Held as Bad in Law merely due to Payment made in Advance: CESTAT Remands Appeal for Redetermination [Read Order] Service Tax Demand Cannot be Held as Bad in Law merely due to Payment made in Advance: CESTAT Remands Appeal for Redetermination [Read Order]](https://images.taxscan.in/h-upload/2025/10/21/750x450_2098801-service-tax-demand-cestat-hyderabad-tascan.webp)
![Service Tax Not Leviable on Training Programs Conducted with University: CESTAT [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)
![Wrongly Paid Service Tax under SEZ Act: CESTAT Remands Claim for Fresh Examination and Directs Refund [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)
![Relief for Maruti Suzuki: CESTAT Rules Education Cess Payable on Net Service Tax after Deducting R&D Cess [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)
![Mismatch Between Income Tax and ST-3 Returns: CESTAT Upholds Service Tax Demand for Unexplained Discrepancy [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)


Kavi Priya
![Service Tax Not Payable on liquidated damages collected from supplier on account of non-performance of the contracts: CESTAT [Read Order] 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)
Yogitha S. Yogesh
Rupesh Sharma


Saagarika Gopinath
Navasree A.M



![DGFT Eases Import Rules for Lightweight Synthetic Knitted Fabrics [Read Notification] DGFT Eases Import Rules for Lightweight Synthetic Knitted Fabrics [Read Notification]](https://images.taxscan.in/h-upload/2025/10/21/500x300_2098922-dgft-synthetic-knitted-fabrics-knitted-fabrics-fabrics-lightweight-synthetic-knitted-fabrics-taxscan.webp)



