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Long-Time Retention of Cash in Hand from Declared Sources not Grounds for Doubts: ITAT Deletes Income Tax Addition [Read Order]
The Pune Bench of the Income Tax Appellate Tribunal (ITAT) recently clarified that mere retention of cash in hand for a long time, where the source...

IBC Moratorium Not a Shield for Directors in Cheque Bounce Cases: Bombay HC Sets Aside Discharge Order [Read Order]
The High Court noted that Section 32A of the IBC, which provides for liability for prior offences, bars prosecution only against the corporate debtor and not against the individuals responsible for the company's conduct.

IBC Moratorium Not a Shield for Directors in Cheque Bounce Cases: Bombay HC Sets Aside Discharge Order [Read Order]
The High Court noted that Section 32A of the IBC, which provides for liability for prior offences, bars prosecution only against the corporate debtor and not against the individuals responsible for the company's conduct.