The  New Delhi bench of the National Company Law Appellate Tribunal (NCLAT) has held that section 43 of the code can be attracted only when the transaction in question is made by the corporate debtor

Unexplained cash deposits have been a focal point of scrutiny in the Indian income tax framework. Section 69A of the Income Tax Act, 1961, is a crucial provision empowering tax authorities to tax unaccounted assets,

The Ahmedabad Bench of Income Tax Appellate Tribunal(ITAT) ordered the Commissioner of Income Tax(Exemption)[CIT(E)] to grant registration under Section 12AB,of the Income Tax ACt,1961, finding no exemption claim under Section 11 for the Assessment Year(AY)

Recently, Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) set aside a penalty of Rs. 58.97 lakh imposed by the Assessing Officer ( AO ), noting that the issue of disallowance of

India has seen a big change in its financial system with more women participating in the economy. According to the Income Tax Department, the number of women filing income tax returns (ITRs) grown by 25.3%

This weekly round-up analytically summarizes the key stories related to the Income Tax Appellate Tribunal ( ITAT ) reported at Taxscan from 30 November 2024 to 6 December 2024. ITAT Remands Case to CIT(A) for

The New Delhi bench of the National Company Law Appellate Tribunal ( NCLAT ) has held that application under section 9 of the Insolvency and Bankruptcy code ( IBC ), 2016 cannot be admitted for

The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) ruled that the CIT(A) cannot dismiss an income tax appeal on limitation grounds after condoning the delay. Rambadal Dhunmum Yadav, the appellant-assessee approached the

This weekly round-up analytically summarizes the key stories related to the Supreme Court and High Court reported at Taxscan.in during the previous week 30th November 2024 to 6th December 2024. Enormous Delay of 1788 Days

In a recent ruling, the Income Tax Appellate Tribunal ( ITAT ), Delhi Bench, quashed the reassessment order against an assessee noting that the assessment was reopened by the Revenue without mandatory application of mind.

The New Delhi bench of the National Company Law Appellate Tribunal ( NCLAT ) held that liquidators can recover the amount of the corporate debtor by filing an application under section 60(5)(c) of theInsolvency and

The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) held that undisclosed income is to be computed on the basis of the principle of real income and dismissed the appeal filed by

This Annual round-up analytically summarizes the key Indirect Tax-Goods and Services Tax rulings of the Authority for Advance Rulings (AAR) and Appellate Authority for Advance Ruling (AAAR) reported at Taxscan.in during 2024. GST ITC Claims

The New Delhi bench of the National Company Law Appellate Tribunal ( NCLAT ) held that the petition under Section 9 of the Insolvency Bankruptcy Code (IBC), 2016 cannot be admitted when pre-existing dispute with regard to

The Ahmedabad Bench of Income Tax Appellate Tribunal(ITAT) ruled that reopening of assessments under Section 153A of the Income Tax Act,1961 is not permitted without incriminating material. JMC Projects,appellant-assessee,company involved in civil construction and infrastructure