Gopika V
![Related Party Nexus Between Financial Creditor and Corporate Debtor Pierces Corporate Veil: NCLAT Recall S. 7 Admission Order [Read Order]](https://images.taxscan.in/h-upload/2026/02/02/2123450-related-party-nexus-between-financial-creditor-corporate-debtor-pierces-corporate-veil-nclat-taxscan.webp "Related Party Nexus Between Financial Creditor and Corporate Debtor Pierces Corporate Veil: NCLAT Recall S. 7 Admission Order [Read Order]")
Related Party Nexus Between Financial Creditor and Corporate Debtor Pierces Corporate Veil: NCLAT Recall S. 7 Admission Order [Read Order]
In a recent ruling, the National Company Law Appelate Tribunal (NCLAT), New Delhi bench, recalled its earlier admississon ofa section 7 insolvency...
![Income Tax Return Figures Alone Insufficient for GST Demand: Madras HC Orders Forensic Verification [Read Order]](https://images.taxscan.in/h-upload/2026/02/02/2123399-income-tax-return-figures-alone-insufficient-gst-demand-taxscan.webp "Income Tax Return Figures Alone Insufficient for GST Demand: Madras HC Orders Forensic Verification [Read Order]")
![Budget 2026: 15% Tax Rate Proposed on Business Income of Offshore Banking Units, IFSC Units [Read Finance Bill 2026]](https://images.taxscan.in/h-upload/2026/02/01/2123128-budget-2026-tax-rate-business-income-offshore-banking-units-ifsc-units-taxscan.webp "Budget 2026: 15% Tax Rate Proposed on Business Income of Offshore Banking Units, IFSC Units [Read Finance Bill 2026]")
![Budget 2026 Brings GST Changes: Finance Bill Amends CGST Act on Post-Sale Discounts u/s 15 [Read Finance Bill 2026]](https://images.taxscan.in/h-upload/2026/02/01/2123066-budget-2026-gst-changes-finance-bill-amends-cgst-act-post-sale-discounts-taxscan.webp "Budget 2026 Brings GST Changes: Finance Bill Amends CGST Act on Post-Sale Discounts u/s 15 [Read Finance Bill 2026]")
Budget 2026-27 Highlights: Import Tariff Slashed to 10%, Duty-Free Cancer Medicines, and Faster Customs Clearances [Read Finance Bill 2026]
The Union Budget for the Financial Year 2026-27 was presented by Finance Minister Nirmala Sitharaman in the Lok Sabha today (Sunday, 1 February 2026). Finance Minister Nirmala Sitharaman,...
![Budget 2026-27 Highlights: Import Tariff Slashed to 10%, Duty-Free Cancer Medicines, and Faster Customs Clearances [Read Finance Bill 2026]](https://images.taxscan.in/h-upload/2026/02/01/2122990-union-budget-2026-budget-scan-2026-budget-2026-27-import-tariff-duty-free-medicines-cancer-drugs-taxscan.webp "Budget 2026-27 Highlights: Import Tariff Slashed to 10%, Duty-Free Cancer Medicines, and Faster Customs Clearances [Read Finance Bill 2026]")
![New Income Tax Law to be implemented from 1st April, 2026: All You Need to Know [Read Finance Bill 2026]](https://images.taxscan.in/h-upload/2026/02/01/2122938-new-income-tax-law-taxscan-budgetscan-.webp "New Income Tax Law to be implemented from 1st April, 2026: All You Need to Know [Read Finance Bill 2026]")
Union Budget 2026-27: Government Launches Biopharma Shakti with ₹10,000 Cr Outlay over 5 years to Position India as a Global Bio‑Pharma Hub [Read Finance Bill 2026]
The Union Budget for the Financial Year 2026-27 was presented by Finance Minister Nirmala Sitharaman in the Lok Sabha today (Sunday, 1 February 2026). Among many announcements made during...
![Union Budget 2026-27: Government Launches Biopharma Shakti with ₹10,000 Cr Outlay over 5 years to Position India as a Global Bio‑Pharma Hub [Read Finance Bill 2026]](https://images.taxscan.in/h-upload/2026/02/01/2122862-union-budget-2026-27-government-launches-biopharma-shakti-india-global-bio-pharma-hub-taxscan.webp "Union Budget 2026-27: Government Launches Biopharma Shakti with ₹10,000 Cr Outlay over 5 years to Position India as a Global Bio‑Pharma Hub [Read Finance Bill 2026]")
Balaji & Maruti Transactions Genuine: ITAT Rejects ₹5.49 Cr Accommodation Entry Allegation [Read Order]
In a recent rulling the Income Tax Appellate Tribunal (ITAT) Delhi bench dismissed the revenue's appeal, holding that amounts received from Balaji Enterprises and Maruti Enterprises could not be...
![Balaji & Maruti Transactions Genuine: ITAT Rejects ₹5.49 Cr Accommodation Entry Allegation [Read Order]](https://images.taxscan.in/h-upload/2026/01/31/2122757-alaji-maruti-transactions-genuine-itat-rejects-549-cr-accommodation-entry-allegation.webp "Balaji & Maruti Transactions Genuine: ITAT Rejects ₹5.49 Cr Accommodation Entry Allegation [Read Order]")
Reassessment Beyond 3 Years Invalid When Actual Cash Deposits Below ₹50 Lakh: ITAT Quashes Time-Barred Reassessment [Read Order]
In a recent ruling, the Income Tax Appellate Tribunal (ITAT) Hyderabad held that reopening beyond 3 years was barred by limitation, where the actual cash deposit in the assessee's bank account did...
![Reassessment Beyond 3 Years Invalid When Actual Cash Deposits Below ₹50 Lakh: ITAT Quashes Time-Barred Reassessment [Read Order]](https://images.taxscan.in/h-upload/2026/01/31/2122722-reassessment-invalid-actual-cash-deposits-below-itat-quashes-time-barred-reassessment-taxscan.webp "Reassessment Beyond 3 Years Invalid When Actual Cash Deposits Below ₹50 Lakh: ITAT Quashes Time-Barred Reassessment [Read Order]")