![Insolvency Application against Personal Guarantor is Maintainable u/s 60(1) of IBC even in Absence of Pending CIRP against CD: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Insolvency-Application-Personal-Guarantor-IBC-Absence-Pending-CIRP-CD-NCLAT-taxscan.jpg "Insolvency Application against Personal Guarantor is Maintainable u/s 60(1) of IBC even in Absence of Pending CIRP against CD: NCLAT [Read Order]")
Insolvency Application against Personal Guarantor is Maintainable u/s 60(1) of IBC even in Absence of Pending CIRP against CD: NCLAT [Read Order]
The National Company Law Appellate Tribunal ( NCLAT ) bench in New Delhi has ruled that, even in cases where the National Company Law Tribunal ( NCLT...
![ITAT Weekly Round-Up [Jan 17-Jan 24,2025]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Weekly-Round-Up-Jan-17-Jan-242025-taxscan.jpg "ITAT Weekly Round-Up [Jan 17-Jan 24,2025]")
![CESTAT Weekly Round-Up [Jan 18 to Jan 24, 2025]](https://www.taxscan.in/wp-content/uploads/2025/01/CESTAT-Weekly-Round-Up-Jan-18-Jan-24-2025-TAXSCAN.jpg "CESTAT Weekly Round-Up [Jan 18 to Jan 24, 2025]")
Centre Announces Unified Pension Scheme: Retired NPS Employees Eligible to Opt for UPS [Read Notification]
The Ministry of Finance, through Notification No. FX-1/3/2024-PR dated 24th January 2025, has introduced the Unified Pension Scheme (UPS) as an option under the existing National Pension System...
Statutory Functionary Cannot Assume powers not Conferred Upon It: Supreme Court Directs Refund of Unduly Retained Stamp Duty [Read Judgement]
In a notable judgment, the Supreme Court of India directed a real-estate developer to issue refund of an amount of ₹27,00,000 received from a buyer, against the Agreement to sell while observing that...
Addition of Rs. 21,42,857 u/s 56(2)(vii)(b)(ii): ITAT Allows Appeal for Failure to Refer Valuation to DVO [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal(ITAT)allowed the appeal filed by the assessee, holding that the addition of Rs. 21,42,857 under Section 56(2)(vii)(b)(ii) of Income Tax Act,1961...
![Addition of Rs. 21,42,857 u/s 56(2)(vii)(b)(ii): ITAT Allows Appeal for Failure to Refer Valuation to DVO [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Appeal-Allowed-Valuation-DVO-Tax-Dispute-Addition-Income-Tax-Failure-to-Refer-ITAT-Ahmedabad-taxscan.jpg "Addition of Rs. 21,42,857 u/s 56(2)(vii)(b)(ii): ITAT Allows Appeal for Failure to Refer Valuation to DVO [Read Order]")
![Penalty Not Maintainable When Assessment Order No Longer Exists: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Mumbai-Income-tax-News-Assessment-Order-No-Longer-Exists-Taxscan.jpg "Penalty Not Maintainable When Assessment Order No Longer Exists: ITAT [Read Order]")
![NCLAT Orders Meta to Pay Penalty; Stays Ban on WhatsApps Data-Sharing Policy [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/NCLAT-NCLAT-Orders-Meta-to-Pay-Penalty-Penalty-Ban-on-WhatsApps-WhatsApps-WhatsApps-Data-Sharing-Policy-Data-Sharing-Policy-taxscan.jpg "NCLAT Orders Meta to Pay Penalty; Stays Ban on WhatsApps Data-Sharing Policy [Read Order]")