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Application u/s 7 of IBC Admitted can be Recalled on Proving Fraud or Malicious Intent: NCLAT [Read Order]
Recently, the New Delhi bench of the National Company Law Appellate Tribunal (NCLAT) has held that when CIRP proceedings are initiated...
![CBDT Introduces Presumptive Income Tax Rule 6GB: Conditions for Non-Residents Engaged in Cruise Ship Operations [Read Notification]](https://www.taxscan.in/wp-content/uploads/2025/01/CBDT-Income-Tax-Rule-Income-Tax-Rule-6GB-Cruise-Ship-Operations-Non-Residents-Engaged-taxscan.jpg "CBDT Introduces Presumptive Income Tax Rule 6GB: Conditions for Non-Residents Engaged in Cruise Ship Operations [Read Notification]")
Seller cannot dissect Settlement Commission Order to avail Preferred Provisions Only: Delhi HC upholds ₹1.15 Crore Penalty [Read Order]
The Delhi High Court recently upheld the imposition of ₹1.15 Crore Penalty against a trader, averring that Order passed by the Settlement Commission in regards to adjudication of a specific...
Bankers' Higher Salaries Justify Proportionate Tax Burden, No Arbitrariness: Bombay HC Upholds S. 17(2) Income Tax Amendment [Read Order]
In a recent ruling, the Bombay High Court stated that requiring higher-paid bank employees to bear a proportionately higher tax burden was justified and not violative of Article 14 of the...
![Bankers Higher Salaries Justify Proportionate Tax Burden, No Arbitrariness: Bombay HC Upholds S. 17(2) Income Tax Amendment [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Bombay-HC-Bombay-High-Court-Higher-Salaries-Tax-Burden-Income-Tax-Amendment-taxscan.jpg "Bankers Higher Salaries Justify Proportionate Tax Burden, No Arbitrariness: Bombay HC Upholds S. 17(2) Income Tax Amendment [Read Order]")
![No Retrospective Amendment to Section 14A: ITAT Dismisses Revenues Plea [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Mumbai-Section-14A-of-the-Income-Tax-Act-ITAT-Dismisses-Revenue-Taxscan.jpg "No Retrospective Amendment to Section 14A: ITAT Dismisses Revenues Plea [Read Order]")
Rejection of Interlocutory Application for Incomplete Process Memorandum: NCLAT Allows Appeal [Read Order]
The Chennai Bench of National Company Law Appellate Tribunal(NCLAT) allowed the applicant’s appeal against the National Company Law Tribunal(NCLT)’s September 13, 2024 order, which had rejected the...
![ITAT remits case back to AO over Assessees Silence & Lack of Compliance [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Remits-Case-Assessing-Officer-taxscan.jpg "ITAT remits case back to AO over Assessees Silence & Lack of Compliance [Read Order]")