NCLT cannot decide on non-computation of salary after layoff period under Industrial Disputes Act: NCLAT [Read Order]
The New Delhi bench of the National Company Law Appellate Tribunal ( NCLAT ) has held that National Company Law Tribunal ( NCLT ) should not decide...
![Loans from IPO Proceeds, Not Borrowed Funds: ITAT directs AO to recompute Interest Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Chennai-Loans-from-IPO-proceeds-ITAT-on-interest-disallowance-case-taxscan.jpg "Loans from IPO Proceeds, Not Borrowed Funds: ITAT directs AO to recompute Interest Disallowance [Read Order]")
![Insufficient Evidence to Prove Loan Creditworthiness: ITAT remands Unexplained Cash Deposits matter for Reconsideration [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Chennai-unexplained-cash-deposits-loan-creditworthiness-insufficient-evidence-reconsideration-Income-Tax-Appellate-Tribunal-Income-Tax-taxscan.jpg "Insufficient Evidence to Prove Loan Creditworthiness: ITAT remands Unexplained Cash Deposits matter for Reconsideration [Read Order]")
![AO Adds based on Mobile Phone Image Indicating Higher Sale Consideration: ITAT Deletes due to Absence of Corroborative Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Chennai-income-tax-income-tax-news-Taxscan.jpg "AO Adds based on Mobile Phone Image Indicating Higher Sale Consideration: ITAT Deletes due to Absence of Corroborative Evidence [Read Order]")
![ITAT Orders Verification of TDS Deposits, Grants Relief to Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Orders-Verification-ITAT-Orders-Verification-TDS-Deposits-TDS-Deposits-Grants-Relief-Grants-Relief-to-Assessee-taxscan.jpg "ITAT Orders Verification of TDS Deposits, Grants Relief to Assessee [Read Order]")
ITAT Intervenes: Orders CIT(A) to Admit Appeal, Citing 'Good and Sufficient Reasons' [Read Order]
In a significant ruling, the Income Tax Appellate Tribunal ( ITAT ), Agra Bench, has intervened and directed the Commissioner of Income-tax (Appeals) [CIT(A)] to admit her appeal. This order comes in...
![ITAT Intervenes: Orders CIT(A) to Admit Appeal, Citing Good and Sufficient Reasons [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Agra-Income-Tax-Appellate-Tribunal-Commissioner-of-Income-tax-TAXSCAN.jpg "ITAT Intervenes: Orders CIT(A) to Admit Appeal, Citing Good and Sufficient Reasons [Read Order]")
Liquidator can institute proceedings against personal guarantors when appeal was made within Prescribed Limitation Period: NCLT rules in favour of UCO Bank [Read Order]
In a ruling in favour of UCO bank, the National Company Law Tribunal (NCLT) held that the appeal falls within the ambit of the limitation period as prescribed under Section 19 of the Limitation Act,...
Delhi HC: Section 129 of GST Act cannot Override Procedural Safeguards for Minor Breaches [Read Order]
The Delhi High Court has ruled that Section 129 of the CGST Act cannot be used to impose penalties for minor e-way bill errors. The court held that such errors constitute minor procedural breaches,...
![Delhi HC: Section 129 of GST Act cannot Override Procedural Safeguards for Minor Breaches [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Delhi-HC-Section-129-GST-Act-procedural-safeguards-minor-breaches-legal-compliance-taxscan.jpg "Delhi HC: Section 129 of GST Act cannot Override Procedural Safeguards for Minor Breaches [Read Order]")
Discrepancy in FMV: ITAT Directs AO to Determine by Conducting Thorough Fact-Finding Process, Applying Explanation u/s 56(2)(viib)[Read Order]
The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) directed the Assessing Officer (AO) to Determine the Fair Market Value (FMV) of Shares by conducting a thorough Fact-Finding Process and...
![Discrepancy in FMV: ITAT Directs AO to Determine by Conducting Thorough Fact-Finding Process, Applying Explanation u/s 56(2)(viib)[Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Discrepancy-in-FMV-ITAT-ITAT-Directs-AO-to-Determine-Fact-Finding-Process-Chennai-Bench-of-ITAT-Fair-Market-Value-Income-tax-Income-tax-news-Commissioner-of-Income-Tax-Taxscan.jpg "Discrepancy in FMV: ITAT Directs AO to Determine by Conducting Thorough Fact-Finding Process, Applying Explanation u/s 56(2)(viib)[Read Order]")
Supreme Court of India opens Applications for Law Clerk-cum-Research Associates from Young Advocates [Read Order]
The Supreme Court of India has announced a prestigious opportunity for young legal minds with the release of its advertisement for the engagement of Law Clerk-cum-Research Associates on a short-term...
