ROC cannot File Criminal Complaint While Company’s Penalty Appeal u/s 454(8) is Pending: Kerala HC [Read Order]
In a recent judgment, the Kerala High Court held that the Registrar of Companies (ROC) cannot file a criminal complaint under Section 454(8) of the...
![Freight and Insurance Included in Assessable Value for FOR Destination Sales: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Freight-Insurance-CESTAT-TAXSCAN.jpg "Freight and Insurance Included in Assessable Value for FOR Destination Sales: CESTAT [Read Order]")
![Operational Creditor cannot initiate Insolvency Proceedings When Complaints Regarding Defects Remain Unresolved: NCLT rules against Schneider Electric India Pvt. Ltd. [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Schneider-Electric-India-Pvt.-Ltd-.jpg "Operational Creditor cannot initiate Insolvency Proceedings When Complaints Regarding Defects Remain Unresolved: NCLT rules against Schneider Electric India Pvt. Ltd. [Read Order]")
Revenue Cannot Debit From GST Ledger Once Mandatory Pre-Deposit For Appeal is Paid: Calcutta HC [Read Order]
The Calcutta High Court has held that no deduction from electronic cash/credit ledger can be made by the department where the pre-deposit amount in terms of Section 112(8) of the Central/State Goods...
![Revenue Cannot Debit From GST Ledger Once Mandatory Pre-Deposit For Appeal is Paid: Calcutta HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Calcutta-High-Court-TAXSCAN.jpg "Revenue Cannot Debit From GST Ledger Once Mandatory Pre-Deposit For Appeal is Paid: Calcutta HC [Read Order]")
Payment Made on Specific Invoice not adjustable Against Back-Dated Invoices: NCLTÂ rejects petition filed u/s 9 of IBC [Read Order]
While rejecting a petition filed under section 9 of the Insolvency & Bankruptcy Code, 2016 (the code), the New Delhi bench of the National Company Law Tribunal (NCLT) held that when a payment...
![Payment Made on Specific Invoice not adjustable Against Back-Dated Invoices: NCLTÂ rejects petition filed u/s 9 of IBC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Corporate-debto-r-taxscan.jpg "Payment Made on Specific Invoice not adjustable Against Back-Dated Invoices: NCLTÂ rejects petition filed u/s 9 of IBC [Read Order]")
DRT Order Setting aside NPA Classification Does not Negate Existence of Financial Debt: NCLT [Read Order]
The New Delhi bench of the National Company Law Tribunal (NCLT) ruled that the existence of financial debt or the occurrence of default—the two main requirements for admitting a Section 7 petition...
![DRT Order Setting aside NPA Classification Does not Negate Existence of Financial Debt: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/DRT-NPA-Classification-NCLT-TAXSCAN.jpg "DRT Order Setting aside NPA Classification Does not Negate Existence of Financial Debt: NCLT [Read Order]")
Income Tax Notice issued Demanding Management Fee Paid to Oversea Company: Delhi HC sets aside Notice being Violative of S. 149 (1)(a) [Read Order]
The Delhi High Court in a recent case has set aside the Income Tax notice issued demanding management fee paid to oversea company being violative of section 149 (1)(a) of the Income Tax Act, 1961. ...
![Income Tax Notice issued Demanding Management Fee Paid to Oversea Company: Delhi HC sets aside Notice being Violative of S. 149 (1)(a) [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Income-Tax-Notice-Demanding-Management-Fee-Oversea-Company-Delhi-HC-notice-Violative-taxscan.jpg "Income Tax Notice issued Demanding Management Fee Paid to Oversea Company: Delhi HC sets aside Notice being Violative of S. 149 (1)(a) [Read Order]")
Period of Limitation as per S. 153 C Commences with date on which documents were Submitted: Delhi HC [Read Judgement]
The Delhi High Court in its recent case held that the period of limitation as per section 153C of the Income Tax Act, 1961 commenced with date on which documents were submitted. Landcraft...
