Laksita P
![Non-Obstante Clause Capping Liability Cannot Override Independent Interest Obligation of Guarantor: NCLAT Permits ₹67.98 Cr Claim Beyond ₹25 Cr Cap [Read Order]](https://images.taxscan.in/h-upload/2026/03/24/2130066-non-obstante-clause-capping-liability-cannot-override-independent-interest-obligation-of-guarantorjpg.webp "Non-Obstante Clause Capping Liability Cannot Override Independent Interest Obligation of Guarantor: NCLAT Permits ₹67.98 Cr Claim Beyond ₹25 Cr Cap [Read Order]")
Non-Obstante Clause Capping Liability Cannot Override Independent Interest Obligation of Guarantor: NCLAT Permits ₹67.98 Cr Claim Beyond ₹25 Cr Cap [Read Order]
The National Company Law Appellate Tribunal(NCLAT), New Delhi Bench, held that a non-obstante clause capping liability under a guarantee deed...
![Invocation of S. 263 Not Permissible where ITR filed u/s 44AD: ITAT holds S. 68 Inapplicable without Books [Read Order]](https://images.taxscan.in/h-upload/2026/03/24/2130045-invocation-of-s-263-not-permissiblejpg.webp "Invocation of S. 263 Not Permissible where ITR filed u/s 44AD: ITAT holds S. 68 Inapplicable without Books [Read Order]")
![Reliefs Sought Too Wide and General: NCLAT Rejects Excessive Reliefs Sought By Successful Bidder And Upholds NCLT Order [Read Order]](https://images.taxscan.in/h-upload/2026/03/21/2129802-reliefs-sought-too-wide-and-generaljpg.webp "Reliefs Sought Too Wide and General: NCLAT Rejects Excessive Reliefs Sought By Successful Bidder And Upholds NCLT Order [Read Order]")
![Coconut Construed as a Fruit Under EPF Act and Desiccation Amounts to Preservation: Delhi HC upholds EPFAT Order [Read Order]](https://images.taxscan.in/h-upload/2026/03/20/2129743-coconut-construed-as-a-fruit-under-epf-actjpg.webp "Coconut Construed as a Fruit Under EPF Act and Desiccation Amounts to Preservation: Delhi HC upholds EPFAT Order [Read Order]")
Re-export Not Permissible for Prohibited Goods: Bombay HC Upholds Seizure of Cosmetics Imported Without CDSCO Licence [Read Order]
The Bombay High Court has upheld the seizure of imported cosmetic goods and refused to permit their re-export, holding that goods imported without a valid Central Drugs Standard Control...
![Re-export Not Permissible for Prohibited Goods: Bombay HC Upholds Seizure of Cosmetics Imported Without CDSCO Licence [Read Order]](https://images.taxscan.in/h-upload/2026/03/19/2129670-re-export-not-permissible-for-prohibited-goodsjpg.webp "Re-export Not Permissible for Prohibited Goods: Bombay HC Upholds Seizure of Cosmetics Imported Without CDSCO Licence [Read Order]")
NCLAT Upholds Impleadment Application And Holds Shareholders Necessary For Effective Adjudication [Read Order]
The National Company Law Appellate Tribunal (NCLAT), Chennai Bench, upheld the order of the National Company Law Tribunal (NCLT), Hyderabad Bench allowing impleadment application and held that the...
![NCLAT Upholds Impleadment Application And Holds Shareholders Necessary For Effective Adjudication [Read Order]](https://images.taxscan.in/h-upload/2026/03/19/2129669-nclat-upholds-impleadment-application-and-holds-shareholders-necessary-for-effective-adjudication.webp "NCLAT Upholds Impleadment Application And Holds Shareholders Necessary For Effective Adjudication [Read Order]")
Relief to Real Estate Company: ITAT Holds Compensation Received for Compulsory Land Acquisition by NHAI Not Taxable [Read Order]
The Income Tax Appellate Tribunal (ITAT), Raipur Bench, held that compensation received for compulsory acquisition of land by the National Highways Authority of India (NHAI) is not liable to income ...
![Relief to Real Estate Company: ITAT Holds Compensation Received for Compulsory Land Acquisition by NHAI Not Taxable [Read Order]](https://images.taxscan.in/h-upload/2026/03/16/2129413-relief-real-estate-company-itat-holds-compensation-received-compulsory-land-acquisition-by-nhai-taxable-.webp "Relief to Real Estate Company: ITAT Holds Compensation Received for Compulsory Land Acquisition by NHAI Not Taxable [Read Order]")
No Double-Deduction of Bad and Doubtful Debts in Cooperative Bank’s Income Tax Return: ITAT Upholds Deletion of ₹17 Cr Addition [Read Order]
The Income Tax Appellate Tribunal (ITAT), Raipur Bench, dismissed the appeal filed by the Deputy Commissioner of Income Tax (DCIT) and upheld the deletion of ₹17,00,00,000 addition made towards ...
![No Double-Deduction of Bad and Doubtful Debts in Cooperative Bank’s Income Tax Return: ITAT Upholds Deletion of ₹17 Cr Addition [Read Order]](https://images.taxscan.in/h-upload/2026/03/16/2129400-no-double-deduction-of-bad-and-doubtful-debts-in-cooperative-banks-income-tax-return.webp "No Double-Deduction of Bad and Doubtful Debts in Cooperative Bank’s Income Tax Return: ITAT Upholds Deletion of ₹17 Cr Addition [Read Order]")
ITAT Upholds PCIT Revision u/s 263 as AO Failed to Enquire into Excess Diesel Shortage Claimed by Assessee [Read Order]
The Income Tax Appellate Tribunal (ITAT), Raipur Bench, upheld the revision order passed by the Principal Commissioner ofIncome Tax (PCIT) under Section 263 of the Income Tax Act, 1961 holding that ...
![ITAT Upholds PCIT Revision u/s 263 as AO Failed to Enquire into Excess Diesel Shortage Claimed by Assessee [Read Order]](https://images.taxscan.in/h-upload/2026/03/14/2129222-diesel-shortagejpg.webp "ITAT Upholds PCIT Revision u/s 263 as AO Failed to Enquire into Excess Diesel Shortage Claimed by Assessee [Read Order]")
SCN on Penalty not Received: Madras HC Quashes DGFT Order Imposing Penalty for EPCG Export Obligation Default [Read Order]
The Madras High Court quashed the order passed by the Director General of ForeignTrade (DGFT) imposing a penalty on a private limited company after finding that the company was not granted a proper...
![SCN on Penalty not Received: Madras HC Quashes DGFT Order Imposing Penalty for EPCG Export Obligation Default [Read Order]](https://images.taxscan.in/h-upload/2026/03/10/2128735-scn-on-penalty-not-receivedjpg.webp "SCN on Penalty not Received: Madras HC Quashes DGFT Order Imposing Penalty for EPCG Export Obligation Default [Read Order]")