Mansi Yadav
![Form 10BB Requirement is Directory, Not Mandatory: ITAT Holds Late Filing Cannot Deny S. 11 Exemption [Read Order]](https://images.taxscan.in/h-upload/2025/12/31/2116276-itat-jaipur-form-10bb-itat-form-10bb-10bb-late-filing-itat-10bb-judgement-form-10bb-directory-not-mandatory-taxscan.webp "Form 10BB Requirement is Directory, Not Mandatory: ITAT Holds Late Filing Cannot Deny S. 11 Exemption [Read Order]")
Form 10BB Requirement is Directory, Not Mandatory: ITAT Holds Late Filing Cannot Deny S. 11 Exemption [Read Order]
The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) has held that delay in filing the audit report in Form 10BB cannot be used as a ground...
![ITAT Quashes Revisionary Order u/s 263 Against Sabarmati Gas as PCIT Exceeded Scope of Show Cause Notice [Read Order]](https://images.taxscan.in/h-upload/2025/12/30/2115862-itat-quashes-revisionary-order-263-against-sabarmati-gas-pcit-exceeded-scope-show-cause-notice-taxscan.webp "ITAT Quashes Revisionary Order u/s 263 Against Sabarmati Gas as PCIT Exceeded Scope of Show Cause Notice [Read Order]")
![ITAT Deletes ₹2.70 Crore Income Tax Addition on Alleged Cash Receipts from Property Sale, Cites Lack of Supportive Evidence [Read Order]](https://images.taxscan.in/h-upload/2025/12/30/2115856-itat-deletes-270-crore-income-tax-addition-on-alleged-cash-receipts-from-property-sale-cites-lack-of-supportive-evidence-taxscan.webp "ITAT Deletes ₹2.70 Crore Income Tax Addition on Alleged Cash Receipts from Property Sale, Cites Lack of Supportive Evidence [Read Order]")
![ITAT Reduces 2% Commission Addition on Bank Credits to 1% in Accommodation Entry Matter [Read Order]](https://images.taxscan.in/h-upload/2025/12/30/2115831-2070700-commission-accomodation-entries-taxscan.webp "ITAT Reduces 2% Commission Addition on Bank Credits to 1% in Accommodation Entry Matter [Read Order]")
![DRAT Quashes Auction Sale Over Violation of Mandatory 30-Day Notice Period; Rejects DCB Bank’s Recovery Action [Read Order]](https://images.taxscan.in/h-upload/2025/12/29/2115620-drat-quashes-auction-sale-violation-mandatory-notice-period-rejects-dcb-banks-recovery-action-taxscan.webp "DRAT Quashes Auction Sale Over Violation of Mandatory 30-Day Notice Period; Rejects DCB Bank’s Recovery Action [Read Order]")
DRAT Rejects Lohia Corp's Plea against Joint Debt Recovery Order, Upholds Liability of Bill Acceptors [Read Order]
In a recent ruling, the Debts Recovery Appellate Tribunal (DRAT) in Allahabad, recently dismissed an appeal by Lohia Corp Ltd. regarding their liability in a debt recovery matter involving ING...
![DRAT Rejects Lohia Corps Plea against Joint Debt Recovery Order, Upholds Liability of Bill Acceptors [Read Order]](https://images.taxscan.in/h-upload/2025/12/29/2115629-drat-rejects-lohia-corps-plea-against-joint-debt-recovery-order-upholds-liability-of-bill-acceptors-taxscan.webp "DRAT Rejects Lohia Corps Plea against Joint Debt Recovery Order, Upholds Liability of Bill Acceptors [Read Order]")
DRAT sets side Auction Sale Due to Stale Valuation Report, upholds Proceedings despite Death of Mortgagor [Read Order]
The Debts Recovery Appellate Tribunal (DRAT), Allahabad, has partially allowed an appeal filed by a borrower, setting aside an auction sale conducted by the Bank of Baroda. The appellate...
![DRAT sets side Auction Sale Due to Stale Valuation Report, upholds Proceedings despite Death of Mortgagor [Read Order]](https://images.taxscan.in/h-upload/2025/12/29/2115651-drat-sets-side-auction-sale-due-to-stale-valuation-report-taxscan.jfif "DRAT sets side Auction Sale Due to Stale Valuation Report, upholds Proceedings despite Death of Mortgagor [Read Order]")
Understanding Shift in Surcharge, Rebate, and Marginal Relief Provisions under New Income Tax [Old vs. New Income Tax Act Series - Article 5]
It condenses 47 chapters and 819 sections into 23 chapters and 536 sections, respectively. Through increased openness, decreased litigation, and easier filing, the new framework seeks to adopt a...
![Understanding Shift in Surcharge, Rebate, and Marginal Relief Provisions under New Income Tax [Old vs. New Income Tax Act Series - Article 5]](https://images.taxscan.in/h-upload/2025/12/24/2114627-understanding-shift-surcharge-rebate-marginal-relief-provisions-under-new-income-tax-old-vs-new-income-tax-act-series-.webp "Understanding Shift in Surcharge, Rebate, and Marginal Relief Provisions under New Income Tax [Old vs. New Income Tax Act Series - Article 5]")
No CIRP for COVID-Period Default: NCLAT Affirms NCLT Order Rejecting Application u/s 10A [Read Order]
The National Company Law Appellate Tribunal (NCLAT) Principal Bench at New Delhi has upheld the dismissal of a Section 7 application under the Insolvency and Bankruptcy Code, 2016, holding that no ...
![No CIRP for COVID-Period Default: NCLAT Affirms NCLT Order Rejecting Application u/s 10A [Read Order]](https://images.taxscan.in/h-upload/2025/12/10/2111279-nclat-affirms-nclt-order-rejecting-application-taxscan.jfif "No CIRP for COVID-Period Default: NCLAT Affirms NCLT Order Rejecting Application u/s 10A [Read Order]")
How Much Cash is Too Much? Understanding Permissible Limits on Holding, Carrying and Transacting Cash in India
We live in an age where technology is growing by leaps and bounds. The push for digitisation is at its highest. Digitisation has also transformed our relationship with money. However, even in times...
Liquidator Cannot Short-Circuit Jurisdiction": NCLAT Refuses to Adjudicate Disputed Contractual Dues Against UP Rajkiya Nirman Nigam [Read Order]
The National Company Law Appellate Tribunal (NCLAT), Principal Bench, in Company Appeal (AT) (Insolvency) No. 1561 of 2023, upheld the NCLT's decision that the liquidator cannot invoke the...
![Liquidator Cannot Short-Circuit Jurisdiction: NCLAT Refuses to Adjudicate Disputed Contractual Dues Against UP Rajkiya Nirman Nigam [Read Order]](https://images.taxscan.in/h-upload/2025/12/10/2111253-liquidator-cannot-short-circuit-jurisdictn-nclat-refuses-adjudicate-disputed-contractual-dues-against-up-rajkiya-nirman-nigam-taxscan.webp "Liquidator Cannot Short-Circuit Jurisdiction: NCLAT Refuses to Adjudicate Disputed Contractual Dues Against UP Rajkiya Nirman Nigam [Read Order]")