![Draft Income Tax Assessment u/s 144C Issued Post-Amalgamation Invalid: Delhi HC Permits Fresh Action Against SMS India [Read Order]](https://images.taxscan.in/h-upload/2025/12/19/500x300_2113152-draft-income-tax-assessment-144c-issued-post-amalgamation-invalid-delhi-hc-permits-fresh-action-against-sms-india-taxscan.webp "Draft Income Tax Assessment u/s 144C Issued Post-Amalgamation Invalid: Delhi HC Permits Fresh Action Against SMS India [Read Order]")
Draft Income Tax Assessment u/s 144C Issued Post-Amalgamation Invalid: Delhi HC Permits Fresh Action Against SMS India [Read Order]
The Delhi High Court invalidated a draft assessment order issued under Section 144Cof the Income Tax Act, 1961 for A.Y. 2022-23, after finding that...
![ITC Claimed, Reversed and Re-Claimed in FY 2024-25: How Will It Reflect in GSTR-9? [GSTR 9/9C FAQ Explained]](https://images.taxscan.in/h-upload/2025/12/19/250x150_2113133-itc-fy-2024-25-gstr-9-itc-gstr-9-reclaimed-itc-itc-reversal-taxscan.webp "ITC Claimed, Reversed and Re-Claimed in FY 2024-25: How Will It Reflect in GSTR-9? [GSTR 9/9C FAQ Explained]")
![Govt Approved Revival & Full Liability Undertaking Justify Recall of Winding‑Up: Kerala HC Allows Keltron to Take Over KPDL & KRCL [Read Order]](https://images.taxscan.in/h-upload/2025/12/18/250x150_2113057-keltron.webp "Govt Approved Revival & Full Liability Undertaking Justify Recall of Winding‑Up: Kerala HC Allows Keltron to Take Over KPDL & KRCL [Read Order]")
Writ Petition Founded on Misrepresentation and Suppression: Calcutta HC Upholds WBIDC’s Transfer Fee Demand and Dismisses Appeal [Read Order]
The Calcutta High Court has dismissed an appeal filed by the appellant, affirming the Single Judge’s refusal to interfere with the West Bengal Industrial Development Corporation’s (WBIDC) demand...
![Writ Petition Founded on Misrepresentation and Suppression: Calcutta HC Upholds WBIDC’s Transfer Fee Demand and Dismisses Appeal [Read Order]](https://images.taxscan.in/h-upload/2025/12/12/500x300_2111750-writ-petition-founded-misrepresentation-suppression-calcutta-hc-upholds-wbidcs-transfer-fee-demand-dismisses-appeal.webp "Writ Petition Founded on Misrepresentation and Suppression: Calcutta HC Upholds WBIDC’s Transfer Fee Demand and Dismisses Appeal [Read Order]")
Pre- Existing Dispute Defence Mere "Moonshine": Supreme Court Restores CIRP Admission Against Engineering Company [Read Order]
The Supreme Court has restored the admission of a Section 9 Insolvencyand Bankruptcy Code (IBC) application filed by an appellant, holding that the corporate debtor failed to establish any bona fide...
![Pre- Existing Dispute Defence Mere Moonshine: Supreme Court Restores CIRP Admission Against Engineering Company [Read Order]](https://images.taxscan.in/h-upload/2025/12/16/500x300_2112636-supreme-court-restores-cirp-admission-against-engineering-company-taxscan.webp "Pre- Existing Dispute Defence Mere Moonshine: Supreme Court Restores CIRP Admission Against Engineering Company [Read Order]")
Foreign Exchange Fluctuation Linked to International Transactions is Operating in Nature: Delhi HC Reaffirms [Read Order]
In a recent case, the Delhi High Court reaffirmed that foreign exchange gains or losses arising from international transactions are part of normal business operations and must be treated as...
![Foreign Exchange Fluctuation Linked to International Transactions is Operating in Nature: Delhi HC Reaffirms [Read Order]](https://images.taxscan.in/h-upload/2025/12/18/500x300_2113040-delhi-hc-foreign-exchange-fluctuation-international-transactions-taxscan.webp "Foreign Exchange Fluctuation Linked to International Transactions is Operating in Nature: Delhi HC Reaffirms [Read Order]")
Centre Extends Applicability of Customs Laws to Offshore Mineral Activities in India’s Continental Shelf and EEZ
The Ministry of External Affairs has issued Notification No. G.S.R. 902(E), dated 16 December 2025, extending the applicability of the Customs Act, 1962 and the Customs Tariff Act, 1975 to offshore...
