Realisation of Debt due by Company is possible even if company stands dissolved u/s 250 of the Companies Act: DRAT
The Delhi bench of the Debts Recovery Appellate Tribunal (DRAT) has observed that even if the company stands dissolved under Section 250 of the...
![Supreme Court & High Courts Weekly Round-up [ June 28th to July 5th, 2025]](https://images.taxscan.in/h-upload/2025/07/05/250x150_2059509-supreme-court-high-courts-weekly-round-up-taxscan.webp "Supreme Court & High Courts Weekly Round-up [ June 28th to July 5th, 2025]")
![RBI Amends FEMA Regulations to Permit Temporary Export of Offshore Support Vessels with Re-import Requirement [Read Notification]](https://images.taxscan.in/h-upload/2025/07/05/250x150_2059490-reserve-bank-of-india-foreign-exchange-management-act-temporary-export-taxscan.webp "RBI Amends FEMA Regulations to Permit Temporary Export of Offshore Support Vessels with Re-import Requirement [Read Notification]")
SCN and OIO under Customs not Served to Tapioca Exporter: Madras HC Grants Opportunity for Hearing and Production of BRCs or CA Certificate [Read Order]
The Madras High Court has quashed an ex-parte order passed by the Customs Department. It found that the order-in-original and show cause notice was served to the exporter. The court allowed...
![SCN and OIO under Customs not Served to Tapioca Exporter: Madras HC Grants Opportunity for Hearing and Production of BRCs or CA Certificate [Read Order]](https://images.taxscan.in/h-upload/2025/07/05/500x300_2059406-ca-certificate.webp "SCN and OIO under Customs not Served to Tapioca Exporter: Madras HC Grants Opportunity for Hearing and Production of BRCs or CA Certificate [Read Order]")
Life Membership Fee received by Private Club is Capital Receipt, Not Taxable to Income: Madras HC [Read Order]
The Madras High Court recently clarified that life membership fees collected by private clubs are classifiable as capital receipt and not revenue receipt, thus not being taxable to the income of...
![Life Membership Fee received by Private Club is Capital Receipt, Not Taxable to Income: Madras HC [Read Order]](https://images.taxscan.in/h-upload/2025/07/05/500x300_2059373-capital-receipt-1.webp "Life Membership Fee received by Private Club is Capital Receipt, Not Taxable to Income: Madras HC [Read Order]")
Mere Typographical error in demand notice would not invalidate recovery proceedings Initiated by Union Bank of India: DRT [Read Order]
The Lucknow bench of the Debts Recovery Tribunal (DRT) has held that mere typographical error in demand notice would not invalidate recovery proceedings initiated by the respondent bank , Union...
![Mere Typographical error in demand notice would not invalidate recovery proceedings Initiated by Union Bank of India: DRT [Read Order]](https://images.taxscan.in/h-upload/2025/07/05/500x300_2059368-union-bank-india-taxscan.webp "Mere Typographical error in demand notice would not invalidate recovery proceedings Initiated by Union Bank of India: DRT [Read Order]")
Let Your Children Shine: NFO to Host Biggest National Finance Olympiad for Classes 5 to 12, Register Now!
The National Finance Olympiad (NFO) conducts India’s Biggest Finance Olympiad for students from Grades 5 to 12, empowering them with real-world financial knowledge. Through this Olympiad, students...
