The  Mumbai bench  of Income Tax Appellate Tribunal (ITAT) recently directed readjudication with respect to interest paid to the related persons and family members for availing of unsecured loans. The assessee Gallant Freight And Travels Pvt.

The Delhi bench of the National Company Law Appellate Tribunal(NCLAT) held that power to recall is not power of the tribunal to rehear the case , which is the scope of review of judgment. The

The Supreme Court of India in a recent decision ruled that the moratorium under Section 14 of the Insolvency and Bankruptcy Code, 2016 ( IBC ) is not bar to execute a decree against directors/officers

The Income Tax Appellate Tribunal ( ITAT ) confirmed the disallowance of Rs. 15 lakhs for sponsorship fees paid to a trust, as it was deemed to be a personal obligation of the director rather

The Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) has deleted the addition under Section 68 of the Income Tax Act, 1961 after validating the taxpayer's document, affirming the identity and genuineness

The Indore bench of the Income Tax Appellate Tribunal ( ITAT ) has directed re-adjudication due to non-cooperation with income tax assessment proceedings and failure to produce relevant details and records. The assessee has challenged

The Karnataka High Court has held that filing a petition against a partnership firm or its Directors under Section 95 of the Insolvency and Bankruptcy Code, 2016, before the National Company Law Tribunal is not

In a recent case, the Regional Director has singled out the Company Secretary, holding them solely accountable for the company’s adherence to Secretarial Standards and compliance. As defined in Section 2(60) as "Officer who is

 The Ministry of Corporate Affairs ( MCA ) has imposed a penalty of Rs. 7 crore on the company and its directors following a public advertisement for the issuance of securities on a private placement

The Kerala state government has issued an order handing over the Highrich MLM Fraud case investigation to the CBI. The action is based on the recommendation of the DGP. Currently, the investigation is being carried

The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) dismissed the appeal as the jurisdiction challenge of the assessing authority was not filed within one month as per Section 124(3) of the

This weekly round-up analytically summarizes the key stories of the Customs, Excise, and Service Tax Appellate Tribunal ( CESTAT ) reported at taxscan.in, from  March 30, 2024 to April 05 , 2024 Mismatch in Reassessed

This case digest provides comprehensive coverage of violation cases under the Customs Brokers Licensing Regulations, 2018. These regulations, issued by the central government, are designed to regulate customs brokerage activities within a specific jurisdiction. They

The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) directed re-adjudication, ruling that interest on non-recovery of loans falls within the purview of business activity only and not under income from other

The Delhi High Court upheld the Trial Court proceeding of framing charges on finding of containers containing contraband goods in concealed manner seized by the Directorate of Revenue Intelligence ( DRI ). It is the