Sandhra Suresh
Functional Dissimilarity Justifies Exclusion of Comparables: Delhi HC Dismisses Revenue’s Transfer Pricing Appeal [Read Order]
The Delhi High Court has recently ruled that functional dissimilarity is a ground for the exclusion of comparables and thus dismissed the revenues...
![Andhra Pradesh HC Sets Aside 18% GST Levy on Public Road Works, Orders Fresh Assessment Based on IALA Certificate [Read Order]](https://images.taxscan.in/h-upload/2026/01/03/250x150_2116909-andhra-pradesh-high-court-gst-ruling-taxscan.webp "Andhra Pradesh HC Sets Aside 18% GST Levy on Public Road Works, Orders Fresh Assessment Based on IALA Certificate [Read Order]")
![Failure to Serve Annual Report Breaches S.136: MCA Imposes ₹25K Penalty on Company and ₹5k Each on Directors [Read Order]](https://images.taxscan.in/h-upload/2026/01/03/250x150_2116893-failure-serve-annual-report-breaches-mca-imposes-penalty.webp "Failure to Serve Annual Report Breaches S.136: MCA Imposes ₹25K Penalty on Company and ₹5k Each on Directors [Read Order]")
![Refund Adjustment against stayed Income Tax Demand Violates S.220(6) of Income Tax Act: Calcutta HC [Read Order]](https://images.taxscan.in/h-upload/2026/01/03/250x150_2116894-refund-adjustment-against-stayed-income-tax-demand-taxscan.jfif "Refund Adjustment against stayed Income Tax Demand Violates S.220(6) of Income Tax Act: Calcutta HC [Read Order]")
![Conditional Repayment Linked to Project Completion Not Financial Debt: NCLAT upholds NCLT’s Rejection of Insolvency Petition [Read Order]](https://images.taxscan.in/h-upload/2026/01/02/250x150_2116697-conditional-repayment-linked-project-completion-not-financial-debt-nclat-upholds-nclts-rejection-insolvency-petition-taxscan.webp "Conditional Repayment Linked to Project Completion Not Financial Debt: NCLAT upholds NCLT’s Rejection of Insolvency Petition [Read Order]")
Pre‑Existing Disputes on Supply & Assignment: NCLAT upholds NCLT’s Dismissal of K-sure’s S 9 Petition [Read Order]
The principal bench of National Company Law Appellate Tribunal (NCLAT), New Delhi has dismissed the appeal filed by Korea Trade Insurance Corporation (K-Sure), the appellant, against the respondent...
![Pre‑Existing Disputes on Supply & Assignment: NCLAT upholds NCLT’s Dismissal of K-sure’s S 9 Petition [Read Order]](https://images.taxscan.in/h-upload/2026/01/02/500x300_2116732-preexisting-disputes-on-supply-assignment-nclat-upholds-nclts-dismissal-of-k-sures-s-9-petition-taxscan.webp "Pre‑Existing Disputes on Supply & Assignment: NCLAT upholds NCLT’s Dismissal of K-sure’s S 9 Petition [Read Order]")
Belated Proforma Invoice for Consultancy Cannot Override Financial Debt: NCLAT Upholds NCLT's Section 7 Admission [Read Order]
The National Company Law Appellate Tribunal (NCLAT) has, in a recent case, upheld section 7 admission against the corporate debtor (CD) and held that a belated proforma invoice claiming consultancy...
![Belated Proforma Invoice for Consultancy Cannot Override Financial Debt: NCLAT Upholds NCLTs Section 7 Admission [Read Order]](https://images.taxscan.in/h-upload/2026/01/02/500x300_2116705-belated-proforma-invoice-consultancy-cannot-override-financial-debt-nclat.webp "Belated Proforma Invoice for Consultancy Cannot Override Financial Debt: NCLAT Upholds NCLTs Section 7 Admission [Read Order]")
Balance Sheet Entries as ‘Other Long-Term Liabilities’ Confirm Financial Debt u/s 5(8): NCLAT [Read Order]
The National Company Law Appellate Tribunal (NCLAT) has held that consistent balance sheet entries under “other long-term liabilities” are credible indicators of financial debt under Section 5(8)...
![Balance Sheet Entries as ‘Other Long-Term Liabilities’ Confirm Financial Debt u/s 5(8): NCLAT [Read Order]](https://images.taxscan.in/h-upload/2026/01/02/500x300_2116723-balance-sheet.webp "Balance Sheet Entries as ‘Other Long-Term Liabilities’ Confirm Financial Debt u/s 5(8): NCLAT [Read Order]")
GST ITC Refund Restricted to Direct Supply of Electricity to Bangladesh: AP High Court Rules SEIL’s Supplies Via PTC Domestic [Read Order]
The Andhra Pradesh High Court has ruled that Goods and Services Tax (GST) Input Tax Credit (ITC) refund can only be claimed upon direct supply of electricity to Bangladesh Power Development Board...
![GST ITC Refund Restricted to Direct Supply of Electricity to Bangladesh: AP High Court Rules SEIL’s Supplies Via PTC Domestic [Read Order]](https://images.taxscan.in/h-upload/2026/01/02/500x300_2116679-gst-itc-refund-restricted-direct-supply-electricity-bangladesh-ap-high-court.webp "GST ITC Refund Restricted to Direct Supply of Electricity to Bangladesh: AP High Court Rules SEIL’s Supplies Via PTC Domestic [Read Order]")
Share Allotment before Receipt of Application Money Violates S 42: MCA Imposes ₹2.89 Lakh Penalty on Company and Directors [Read Order]
The Ministry of Corporate Affairs (MCA) has imposed penalties on a company and its directors for Section 42(10) of the Companies Act, 2013, relating to private placement of securities The MCA received...
![Share Allotment before Receipt of Application Money Violates S 42: MCA Imposes ₹2.89 Lakh Penalty on Company and Directors [Read Order]](https://images.taxscan.in/h-upload/2026/01/02/500x300_2116689-share-allotment-before-receipt-application-money-violates-mca-imposes-penalty-company-directors.webp "Share Allotment before Receipt of Application Money Violates S 42: MCA Imposes ₹2.89 Lakh Penalty on Company and Directors [Read Order]")
Satisfaction Note without Date Supplied to Petitioner after 2 years : Gujarat HC Quashes Notice u/s 153C of Income Tax Act [Read Order]
The Gujarat high court has quashed notices and associated proceedings under section153c of the Income Tax Act citing that the satisfaction note supplied by the jurisdictional officer doesn’t bear a...
![Satisfaction Note without Date Supplied to Petitioner after 2 years : Gujarat HC Quashes Notice u/s 153C of Income Tax Act [Read Order]](https://images.taxscan.in/h-upload/2026/01/02/500x300_2116666-satisfaction-note-without-date-supplied-to-petitioner-after-2-years-gujarat-hc-quashes-notice-us-153c-of-income-tax-act-taxscan.webp "Satisfaction Note without Date Supplied to Petitioner after 2 years : Gujarat HC Quashes Notice u/s 153C of Income Tax Act [Read Order]")
![Registered Office Default Since 2019: MCA Imposes Penalty on Company and Its Directors [Read Order]](https://images.taxscan.in/h-upload/2026/01/02/500x300_2116687-registered-office-default-since-2019-mca-imposes-penalty-company-its-directors-taxscan.webp "Registered Office Default Since 2019: MCA Imposes Penalty on Company and Its Directors [Read Order]")