Sandhra Suresh
CBDT’s Risk Management NUDGE Flags Bogus Deductions, Urges Voluntary ITR Corrections Before 31 Dec
The Central Board of Direct Taxes ( CBDT ) has launched a campaign under its risk management framework to highlight possible ineligible...
![Failure to Meet NCLT Timelines Justifies Full Forfeiture of Deposits: Supreme Court Rejects Purchaser’s Challenge in Liquidation Sale [Read Order]](https://images.taxscan.in/h-upload/2025/12/23/250x150_2114195-failure-meet-nclt-timelines-justifies-full-forfeiture-deposits-supreme-court-rejects-purchases-challenge-liquidation-sale-taxscan.webp "Failure to Meet NCLT Timelines Justifies Full Forfeiture of Deposits: Supreme Court Rejects Purchaser’s Challenge in Liquidation Sale [Read Order]")
![Audi Alteram Partem Prevails: Kerala HC Holds Failure to Record Statement u/s 108 No Bar to Defence, Sets Aside Penalties in Gold Smuggling Case [Read Order]](https://images.taxscan.in/h-upload/2025/12/23/250x150_2114193-audi-alteram-partem-prevails-kerala-hc-holds-failure-to-record-statement-us-108-no-bar-to-defence-sets-aside-penalties-in-gold-smuggling-case-taxscan.webp "Audi Alteram Partem Prevails: Kerala HC Holds Failure to Record Statement u/s 108 No Bar to Defence, Sets Aside Penalties in Gold Smuggling Case [Read Order]")
![ITAT Grants Major Relief to SRF Limited, Deletes Major Additions and Treats CER & TUF Subsidy Receipts as Capital [Read Order]](https://images.taxscan.in/h-upload/2025/12/23/250x150_2114238-itat-grants-major-relief-to-srf-limited-taxscan.jfif "ITAT Grants Major Relief to SRF Limited, Deletes Major Additions and Treats CER & TUF Subsidy Receipts as Capital [Read Order]")
![ITAT Grants Cummins India ₹210 Cr Relief, Deletes ₹12.7 Cr TP Adjustment, Upholds 10AA & 80JJAA Claims Despite One‑Day Delay in Return Filing [Read Order]](https://images.taxscan.in/h-upload/2025/12/23/250x150_2114187-itat-grants-cummins-india-210-cr-relief-deletes-127-cr-tp-adjustment-claims-despite-oneday-delay-return-filing-taxscan.webp "ITAT Grants Cummins India ₹210 Cr Relief, Deletes ₹12.7 Cr TP Adjustment, Upholds 10AA & 80JJAA Claims Despite One‑Day Delay in Return Filing [Read Order]")
Statements u/s 108 of Customs Act Not Admissible Evidence Without S. 138B Compliance: Kerala HC Sets Aside Penalties in Gold Smuggling Case [Read Order]
The Kerala High Court has refused to interfere with the decision of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) arising from the alleged smuggling of gold through Cochin...
![Statements u/s 108 of Customs Act Not Admissible Evidence Without S. 138B Compliance: Kerala HC Sets Aside Penalties in Gold Smuggling Case [Read Order]](https://images.taxscan.in/h-upload/2025/12/23/500x300_2114178-statements-us-108-of-customs-act-not-admissible-evidence-without-s-138b-compliance-kerala-hc-sets-aside-penalties-in-gold-smuggling-case-taxscan.webp "Statements u/s 108 of Customs Act Not Admissible Evidence Without S. 138B Compliance: Kerala HC Sets Aside Penalties in Gold Smuggling Case [Read Order]")
CD’s Ledger Acknowledgement Negates Claim of Pre‑Existing Dispute: SC Sets Aside NCLAT Order and Restores CIRP u/s 9 [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, by acknowledging the ledger, has...
Non‑Cooperation with RP and Related‑Party Diversions Prove Intent to Defraud Creditors: NCLAT Upholds S.66 Directions Against Directors [Read Order]
The National Company Law Appellate Tribunal (NCLAT), Principal Bench, has upheld an NCLT Kolkata order directing the suspended directors of Dagcon (India) Pvt. Ltd. to contribute over ₹10.54 crore...
![Non‑Cooperation with RP and Related‑Party Diversions Prove Intent to Defraud Creditors: NCLAT Upholds S.66 Directions Against Directors [Read Order]](https://images.taxscan.in/h-upload/2025/12/17/500x300_2112868-non-cooperation-rp-related-party-diversions-prove-intent-defraud-creditors-taxscan.webp "Non‑Cooperation with RP and Related‑Party Diversions Prove Intent to Defraud Creditors: NCLAT Upholds S.66 Directions Against Directors [Read Order]")
Benami Attachment Cannot Breach the “Impregnable Firewall” of NCLT‑Approved Resolution Plan: Madras HC [Read Order]
The Madras High Court, in a recent ruling, has held that the National Company Law Tribunal (NCLT) approved Resolution Plan acts as an impregnable firewall against Benami attachment of an asset...
![Benami Attachment Cannot Breach the “Impregnable Firewall” of NCLT‑Approved Resolution Plan: Madras HC [Read Order]](https://images.taxscan.in/h-upload/2025/12/23/500x300_2114211-benami-attachment-cannot-breach-impregnable-firewall-nclt-approved-resolution-plan-madras-hc-taxscan.webp "Benami Attachment Cannot Breach the “Impregnable Firewall” of NCLT‑Approved Resolution Plan: Madras HC [Read Order]")
Writ Jurisdiction Cannot Override Statutory IBC Process: Calcutta HC Dismisses Guarantors’ Challenge to Personal Insolvency Proceedings [Read Order]
The Calcutta High Court, in a recent judgement, dismissed a writ petition filed by guarantors challenging personal insolvency proceedings initiated against them under Section 95 of the Insolvency...
![Writ Jurisdiction Cannot Override Statutory IBC Process: Calcutta HC Dismisses Guarantors’ Challenge to Personal Insolvency Proceedings [Read Order]](https://images.taxscan.in/h-upload/2025/12/20/500x300_2113347-writ-jurisdiction-override-statutory-ibc-process-calcutta-hc-dismisses-guarantors-challenge-personal-insolvency-proceedings-taxscan.webp "Writ Jurisdiction Cannot Override Statutory IBC Process: Calcutta HC Dismisses Guarantors’ Challenge to Personal Insolvency Proceedings [Read Order]")
![Virtual Service PE Not Recognised under DTAA: Delhi HC Rules in Clifford Chance Case [Read Judgment]](https://images.taxscan.in/h-upload/2025/12/22/500x300_2113868-delhi-hc-rules-clifford-chance-case-taxscan.webp "Virtual Service PE Not Recognised under DTAA: Delhi HC Rules in Clifford Chance Case [Read Judgment]")
Employees’ 44 Workdays fall Below 90‑Day Service PE Threshold under DTAA: Delhi HC Holds Clifford Chance’s Legal Advisory Income Not Taxable [Read Order]
The Delhi High Court in a recent case has ruled in favour of Clifford Chance, holding that the employees' 44 workdays fell below the threshold of 90 days as prescribed under Article 5(6)(a) of the...
![Employees’ 44 Workdays fall Below 90‑Day Service PE Threshold under DTAA: Delhi HC Holds Clifford Chance’s Legal Advisory Income Not Taxable [Read Order]](https://images.taxscan.in/h-upload/2025/12/22/500x300_2113866-delhi-hc-holds-clifford-chances-legal-advisory-income-taxable-taxscan.webp "Employees’ 44 Workdays fall Below 90‑Day Service PE Threshold under DTAA: Delhi HC Holds Clifford Chance’s Legal Advisory Income Not Taxable [Read Order]")