Shreya Khandkar
![PNB Seeks Insolvency Resolution Against Rice Mills Over ₹74.35 Crore Outstanding Debt: NCLT Considers Section 7 Plea [Read Order]](https://images.taxscan.in/h-upload/2025/12/31/500x300_2116289-pnb-seeks-insolvency-resolution-against-rice-mills-taxscan.jfif "PNB Seeks Insolvency Resolution Against Rice Mills Over ₹74.35 Crore Outstanding Debt: NCLT Considers Section 7 Plea [Read Order]")
PNB Seeks Insolvency Resolution Against Rice Mills Over ₹74.35 Crore Outstanding Debt: NCLT Considers Section 7 Plea [Read Order]
The Allahabad Bench of National Company Law Tribunal (NCLT) moved Punjab National Bank (PNB) to initiate CIRP Proceedings under section 7 against...
![Accident Surcharge Not Insurance Service: CESTAT Sets aside Rs 2.2 Crore Service Tax Demand on Rajasthan SRTC [Read Order]](https://images.taxscan.in/h-upload/2026/01/01/250x150_2116412-accident-surcharge-not-insurance-service-taxscan.webp "Accident Surcharge Not Insurance Service: CESTAT Sets aside Rs 2.2 Crore Service Tax Demand on Rajasthan SRTC [Read Order]")
![Third-Party Ledger Entry Insufficient Basis for Tax Addition: ITAT Deletes ₹5.5 Lakh Addition under section 69A [Read Order]](https://images.taxscan.in/h-upload/2025/12/31/250x150_2116294-income-tax-addition-taxscan-.jfif "Third-Party Ledger Entry Insufficient Basis for Tax Addition: ITAT Deletes ₹5.5 Lakh Addition under section 69A [Read Order]")
![On-Money Addition Unsustainable for Post-Search Property Purchase: ITAT Deletes ₹23 Lakh Unexplained Investment Addition [Read Order]](https://images.taxscan.in/h-upload/2025/12/31/250x150_2116174-on-money-addition-unsustainable-post-search-property-purchase-itat-deletes-23-lakh-unexplained-investment-addition-taxscan.webp "On-Money Addition Unsustainable for Post-Search Property Purchase: ITAT Deletes ₹23 Lakh Unexplained Investment Addition [Read Order]")
![Interest on Enhanced Land Acquisition Compensation Taxable as Income from Other Sources Post-2010 Amendment: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/12/30/250x150_2116009-income-from-other-sources-post-2010-amendment-itat-taxscan.webp "Interest on Enhanced Land Acquisition Compensation Taxable as Income from Other Sources Post-2010 Amendment: ITAT [Read Order]")
PNB Appeal Succeeds: DRAT Sets Aside Tribunal Order Over Procedural Compliance in SARFAESI Possession Notice [Read Order]
The Allahabad Bench of Debt Recovery Appellate Tribunal (DRAT), allowed Punjab National Bank’s (PNB) appeal, holding that the date discrepancy in the possession notice was a harmless typographical...
![PNB Appeal Succeeds: DRAT Sets Aside Tribunal Order Over Procedural Compliance in SARFAESI Possession Notice [Read Order]](https://images.taxscan.in/h-upload/2025/12/30/500x300_2115849-pnb-appeal-succeeds-drat-sets-aside-tribunal-order-over-procedural-compliance-sarfaesi-possession-notice-taxscan.webp "PNB Appeal Succeeds: DRAT Sets Aside Tribunal Order Over Procedural Compliance in SARFAESI Possession Notice [Read Order]")
SBI Appeal Allowed: Borrowers Not Entitled to Compensation Under SARFAESI Section 19 Without Actual Possession, Rules DRAT [Read Order]
The Debt RecoveryAppellate Tribunal (DRAT) held that compensation under Section 19 of the SARFAESI Act was payable only if physical/actual possession of secured assets was taken and found unlawful...
![SBI Appeal Allowed: Borrowers Not Entitled to Compensation Under SARFAESI Section 19 Without Actual Possession, Rules DRAT [Read Order]](https://images.taxscan.in/h-upload/2025/12/30/500x300_2115827-sbi-appeal-allowed-borrowers-entitled-compensation-sarfaesi-section-19-actual-possession-rules-drat-taxscan.webp "SBI Appeal Allowed: Borrowers Not Entitled to Compensation Under SARFAESI Section 19 Without Actual Possession, Rules DRAT [Read Order]")
Fraudulent Transactions Fall Under 'Debt' Definition: DRAT Dismisses Appeal Against South Indian Bank's Debt Recovery Case
The Allahabad Bench of Debt Recovery Appellate Tribunal (DRAT), held that amounts fraudulently withdrawn in collusion with bank officials constitute “debt” under the Recovery of Debts and Bankruptcy...
Delay in Challenging Ex-Parte Decree Not Condoned: DRAT upholds Recovery Order against Borrowers [Read Order]
The Allahabad Bench of Debt Recovery Appellate Tribunal (DRAT) upheld the Debt Recovery Tribunal’s (DRT) ex-parte recovery decree passed in favour of HUDCO after borrowers repeatedly failed to file...
![Delay in Challenging Ex-Parte Decree Not Condoned: DRAT upholds Recovery Order against Borrowers [Read Order]](https://images.taxscan.in/h-upload/2025/12/29/500x300_2115557-delay-challenging-ex-parte-decree-condoned-drat-upholds-recovery-order-against-borrowers-taxscan.webp "Delay in Challenging Ex-Parte Decree Not Condoned: DRAT upholds Recovery Order against Borrowers [Read Order]")
ITAT Quashes Assessment Over Contradictory Search Details and Non-Application of Mind, Invalidates Reassessment Proceedings [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) quashed reassessment orders for Assessment Years (A.Y) 2016-17 and 2019-20 after noting contradictory search details from the notices and...
![ITAT Quashes Assessment Over Contradictory Search Details and Non-Application of Mind, Invalidates Reassessment Proceedings [Read Order]](https://images.taxscan.in/h-upload/2025/12/29/500x300_2115552-itat-quashes-assessment-over-contradictory-search-details-taxscan.webp "ITAT Quashes Assessment Over Contradictory Search Details and Non-Application of Mind, Invalidates Reassessment Proceedings [Read Order]")
Illness of Working Partner Sufficient Ground to Condone Delay in GST Appeal: Calcutta HC Sets Aside Appellate Order [Read Order]
The Calcutta High Court condoned the delay in filing a Goods and Services Tax (GST) appeal, accepting illness of the working partner as a valid cause supported by evidence and held that the...
![Illness of Working Partner Sufficient Ground to Condone Delay in GST Appeal: Calcutta HC Sets Aside Appellate Order [Read Order]](https://images.taxscan.in/h-upload/2025/12/27/500x300_2115246-illness-working-partner-sufficient-ground-condone-delay-gst-appeal-calcutta-hc-sets-aside-appellate-order-taxscan.webp "Illness of Working Partner Sufficient Ground to Condone Delay in GST Appeal: Calcutta HC Sets Aside Appellate Order [Read Order]")
