NCLAT Quashes Resolution Plan for Violating IBC Provisions & Ignoring Government Dues
The Delhi bench of the National Company Law Appellate Tribunal (NCLAT) quashed a resolution plan for Twenty-First Century Castings Pvt. Ltd., noting ...
![Confession of Co-Accused shall be Considered in Economic Offences: Allahabad HC rejects Bail to GST Fraud Accused [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Allahabad-High-court-Allahabad-HC-rejects-Bail-to-GST-Fraud-Accused-TAXSCAN.jpg "Confession of Co-Accused shall be Considered in Economic Offences: Allahabad HC rejects Bail to GST Fraud Accused [Read Order]")
![Supreme Court Ends 50-Year Dispute on CA Firm’s Undervaluation of Shares: Grants 6% Simple Interest from 1975 and 9% Interest Post-Decree [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2025/04/Supreme-Court-CA-firm-share-valuation-dispute-TAXSCAN.jpg "Supreme Court Ends 50-Year Dispute on CA Firm’s Undervaluation of Shares: Grants 6% Simple Interest from 1975 and 9% Interest Post-Decree [Read Judgment]")
![Borrower cannot Enforce Consumer Rights Without Privity of Contract: Supreme Court Grants Relief to Citicorp Finance (India) Limited [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Supreme-Court-ruling-Consumer-protection-Citicorp-Finance-taxscan.jpg "Borrower cannot Enforce Consumer Rights Without Privity of Contract: Supreme Court Grants Relief to Citicorp Finance (India) Limited [Read Order]")
![CESTAT Dismisses Appeal Due to Inordinate Delay Beyond Limitation Period, Upholding FAAs Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/CESTAT-CESTAT-Dismisses-Appeal-Appeal-Due-Inordinate-Delay-Limitation-Period-Upholding-FAAs-Order-FAAs-Order-taxscan.jpg "CESTAT Dismisses Appeal Due to Inordinate Delay Beyond Limitation Period, Upholding FAAs Order [Read Order]")
Directors Not Automatically Liable for Company’s Wrongful Acts without Direct Involvement: SC Rules in Favor of Tata Realty Directors [Read Judgment]
The Supreme Court has ruled that directors of a company cannot be held vicariously liable for wrongful acts unless there is clear evidence of their direct involvement in the alleged offence. The...
Payment slip will not establish retention allowance as part of salary in absence of supporting documents: NCLAT [Read Order]
In a recent case, the Chennai bench of the National Company Law Appellate Tribunal (NCLAT) observed that payment slip will not establish retention allowance as part of salary in the absence of...
Government should provide Extra Staff to DRT when imposing Additional Workload to Prevent Disruption of Activities: Supreme Court [Read Judgement]
The Supreme Court of India recently advised the Central Government to allocate additional judicial staff for Debt Recovery Tribunals ( DRT ) when added workload is imposed on the Tribunals in...
No Appeal under Section 61 may be Filed Against an Order which is not Covered by Part II of I & B Code: NCLAT [Read Order]
The Chennai bench of the National Company Law Appellate Tribunal (NCLAT) held that since the Impugned Order does not fall to be a part of any of the orders contemplated under part II of the...
Reply to Communication issued for TRAN 1 Verification as per Section 76 of CGST Act [Find Draft Format Here]
The Goods and Services Tax ( GST ) regime was introduced in 2017, marking a transformative era in the indirect taxation landscape of the nation. The new framework aimed to unify multiple tax...
![Reply to Communication issued for TRAN 1 Verification as per Section 76 of CGST Act [Find Draft Format Here]](https://www.taxscan.in/wp-content/uploads/2025/01/GST-Goods-and-Services-Tax-TRAN-1-verification-reply-format-Section-76-of-CGST-Act-TAXSCAN.jpg "Reply to Communication issued for TRAN 1 Verification as per Section 76 of CGST Act [Find Draft Format Here]")
Eligibility of Interest Income for Deduction u/s 80P(2)(d) of Income Tax Act: ITAT Upholds CIT(A)'s Order [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the Commissioner of Income Tax(Appeals)[CIT(A)]'s order granting relief on the eligibility of interest income for deduction under...
![Eligibility of Interest Income for Deduction u/s 80P(2)(d) of Income Tax Act: ITAT Upholds CIT(A)s Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Income-Tax-ITAT-Kolkata-Income-Tax-Appellate-Tribunal-TAXSCAN.jpg "Eligibility of Interest Income for Deduction u/s 80P(2)(d) of Income Tax Act: ITAT Upholds CIT(A)s Order [Read Order]")
Bombay HC restricts Canara Bank from including Tax Lawyer’s name in CIBIL List of ‘Wilful Defaulters’
The Bombay High Court recently ordered a stay, restricting Canara Bank from undertaking further steps to include arraigned taxation lawyer Anil Harish’s name in the list of wilful defaulters...
