![Section 130 of GST Act Cannot Be Invoked for Mere Stock Variations Found in Search: Supreme Court [Read Judgement]](https://images.taxscan.in/h-upload/2025/09/09/500x300_2084844-section-130.webp "Section 130 of GST Act Cannot Be Invoked for Mere Stock Variations Found in Search: Supreme Court [Read Judgement]")
Section 130 of GST Act Cannot Be Invoked for Mere Stock Variations Found in Search: Supreme Court [Read Judgement]
The Supreme Court has upheld the ruling of the Allahabad High Court, holding that Section 130 of the GST (Goods and Services Tax) Act cannot be...
![High Courts cannot interfering in SARFAESI proceedings: Punjab & Haryana HC directs to avail remedy before DRAT [Read Order]](https://images.taxscan.in/h-upload/2025/08/09/250x150_2074722-under-sarfaesi-act-initiated-prior-to-filing-petition-nclat-national-company-law-appellate-tribunal-taxscan.webp "High Courts cannot interfering in SARFAESI proceedings: Punjab & Haryana HC directs to avail remedy before DRAT [Read Order]")
![Reassessment Notices Issued by JAO instead of FAO Not Valid: Madras HC Quashes Notices, Permits Revival After SC Verdict on Hexaware Case [Read Order]](https://images.taxscan.in/h-upload/2025/07/19/250x150_2065679-itat-section-148-income-tax-act-reassessment-notice-taxscan-1.webp "Reassessment Notices Issued by JAO instead of FAO Not Valid: Madras HC Quashes Notices, Permits Revival After SC Verdict on Hexaware Case [Read Order]")
![Excise Commissioner’s Order Not Restorable in Absence of Sufficient reason of Non Appearance: CESTAT [Read Order]](https://images.taxscan.in/h-upload/2025/07/15/250x150_2063970-cestat-cestat-kolkata-extended-limitation-taxscan-1.webp "Excise Commissioner’s Order Not Restorable in Absence of Sufficient reason of Non Appearance: CESTAT [Read Order]")
Confession of Co-Accused shall be Considered in Economic Offences: Allahabad HC rejects Bail to GST Fraud Accused [Read Order]
In a recent ruling, the Allahabad High Court refused to grant bail to an accused in the GST (Goods and Services Tax) fraud. The court noted the apex court ruling that the confession of a co-accused...
![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]
The Supreme Court of india recently resolved a nearly five-decade old dispute regarding the undervaluation of the share price of a Chartered Accountancy (CA) firm, ordering the levy of 6% interest...
![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]
The Supreme Court of India recently ruled in favor of Citicorp Finance (India) Limited, holding that a borrower cannot claim consumer protection rights without privity of contract with the lender. ...
![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 FAA's Order [Read Order]
The Chennai Bench of Customs,Excise and Service Tax Appellate Tribunal(CESTAT) dismissed the appeal of the assessee due to inordinate delay beyond the prescribed limitation period, upholding the...
![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...
