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![Petition u/s 7 of IBC is not barred by Institution of Criminal Proceedings against Officials of Financial Creditor: NCLT allows Application of Canara Bank [Read Order]](https://images.taxscan.in/h-upload/2025/09/25/500x300_2090968-2067031-canara-bank-dispute-taxscan.webp "Petition u/s 7 of IBC is not barred by Institution of Criminal Proceedings against Officials of Financial Creditor: NCLT allows Application of Canara Bank [Read Order]")
Petition u/s 7 of IBC is not barred by Institution of Criminal Proceedings against Officials of Financial Creditor: NCLT allows Application of Canara Bank [Read Order]
In a recent case, while admitting the application filed by Canara Bank, the Cuttack bench of the National Company Law Tribunal (NCLT) has held ...
![ITAT upholds CIT(A)s decision to delete Rs.3,08,11,278 penalty u/s 271(1)(c) as Quantum of Addition No Longer Exists [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Penalty-Jurisdiction-ITAT-taxscan.jpg "ITAT upholds CIT(A)s decision to delete Rs.3,08,11,278 penalty u/s 271(1)(c) as Quantum of Addition No Longer Exists [Read Order]")
![Replacement of broken and damaged gear box of furnace klin is current repairs u/s 31(1): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Replacement-broken-and-damaged-gear-box-furnace-klin-ITAT-taxscan.jpeg "Replacement of broken and damaged gear box of furnace klin is current repairs u/s 31(1): ITAT [Read Order]")
![GST Arrears Recovery: No Coercive Action during Pendency of Writ Petition, says Orissa HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/GST-Arrears-Recovery-Coercive-Action-Pendency-Writ-Petition-TAXSCAN.jpg "GST Arrears Recovery: No Coercive Action during Pendency of Writ Petition, says Orissa HC [Read Order]")
![Claim of exemption u/s 10(38) of IT Act for LTCG from sale of equity shares before assessment proceedings is valid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/for-LTCG-from-sale-of-equity-shares-before-assessment-proceedings-is-valid-ITAT-TAXSCAN.jpg "Claim of exemption u/s 10(38) of IT Act for LTCG from sale of equity shares before assessment proceedings is valid: ITAT [Read Order]")
![Salary allowable as Expenditure When Calculation Sheets on Pay Revision available: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Salary-Calculation-Sheets-on-Pay-Revision-ITAT-TAXSCAN.jpg "Salary allowable as Expenditure When Calculation Sheets on Pay Revision available: ITAT [Read Order]")
![Sale of Usable Products and not Scrap: ITAT cancels TCS liability [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Sale-Products-Scrap-ITAT-TCS-liability-TAXSCAN.jpeg "Sale of Usable Products and not Scrap: ITAT cancels TCS liability [Read Order]")
Proprietor of Institution need not possess a Qualified Professional Degree for applying Provisions of S. 44AD: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Cuttack bench has held that in order to apply the provisions of section 44AD of the Income Tax Act, 1961, there is no requirement that the proprietor of the...
![Proprietor of Institution need not possess a Qualified Professional Degree for applying Provisions of S. 44AD: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/ITAT-Proprietor-Taxscan.jpg "Proprietor of Institution need not possess a Qualified Professional Degree for applying Provisions of S. 44AD: ITAT [Read Order]")