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Patna HC Quashes Time-Barred VAT Reassessment Order, Holds Revenue Acted Beyond Jurisdiction [Read Order]

Saagarika Gopinath

The Patna High Court quashed the time-barred VAT reassessment order, holding that the revenue acted beyond its jurisdiction. In this case, the...

NCLT dismisses Canara Bank's Application u/s 95 of IBC on Failure to Prove Claimed Debt of 43 Cr...

Telangana HC Dismisses State Bank of India's Writ Plea: Upholds Auction Invalidation Over SARFAESI...

Invalidating Sale on ground processing of valuation report as per SARFAESI Act is not Maintainable...

Delayed Service of GST Notice Hardcopy: Madras HC Condones 142-Day Delay and Allows Tax Appeal [Read...

Absence of Formal Demand Notice for Property Tax Does not Let off Assessee's Obligation to Pay: Kerala HC [Read Order]

The Kerala High Court ruled that the assessee is still obligated to pay property taxes even if there isn't a formal demand notice for them while the case is pending. The Division Bench,...

Advance Payments made by Receiver of Goods is also an Operational Creditor: NCLT [Read Order]

The National Company Law Tribunal (NCLT), Chandigarh bench held that the receiver of goods who has made advance payments for the goods purchased is also an Operational Creditor. Operating under...

Bata India Receives Income Tax Demand Over Alleged Under-Reporting of Income

Footwear giant Bata India Limited has disclosed to stock exchanges that it has received an Assessment Order and Demand Notice from the Income Tax Department’s Assessment Unit under Section 156 of the...

Stamping of Invoices Does Not Imply Acceptance of Debt: NCLAT [Read Order]

The National Company Law Appellate Tribunal (NCLAT) New Delhi bench has held that mere stamping of tax/proforma invoices at the site office by lower functionaries of the corporate debtor only...

Revised Property Tax for Past 3 Years to be paid by Building Owners Liable after Adjusting Already Paid Amount: Kerala HC [Read Order]

The Kerala High Court ruled that after deducting the amount of property tax already paid, building owners may be held accountable for paying the annual property tax requested in the...

Relief to Castrol India Ltd, Withholding Tax Refunds beyond Prescribed Period without Any Justification Violates S. 55 of JVAT Act: Jharkhand HC [Read Order]

In a ruling in favour of Catrol India Ltd, the Jharkhand High Court ruled that when tax refunds are withheld past the legally mandated time frame without sufficient explanation, Section 55 of the...

Advance Payment Received by Corporate Debtor for Future Supply of Goods is Operational Debt Under IBC: NCLT [Read Order]

The National Company Law Tribunal ( NCLT ) Mumbai has held that the payment received in advance by the Corporate Debtor for the future supply of goods constitutes an operational debt. Read More:...