![Income Tax Liability on Notional Income arose on Resolution Plan due to write back of unpaid dues to Creditors can be waived off: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Income-Tax-Liability-notional-income-resolution-plan-NCLT-taxscan.jpg "Income Tax Liability on Notional Income arose on Resolution Plan due to write back of unpaid dues to Creditors can be waived off: NCLT [Read Order]")
Income Tax Liability on Notional Income arose on Resolution Plan due to write back of unpaid dues to Creditors can be waived off: NCLT [Read Order]
The Mumbai Bench of the National Company Law Tribunal (NCLT) has held that income tax liability on notional income arose on resolution plan due to...
![Provision of IBC prevails over Customs Act on Execution of Moratorium: Supreme Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/IBC-Customs-Act-execution-of-Moratorium-SC-taxscan.jpeg "Provision of IBC prevails over Customs Act on Execution of Moratorium: Supreme Court [Read Order]")
![Income Tax Appeal not Maintainable during the course of IBC Proceedings: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Income-Tax-Appeal-IBC-ITAT-taxscan.jpeg "Income Tax Appeal not Maintainable during the course of IBC Proceedings: ITAT [Read Order]")
![NCLT rejects Amazons intervention application on Insolvency proceeding against Future Retail Ltd [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/NCLT-Amazons-intervention-application-insolvency-proceeding-Future-Retail-Ltd-taxscan.jpg "NCLT rejects Amazons intervention application on Insolvency proceeding against Future Retail Ltd [Read Order]")
![IBBI suspends Insolvency Professional for Demand of Undue Advantage of Rs.20 Lakhs [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/IBBI-Insolvency-Professional-Demand-of-Undue-Advantage.jpg "IBBI suspends Insolvency Professional for Demand of Undue Advantage of Rs.20 Lakhs [Read Order]")
Moratorium under IBC applies to Corporate Debtor Only: Supreme Court upholds NI Act Proceedings against Company Director [Read Judgment]
A three-judge bench of the Supreme Court comprising Justices UU Lalit, S. Ravindra Bhat, and PS Narasimha has reiterated that the moratorium provisions contained in Section 14 of the Insolvency and...
![Moratorium under IBC applies to Corporate Debtor Only: Supreme Court upholds NI Act Proceedings against Company Director [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2022/05/Moratorium-Corporate-Debtor-Supreme-Court-NI-Act-Proceedings-Company-Director-taxscan.jpeg "Moratorium under IBC applies to Corporate Debtor Only: Supreme Court upholds NI Act Proceedings against Company Director [Read Judgment]")
Institution of Suit against Corporate Debtor during Moratorium is Prohibited U/S 14 of the IBC: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) has held that the institution of suit against the corporate debtor during the moratorium period is prohibited under section 14 of the...
![Institution of Suit against Corporate Debtor during Moratorium is Prohibited U/S 14 of the IBC: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Institution-of-Suit-Corporate-Debtor-Moratorium-IBC-ITAT-Taxscan.jpg "Institution of Suit against Corporate Debtor during Moratorium is Prohibited U/S 14 of the IBC: ITAT [Read Order]")
![IBC doesnt apply on Co-Operative Society as it is not a Corporate Person: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/08/NCLT-liquidation-process-CoC-NCLT-Taxscan.jpg "IBC doesnt apply on Co-Operative Society as it is not a Corporate Person: NCLT [Read Order]")
No Need to File Application for Condonation of Delay as Since SC Extended Limitation: NCLAT [Read Order]
The Delhi National Company Law Appellate Tribunal (NCLAT) held that there was no need to file application for condonation of delay as since Supreme Court extended limitation. The appellant, M/s....
![No Need to File Application for Condonation of Delay as Since SC Extended Limitation: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/File-Application-Condonation-Condonation-Of-Delay-Supreme-Court-Extended-Limitation-NCLAT-Taxscan.jpg "No Need to File Application for Condonation of Delay as Since SC Extended Limitation: NCLAT [Read Order]")
Bombay HC quashes SCN to Corporate Debtor, to submit Return for Assessment Year falling prior to approval of Resolution Plan under IBC [Read Order]
The Bombay High Court quashed the show cause notice to Corporate Debtor, to submit return for assessment year falling prior to approval of Resolution Plan under IBC. The petitioner, Murli...
![Bombay HC quashes SCN to Corporate Debtor, to submit Return for Assessment Year falling prior to approval of Resolution Plan under IBC [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/12/Bombay-HC-SCN-Coporate-Debtors-Assessment-year-Resolution-Plan-IBC-Taxscan.jpg "Bombay HC quashes SCN to Corporate Debtor, to submit Return for Assessment Year falling prior to approval of Resolution Plan under IBC [Read Order]")
![Supreme Court upholds provisions of IBC on Corporate Debt Recovery from Personal Guarantors [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/05/Supreme-Court-IBC-Corporate-Debt-Recovery-Personal-Guarantors-taxscan.jpg "Supreme Court upholds provisions of IBC on Corporate Debt Recovery from Personal Guarantors [Read Judgment]")