![Deposit of Security under Memorandum of Understanding in absence of Effect of Borrowing Cannot be Categorised as Financial Debt: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/NCLAT-Financial-Debt-Deposit-of-Security-taxscan.jpg "Deposit of Security under Memorandum of Understanding in absence of Effect of Borrowing Cannot be Categorised as Financial Debt: NCLAT [Read Order]")
Deposit of Security under Memorandum of Understanding in absence of Effect of Borrowing Cannot be Categorised as Financial Debt: NCLAT [Read Order]
The New Delhi bench of the National Company Law Appellate Tribunal ( NCLAT) has ruled that, in accordance with section 5(8) of the Insolvency and...
![Failure to Explain Genuineness of Cash Payment for Purchase of Property by Firm: ITAT uphold Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Failure-Genuineness-Cash-Payment-Purchase-Property-Firm-ITAT-Income-Tax-TAXSCAN.jpg "Failure to Explain Genuineness of Cash Payment for Purchase of Property by Firm: ITAT uphold Income Tax Addition [Read Order]")
Imposing Penalty of Five Times of Regular Fee on Non-Fumigation of Timber with Methyl Bromide under PQ Order, 2003 is Unconstitutional: Gujarat HC [Read Judgment]
The Gujarat High Court has recently, while allowing a writ petition, held that imposing penalty of 5 times the regular fees upon the appellants, under Clause 14 (2),Chapter VI of the Plant Quarantine...
![Imposing Penalty of Five Times of Regular Fee on Non-Fumigation of Timber with Methyl Bromide under PQ Order, 2003 is Unconstitutional: Gujarat HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2022/09/Penalty-Gujarat-HC-taxscan.jpeg "Imposing Penalty of Five Times of Regular Fee on Non-Fumigation of Timber with Methyl Bromide under PQ Order, 2003 is Unconstitutional: Gujarat HC [Read Judgment]")
![Prohibition of Import of Mobile Phones with Duplicate / Fake IMEI: CBIC issues SoP [Read Circular]](https://www.taxscan.in/wp-content/uploads/2022/07/Mobile-Phones-Duplicate-Fake-IMEI-CBIC-SoP-taxscan.jpeg "Prohibition of Import of Mobile Phones with Duplicate / Fake IMEI: CBIC issues SoP [Read Circular]")
Registration u/s 12A can’t be denied without Proper Verification of Books of Account: ITAT [Read Order]
The Amritsar bench of the Income Tax Appellate Tribunal (ITAT) has held that registration u/s 12A can’t be denied without proper verification of books of account. The appellant is a society...
![Registration u/s 12A can’t be denied without Proper Verification of Books of Account: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Registration-verification-books-of-account-ITAT-taxscan.jpg "Registration u/s 12A can’t be denied without Proper Verification of Books of Account: ITAT [Read Order]")
MCA notifies date of implementation of Provisions related to Producer Companies [Read Notification]
The Ministry of Corporate Affairs (MCA) notified that the provisions related to Producer Companies under Chapter XXIA to be effective from February 11, 2021 as inserted by Companies (Amendment) Act,...
![MCA notifies date of implementation of Provisions related to Producer Companies [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/02/Producer-Companies-Rules-2021-MCA-implementation-of-Provisions-Producer-Companies-Taxscan.jpeg "MCA notifies date of implementation of Provisions related to Producer Companies [Read Notification]")