NCLT directs Promoter to Refund 7.78 cr for Outstanding Dues from HUF Firm revealed in Forensic Audit
The National Company Law Tribunal (NCLT) Ahmedabad has directed the promoter of Corporate Debtor to refund Rs. 7.78 Crores in lieu of pending...
![Recovery Proceeding under the Income Tax Act must be Against Deductor When fails to pay TAS to Government: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Recovery-Proceeding-Income-Tax-Act-Income-Tax-Tax-income-tax-news-tax-news-Deductor-taxscan.jpg "Recovery Proceeding under the Income Tax Act must be Against Deductor When fails to pay TAS to Government: Delhi HC [Read Order]")
![Revenue Failed to lodge Claim under IBC before RP Notice Demanding Income Tax not valid: Delhi HC Rules in favour of Tata Steel Ltd [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Revenue-lodge-Claim-IBC-RP-Notice-Demanding-Income-Tax-Delhi-HC-Tata-Steel-Ltd-taxscan-1.jpg "Revenue Failed to lodge Claim under IBC before RP Notice Demanding Income Tax not valid: Delhi HC Rules in favour of Tata Steel Ltd [Read Order]")
Disallowance of Claim of Write Off made in individual Entity's Financials Prior to Amalgamation cannot be added as Income in hands of Assessee: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, held that the disallowance of the claim of write-off made in an individual entity's financials prior to amalgamation could not be added as...
![Disallowance of Claim of Write Off made in individual Entitys Financials Prior to Amalgamation cannot be added as Income in hands of Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Disallowance-of-claim-of-write-off-individual-entitys-financials-prior-to-amalgamation-ITAT-INCOME-TAX-INCOME-TAX-ACT-income-in-hands-Disallowance-write-off-TAXSCAN.jpg "Disallowance of Claim of Write Off made in individual Entitys Financials Prior to Amalgamation cannot be added as Income in hands of Assessee: ITAT [Read Order]")
ITAT dismisses Appeal in view the Appointment of Interim Resolution Professional and terms u/s 17 of IBC with granting IRP liberty to file Necessary Application [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the powers of the Board of Directors shall stand suspended and the management of the affairs shall vest with the Interim...
![ITAT dismisses Appeal in view the Appointment of Interim Resolution Professional and terms u/s 17 of IBC with granting IRP liberty to file Necessary Application [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/ITAT-ITAT-dismisses-appeal-appeal-Interim-Resolution-Professional-taxscan.jpg "ITAT dismisses Appeal in view the Appointment of Interim Resolution Professional and terms u/s 17 of IBC with granting IRP liberty to file Necessary Application [Read Order]")
Madras High Court Directs SBI to Pursue IBC Relief before NCLT over Attachment Order as Matter Involves Insolvency & Bankruptcy of Corporate Persons [Read Order]
The High Court of Madras has directed the State Bank of India (SBI) to pursue relief under the Insolvency and Bankruptcy Code, 2016 (IBC) before the National Company Law Tribunal (NCLT). The High...
![Madras High Court Directs SBI to Pursue IBC Relief before NCLT over Attachment Order as Matter Involves Insolvency & Bankruptcy of Corporate Persons [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Madras-High-Court-Directs-SBI-IBC-Relief-IBC-SBI-NCLT-over-Attachment-Order-Insolvency-and-Bankruptcy-of-Corporate-Persons-taxscan.jpg "Madras High Court Directs SBI to Pursue IBC Relief before NCLT over Attachment Order as Matter Involves Insolvency & Bankruptcy of Corporate Persons [Read Order]")
Lein in Corporate Debtor prior to CIRP cannot continue after Moratorium imposed u/s 14of IBC: NCLAT [Read Order]
The National Company Law Tribunal (NCLT), Mumbai Bench, has held that the lien created on the Corporate Debtor’s account prior to initiation of the Corporate Insolvency Resolution Process (“CIRP”)...
Jharkhand HC Rejects ESL Steel’s ITC Claim Prior to the Approval of Resolution Plan by NCLT [Read Order]
The Jharkhand High Court rejected ESL Steel’s Input Tax Credit (ITC) claim prior to the approval of the resolution plan by the National Company Law Tribunal. M/s ESL Steel Limited, the petitioner...
