Writ Petition against scheduled e-auction Delayed due to Closure of NCLT: Delhi HC allows to Approach NCLT [Read Order]
The Delhi High Court allowed the petitioner assessee to approach the National Company Law Tribunal ( NCLT ) as the assessee was not appealing...
![Approval of Resolution Plan by NCLT Abates appeals before CESTAT: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/CESTAT-Chandigarh-NCLT-National-Company-Law-Tribunal-NCLT-resolution-plan-approval-NCLT-decision-on-appeals-Taxscan.jpg "Approval of Resolution Plan by NCLT Abates appeals before CESTAT: CESTAT [Read Order]")
PSBs have not Recovered even ₹1 vs ₹5 Written Off in Last Nine Years: Finance Ministry clarifies in Lok Sabha
The Finance Ministry clarified before the Lok Sabha that the Public Sector Banks (PSB) have not recovered even ₹1 vs ₹5 written off in the last nine years.The Minister did not name individual...
Recovery Proceeding under the Income Tax Act must be Against Deductor When fails to pay TAS to Government: Delhi HC [Read Order]
The Delhi High Court has held that recovery proceedings under Income Tax Act, 1961 must be against the deductor when fails to pay Tax at Source (TAS) to the Government. It was made clear that no...
![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]
In the case of Tata Steel Limited, the Delhi High Court held that revenue failed to lodge a claim under the Insolvency Bankruptcy Code (IBC) before the Resolution Process(RP) notice demanding income...
![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]")