![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...
![No Claim of Refund When Appeal has already been Abated: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Claim-Refund-Appeal-CESTAT-taxscan.jpg "No Claim of Refund When Appeal has already been Abated: CESTAT [Read Order]")
![Delhi HC sets aside Assessment proceedings initiated against a Non-Existent Company [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Delhi-HC-Assessment-proceedings-TAXSCAN.jpg "Delhi HC sets aside Assessment proceedings initiated against a Non-Existent Company [Read Order]")
![Liabilities payable to Central or State Govt in any period prior to Acquisition will be Written Off in full in terms of Resolution Plan as approved by NCLT: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Liabilities-Central-State-Government-acquisition-resolution-plan-NCLT-ITAT-taxscan.jpg "Liabilities payable to Central or State Govt in any period prior to Acquisition will be Written Off in full in terms of Resolution Plan as approved by NCLT: ITAT [Read Order]")
NCLT rejects Amazon's intervention application on Insolvency proceeding against Future Retail Ltd [Read Order]
The Delhi bench of the National Company Law Tribunal (NCLT) rejected Amazon’s intervention application on insolvency proceedings against Future Retail Ltd and ordered insolvency resolution...
![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]")
Claim of Income Tax dues can’t be excessive than the Resolution Plan approved by NCLT: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) Hyderabad bench has held that the claim of Income tax dues can’t be more excessive than the resolution plan approved by NCLT. The assessee filed its...
![Claim of Income Tax dues can’t be excessive than the Resolution Plan approved by NCLT: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Claim-Income-Tax-resolution-plan-NCLT-ITAT-taxscan.jpg "Claim of Income Tax dues can’t be excessive than the Resolution Plan approved by NCLT: ITAT [Read Order]")
NCLT allows IRP Against Personal Guarantor in Absence of CIRP of Corporate Debtor: Supreme Court stays Order [Read Order]
The Supreme Court has stayed the order of the NCLAT in the matter of State Bank of India v. Mahendra Kumar Jajodia, wherein the Appellate Tribunal had settled the widely contended position on whether...
![NCLT allows IRP Against Personal Guarantor in Absence of CIRP of Corporate Debtor: Supreme Court stays Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/IBC-NCLT-IRP-Personal-Guarantor-CIRP-Corporate-Debtor-Supreme-Court-stays-Order-Taxscan.jpeg "NCLT allows IRP Against Personal Guarantor in Absence of CIRP of Corporate Debtor: Supreme Court stays Order [Read Order]")
Company becomes Non-Existent on completion of Liquidation Process: ITAT upholds Overriding effect of IBC over Income Tax Proceedings [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) while quashing the income tax proceedings, held that since the Insolvency and Bankruptcy Code has overriding effect over the income tax...
![Company becomes Non-Existent on completion of Liquidation Process: ITAT upholds Overriding effect of IBC over Income Tax Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Company-completion-Liquidation-ITAT-IBC-Income-Tax-taxscan-2.jpeg "Company becomes Non-Existent on completion of Liquidation Process: ITAT upholds Overriding effect of IBC over Income Tax Proceedings [Read Order]")
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]")
PF Dues are Not the Assets of the Corporate Debtor: NCLAT Directs to Release Full Provident Fund to Ex-Employees [Read Order]
The National Company Law Appellate Tribunal ( NCLAT ) has held that PF dues are not the assets of the Corporate Debtor and directs to release the full provident fund to ex-employees. The...
![PF Dues are Not the Assets of the Corporate Debtor: NCLAT Directs to Release Full Provident Fund to Ex-Employees [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/PF-Dues-PF-Assets-dues-Corporate-Debtor-NCLAT-Full-Provident-Fund-Ex-Employees-Taxscan.jpg "PF Dues are Not the Assets of the Corporate Debtor: NCLAT Directs to Release Full Provident Fund to Ex-Employees [Read Order]")