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![NCLT initiates Bankruptcy proceedings against Anil Ambani for Rs 1,200 Crore Defaults of RCom, RTIL [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/08/NCLT-insolvency-proceedings-Anil-Ambani-Taxscan.jpg "NCLT initiates Bankruptcy proceedings against Anil Ambani for Rs 1,200 Crore Defaults of RCom, RTIL [Read Order]")
NCLT initiates Bankruptcy proceedings against Anil Ambani for Rs 1,200 Crore Defaults of RCom, RTIL [Read Order]
The National Company Law Tribunal (NCLT)'s Mumbai bench has allowed State Bank of India (SBI) to initiate insolvency proceedings against Anil Ambani...
![Bank cannot declare an Account as NPA during Moratorium Period: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/04/WhatsApp-Image-2020-04-15-at-1.03.13-PM.jpeg "Bank cannot declare an Account as NPA during Moratorium Period: Delhi HC [Read Order]")
Provisions for NPAs are Liable to be added back while Computing Book Profit under Section 115JA: Delhi High Court [Read Judgment]
The Delhi High Court has ruled that Provisions for Non Performing Assets (NPA) are liable to be added back while computing book profit under Section 115JA of the Income Tax Act. The Assessee engaged...
![Provisions for NPAs are Liable to be added back while Computing Book Profit under Section 115JA: Delhi High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/02/Delhi-High-Court-Taxscan.jpg "Provisions for NPAs are Liable to be added back while Computing Book Profit under Section 115JA: Delhi High Court [Read Judgment]")
![Interest on Sticky Loans / NPA’s has to be Taxed on Receipt basis: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/Sticky-Loans-Taxscan.jpg "Interest on Sticky Loans / NPA’s has to be Taxed on Receipt basis: ITAT [Read Order]")