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![Income of a Revocable Trust is Taxable in the Hands of Contributors: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Revocable-Trust-ITAT-ITAT-Mumbai-Taxscan.jpeg "Income of a Revocable Trust is Taxable in the Hands of Contributors: ITAT [Read Order]")
Income of a Revocable Trust is Taxable in the Hands of Contributors: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that the income of a revocable trust is taxable in the hands of the...
![Persons whose Guarantees stands invoked by Creditors of Corporate Debtor barred from giving Resolution Plan: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2022/01/Persons-Guarantees-Creditors-Corporate-debtor-Corporate-debtor-Barred-Giving-Resolution-Plan-Supreme-Court-Taxscan.jpg "Persons whose Guarantees stands invoked by Creditors of Corporate Debtor barred from giving Resolution Plan: Supreme Court [Read Judgment]")
Govt. notifies Reduction in Loan limit for Debt Recovery for NBFCs from Rs.50 Lakhs to 20 Lakhs [Read Notification]
The government notified the reduction in loan limit for debt recovery for NBFCs from Rs.50 Lakhs to 20 Lakhs. The Government sought to amend the notification no. 856 (E), dated the 24th February,...
DRAT can’t entertain Appeals under SARFAESI Act without making mandated Pre-deposit of 50% of Loan Amount: SC [Read Judgment]
The Supreme Court has ordered that the Debt Recovery Appellate Tribunal (DRAT) cannot entertain appeals under Securitisation and Reconstruction of Financial Assets and Enforcement of Security...
![DRAT can’t entertain Appeals under SARFAESI Act without making mandated Pre-deposit of 50% of Loan Amount: SC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2019/10/Service-Tax-Supreme-Court-Taxscan.jpg "DRAT can’t entertain Appeals under SARFAESI Act without making mandated Pre-deposit of 50% of Loan Amount: SC [Read Judgment]")
![No Bar of Appointment of Advocates as Receivers under SARFAESI Act: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/SARFAESI-Act-Delhi-High-Court-Taxscan.jpg "No Bar of Appointment of Advocates as Receivers under SARFAESI Act: Delhi HC [Read Order]")
Insolvency and Bankruptcy Code Improves Resolution Process: Registering a 4-Fold Decline in Resolution Time
The Economic Survey 2019-20 highlights that The Insolvency and Bankruptcy Code (IBC) has improved the resolution process in India compared to the earlier measures. The IBC proceedings take 340 days on...
