![ITAT asks Govt to bring out Mechanism to ensure Tax Recovery from ARCs/Banks on Sale of Security Assets [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/ITAT-Mechanism-Tax-Recovery-Tax-ARCs-Banks-Sale-of-Security-Assets-Security-Assets-Sale-Asset-Re-construction-Companies-taxscan.jpg "ITAT asks Govt to bring out Mechanism to ensure Tax Recovery from ARCs/Banks on Sale of Security Assets [Read Order]")
ITAT asks Govt to bring out Mechanism to ensure Tax Recovery from ARCs/Banks on Sale of Security Assets [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Mumbai Bench asked the Government to bring out Mechanism to ensure Tax Recovery from Asset Re...
![Personal Savings of Govt Employee cannot be Suspected: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Personal-Savings-of-Gov-Employee-cannot-be-Suspected-ITAT-Deletes-Addition-TAXSCAN.jpg "Personal Savings of Govt Employee cannot be Suspected: ITAT deletes Addition [Read Order]")
![No Writ Jurisdiction When Alternate Remedy of Appeal available u/s 246 of Income Tax Act: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Writ-Jurisdiction-Alternate-Remedy-Appeal-Income-Tax-Act-Bombay-High-court-Income-Tax-tax-taxscan.jpg "No Writ Jurisdiction When Alternate Remedy of Appeal available u/s 246 of Income Tax Act: Bombay HC [Read Order]")
![Interim Moratorium u/s 96 of IBC for one of the Guarantors would not ipso facto apply against Co-Guarantor: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/IBC-Guarantors-Co-Guarantor-Delhi-HC-taxscan.jpg "Interim Moratorium u/s 96 of IBC for one of the Guarantors would not ipso facto apply against Co-Guarantor: Delhi HC [Read Order]")
No Recovery of Central Excise Duty, Interest, and Penalty without service of Adjudication Order: Calcutta HC [Read Order]
The Single Bench of Calcutta High Court has held that no recovery of central excise duty, interest, and penalty without service of adjudication order. The petitioner, Haldia Petrochemicals Limited...
![No Recovery of Central Excise Duty, Interest, and Penalty without service of Adjudication Order: Calcutta HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Central-Excise-Duty-Interest-Penalty-Adjudication-Order-Calcutta-HC-Taxscan.jpeg "No Recovery of Central Excise Duty, Interest, and Penalty without service of Adjudication Order: Calcutta HC [Read Order]")
CBDT notifies Person responsible for Collection and Payment of Securities Transaction Tax in case of Insurance Company [Read Notification]
The Central Board of Direct Taxes (CBDT) has notified a new provision related to the person responsible for the collection and payment of securities transaction tax in the case of the Insurance...
![CBDT notifies Person responsible for Collection and Payment of Securities Transaction Tax in case of Insurance Company [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/01/CBDT-Payment-of-Securities-Transaction-Tax-Insurance-Company-Taxscan.jpeg "CBDT notifies Person responsible for Collection and Payment of Securities Transaction Tax in case of Insurance Company [Read Notification]")
Persons whose Guarantees stands invoked by Creditors of Corporate Debtor barred from giving Resolution Plan: Supreme Court [Read Judgment]
The Supreme Court held that the Persons whose guarantees stands invoked by the creditors of corporate debtor Barred From Giving Resolution Plan. The respondent, M/s. MBL Infrastructures Limited...
![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]")
![‘Corporate Guarantee’ can be treated as ‘International Transaction’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/12/Corporate-Guarantee-International-Transaction-ITAT-Taxscan.jpg "‘Corporate Guarantee’ can be treated as ‘International Transaction’: ITAT [Read Order]")
Insolvency and Bankruptcy Board of India organises a Workshop on “Committee of Creditors: An Institution of Public Trust”
The Insolvency and Bankruptcy Board of India (IBBI) jointly with the State Bank of India and the Indian Banks’ Association organized a one-day virtual workshop on “Committee of Creditors: An...
Corporate Insolvency Resolution Process under I&B Code is barred if no returns have been filed by the company: NCLT [Read Order]
The National Company Law Tribunal (NCLT) dismissed the application for Corporate Insolvency Resolution Process under Section 10 of Insolvency Bankruptcy Code filed by M/s Neesa Infrastructure Limited...
![Corporate Insolvency Resolution Process under I&B Code is barred if no returns have been filed by the company: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/Corporate-Insolvency-Resolution-Process-NCLT-Taxscan.jpg "Corporate Insolvency Resolution Process under I&B Code is barred if no returns have been filed by the company: NCLT [Read Order]")