Application u/s 7 of IBC Acceptable as Exist of Financial Debt and Default: NCLAT [Read Order]
The National Company Law Appellate Tribunal, New Delhi has held that the application under section 7 of the Insolvency and Bankruptcy Code (IBC) is...
![Relief to SBI: ITAT allows Income Tax Deduction on Bad and Doubtful Debts [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/SBI-ITAT-allows-Income-Tax-Deduction-on-Bad-and-Doubtful-Debts-TAXSCAN.jpg "Relief to SBI: ITAT allows Income Tax Deduction on Bad and Doubtful Debts [Read Order]")
![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]")
![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]
The Bombay High Court has held that writ jurisdiction can’t be exercised when an alternate remedy of appeal is available u/s 246 of the Income Tax Act, 1961. Falcon Retreat Private Limited, the...
![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]
The Delhi High Court observed that Interim Moratorium under Section 96 of Insolvency and Bankruptcy Code, 2016 (IBC) for one of the Guarantors would not ipso facto apply against a Co-Guarantor. In...
![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]")