![Moratorium under IBC applies to Corporate Debtor Only: Supreme Court upholds NI Act Proceedings against Company Director [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2022/05/Moratorium-Corporate-Debtor-Supreme-Court-NI-Act-Proceedings-Company-Director-taxscan.jpeg "Moratorium under IBC applies to Corporate Debtor Only: Supreme Court upholds NI Act Proceedings against Company Director [Read Judgment]")
Moratorium under IBC applies to Corporate Debtor Only: Supreme Court upholds NI Act Proceedings against Company Director [Read Judgment]
A three-judge bench of the Supreme Court comprising Justices UU Lalit, S. Ravindra Bhat, and PS Narasimha has reiterated that the moratorium...
![Delhi HC quashes Sec 153A Assessments on ground of non-abated Assessments [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Section-153A-of-the-Income-Tax-Act-Delhi-High-Court-S.-153A-Assessments-non-abated-Assessments-Taxscan.jpeg "Delhi HC quashes Sec 153A Assessments on ground of non-abated Assessments [Read Order]")
![Loss due to Exchange Fluctuation is Revenue Expenditure: Supreme Court grants Relief to Wipro [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2022/04/Loss-due-to-Exchange-Fluctuation-Revenue-Expenditure-Supreme-Court-Relief-to-Wipro.jpeg "Loss due to Exchange Fluctuation is Revenue Expenditure: Supreme Court grants Relief to Wipro [Read Judgment]")
![Appeal Delayed due to Medical Grounds and Lack of Proper Legal Advise: ITAT condones Delay of 4 Years [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Appeal-Medical-Grounds-Lack-of-Proper-Legal-Advise-ITAT.jpg "Appeal Delayed due to Medical Grounds and Lack of Proper Legal Advise: ITAT condones Delay of 4 Years [Read Order]")
![No Deemed Registration in case of Non-deciding of S. 12AA Application: Supreme Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Deemed-Registration-Supreme-Court-Taxscan.jpeg "No Deemed Registration in case of Non-deciding of S. 12AA Application: Supreme Court [Read Order]")
SAD Refund allowable to Importer even if Rate of VAT/Sales Tax is Lower than Rate of SAD or Nil: CESTAT [Read Order]
The Delhi bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that the refund of SAD is available even if the rate of VAT/Sales Tax is lower than the rate of SAD or nil....
![SAD Refund allowable to Importer even if Rate of VAT/Sales Tax is Lower than Rate of SAD or Nil: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/SAD-Refund-VAT-Sales-Tax-SAD-CESTAT-taxscan.jpg "SAD Refund allowable to Importer even if Rate of VAT/Sales Tax is Lower than Rate of SAD or Nil: CESTAT [Read Order]")
GST: Interest on Delayed Refund of IGST covered u/s 50 cannot Exceed 6%, rules Supreme Court [Read Order]
The Supreme Court has observed that in case of delay in granting Integrated GST refund cannot exceed 6% as per the principal provisions of section 50 of the Central GST Act, 2017, especially when the...
![GST: Interest on Delayed Refund of IGST covered u/s 50 cannot Exceed 6%, rules Supreme Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Interest-Refund-IGSt-Supreme-Court-taxscan.jpg "GST: Interest on Delayed Refund of IGST covered u/s 50 cannot Exceed 6%, rules Supreme Court [Read Order]")
GST on Lease / Rent Payments: PIL in Supreme Court challenging Constitutional Validity [Read Order]
A plea has been filed before the Supreme Court challenging constitutional validity of levy of GST on lease/ rent payments where a bench of Justice M.R. Shah and Justice B.V. Nagarathna has asked the...
![GST on Lease / Rent Payments: PIL in Supreme Court challenging Constitutional Validity [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/GST-Lease-Rent-Payments-PIl-Supreme-Court-Constitutional-Validity-taxscan.jpeg "GST on Lease / Rent Payments: PIL in Supreme Court challenging Constitutional Validity [Read Order]")
CESTAT Order on Classification of Goods and Determination of Customs Duty Appealable before Supreme Court Only: Bombay HC [Read Order]
The Bombay High Court has ruled that an appeal from a CESTAT order involving the question with respect to classification of goods under the Customs Act, 1962, would lie before the Supreme Court under...
![CESTAT Order on Classification of Goods and Determination of Customs Duty Appealable before Supreme Court Only: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/CESTAT-Classification-Goods-and-Determination-Customs-Duty-Appealable-Supreme-Court-Bombay-HC-Taxscan.jpg "CESTAT Order on Classification of Goods and Determination of Customs Duty Appealable before Supreme Court Only: Bombay HC [Read Order]")
Repeal of S. 144B(9) vide Finance Act, 2022: Supreme Court stays High Court Order declaring Assessment Order Non-Est [Read Order]
The Supreme Court, in view of repeal of section 144B(9) of the Finance Act, 2022, has stayed an assessment order declared as non-est by the High Court. The petitioner, National Faceless Assessment...
![Repeal of S. 144B(9) vide Finance Act, 2022: Supreme Court stays High Court Order declaring Assessment Order Non-Est [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Repeal-Finance-Act-Supreme-Court-High-Court-Order-Assessment-Order-Non-Est-Taxscan.jpeg "Repeal of S. 144B(9) vide Finance Act, 2022: Supreme Court stays High Court Order declaring Assessment Order Non-Est [Read Order]")
Private Discretionary Trust is 'AOP', CBDT Circular treating the same as 'Individual' due to Difficulties in E-filing Software can’t be Relied: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench has held that the private discretionary trust shall be treated as “AoP” and rejected the plea of the assessee based on the CBDT circular wherein...
![Private Discretionary Trust is AOP, CBDT Circular treating the same as Individual due to Difficulties in E-filing Software can’t be Relied: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Private-Discretionary-Trust-AOP-CBDT-Circular-Individual-E-filing-Software-ITAT-Taxscan.jpeg "Private Discretionary Trust is AOP, CBDT Circular treating the same as Individual due to Difficulties in E-filing Software can’t be Relied: ITAT [Read Order]")
Supreme Court upholds Constitutional Validity of Amendments related to Registration of Charitable Trust [Read Judgment]
A division bench of the Supreme Court has upheld the constitutional validity of the recent amendments made in the Finance Act, 2020 in relation to the new provisions regarding the registration of...
