CIRP cannot be Initiated u/s 7 of IBC on Transfer Agreement for Purchase of Debentures from Financial Creditors: NCLT [Read Order]
The Mumbai Bench of the National Company Law Appellate Tribunal ( NCLT ) observed that the Corporate Insolvency Resolution Process ( CIRP ) cannot be...
![Challenge on Disallowance u/s 14A of Income Tax Act to be restricted to exempt Income Earned: SC Condones delay in SLP filed by Income Tax Dept [Read Oder]](https://www.taxscan.in/wp-content/uploads/2024/02/Income-Tax-Supreme-Court-Special-leave-petition-SLP-Income-Tax-Department-Delay-condonation-taxscan.jpg "Challenge on Disallowance u/s 14A of Income Tax Act to be restricted to exempt Income Earned: SC Condones delay in SLP filed by Income Tax Dept [Read Oder]")
![Formation of Trust for Compliance of CSR Requirements not Reason for Denying Registration u/s 12AA of Income Tax Act: SC condones Delay of 265 Days [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/Supreme-Court-Income-Tax-Formation-of-Trust-Denying-Registration-TAXSCAN.jpg "Formation of Trust for Compliance of CSR Requirements not Reason for Denying Registration u/s 12AA of Income Tax Act: SC condones Delay of 265 Days [Read Order]")
Disciplinary Proceedings are distinct from Criminal Proceedings and operate on different standard of Proof: ICAI
The Board of Discipline of Institute of Chartered Accountants of India ( ICAI ) clarified that the disciplinary proceedings are distinct from criminal proceedings and operate on a different...
Delhi HC directs Release of passport surrendered before custom department involved in NDPS crime to pursue higher studies in Canada [Read Order]
In a recent case, the Delhi High Court, allowed application for release passport which was surrendered before custom department in Narcotic Drugs Psychotropic Substances ( NDPS )crime for pursue...
![Allahabad HC rules Res-Judicata does not Apply to Tax Matters [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/Allahabad-High-Court-Res-judicata-Tax-matters-Tax-news-Tax-updations-taxscan.jpg "Allahabad HC rules Res-Judicata does not Apply to Tax Matters [Read Order]")
Software Firms that Purchase Computer Software from Foreign Software Suppliers exempted from Deducting TDS: SC dismisses SLP [Read Order]
The Supreme Court of India dismissed a special leave petition ( SLP ) in the challenge regarding the judgment on software firms that purchase computer software from foreign software suppliers...
Deletion of Addition on Submission of Proper Cash Book: SC dismisses SLP filed by Income Tax Dept [Read Judgement]
The Supreme Court of India dismissed a special leave petition ( SLP ) filed by the Income Tax Department in the challenge regarding the deletion of addition on submission of proper cash book. The...
![Deletion of Addition on Submission of Proper Cash Book: SC dismisses SLP filed by Income Tax Dept [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2024/02/Deletion-of-Addition-Supreme-Court-Income-Tax-Income-Tax-department-Proper-Cash-Book-TAXSCAN.jpg "Deletion of Addition on Submission of Proper Cash Book: SC dismisses SLP filed by Income Tax Dept [Read Judgement]")