![Failure to Meet NCLT Timelines Justifies Full Forfeiture of Deposits: Supreme Court Rejects Purchaser’s Challenge in Liquidation Sale [Read Order]](https://images.taxscan.in/h-upload/2025/12/23/500x300_2114195-failure-meet-nclt-timelines-justifies-full-forfeiture-deposits-supreme-court-rejects-purchases-challenge-liquidation-sale-taxscan.webp "Failure to Meet NCLT Timelines Justifies Full Forfeiture of Deposits: Supreme Court Rejects Purchaser’s Challenge in Liquidation Sale [Read Order]")
Failure to Meet NCLT Timelines Justifies Full Forfeiture of Deposits: Supreme Court Rejects Purchaser’s Challenge in Liquidation Sale [Read Order]
The Supreme Court in a recent case has upheld the full forfeiture of ₹37.80 crore deposited by the appellant towards the proposed purchase of the...
![GST Clearance Certificate Issued by CA Not Acceptable when Tender Involves Services: Bombay HC [Read Order]](https://images.taxscan.in/h-upload/2025/12/23/250x150_2114283-gst-clearance-certificate-issued-ca-acceptable-tender-involves-services-bombay-hc-taxscan.webp "GST Clearance Certificate Issued by CA Not Acceptable when Tender Involves Services: Bombay HC [Read Order]")
![Even Ordinary Act of Parliament Cannot Override Final Court Orders: Madras HC sets aside Compounding Demand Based on 2024 CBDT Guidelines [Read Order]](https://images.taxscan.in/h-upload/2025/12/23/250x150_2114106-ordinary-act-parliament-override-final-court-orders-madras-hc-compounding-demand-cbdt-guidelines-taxscan.webp "Even Ordinary Act of Parliament Cannot Override Final Court Orders: Madras HC sets aside Compounding Demand Based on 2024 CBDT Guidelines [Read Order]")
Madras HC affirms CBIC Notifications Extending Time limit to Issue order u/s 73 Ultra vires to S. 168A, says both ‘Illegal’ [Read Order]
The Madurai Bench of Madras High Court has once again confirmed that the Central Board of Indirect Taxes and Customs ( CBIC ) exceeded its statutory powers while issuing two Notifications which...
![Madras HC affirms CBIC Notifications Extending Time limit to Issue order u/s 73 Ultra vires to S. 168A, says both ‘Illegal’ [Read Order]](https://images.taxscan.in/h-upload/2025/12/20/500x300_2113517-madras-hc-affirms-cbic-notifications-extending-time-limit-issue-order-taxscan.webp "Madras HC affirms CBIC Notifications Extending Time limit to Issue order u/s 73 Ultra vires to S. 168A, says both ‘Illegal’ [Read Order]")
Non-Compete Fee Paid to Ward Off Competition is Revenue Expenditure, Not Capital Asset: Supreme Court [Read Judgment]
The Supreme Court of India has ruled that non-compete fees paid by an assessee to prevent competition are allowable as revenue expenditure under the Income Tax Act, 1961, and do not amount to...
![Non-Compete Fee Paid to Ward Off Competition is Revenue Expenditure, Not Capital Asset: Supreme Court [Read Judgment]](https://images.taxscan.in/h-upload/2025/12/20/500x300_2113472-non-compete-fee-paid-ward-off-competition-revenue-expenditure-capital-asset-supreme-court-taxscan.webp "Non-Compete Fee Paid to Ward Off Competition is Revenue Expenditure, Not Capital Asset: Supreme Court [Read Judgment]")
Reimbursable Expenses Excluded from Service Tax Valuation: CESTAT sets aside Demand in CHA Services Case [Read Order]
The Chennai Bench of Customs, Excise & Service Tax Appellate Tribunal (CESTAT) set aside service tax demands raised on reimbursable expenses collected by a Customs House Agent while providing CHA...
![Reimbursable Expenses Excluded from Service Tax Valuation: CESTAT sets aside Demand in CHA Services Case [Read Order]](https://images.taxscan.in/h-upload/2025/12/17/500x300_2112738-reimbursable-expenses-excluded-service-tax-valuation-cestat-sets-aside-demand-cha-services-case-taxscan.webp "Reimbursable Expenses Excluded from Service Tax Valuation: CESTAT sets aside Demand in CHA Services Case [Read Order]")
Pre- Existing Dispute Defence Mere "Moonshine": Supreme Court Restores CIRP Admission Against Engineering Company [Read Order]
The Supreme Court has restored the admission of a Section 9 Insolvencyand Bankruptcy Code (IBC) application filed by an appellant, holding that the corporate debtor failed to establish any bona fide...
![Pre- Existing Dispute Defence Mere Moonshine: Supreme Court Restores CIRP Admission Against Engineering Company [Read Order]](https://images.taxscan.in/h-upload/2025/12/16/500x300_2112636-supreme-court-restores-cirp-admission-against-engineering-company-taxscan.webp "Pre- Existing Dispute Defence Mere Moonshine: Supreme Court Restores CIRP Admission Against Engineering Company [Read Order]")
AO’s Knowledge of ITAT Order Triggers Limitation u/s 153(2A): Supreme Court Declines to Interfere With Delhi HC Ruling Against Revenue [Read Judgement]
In a recent case, the Supreme Court declined to interfere and dismissed the Revenue’s SLP and upheld the ruling of the Delhi High Court that “knowledge” of an appellate order triggers statutory...
![AO’s Knowledge of ITAT Order Triggers Limitation u/s 153(2A): Supreme Court Declines to Interfere With Delhi HC Ruling Against Revenue [Read Judgement]](https://images.taxscan.in/h-upload/2025/12/16/500x300_2112629-itat-supreme-court-delhi-hc-taxscan.webp "AO’s Knowledge of ITAT Order Triggers Limitation u/s 153(2A): Supreme Court Declines to Interfere With Delhi HC Ruling Against Revenue [Read Judgement]")