![Requirements u/r 25 & 26 of Mediation Rules Satisfied: NCLAT Holds Settlement Agreement Valid [Read Order]](https://images.taxscan.in/h-upload/2025/12/15/500x300_2112277-nclat-new-delhi-requirements-mediation-rules-settlement-agreement-taxscan.webp "Requirements u/r 25 & 26 of Mediation Rules Satisfied: NCLAT Holds Settlement Agreement Valid [Read Order]")
Requirements u/r 25 & 26 of Mediation Rules Satisfied: NCLAT Holds Settlement Agreement Valid [Read Order]
The National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, has upheld the validity of consent terms executed during mediation...
![Foreign Company’s Head Office Expenses For Indian Branches Subject to S. 44C Even if Incurred Exclusively: Supreme Court [Read Judgment]](https://images.taxscan.in/h-upload/2025/12/16/250x150_2112511-foreign-company-head-office-expenses-indian-branches-supreme-court-taxscan.webp "Foreign Company’s Head Office Expenses For Indian Branches Subject to S. 44C Even if Incurred Exclusively: Supreme Court [Read Judgment]")
![Supreme Court Grants Interim Bail to Journalist in Money Laundering Case, Bars him from Writing on Ongoing Proceedings [Read Order]](https://images.taxscan.in/h-upload/2025/12/15/250x150_2112386-supreme-court-grants-interim-bail-journalist-money-laundering-case-bars-taxscan.webp "Supreme Court Grants Interim Bail to Journalist in Money Laundering Case, Bars him from Writing on Ongoing Proceedings [Read Order]")
![Relief for Vodafone West Ltd: ITAT Deletes Addition on Trade Discount, Rules Trade Discount to Prepaid Distributors is Not Commission [Read Order]](https://images.taxscan.in/h-upload/2025/12/13/250x150_2111998-relief-vodafone-west-ltd-itat-deletes-addition-trade-discount-rules-trade-discount-prepaid-distributors-not-commission-taxscan.webp "Relief for Vodafone West Ltd: ITAT Deletes Addition on Trade Discount, Rules Trade Discount to Prepaid Distributors is Not Commission [Read Order]")
![Supreme Court Orders SBI, PNB to Clarify Loan Status After Man Alleges Wrongful Negative CIBIL Score [Read Order]](https://images.taxscan.in/h-upload/2025/12/15/250x150_2112257-supreme-court-orders-sbi-pnb-clarify-loan-status-man-wrongful-negative-cibil-score-taxscan.webp "Supreme Court Orders SBI, PNB to Clarify Loan Status After Man Alleges Wrongful Negative CIBIL Score [Read Order]")
Revisional Authority u/s 264 of Income tax cannot Dismiss Petition after Condoning Delay: Karnataka HC Remands Matter for Reconsideration [Read Order]
The Karnataka High Court in a recent case set aside the order of the Revisional Authority under Section 264 of the Income Tax Act, 1961, which had dismissed the assessee’s revision petition despite...
![Revisional Authority u/s 264 of Income tax cannot Dismiss Petition after Condoning Delay: Karnataka HC Remands Matter for Reconsideration [Read Order]](https://images.taxscan.in/h-upload/2025/12/12/500x300_2111696-revisional-authority-264-income-tax-cannot-dismiss-petition-condoning-delay-karnataka-hc-remands-matter-reconsideration-taxscan.webp "Revisional Authority u/s 264 of Income tax cannot Dismiss Petition after Condoning Delay: Karnataka HC Remands Matter for Reconsideration [Read Order]")
Over ₹25 Lakh Crore Locked Up in Income‑Tax Disputes Across Appellate Levels, Centre Shares Data
The Centre has disclosed that more than ₹25 lakh crore remains locked up in pending income‑tax disputes across various appellate levels, underscoring the scale of India’s direct‑tax litigation burden...
Supreme Court Demands Explanation from UP Bar Council Over ₹2,500 Oral Interview Fee for Advocate Enrollment [Read Order]
The Supreme Court in a recent case issued notice to the Bar Council of Uttar Pradesh (BCUP) after being informed that the State Bar Council had allegedly introduced an oral‑interview mechanism for...
![Supreme Court Demands Explanation from UP Bar Council Over ₹2,500 Oral Interview Fee for Advocate Enrollment [Read Order]](https://images.taxscan.in/h-upload/2025/12/12/500x300_2111623-supreme-court-demands-explanation-up-bar-council-oral-interview-fee-advocate-enrollment-taxscan.webp "Supreme Court Demands Explanation from UP Bar Council Over ₹2,500 Oral Interview Fee for Advocate Enrollment [Read Order]")
Interest from Bank Deposit Does Not qualify for S. 36(1)(viii) Deduction: SC says it’s Not Income ‘Derived From’ Long-Term Finance [Read Judgement]
The Supreme Court has held that interest earned from short-term bank deposits cannot qualify for deduction under Section 36(1)(viii) of the Income Tax Act, 1961 as such interest is not income...
![Interest from Bank Deposit Does Not qualify for S. 36(1)(viii) Deduction: SC says it’s Not Income ‘Derived From’ Long-Term Finance [Read Judgement]](https://images.taxscan.in/h-upload/2025/12/11/500x300_2111469-interest-from-bank-deposit-qualify-s-361viii-deduction-sc-income-derived-long-term-finance-taxscan.webp "Interest from Bank Deposit Does Not qualify for S. 36(1)(viii) Deduction: SC says it’s Not Income ‘Derived From’ Long-Term Finance [Read Judgement]")
SC Mandates 30% Quota for Women in State Bar Councils, 20% to be filled by Election and 10% by Co-option[ Read Order]
In a landmark judgment addressing the severe gender imbalance in legal governance, the Supreme Court of India has mandated a 30% reservation for women advocates in State Bar Councils across the...
![SC Mandates 30% Quota for Women in State Bar Councils, 20% to be filled by Election and 10% by Co-option[ Read Order]](https://images.taxscan.in/h-upload/2025/12/10/500x300_2111306-sc-mandates-quota-women-state-bar-councils-election-co-option-taxscan.webp "SC Mandates 30% Quota for Women in State Bar Councils, 20% to be filled by Election and 10% by Co-option[ Read Order]")
Wrong Sanction for Reopening u/s 151 Invalidates Income Tax Proceedings: Supreme Court Upholds Bombay HC Ruling [Read Order]
In a recent development, the Supreme Court upheld the Bombay High Court’s ruling that the Income Tax Department had obtained approval from the wrong authority for reopening an assessment, rendering...
![Wrong Sanction for Reopening u/s 151 Invalidates Income Tax Proceedings: Supreme Court Upholds Bombay HC Ruling [Read Order]](https://images.taxscan.in/h-upload/2025/12/09/500x300_2111176-invalidates-income-tax-proceedings-taxscan.webp "Wrong Sanction for Reopening u/s 151 Invalidates Income Tax Proceedings: Supreme Court Upholds Bombay HC Ruling [Read Order]")
Supreme Court affirms DRI as ‘Proper Officers’ u/s 28 of Customs: P&H HC rejects 17-Year Challenge against Customs Duty Recovery [Read Order]
The Punjab and Haryana High Court has dismissed 17-year-old writ petitions filed by three export companies challenging the jurisdiction of Directorate of Revenue Intelligence (DRI) officers,...
![Supreme Court affirms DRI as ‘Proper Officers’ u/s 28 of Customs: P&H HC rejects 17-Year Challenge against Customs Duty Recovery [Read Order]](https://images.taxscan.in/h-upload/2025/12/08/500x300_2110983-supreme-court-affirms-dri-proper-officers-ph-hc-rejects-customs-duty-recovery-taxscan.webp "Supreme Court affirms DRI as ‘Proper Officers’ u/s 28 of Customs: P&H HC rejects 17-Year Challenge against Customs Duty Recovery [Read Order]")