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![Investment in Gold and Foreign Companies Should be Excluded: ITAT upholds Order of CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Investment-Gold-Investment-in-Gold-Foreign-Companies-ITAT-CITA-taxscan.jpg "Investment in Gold and Foreign Companies Should be Excluded: ITAT upholds Order of CIT(A) [Read Order]")
Investment in Gold and Foreign Companies Should be Excluded: ITAT upholds Order of CIT(A) [Read Order]
In a recent case, the Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that investment in gold and foreign companies should be excluded...
![Appeal Before Tribunal Abates from Date of approval of Resolution Plan by NCLT: CESTATÂ [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Appeal-Tribunal-Abates-Date-of-approval-Appeal-Before-Tribunal-Abates-from-Date-of-approval-of-resolution-plan-CESTAT-taxscan-.jpg "Appeal Before Tribunal Abates from Date of approval of Resolution Plan by NCLT: CESTATÂ [Read Order]")
![ITAT Dismisses Appeal by Income Tax Department as NCLT Admitted Application filed by Assessee u/s 14 of IBC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/ITAT-ITAT-Dismisses-Appeal-by-Income-Tax-Department-Income-Tax-Department-NCLT-IBC-taxscan.jpg "ITAT Dismisses Appeal by Income Tax Department as NCLT Admitted Application filed by Assessee u/s 14 of IBC [Read Order]")
![ITAT order Jet Airways to pay cost of Rs 25,000 to PM Relief Fund due to Fail to comply with Notice issue by IT department [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/ITAT-Jet-Airways-Fund-Notice-IT-department-TAXSCAN.jpg "ITAT order Jet Airways to pay cost of Rs 25,000 to PM Relief Fund due to Fail to comply with Notice issue by IT department [Read Order]")
State is a 'Secured Creditor' under IBC: Supreme Court upholds VAT Dept's Claim during Liquidation [Read Order]
The Supreme Court of India, upheld the Value Added Tax (VAT) Department’s claim for first charge over property of the corporate debtor, Rainbow Papers Limited and held that State is a ‘Secured...
![State is a Secured Creditor under IBC: Supreme Court upholds VAT Depts Claim during Liquidation [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/IBC-Supreme-Court-VAT-Claim-during-TAXSCAN.jpg "State is a Secured Creditor under IBC: Supreme Court upholds VAT Depts Claim during Liquidation [Read Order]")
Directors Salary and Handover Facility Expenses are Incurred Yearly and are Business Expenses: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) observed that the director's salary and handover facility expenses are incurred yearly and are business expenses. Shri Niraj Sheth...
![Directors Salary and Handover Facility Expenses are Incurred Yearly and are Business Expenses: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Directors-Salary-Directors-Salary-and-Handover-Facility-Expenses-Business-Expenses-ITAT-taxscan.jpg "Directors Salary and Handover Facility Expenses are Incurred Yearly and are Business Expenses: ITAT [Read Order]")
CIRP Cannot be Shield to Corporate Applicant to avoid Legally Recoverable Government Obligations: NCLT [Read Order]
The National Company Law Tribunal New Delhi Bench held that the Corporate Applicant cannot take the shield of Corporate Insolvency Resolution Process (CIRP) to avoid the legally recoverable...
![CIRP Cannot be Shield to Corporate Applicant to avoid Legally Recoverable Government Obligations: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/06/Application-us-7-of-IBC-Acceptable-as-Exist-of-Financial-Debt-and-Default-NCLT-TAXSCAN.jpg "CIRP Cannot be Shield to Corporate Applicant to avoid Legally Recoverable Government Obligations: NCLT [Read Order]")
![Provision under IBC overrides Income Tax Act: Calcutta HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Provision-under-IBC-IBC-overrides-Income-Tax-Act-Income-Tax-Act-taxscan.jpg "Provision under IBC overrides Income Tax Act: Calcutta HC [Read Order]")