![Unexplained ₹10.54 Cr Cash Withdrawals Show Intent to Defraud Under S.66 IBC: NCLAT Upholds NCLT Order Against Directors [Read Order]](https://images.taxscan.in/h-upload/2025/12/17/500x300_2112853-cash-withdrawals-show-intent-defraud-under-nclat-nclt-order-against-directors-taxscan.webp "Unexplained ₹10.54 Cr Cash Withdrawals Show Intent to Defraud Under S.66 IBC: NCLAT Upholds NCLT Order Against Directors [Read Order]")
Unexplained ₹10.54 Cr Cash Withdrawals Show Intent to Defraud Under S.66 IBC: NCLAT Upholds NCLT Order Against Directors [Read Order]
The National Company Law Appellate Tribunal (NCLAT), Principal Bench, in a recent case has held that the unexplained Rs 10.54 cr withdrawals ...
![Loss from Currency Derivatives Held as Speculative Transaction, Not Business: ITAT Upholds ₹4.05 Cr Foreign Exchange Loss and Brokerage Disallowance [Read Order]](https://images.taxscan.in/h-upload/2025/12/19/250x150_2113255-loss-currency-derivatives-held-speculative-transaction-business-itat-upholds-foreign-exchange-loss-brokerage-disallowance-taxscan.webp "Loss from Currency Derivatives Held as Speculative Transaction, Not Business: ITAT Upholds ₹4.05 Cr Foreign Exchange Loss and Brokerage Disallowance [Read Order]")
Tripura HC Quashes VAT Penalty Notices Issued 9 Years After Transactions and Post Refund Claim as Violative of Art 14 [Read Order]
In a recent case, the Tripura High Court has quashed penalty notices issued nearly nine years after alleged VAT violations, holding them arbitrary, mala fide, and violative of Article 14 of the...
![Tripura HC Quashes VAT Penalty Notices Issued 9 Years After Transactions and Post Refund Claim as Violative of Art 14 [Read Order]](https://images.taxscan.in/h-upload/2025/12/19/500x300_2113288-tripura-hc-vat-penalty-notices-refund-claim-vat-penalty-vat-notice-taxscan.webp "Tripura HC Quashes VAT Penalty Notices Issued 9 Years After Transactions and Post Refund Claim as Violative of Art 14 [Read Order]")
Bidder's Refusal to Accept LOI Triggers Valid Forfeiture of Earnest Money: Karnataka HC Sets Aside Refund of ₹70 lakh [Read Order]
The Karnataka High Court has upheld the liquidator’s power to forfeit the Earnest Money Deposit (EMD) and Participation Deposit Money (PDM) after the successful bidder refused to accept the Letter...
![Bidders Refusal to Accept LOI Triggers Valid Forfeiture of Earnest Money: Karnataka HC Sets Aside Refund of ₹70 lakh [Read Order]](https://images.taxscan.in/h-upload/2025/12/19/500x300_2113282-accept-loi-triggers-valid-forfeiture-earnest-money-karnataka-hc-sets-aside-refund-taxscan.webp "Bidders Refusal to Accept LOI Triggers Valid Forfeiture of Earnest Money: Karnataka HC Sets Aside Refund of ₹70 lakh [Read Order]")
![GSTR-9 Audit Checklist: Verification of Table 6A1 vs Table 6H [Access Checklist PDF Here]](https://images.taxscan.in/h-upload/2025/12/19/500x300_2113277-gstr-9-audit-checklist-verification-table-6a1-table-6h-taxscan.webp "GSTR-9 Audit Checklist: Verification of Table 6A1 vs Table 6H [Access Checklist PDF Here]")
Is Your Money Sitting Unclaimed? Your Money, Your Right: How Indians can Recover ₹1.84L Crore in Forgotten Assets
PrimeMinister Narendra Modi has appealed to every Indian citizen to join the ‘Your Money, Your Right’ Campaign which has within two months provided rightful ownership of approximately ₹ 2,000 crores...
Writ Jurisdiction Not Invocable at SCN Stage: Chhattisgarh HC Dismisses State Beverages Corporation’s Plea on Service Tax Demand [Read Order]
The Chhattisgarh High Court has declined to exercise its writ jurisdiction at the show cause notice (SCN) stage, holding that the petitioner must first participate in the adjudication process and...
![Writ Jurisdiction Not Invocable at SCN Stage: Chhattisgarh HC Dismisses State Beverages Corporation’s Plea on Service Tax Demand [Read Order]](https://images.taxscan.in/h-upload/2025/12/19/500x300_2113176-chhattisgarh-hc-scn-writ-jurisdiction-state-beverages-service-tax-demand-taxscan.webp "Writ Jurisdiction Not Invocable at SCN Stage: Chhattisgarh HC Dismisses State Beverages Corporation’s Plea on Service Tax Demand [Read Order]")