![Form‑B Contemplates Mutual Dealings: NCLAT Admits CNH Industrial’s ₹3.40 Cr Net Claim After Set‑off but Confirms Nil Payout in CIRP [Read Order]](https://images.taxscan.in/h-upload/2025/12/08/500x300_2110902-nclat-admits-cnh-industrials-taxscan.jfif "Form‑B Contemplates Mutual Dealings: NCLAT Admits CNH Industrial’s ₹3.40 Cr Net Claim After Set‑off but Confirms Nil Payout in CIRP [Read Order]")
Form‑B Contemplates Mutual Dealings: NCLAT Admits CNH Industrial’s ₹3.40 Cr Net Claim After Set‑off but Confirms Nil Payout in CIRP [Read Order]
The National Company Law Appellate Tribunal (NCLAT), principal bench, New Delhi, in a recent case, has clarified that Form B under the CIRP...
![887g Gold in Paste Form Recovered from Passengers Body: Delhi HC Permits Appeal Against Absolute Confiscation Order [Read Order]](https://images.taxscan.in/h-upload/2025/12/10/250x150_2111226-887g-gold-paste-recovered-passenger-body-delhi-hc-appeal-absolute-confiscation-order-taxscan.webp "887g Gold in Paste Form Recovered from Passengers Body: Delhi HC Permits Appeal Against Absolute Confiscation Order [Read Order]")
RBI Evaluates Gazprombank and Alfa Bank Branch Applications Entries Balancing Geopolitical and Economic Interests
The Reserve Bank of India(RBI) is currently navigating a complex landscape of geopolitical pressures and economic interests as it considers applications from prominent Russian financial...
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]")
Omission in Sec.14A Disclosure Enables Reopening Beyond 4 Years: Madras HC Restores Proceedings Against City Union Bank [Read Order]
The Madras High Court has allowed the Income Tax Department’s writ appeal against City Union Bank, reversing a single judge’s order that had quashed reassessment proceedings for AY 2011-12.The...
![Omission in Sec.14A Disclosure Enables Reopening Beyond 4 Years: Madras HC Restores Proceedings Against City Union Bank [Read Order]](https://images.taxscan.in/h-upload/2025/12/12/500x300_2111741-omission-sec-14a-disclosure-enables-reopening-beyond-4-years-madras-hc-restores-proceedings-against-city-union-bank-taxscan.webp "Omission in Sec.14A Disclosure Enables Reopening Beyond 4 Years: Madras HC Restores Proceedings Against City Union Bank [Read Order]")
Non-Monetary Benefits like Free Gifts, Tour Packages Received by Dealer from Principal Constitute Supply under GST: AAR [Read Order]
The Authority for Advance Ruling, Tamil Nadu recently affirmed that non-monetary benefits such as free gifts, compliments and foreign or domestic tour packages received by a dealer from its...
![Non-Monetary Benefits like Free Gifts, Tour Packages Received by Dealer from Principal Constitute Supply under GST: AAR [Read Order]](https://images.taxscan.in/h-upload/2025/12/14/500x300_2112127-non-monetary-benefits-free-gifts-tour-packages-dealer-principal-constitute-supply-gst-aar-taxscan.webp "Non-Monetary Benefits like Free Gifts, Tour Packages Received by Dealer from Principal Constitute Supply under GST: AAR [Read Order]")