![Annual Corporate Law Case Digests : NCLAT Rulings of 2025 [Part 3]](https://images.taxscan.in/h-upload/2025/12/30/2115859-nclat-annual-case-digest-2025-part-3-taxscan.webp "Annual Corporate Law Case Digests : NCLAT Rulings of 2025 [Part 3]")
Annual Corporate Law Case Digests : NCLAT Rulings of 2025 [Part 3]
NCLAT Upholds Liquidation of Go Airlines Busy Bee Airways Pvt. Ltdvs Dinkar T Venkatasubramanian CITATION : 2025 TAXSCAN (NCLAT) 182 The...
![Apply Now: ICAI Post-Qualification Diploma in Management & Business Finance for Chartered Accountants [Read Notification]](https://images.taxscan.in/h-upload/2025/12/30/2115869-icai-post-qualification-diploma-taxscan.jfif "Apply Now: ICAI Post-Qualification Diploma in Management & Business Finance for Chartered Accountants [Read Notification]")
![GST DRC-13 Cannot be issued against Independent Company Merely Due to Common Director: Karnataka HC orders Refund with Interest [Read Order]](https://images.taxscan.in/h-upload/2025/12/30/2115833-gst-drc-13-karnataka-hc-taxscan.jfif "GST DRC-13 Cannot be issued against Independent Company Merely Due to Common Director: Karnataka HC orders Refund with Interest [Read Order]")
![Custodial Interrogation Not Mandatory in GST Fake ITC Cases Punishable up to 5 Years: Karnataka HC Grants anticipatory Bail [Read Order]](https://images.taxscan.in/h-upload/2025/12/30/2115841-custodial-interrogation-mandatory-gst-fake-itc-cases-karnataka-hc-grants-anticipatory-bail-taxscan.webp "Custodial Interrogation Not Mandatory in GST Fake ITC Cases Punishable up to 5 Years: Karnataka HC Grants anticipatory Bail [Read Order]")
![ITAT Reduces 2% Commission Addition on Bank Credits to 1% in Accommodation Entry Matter [Read Order]](https://images.taxscan.in/h-upload/2025/12/30/2115831-2070700-commission-accomodation-entries-taxscan.webp "ITAT Reduces 2% Commission Addition on Bank Credits to 1% in Accommodation Entry Matter [Read Order]")
Transfer Pricing Dispute: Delhi HC Refuses to Condone Income Tax Department’s 1285-Day Delay in Re-Filing Appeal [Read Order]
The Delhi High Court has rejected the Income Tax Department's request to condone a huge delay of 1285 days in re-filing their appeal in a transfer pricing case. The court said the department gave...
![Transfer Pricing Dispute: Delhi HC Refuses to Condone Income Tax Department’s 1285-Day Delay in Re-Filing Appeal [Read Order]](https://images.taxscan.in/h-upload/2025/12/30/2115842-delhi-high-court-condone-income-tax-department-condonation-of-delay-condonation-condonation-delay-taxscan.webp "Transfer Pricing Dispute: Delhi HC Refuses to Condone Income Tax Department’s 1285-Day Delay in Re-Filing Appeal [Read Order]")
SBI Appeal Allowed: Borrowers Not Entitled to Compensation Under SARFAESI Section 19 Without Actual Possession, Rules DRAT [Read Order]
The Debt RecoveryAppellate Tribunal (DRAT) held that compensation under Section 19 of the SARFAESI Act was payable only if physical/actual possession of secured assets was taken and found unlawful...
![SBI Appeal Allowed: Borrowers Not Entitled to Compensation Under SARFAESI Section 19 Without Actual Possession, Rules DRAT [Read Order]](https://images.taxscan.in/h-upload/2025/12/30/2115827-sbi-appeal-allowed-borrowers-entitled-compensation-sarfaesi-section-19-actual-possession-rules-drat-taxscan.webp "SBI Appeal Allowed: Borrowers Not Entitled to Compensation Under SARFAESI Section 19 Without Actual Possession, Rules DRAT [Read Order]")
Loose Sheets without Third-Party Confirmation Insufficient for Addition u/s 69C: ITAT Directs Profit Estimation at 7% [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) ruled that Loose sheet without third party confirmation insufficient for addition and held that it is reasonable to estimate a profit ...
![Loose Sheets without Third-Party Confirmation Insufficient for Addition u/s 69C: ITAT Directs Profit Estimation at 7% [Read Order]](https://images.taxscan.in/h-upload/2025/12/29/2115693-income-tax-addition-taxscan.jfif "Loose Sheets without Third-Party Confirmation Insufficient for Addition u/s 69C: ITAT Directs Profit Estimation at 7% [Read Order]")
Housing Society Not Liable to pay Income Tax if Members Paid Capital Gain: ITAT Remands for verification [Read Order]
The Mumbai Bench of the Income Tax AppellateTribunal (ITAT) ruled that the housing society was not liable if members had already paid capital gains and remanded the matter back to the Assessing ...
![Housing Society Not Liable to pay Income Tax if Members Paid Capital Gain: ITAT Remands for verification [Read Order]](https://images.taxscan.in/h-upload/2025/12/29/2115691-itat-remands-for-verification-site-image.webp "Housing Society Not Liable to pay Income Tax if Members Paid Capital Gain: ITAT Remands for verification [Read Order]")
Entire Purchase Amount cannot be Disallowed when Sales accepted and Stock Records maintained: ITAT restricts Bogus Purchase addition to 5% [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) restricted a bogus purchase addition to 5% and ruled that the Assessing Officer (AO) cannot treat the entire purchase amount as non-genuine...
![Entire Purchase Amount cannot be Disallowed when Sales accepted and Stock Records maintained: ITAT restricts Bogus Purchase addition to 5% [Read Order]](https://images.taxscan.in/h-upload/2025/12/29/2115681-entire-purchase-amount-cannot-be-disallowed-when-sales-accepted-and-stock-records-maintained-itat-restricts-bogus-purchase-addition-taxscan.webp "Entire Purchase Amount cannot be Disallowed when Sales accepted and Stock Records maintained: ITAT restricts Bogus Purchase addition to 5% [Read Order]")