Resolution Plan Shields New Management, Mesne Profit Claim Lies Only Against Erstwhile Management: Calcutta HC Dismisses Appeal by Assam Company
The CalcuttaHigh Court has dismissed an appeal filed by The Assam Company India Limited (ACIL), affirming that under the approved Resolution Plan...
![Interlocutory Orders Merge with Final Dismissal, Cannot Be Used Independently: NCLAT Bars Extraction of Stray Findings from Dismissed Company Petition [Read Order]](https://images.taxscan.in/h-upload/2025/12/13/250x150_2111927-interlocutory-orders-merge-final-dismissal-cannot-used-independently-nclat-bars-extraction-stray-findings-dismissed-company-petition-taxscan.webp "Interlocutory Orders Merge with Final Dismissal, Cannot Be Used Independently: NCLAT Bars Extraction of Stray Findings from Dismissed Company Petition [Read Order]")
![Borrower’s Redemption u/s 13(8) of SARFEASI Act Prevails Over Unconfirmed Auction: Calcutta HC sets Aside Auction Purchaser’s Revision Against UCO Bank [Read Order]](https://images.taxscan.in/h-upload/2025/12/15/250x150_2112390-sarfeasi-act-prevails-over-unconfirmed-auction-taxscan.webp "Borrower’s Redemption u/s 13(8) of SARFEASI Act Prevails Over Unconfirmed Auction: Calcutta HC sets Aside Auction Purchaser’s Revision Against UCO Bank [Read Order]")
![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]")
![VAT Liability for IMFL On‑Shop Owners Statutory Since 2015: Gauhati HC Declines Stay on Circular [Read Order]](https://images.taxscan.in/h-upload/2025/12/15/250x150_2112373-vat-liability-imfl-on-shop-owners-statutory-since-2015-gauhati-hc-stay-circular-taxscan.webp "VAT Liability for IMFL On‑Shop Owners Statutory Since 2015: Gauhati HC Declines Stay on Circular [Read Order]")
Revenue Cannot Rely on Call Book to Justify 9-Year Delay: Bombay HC Quashes Excise SCNs Linked to NPV Sales Tax Retention [Read Order]
In a recent ruling, the Bombay High Court observed that the Revenue could not rely on the Call Book to justify a delay of nearly nine years in adjudicating Excise show cause notices, as it defeats...
![Revenue Cannot Rely on Call Book to Justify 9-Year Delay: Bombay HC Quashes Excise SCNs Linked to NPV Sales Tax Retention [Read Order]](https://images.taxscan.in/h-upload/2025/12/15/500x300_2112243-bombay-highcourt-taxscan.webp "Revenue Cannot Rely on Call Book to Justify 9-Year Delay: Bombay HC Quashes Excise SCNs Linked to NPV Sales Tax Retention [Read Order]")
Extended Limitation cannot Be Invoked for Audit-Based Demand: CESTAT Quashes Excise Duty Demand against Delphi Automotive [Read Order]
The Chandigarh Bench of Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that a show cause notice (SCN) issued on the basis of an audit cannot justify invocation of the extended...
![Extended Limitation cannot Be Invoked for Audit-Based Demand: CESTAT Quashes Excise Duty Demand against Delphi Automotive [Read Order]](https://images.taxscan.in/h-upload/2025/12/08/500x300_2110990-extended-limitation-invoked-audit-based-demand-cestat-quashes-excise-duty-demand-delphi-automotive-taxscan.webp "Extended Limitation cannot Be Invoked for Audit-Based Demand: CESTAT Quashes Excise Duty Demand against Delphi Automotive [Read Order]")
Peanut Butter Classified as Similar to Margarine: CESTAT Sets Aside ₹1.35Cr Cenvat Credit Demand While Upholding Credit Reversal on Written-Off Inputs [Read Order]
The Hyderabad Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) partly allowed the appeal, holding that peanut butter is an “edible preparation similar to margarine,” making...
![Peanut Butter Classified as Similar to Margarine: CESTAT Sets Aside ₹1.35Cr Cenvat Credit Demand While Upholding Credit Reversal on Written-Off Inputs [Read Order]](https://images.taxscan.in/h-upload/2025/12/10/500x300_2111269-peanut-butter-margarine-cestat-cenvat-credit-demand-credit-reversal-written-off-inputs-taxscan.webp "Peanut Butter Classified as Similar to Margarine: CESTAT Sets Aside ₹1.35Cr Cenvat Credit Demand While Upholding Credit Reversal on Written-Off Inputs [Read Order]")
![DGFT Exempts Diamond Imprest Authorisation Imports from IGST, Duties & Compensation Cess [Read Circular]](https://images.taxscan.in/h-upload/2025/12/10/500x300_2111348-dgft-exempts-diamond-imprest-authorisation-imports-igst-duties-compensation-cess-taxscan.webp "DGFT Exempts Diamond Imprest Authorisation Imports from IGST, Duties & Compensation Cess [Read Circular]")
![Issuing GST MOV-07 and MOV-09 on Same Date is Unsustainable: Punjab & Haryana HC [Read Order]](https://images.taxscan.in/h-upload/2025/12/15/500x300_2112383-punjab-haryana-hc-taxscan.jfif "Issuing GST MOV-07 and MOV-09 on Same Date is Unsustainable: Punjab & Haryana HC [Read Order]")
Delay in GSTAT Appointments Stops Appeal Clock: Chhattisgarh HC Grants Liberty to File Appeal with Statutory Stay [Read Order]
The Chhattisgarh High Court has held that the limitation period for filing a second appeal before the Goods and Services Tax Appellate Tribunal (GSTAT) stands deferred until the Tribunal becomes...
![Delay in GSTAT Appointments Stops Appeal Clock: Chhattisgarh HC Grants Liberty to File Appeal with Statutory Stay [Read Order]](https://images.taxscan.in/h-upload/2025/12/15/500x300_2112358-delay-gstat-appointments-stops-appeal-clock-chhattisgarh-hc-grants-liberty-file-appeal-statutory-stay-taxscan.webp "Delay in GSTAT Appointments Stops Appeal Clock: Chhattisgarh HC Grants Liberty to File Appeal with Statutory Stay [Read Order]")