![Gujarat HC Orders Interim Disbursement in Liquidation, Directs Independent CA to Re-Verify Workmen Claims [Read Order]](https://images.taxscan.in/h-upload/2025/12/22/2113751-ca-gujarat-hc-interim-disbursement-liquidation-re-verify-workmen-liquidation-process-workmen-claims-taxscan.webp "Gujarat HC Orders Interim Disbursement in Liquidation, Directs Independent CA to Re-Verify Workmen Claims [Read Order]")
Gujarat HC Orders Interim Disbursement in Liquidation, Directs Independent CA to Re-Verify Workmen Claims [Read Order]
The Gujarat High Court has permitted interim disbursement of sale proceeds in the liquidation process, while directing fresh re-verification of...
![11.54% TDS on NRI Share Transfers u/s 112(1)(c)(iii): ITAT Rejects Revenue’s ₹2.37 Crore Default Claim Against Godrej Agrovet [Read Order]](https://images.taxscan.in/h-upload/2025/12/22/2113749-tds-nri-share-transfers-itat-rejects-revenue-default-claim-godrej-agrovet-taxscan.webp "11.54% TDS on NRI Share Transfers u/s 112(1)(c)(iii): ITAT Rejects Revenue’s ₹2.37 Crore Default Claim Against Godrej Agrovet [Read Order]")
![Interest-Free Funds Presumption: ITAT Deletes ₹28.78 Lakh 14A Interest Disallowance for Co-op Bank [Read Order]](https://images.taxscan.in/h-upload/2025/12/22/2113736-interest-free-funds-presumption-itat-deletes-interest-disallowance-co-op-bank-taxscan.webp "Interest-Free Funds Presumption: ITAT Deletes ₹28.78 Lakh 14A Interest Disallowance for Co-op Bank [Read Order]")
![MCA Imposes Maximum Penalty for Internal Auditor Appointment Lapse on Private Company and Its Directors [Read Order]](https://images.taxscan.in/h-upload/2025/12/22/2113714-mca-maximum-penalty-internal-auditor-taxscan.jfif "MCA Imposes Maximum Penalty for Internal Auditor Appointment Lapse on Private Company and Its Directors [Read Order]")
![MCA Penalises Private Company and its Director for Improper Appointment of Non‑Resident Managing Director [Read Order]](https://images.taxscan.in/h-upload/2025/12/22/2113725-mca-private-company-mca-penalty-improper-appointment-managing-director-appointment-non-resident-director-taxscan.webp "MCA Penalises Private Company and its Director for Improper Appointment of Non‑Resident Managing Director [Read Order]")
![Annual Tax & Corporate Law Digest 2025: Complete High Court Cases [Part XII]](https://images.taxscan.in/h-upload/2025/12/20/2113481-annual-tax-corporate-law-digest-2025-complete-high-court-cases-part-xii-taxscan.webp "Annual Tax & Corporate Law Digest 2025: Complete High Court Cases [Part XII]")
![Annual Tax & Corporate Law Digest 2025: Complete High Court Cases [Part IX]](https://images.taxscan.in/h-upload/2025/12/20/2113401-annual-tax-corporate-law-digest-2025-complete-high-court-cases-part-ix-taxscan.jfif "Annual Tax & Corporate Law Digest 2025: Complete High Court Cases [Part IX]")
Provision for Warranty Not Contingent when Based on Scientific Method: ITAT Directs AO to allow Correct Deduction [Read Order]
The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) ruled that a provision for warranty is not a contingent liability and should be allowed as a deduction when made on a scientific...
![Provision for Warranty Not Contingent when Based on Scientific Method: ITAT Directs AO to allow Correct Deduction [Read Order]](https://images.taxscan.in/h-upload/2025/12/20/2113411-provision-warranty-contingent-based-scientific-method-itat-directs-ao-allow-correct-deduction-taxscan.webp "Provision for Warranty Not Contingent when Based on Scientific Method: ITAT Directs AO to allow Correct Deduction [Read Order]")
90‑Day Irregularity under RBI IRACP Norms Established: Delhi HC Upholds Canara Bank’s NPA Classification as Lawful [Read Order]
The Delhi High Court has upheld Canara Bank’s decision to classify the loan account of respondents as a Non‑Performing Asset (NPA), holding that the bank’s action strictly conformed to the Reserve...
![90‑Day Irregularity under RBI IRACP Norms Established: Delhi HC Upholds Canara Bank’s NPA Classification as Lawful [Read Order]](https://images.taxscan.in/h-upload/2025/12/15/2112363-rbi-iracp-npa-canara-bank-90day-irregularity-iracp-norms-classification-lawful-taxscan.webp "90‑Day Irregularity under RBI IRACP Norms Established: Delhi HC Upholds Canara Bank’s NPA Classification as Lawful [Read Order]")
CBI Court Sentences DRDA Chief Finance & Accounts Officer in SGRY Scam Involving ₹1 Crore Loss after 17 Years
The Central Bureau of Investigation ( CBI ) has court in Lucknow sentenced the accused to five years of rigorous imprisonment for causing a loss of over ₹1 crore to the government exchequer related...
ITAT Penalty Confirmation Not Mandatory for Criminal Prosecution in High-Value Income Tax Evasion Cases: Delhi HC [Read Order]
The Delhi High Court recently held that criminal prosecution under the Income Tax Act, 1961 is not contingent upon confirmation of penalty or attainment of finality from the Income Tax Appellate...
![ITAT Penalty Confirmation Not Mandatory for Criminal Prosecution in High-Value Income Tax Evasion Cases: Delhi HC [Read Order]](https://images.taxscan.in/h-upload/2025/12/21/2113633-itat-penalty-confirmation-mandatory-criminal-prosecution-high-value-income-tax-evasion-cases-delhi-hc-taxsxcan.jfif "ITAT Penalty Confirmation Not Mandatory for Criminal Prosecution in High-Value Income Tax Evasion Cases: Delhi HC [Read Order]")
Transfer‑Fee Claim Not a “Hydra Head” Frozen by Resolution Plan: Calcutta HC Dismisses Appeal Against WBIDC [Read Order]
The Calcutta High Court has dismissed an appeal filed by the appellant, affirming the Single Judge’s refusal to interfere with the West Bengal Industrial Development Corporation’s (WBIDC) demand...
![Transfer‑Fee Claim Not a “Hydra Head” Frozen by Resolution Plan: Calcutta HC Dismisses Appeal Against WBIDC [Read Order]](https://images.taxscan.in/h-upload/2025/12/13/2111886-transferfee-claim-hydra-head-frozen-resolution-plan-calcutta-hc-dismisses-appeal-against-wbidc.webp "Transfer‑Fee Claim Not a “Hydra Head” Frozen by Resolution Plan: Calcutta HC Dismisses Appeal Against WBIDC [Read Order]")