SARFAESI Notice Deemed Valid Invocation: NCLT Orders Insolvency Against Personal Guarantor [Read Order]
The National Company Law Tribunal (NCLT), Mumbai Bench, has admitted an application to initiate the insolvency resolution process against a personal...
Gujarat HC upholds CESTAT order Granting Excise Exemption to Pre-Laminated Bagasse Board citing Coordinate Bench Ruling [Read Order]
The Gujarat High Court upheld the Ahmedabad bench Customs, Excise & Service Tax Appellate Tribunal (CESTAT) which granted excise duty exemption to pre-laminated bagasse boards stating that ...
Ex-Parte GST Order Not Final: Madras HC Grants Opportunity to Recontest after 50% Disputed Tax Payment Owing to Non-Participation [Read Order]
The Madras High Court set aside the immediate enforcement of a GST demand raised for the 2020–21 period, granting conditional relief to petitioner after finding that the assessee had not responded...
Works Contractor challenges GST Order Months after its upload and Awareness: AP HC Dismisses Petition as Rectification already Pending [Read Order]
In the recent ruling, the Andhra Pradesh High Court dismissed a works contractor’s petition challenging the GST assessment order filed months after its upload and where the petitioner was already...
Revision Invalid when Assessment Order u/s 153A passed with JCIT Approval u/s 153D: ITAT [Read Order]
The Pune Bench of the Income Tax Appellate Tribunal (ITAT) set aside an order passed under Section 263 of the Income Tax Act, 1961 and ruled that a revision of an assessment order made under Section...
Regd. Seller cannot be Denied Tax Deduction because Regd. Dealer Stole ST-15 Forms: Punjab & Haryana HC [Read Order]
The Punjab and Haryana High Court at Chandigarh recently clarified that a registered seller cannot be denied tax deduction benefits merely because the ST-15 forms furnished by a purchasing dealer...
TPO's Failure to Adopt Prescribed Benchmarking Method u/s 92C: ITAT Deletes Protective TP Addition on Interest Income [Read Order]
The Pune Bench of the Income Tax Appellate Tribunal (ITAT) deleted a protective Transfer Pricing (TP) adjustment of ₹13,81,700 on interest income and ruled that the Transfer Pricing Officer (TPO) ...
