![NCLT Admits S. 9 Application, Initiates CIRP Against Tirumalla Agro Industries for ₹1.11 Crore Default [Read Order]](https://images.taxscan.in/h-upload/2025/11/04/500x300_2102315-nclt-cirp-cirp-against-tirumalla-agro-industries-tirumalla-agro-industries-taxscan-.webp "NCLT Admits S. 9 Application, Initiates CIRP Against Tirumalla Agro Industries for ₹1.11 Crore Default [Read Order]")
NCLT Admits S. 9 Application, Initiates CIRP Against Tirumalla Agro Industries for ₹1.11 Crore Default [Read Order]
The National Company Law Tribunal (NCLT), Mumbai Bench, has admitted a Section 9 application filed by an Operational Creditor, thereby initiating...
![Tax Audit u/s 44AB Not Applicable When Turnover is Below ₹60 Lakh: ITAT Deletes Addition [Read Order]](https://images.taxscan.in/h-upload/2025/11/04/250x150_2102287-tax-audit-itat-itat-deletes-addition-applicable-when-turnover-taxscan.webp "Tax Audit u/s 44AB Not Applicable When Turnover is Below ₹60 Lakh: ITAT Deletes Addition [Read Order]")
![Gujarat HC Upholds NCLT’s Power to Direct Lessee to Vacate Corporate Debtor’s Property [Read Order]](https://images.taxscan.in/h-upload/2025/11/04/250x150_2102349-gujarat-hc-nclt-corporate-debtor-corporate-debtors-property-taxscan.webp "Gujarat HC Upholds NCLT’s Power to Direct Lessee to Vacate Corporate Debtor’s Property [Read Order]")
18% GST on Flow Meter Maintenance: AAR Rejects 'Composite Supply' Claim, Denies Nil Rate Benefit [Read Order]
The Andhra Pradesh Authority for Advance Ruling (AAR) has ruled that maintenance charges for flow meters do not form a composite supply with the supply of recycled water and are therefore taxable at...
![18% GST on Flow Meter Maintenance: AAR Rejects Composite Supply Claim, Denies Nil Rate Benefit [Read Order]](https://images.taxscan.in/h-upload/2025/11/04/500x300_2102298-aar-gst-flow-meter-maintenance-taxscan.webp "18% GST on Flow Meter Maintenance: AAR Rejects Composite Supply Claim, Denies Nil Rate Benefit [Read Order]")
Unexplained Cash Deposits in Co-op Credit Society Require Verification: ITAT Remands ₹5 Cr Addition u/s 69A for Fresh Adjudication [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has remanded a ₹5 crore addition made under Section 69A of the Income Tax Act, holding that cash deposits in a co-operative credit...
![Unexplained Cash Deposits in Co-op Credit Society Require Verification: ITAT Remands ₹5 Cr Addition u/s 69A for Fresh Adjudication [Read Order]](https://images.taxscan.in/h-upload/2025/11/04/500x300_2102313-unexplained-cash-deposits-co-op-credit-society-itat-taxscan.webp "Unexplained Cash Deposits in Co-op Credit Society Require Verification: ITAT Remands ₹5 Cr Addition u/s 69A for Fresh Adjudication [Read Order]")
Funds Declared in Settlement Proceedings Cannot Be Treated as Unexplained Loans: Delhi HC rejects Revenue Appeal in Income Tax Case [Read Order]
The Delhi High Court has held that funds disclosed and taxed in proceedings before the Income Tax Settlement Commission cannot subsequently be treated as unexplained loans under Section 68 of the...
![Funds Declared in Settlement Proceedings Cannot Be Treated as Unexplained Loans: Delhi HC rejects Revenue Appeal in Income Tax Case [Read Order]](https://images.taxscan.in/h-upload/2025/11/04/500x300_2102300-funds-declared-settlement-proceedings-unexplained-loans-delhi-hc-revenue-appeal-income-tax-case-taxscan.webp "Funds Declared in Settlement Proceedings Cannot Be Treated as Unexplained Loans: Delhi HC rejects Revenue Appeal in Income Tax Case [Read Order]")
Reassessment Notice beyond 3 years Requires Mandatory Approval from PCCIT: ITAT Quashes Notice against Barclays [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) dismissed the appeal of the Revenue and upheld the order of the Commissioner of Income Tax (Appeals) ( CIT(A) ) which had quashed the...
![Reassessment Notice beyond 3 years Requires Mandatory Approval from PCCIT: ITAT Quashes Notice against Barclays [Read Order]](https://images.taxscan.in/h-upload/2025/11/04/500x300_2102288-itat-mumbai-reassessment-notice-itat-quashes-taxscan.webp "Reassessment Notice beyond 3 years Requires Mandatory Approval from PCCIT: ITAT Quashes Notice against Barclays [Read Order]")
GST Recovery Misapplied: Andhra Pradesh HC Orders Re-credit of ₹16.48 Lakh to Petitioners Mistakenly Linked to Defaulting Company [Read Order]
In a recent decision, the Andhra Pradesh High Court granted interim relief in a GST recovery dispute where funds were wrongly recovered from parties unconnected to the defaulting company. The...
![GST Recovery Misapplied: Andhra Pradesh HC Orders Re-credit of ₹16.48 Lakh to Petitioners Mistakenly Linked to Defaulting Company [Read Order]](https://images.taxscan.in/h-upload/2025/11/04/500x300_2102264-gst-recovery-gst-recovery-misapplied-andhra-pradesh-hc-re-credit-taxscan.webp "GST Recovery Misapplied: Andhra Pradesh HC Orders Re-credit of ₹16.48 Lakh to Petitioners Mistakenly Linked to Defaulting Company [Read Order]")
SCNs Issued within Limitation Period: Delhi HC upholds Customs Action on Seized Gold Chains u/s 110 of Customs Act
The petitions were filed by five individuals, Ms Aarti Mangla Aggarwal, Mr Manish Aggarwal, Ms Shilpi Gupta, Mr Abhishek Gupta, and Mr Rishi Goel, seeking the release of seven gold chains seized by...
Late ESI Contribution Deposited Before ITR Due Date: ITAT Upholds Deletion of Disallowance [Read Order]
The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) confirmed the deletion of an addition made under Section 36(1)(va) read with Section 2(24)(x) of the Income Tax Act, 1961 (the Act) for ...
![Late ESI Contribution Deposited Before ITR Due Date: ITAT Upholds Deletion of Disallowance [Read Order]](https://images.taxscan.in/h-upload/2025/11/04/500x300_2102213-itat-jaipur-esi-itat-upholds-disallowance-taxscan.webp "Late ESI Contribution Deposited Before ITR Due Date: ITAT Upholds Deletion of Disallowance [Read Order]")