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![NCLT admits CIRP Application of Canara Bank Citing Default payment of a debt amount beyond Rs, 1 Crore [Read Order]](https://images.taxscan.in/h-upload/2025/09/13/500x300_2086437-nclt-cirp-canara-bank-default-payment-debt-amount-taxscan.webp "NCLT admits CIRP Application of Canara Bank Citing Default payment of a debt amount beyond Rs, 1 Crore [Read Order]")
NCLT admits CIRP Application of Canara Bank Citing Default payment of a debt amount beyond Rs, 1 Crore [Read Order]
The National Company Law Tribunal ( NCLT) Cuttack Bench admitted the application filed by Canara Bank citing the default payment of a debt...
![CBIC Issues Clarification on GST Treatment of Secondary & Post-Sale Discounts [Read Circular]](https://images.taxscan.in/h-upload/2025/09/13/250x150_2086373-cbic-issues-clarification-on-gst-treatment-taxscan.webp "CBIC Issues Clarification on GST Treatment of Secondary & Post-Sale Discounts [Read Circular]")
![NCLT Admits Application of IDBI Bank u/s 7 of IBC as Corporate Debtor Acknowlegdes OTS on Due Debt within period of limitation [Read Order]](https://images.taxscan.in/h-upload/2025/09/13/250x150_2086323-nclt-idfc-bank-ibc-corporate-debtor-application-of-idfc-bank-taxscan.webp "NCLT Admits Application of IDBI Bank u/s 7 of IBC as Corporate Debtor Acknowlegdes OTS on Due Debt within period of limitation [Read Order]")
![RTI Act does not covers Redressal of Grievance, Non-compliance of rules, etc: IBBI [Read Order]](https://images.taxscan.in/h-upload/2025/09/13/250x150_2086290-ibbi-taxscan.webp "RTI Act does not covers Redressal of Grievance, Non-compliance of rules, etc: IBBI [Read Order]")
![Share Capital from Alleged Shell Companies Accepted as Genuine: ITAT quashes Income Tax Revision u/s 263 [Read Order]](https://images.taxscan.in/h-upload/2025/09/13/250x150_2086235-genuineness-share-capital-share-capital-received-itat-itat-upholds-cita-decision-cita-deletes-addition-taxscan.webp "Share Capital from Alleged Shell Companies Accepted as Genuine: ITAT quashes Income Tax Revision u/s 263 [Read Order]")
Supreme Court to Decide on Whether Wipro Can Claim Excise Exemption for New Products Made in Existing Unit Post Cut-Off Date, Lists matter on 15th Sep 2025
In a pending appeal, the Supreme Court of India is set to examine a challenge filed by the Commissioner of CGST against Wipro Enterprises Pvt. Ltd., questioning the company’s entitlement to ...
![Bar Council of Delhi Cancels Licenses of Over 100 Advocates for Fake Degrees [Read Notification]](https://images.taxscan.in/h-upload/2025/09/13/500x300_2086210-bar-council-of-delhi-bar-council-of-india-taxscan.webp "Bar Council of Delhi Cancels Licenses of Over 100 Advocates for Fake Degrees [Read Notification]")
Speculative participants driven by profit Motives cannot be Permitted to Misuse IBC Provisions: SC Directs Center to Create Revival Fund for Stressed Real Estate Projects [Read Order]
The Supreme Court in a recent ruling held that speculative participants driven by profit motives cannot be permitted to misuse Insolvency Bankruptcy Code (IBC), 2016 provisions and directed the...
![Speculative participants driven by profit Motives cannot be Permitted to Misuse IBC Provisions: SC Directs Center to Create Revival Fund for Stressed Real Estate Projects [Read Order]](https://images.taxscan.in/h-upload/2025/09/13/500x300_2086184-2085588-supreme-court-income-tax-taxscan.webp "Speculative participants driven by profit Motives cannot be Permitted to Misuse IBC Provisions: SC Directs Center to Create Revival Fund for Stressed Real Estate Projects [Read Order]")
Customs Dept. Cannot Deny Import Duty Exemption Made under Valid DFRC/DFIA Licences but Later Cancelled by DGFT: CESTAT [Read Order]
The Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ), Chennai has ruled that Customs authorities cannot deny duty exemption on imports made under valid DFRC/DFIA licences which were...
![Customs Dept. Cannot Deny Import Duty Exemption Made under Valid DFRC/DFIA Licences but Later Cancelled by DGFT: CESTAT [Read Order]](https://images.taxscan.in/h-upload/2025/09/13/500x300_2086130-import-duty-exemption-taxscan.webp "Customs Dept. Cannot Deny Import Duty Exemption Made under Valid DFRC/DFIA Licences but Later Cancelled by DGFT: CESTAT [Read Order]")