![NCLAT Upholds Rejection of Section 7 Application as Default Amount was Below ₹1 Crore, Sets Aside Penalty u/s 65 [Read Order]](https://images.taxscan.in/h-upload/2025/09/30/500x300_2092810-nclat-application-penalty-taxscan.webp "NCLAT Upholds Rejection of Section 7 Application as Default Amount was Below ₹1 Crore, Sets Aside Penalty u/s 65 [Read Order]")
NCLAT Upholds Rejection of Section 7 Application as Default Amount was Below ₹1 Crore, Sets Aside Penalty u/s 65 [Read Order]
The National Company Law Appellate Tribunal (NCLAT) upheld the order of the Indore Bench of the National Company Law Tribunal (NCLT) rejecting a...
![Fraudulent GST ITC Claim from Non-Existent Supplier: Delhi HC Dismisses Writ Petition, Upholds Finality of Order and Ledger Blocking [Read Order]](https://images.taxscan.in/h-upload/2025/09/30/250x150_2092823-gst-itc-claim-gst-fraudulent-gst-itc-claim-non-existent-supplier-taxscan.webp "Fraudulent GST ITC Claim from Non-Existent Supplier: Delhi HC Dismisses Writ Petition, Upholds Finality of Order and Ledger Blocking [Read Order]")
![Interest on Enhanced Compensation forms Part of Compensation, Exempted from Income Tax u/s 10(37) and RFCTLARR Act: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/09/30/250x150_2092816-compensation-forms-income-tax-rfctlarr-act-itat-taxscan.webp "Interest on Enhanced Compensation forms Part of Compensation, Exempted from Income Tax u/s 10(37) and RFCTLARR Act: ITAT [Read Order]")
![Sand Lime Bricks is Type of Fly Ash Bricks, Eligible for Excise Exemption: CESTAT Quashes Excise Duty Demand of Rs. 2.6 crores [Read Order]](https://images.taxscan.in/h-upload/2025/09/30/250x150_2092805-type-of-fly-ash-bricks-eligible-for-excise-exemption-taxscan.webp "Sand Lime Bricks is Type of Fly Ash Bricks, Eligible for Excise Exemption: CESTAT Quashes Excise Duty Demand of Rs. 2.6 crores [Read Order]")
![Net Taxable Interest Higher Than Expense Bars Disallowance u/s. 14A: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/09/30/250x150_2092772-net-taxable-interest-expense-bars-disallowance-itat-taxscan.webp "Net Taxable Interest Higher Than Expense Bars Disallowance u/s. 14A: ITAT [Read Order]")
![ITAT grants Relief to Wadhwagroup Holdings Deleting Disallowances Amounting ₹213.04 crore [Read Order]](https://images.taxscan.in/h-upload/2025/09/30/500x300_2092760-disallowance-taxscan.webp "ITAT grants Relief to Wadhwagroup Holdings Deleting Disallowances Amounting ₹213.04 crore [Read Order]")
Compounding Fees from Illegal Mining Treated as ‘Transfer of Rights’: ITAT confirms TCS Liability u/s 206C(1C) of Income Tax Act Against Mining Officer [Read Order]
The Raipur bench of the Income Tax Appellate Tribunal, has ruled that compounding fees collected from illegal mining, transportation, and storage of minerals constitute a ‘transfer of rights’ and...
![Compounding Fees from Illegal Mining Treated as ‘Transfer of Rights’: ITAT confirms TCS Liability u/s 206C(1C) of Income Tax Act Against Mining Officer [Read Order]](https://images.taxscan.in/h-upload/2025/09/30/500x300_2092781-compounding-fees-from-illegal-mining-itat-tcs-income-tax-act-taxscan.webp "Compounding Fees from Illegal Mining Treated as ‘Transfer of Rights’: ITAT confirms TCS Liability u/s 206C(1C) of Income Tax Act Against Mining Officer [Read Order]")
Revenue Bound to Refund Excess VAT Once Form-P is Issued: Madras HC Orders Return of ₹1.14 Crore with 6% Interest [Read Order]
The Madurai Bench of the Madras High Court recently affirmed that the Revenue is bound to refund excess tax once the Form-P - used to summarize the final outcome of the assessment records the...
![Revenue Bound to Refund Excess VAT Once Form-P is Issued: Madras HC Orders Return of ₹1.14 Crore with 6% Interest [Read Order]](https://images.taxscan.in/h-upload/2025/09/30/500x300_2092712-vat-allahabad-hc-slams-vat-assessing-authority-taxscan.webp "Revenue Bound to Refund Excess VAT Once Form-P is Issued: Madras HC Orders Return of ₹1.14 Crore with 6% Interest [Read Order]")
Bombay HC upholds ITAT Order quashing Revision by PCIT, rules in Favour of Gehna Jewellers despite Non-Furnishing of Carat Wise Details [Read Order]
The Bombay High Court dismissed the Revenue’s appeal against the Income Tax Appellate Tribunal’s order that set aside the Principal Commissioner of Income Tax’s revision under Section 263 for...
![Bombay HC upholds ITAT Order quashing Revision by PCIT, rules in Favour of Gehna Jewellers despite Non-Furnishing of Carat Wise Details [Read Order]](https://images.taxscan.in/h-upload/2025/09/30/500x300_2092854-revision-taxscan.webp "Bombay HC upholds ITAT Order quashing Revision by PCIT, rules in Favour of Gehna Jewellers despite Non-Furnishing of Carat Wise Details [Read Order]")
NCLT Barred from Adjudicating on Limitation in S. 95 Applications before Appointment of Resolution Professional: NCLAT allows appeal filed by Canara Bank [Read Order]
While allowing appeal filed by Canara Bank, the New Delhi bench of the National Company Law Appellate Tribunal (NCLAT) has held that the Adjudicating Authority, National Company Law Tribunal (NCLT)...
![NCLT Barred from Adjudicating on Limitation in S. 95 Applications before Appointment of Resolution Professional: NCLAT allows appeal filed by Canara Bank [Read Order]](https://images.taxscan.in/h-upload/2025/09/30/500x300_2092768-nclt-adjudicating-on-limitation-appointment-of-resolution-taxscan.webp "NCLT Barred from Adjudicating on Limitation in S. 95 Applications before Appointment of Resolution Professional: NCLAT allows appeal filed by Canara Bank [Read Order]")
Trader Profiteered from Vaseline Product by Not Passing on GST Rate Reduction Benefit to Consumers: Delhi HC Upholds NAPA’s Order [Read Order]
In a recent ruling, the Delhi High Court held that a trader profiteered from the sale of a Vaseline product by not passing on the benefit of the reduction in GST rate from 28% to 18% to consumers and...
![Trader Profiteered from Vaseline Product by Not Passing on GST Rate Reduction Benefit to Consumers: Delhi HC Upholds NAPA’s Order [Read Order]](https://images.taxscan.in/h-upload/2025/09/30/500x300_2092848-trader-profiteered-vaseline-product-passing-gst-rate-reduction-benefit-consumers-delhi-hc-napas-taxscan.webp "Trader Profiteered from Vaseline Product by Not Passing on GST Rate Reduction Benefit to Consumers: Delhi HC Upholds NAPA’s Order [Read Order]")
Commercial Litigant Cannot Shift Blame to Counsel for Repeated Non-Appearance in Restoration Applications: NCLAT [Read Order]
The New Delhi bench of the National Company Law Appellate Tribunal (NCLAT) has held that a commercial litigant cannot evade the consequences of repeated non-appearance and negligence in prosecuting...
![Commercial Litigant Cannot Shift Blame to Counsel for Repeated Non-Appearance in Restoration Applications: NCLAT [Read Order]](https://images.taxscan.in/h-upload/2025/09/30/500x300_2092752-nclat-commercial-litigant-counsel-taxscan.webp "Commercial Litigant Cannot Shift Blame to Counsel for Repeated Non-Appearance in Restoration Applications: NCLAT [Read Order]")