Annual Corporate Law Case Digests : NCLAT Rulings of 2025 (Part 7)
Unregistered Documents Cannot Create Security Interest to Retain Title Deeds: NCLAT Dismisses Appeal Mr. V. Jaisankar vs Mr. Mahalingam Suresh...
![ITR E-Filing Mandatory for Companies from May 2007: Madras HC Denies S. 80-IC Deduction to Gemini Communication Ltd [Read Order]](https://images.taxscan.in/h-upload/2026/01/09/250x150_2117976-itr-e-filing-mandatory-companies-f-may-2007-madras-hc-deduction-gemini-communication-ltd-taxscan.webp "ITR E-Filing Mandatory for Companies from May 2007: Madras HC Denies S. 80-IC Deduction to Gemini Communication Ltd [Read Order]")
![DGFT Introduces Interest Subvention to Reduce Cost of Pre and Post-Shipment Export Credit for MSMEs [Read Notification]](https://images.taxscan.in/h-upload/2026/01/07/250x150_2117627-dgft-introduces-interest-subvention-reduce-cost-pre-post-shipment-export-credit-msmes-taxscan.webp "DGFT Introduces Interest Subvention to Reduce Cost of Pre and Post-Shipment Export Credit for MSMEs [Read Notification]")
![Supreme Court Upholds ITAT Order Restoring Income Tax Appeal Despite Pending Settlement Proceedings [Read Order]](https://images.taxscan.in/h-upload/2026/01/09/250x150_2117981-supreme-court-upholds-itat-order-restoring-income-tax-appeal.webp "Supreme Court Upholds ITAT Order Restoring Income Tax Appeal Despite Pending Settlement Proceedings [Read Order]")
Mere Change in Head of Loss Does Not Constitute Under-Reporting u/s 270A: ITAT Deletes ₹15.19 Cr Penalty [Read Order]
The Income Tax Appellate Tribunal, Mumbai Bench (ITAT), held that a mere change in the head under which a loss is classified cannot be treated as under-reporting of income for the purpose of...
![Mere Change in Head of Loss Does Not Constitute Under-Reporting u/s 270A: ITAT Deletes ₹15.19 Cr Penalty [Read Order]](https://images.taxscan.in/h-upload/2026/01/08/500x300_2117857-mere-change-head-loss-does-not-constitute-taxscan.jfif "Mere Change in Head of Loss Does Not Constitute Under-Reporting u/s 270A: ITAT Deletes ₹15.19 Cr Penalty [Read Order]")
GST Refund on Exports Cannot Be Rejected Only for Delay in Furnishing LUT or Bond: Karnataka HC [Read Order]
In a recent ruling, the Karnataka High Court held that a GST refund on exports cannot be rejected only because the exporter did not furnish a Letter of Undertaking (LUT) or Bond before making the...
![GST Refund on Exports Cannot Be Rejected Only for Delay in Furnishing LUT or Bond: Karnataka HC [Read Order]](https://images.taxscan.in/h-upload/2026/01/09/500x300_2117974-gst-refund-exports-cannot-rejected-only-for-delay-furnishing-lut-bond-karnataka-hc-taxscan.webp "GST Refund on Exports Cannot Be Rejected Only for Delay in Furnishing LUT or Bond: Karnataka HC [Read Order]")
Compounding Fee must be Paid by ‘Officer in Default’, Not Third party: Telangana HC allows Request to Rectify MCA Records [Read Order]
The Telangana High Court, in its recent ruling has allowed the request of the petitioner-director to rectify MCA ( Ministry of Corporate Affairs ) records with regards to wrong mentioning of...
![Compounding Fee must be Paid by ‘Officer in Default’, Not Third party: Telangana HC allows Request to Rectify MCA Records [Read Order]](https://images.taxscan.in/h-upload/2026/01/09/500x300_2117978-compounding-fee-must-paid-officer-default-third-party-telangana-hc-allow.webp "Compounding Fee must be Paid by ‘Officer in Default’, Not Third party: Telangana HC allows Request to Rectify MCA Records [Read Order]")
Revenue’s “No ITR Filed” Claim Backfires: Supreme Court sustains Deletion of Income Tax Addition made without Proof [Read Judgement]
The Supreme Court has declined to interfere with a ruling by the Gujarat High Court by which a reassessment initiated on a mistaken premise was quashed along with the deletion of an income tax...
![Revenue’s “No ITR Filed” Claim Backfires: Supreme Court sustains Deletion of Income Tax Addition made without Proof [Read Judgement]](https://images.taxscan.in/h-upload/2026/01/09/500x300_2117977-supreme-court-income-tax-ruling-taxscan.webp "Revenue’s “No ITR Filed” Claim Backfires: Supreme Court sustains Deletion of Income Tax Addition made without Proof [Read Judgement]")
Workers Not Entitled to Wages for Period Not Worked During CIRP: NCLAT upholds Layoff Notice, Approved Resolution Plan Binding on All Stakeholders [Read Order]
The Principal Bench of National Company Law Appellate Tribunal (NCLAT) at New Delhi, held that workers are entitled to wages during CIRP only if the corporate debtor is a going concern and they...
![Workers Not Entitled to Wages for Period Not Worked During CIRP: NCLAT upholds Layoff Notice, Approved Resolution Plan Binding on All Stakeholders [Read Order]](https://images.taxscan.in/h-upload/2026/01/07/500x300_2117525-nclat-resolution-plan-taxscan.jfif "Workers Not Entitled to Wages for Period Not Worked During CIRP: NCLAT upholds Layoff Notice, Approved Resolution Plan Binding on All Stakeholders [Read Order]")
No PE Established: Delhi HC Quashes 3.5% TDS Certificate u/s 197 issued against GE Energy, Restores to 1.5% [Read Order]
The Delhi High Court quashed the TDS certificate under Section 197 ofIncome Tax Act, 1961 at the 3.5% issued against GE Energy stating no Permanent Establishment (PE) was established. It restored...
![No PE Established: Delhi HC Quashes 3.5% TDS Certificate u/s 197 issued against GE Energy, Restores to 1.5% [Read Order]](https://images.taxscan.in/h-upload/2026/01/09/500x300_2117965-pe-established-delhi-hc-quashes-tds-certificate-issued-ge-energy-taxscan.webp "No PE Established: Delhi HC Quashes 3.5% TDS Certificate u/s 197 issued against GE Energy, Restores to 1.5% [Read Order]")