![Failure to Implement Resolution Plan: NCLT Dismisses SRA’s Plea to Treat ₹350 Crore as CIRP Cost in Jet Airways Liquidation [Read Order]](https://images.taxscan.in/h-upload/2026/01/07/500x300_2117556-failure-to-implement-resolution-plan-taxscan.jfif "Failure to Implement Resolution Plan: NCLT Dismisses SRA’s Plea to Treat ₹350 Crore as CIRP Cost in Jet Airways Liquidation [Read Order]")
Failure to Implement Resolution Plan: NCLT Dismisses SRA’s Plea to Treat ₹350 Crore as CIRP Cost in Jet Airways Liquidation [Read Order]
The Mumbai bench of the National Company Law Tribunal (NCLT) has dismissed the special resolution applicant's (SRA) plea to treat Rs 350 cr as the...
![NCLAT Dismisses Share Transfer Appeal as Time-Barred, Rules Section 14 Benefit Not Applicable after Failed Civil Suit [Read Order]](https://images.taxscan.in/h-upload/2026/01/07/250x150_2117548-nclat-dismisses-share-transfer-appeal-time-barred-rules.webp "NCLAT Dismisses Share Transfer Appeal as Time-Barred, Rules Section 14 Benefit Not Applicable after Failed Civil Suit [Read Order]")
![Land kept as Security can be Auctioned for Loan Default after giving 30 Days Time to clear Dues u/r 9(1) SARFAESI: J&K HC [Read Order]](https://images.taxscan.in/h-upload/2026/01/07/250x150_2117508-land-kept-security-can-auctioned-loan-default-after-giving-30-days-time-clear-dues-ur-91-sarfaesi-jk-hc-taxscan.webp "Land kept as Security can be Auctioned for Loan Default after giving 30 Days Time to clear Dues u/r 9(1) SARFAESI: J&K HC [Read Order]")
![DGFT Removes Import Restrictions on Low Ash Metallurgical Coke Import [Read Notification]](https://images.taxscan.in/h-upload/2026/01/07/250x150_2117506-dgft-removes-import-restrictions-low-ash-metallurgical-coke-import.webp "DGFT Removes Import Restrictions on Low Ash Metallurgical Coke Import [Read Notification]")
Even if Service Tax Not Payable on Detention Charges, Credit Cannot be Denied once Tax is Paid: CESTAT [Read Order]
The Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ), Kolkata Bench, has held that even where Service Tax was not legally payable on detention or demurrage charges, CENVAT credit cannot...
![Even if Service Tax Not Payable on Detention Charges, Credit Cannot be Denied once Tax is Paid: CESTAT [Read Order]](https://images.taxscan.in/h-upload/2026/01/07/500x300_2117616-service-tax-payable-detention-charges-credit-tax-paid-cestat-taxscan.webp "Even if Service Tax Not Payable on Detention Charges, Credit Cannot be Denied once Tax is Paid: CESTAT [Read Order]")
Reassessment Based on Audit Objection without AO’s application of mind is Invalid: Supreme Court Decides in favour of Adani Power [Read Order]
The Supreme court, in the matter of Adani Power Rajasthan has confirmed the principle that any income tax reassessment initiated based on Audit party objection without application of mind of the...
![Reassessment Based on Audit Objection without AO’s application of mind is Invalid: Supreme Court Decides in favour of Adani Power [Read Order]](https://images.taxscan.in/h-upload/2026/01/07/500x300_2117585-reassessment-based-audit-objection-without-aos-application-mind-is-invalid-supreme-court-decides-favour-adani-power-taxscan.webp "Reassessment Based on Audit Objection without AO’s application of mind is Invalid: Supreme Court Decides in favour of Adani Power [Read Order]")
No Addition Permissible in Unabated AY Without Incriminating Material Found During Search: ITAT Deletes Rs. 7.25 Crore Addition [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) deleted ₹7.25 crore addition under Section 68, holding that no addition can be made in an unabated assessment year without incriminating...
![No Addition Permissible in Unabated AY Without Incriminating Material Found During Search: ITAT Deletes Rs. 7.25 Crore Addition [Read Order]](https://images.taxscan.in/h-upload/2026/01/07/500x300_2117591-itat-deletes-rs-725-crore-addition-taxscan.jfif "No Addition Permissible in Unabated AY Without Incriminating Material Found During Search: ITAT Deletes Rs. 7.25 Crore Addition [Read Order]")
Security Cheque Defence Rejected: Himachal Pradesh HC upholds Conviction u/s 138 NI Act but Reduces Jail Term to 6 Months [Read Order]
The Himachal Pradesh High Court has upheld the conviction of the petitioner under section 138 of the Negotiable Instruments (NI) Act 1881 and has rejected the petitioner’s defence that the issued...
![Security Cheque Defence Rejected: Himachal Pradesh HC upholds Conviction u/s 138 NI Act but Reduces Jail Term to 6 Months [Read Order]](https://images.taxscan.in/h-upload/2026/01/07/500x300_2117536-security-cheque-security-cheque-defence-himachal-pradesh-high-court-security-cheque-defence-rejected-himachal-pradesh-high-court-judgment-cheque-bounce-conviction-taxscan.webp "Security Cheque Defence Rejected: Himachal Pradesh HC upholds Conviction u/s 138 NI Act but Reduces Jail Term to 6 Months [Read Order]")
Supreme Court Grants Bail to Amtek Group Promoter in alleged ₹673 Crore Bank Fraud Case under PMLA [Read Order]
The Supreme Court has granted bail to Arvind Dham, former promoter and non-executive Chairman of the Amtek Group, in a money laundering case linked to an alleged Rs. 673 crore bank fraud under the...
![Supreme Court Grants Bail to Amtek Group Promoter in alleged ₹673 Crore Bank Fraud Case under PMLA [Read Order]](https://images.taxscan.in/h-upload/2026/01/07/500x300_2117589-bank-fraud-case-taxscan.webp "Supreme Court Grants Bail to Amtek Group Promoter in alleged ₹673 Crore Bank Fraud Case under PMLA [Read Order]")
GST Personal Hearing Fixed before Reply Date is Putting ‘Cart Before Horse’: Uttarakhand HC sets aside Order against Ad Agency [Read Order]
In a recent ruling, the Uttarakhand High Court has set aside a GST ( Goods and Services Tax ) order passed against an Ad agency. It reiterated the observation of the same high court in another case...
![GST Personal Hearing Fixed before Reply Date is Putting ‘Cart Before Horse’: Uttarakhand HC sets aside Order against Ad Agency [Read Order]](https://images.taxscan.in/h-upload/2026/01/07/500x300_2117595-gst-personal-hearing-fixed-reply-date-cart-horse-uttarakhand-hc-order-ad-agency-taxscan.webp "GST Personal Hearing Fixed before Reply Date is Putting ‘Cart Before Horse’: Uttarakhand HC sets aside Order against Ad Agency [Read Order]")
Magistrate Cannot Take Cognizance of Time-Barred Cheque Dishonour Complaint Without Condoning Delay First: Supreme Court [Read Order]
In a recent decision, the Supreme Court said that a magistrate can't take notice of a cheque bounce case if it's filed late without condoning the delay first. The case was brought by S. Nagesh,...
![Magistrate Cannot Take Cognizance of Time-Barred Cheque Dishonour Complaint Without Condoning Delay First: Supreme Court [Read Order]](https://images.taxscan.in/h-upload/2026/01/07/500x300_2117587-magistrate-cannot-take-cognizance-of-time-barred-cheque-dishonour-complaint-without-condoning-delay-first-supreme-court-taxscan.webp "Magistrate Cannot Take Cognizance of Time-Barred Cheque Dishonour Complaint Without Condoning Delay First: Supreme Court [Read Order]")