![MCA Penalises Private Company and its Director for Improper Appointment of Non‑Resident Managing Director [Read Order]](https://images.taxscan.in/h-upload/2025/12/22/500x300_2113725-mca-private-company-mca-penalty-improper-appointment-managing-director-appointment-non-resident-director-taxscan.webp "MCA Penalises Private Company and its Director for Improper Appointment of Non‑Resident Managing Director [Read Order]")
MCA Penalises Private Company and its Director for Improper Appointment of Non‑Resident Managing Director [Read Order]
The Ministry of Corporate Affairs (MCA) has issued an adjudication order under Section 454 of the Companies Act, 2013, penalising a public company...
![Annual Tax & Corporate Law Digest 2025: Complete High Court Cases [Part XII]](https://images.taxscan.in/h-upload/2025/12/20/250x150_2113481-annual-tax-corporate-law-digest-2025-complete-high-court-cases-part-xii-taxscan.webp "Annual Tax & Corporate Law Digest 2025: Complete High Court Cases [Part XII]")
![Annual Tax & Corporate Law Digest 2025: Complete High Court Cases [Part IX]](https://images.taxscan.in/h-upload/2025/12/20/250x150_2113401-annual-tax-corporate-law-digest-2025-complete-high-court-cases-part-ix-taxscan.jfif "Annual Tax & Corporate Law Digest 2025: Complete High Court Cases [Part IX]")
![Provision for Warranty Not Contingent when Based on Scientific Method: ITAT Directs AO to allow Correct Deduction [Read Order]](https://images.taxscan.in/h-upload/2025/12/20/250x150_2113411-provision-warranty-contingent-based-scientific-method-itat-directs-ao-allow-correct-deduction-taxscan.webp "Provision for Warranty Not Contingent when Based on Scientific Method: ITAT Directs AO to allow Correct Deduction [Read Order]")
![90‑Day Irregularity under RBI IRACP Norms Established: Delhi HC Upholds Canara Bank’s NPA Classification as Lawful [Read Order]](https://images.taxscan.in/h-upload/2025/12/15/250x150_2112363-rbi-iracp-npa-canara-bank-90day-irregularity-iracp-norms-classification-lawful-taxscan.webp "90‑Day Irregularity under RBI IRACP Norms Established: Delhi HC Upholds Canara Bank’s NPA Classification as Lawful [Read Order]")
CBI Court Sentences DRDA Chief Finance & Accounts Officer in SGRY Scam Involving ₹1 Crore Loss after 17 Years
The Central Bureau of Investigation ( CBI ) has court in Lucknow sentenced the accused to five years of rigorous imprisonment for causing a loss of over ₹1 crore to the government exchequer related...
ITAT Penalty Confirmation Not Mandatory for Criminal Prosecution in High-Value Income Tax Evasion Cases: Delhi HC [Read Order]
The Delhi High Court recently held that criminal prosecution under the Income Tax Act, 1961 is not contingent upon confirmation of penalty or attainment of finality from the Income Tax Appellate...
![ITAT Penalty Confirmation Not Mandatory for Criminal Prosecution in High-Value Income Tax Evasion Cases: Delhi HC [Read Order]](https://images.taxscan.in/h-upload/2025/12/21/500x300_2113633-itat-penalty-confirmation-mandatory-criminal-prosecution-high-value-income-tax-evasion-cases-delhi-hc-taxsxcan.jfif "ITAT Penalty Confirmation Not Mandatory for Criminal Prosecution in High-Value Income Tax Evasion Cases: Delhi HC [Read Order]")
Transfer‑Fee Claim Not a “Hydra Head” Frozen by Resolution Plan: Calcutta HC Dismisses Appeal Against WBIDC [Read Order]
The Calcutta High Court has dismissed an appeal filed by the appellant, affirming the Single Judge’s refusal to interfere with the West Bengal Industrial Development Corporation’s (WBIDC) demand...
![Transfer‑Fee Claim Not a “Hydra Head” Frozen by Resolution Plan: Calcutta HC Dismisses Appeal Against WBIDC [Read Order]](https://images.taxscan.in/h-upload/2025/12/13/500x300_2111886-transferfee-claim-hydra-head-frozen-resolution-plan-calcutta-hc-dismisses-appeal-against-wbidc.webp "Transfer‑Fee Claim Not a “Hydra Head” Frozen by Resolution Plan: Calcutta HC Dismisses Appeal Against WBIDC [Read Order]")
![Annual Tax & Corporate Law Digest 2025: Complete High Court Cases [Part X]](https://images.taxscan.in/h-upload/2025/12/20/500x300_2113471-annual-tax-corporate-law-digest-2025-complete-high-court-cases-part-x.webp "Annual Tax & Corporate Law Digest 2025: Complete High Court Cases [Part X]")
![Annual Tax & Corporate Law Digest 2025: Complete High Court Cases [Part XI]](https://images.taxscan.in/h-upload/2025/12/20/500x300_2113494-annual-tax-corporate-law-high-court-tax-digest-2025-high-court-cases-taxscan.webp "Annual Tax & Corporate Law Digest 2025: Complete High Court Cases [Part XI]")
PCIT can Sanction Income Tax Prosecution where Alleged Tax Evasion Exceeds ₹25 Lakh: Delhi HC [Read Order]
The Delhi High Court reaffirmed that the Principal Commissioner of Income Tax (PCIT) is competent to sanction the department to launch prosecution under the Income Tax Act, 1961, in cases where the...
![PCIT can Sanction Income Tax Prosecution where Alleged Tax Evasion Exceeds ₹25 Lakh: Delhi HC [Read Order]](https://images.taxscan.in/h-upload/2025/12/21/500x300_2113624-pcit-sanction-income-tax-prosecution-alleged-tax-evasion-exceeds-delhi-hc.webp "PCIT can Sanction Income Tax Prosecution where Alleged Tax Evasion Exceeds ₹25 Lakh: Delhi HC [Read Order]")
![Annual Tax & Corporate Law Digest 2025: Complete High Court Cases [Part VIII]](https://images.taxscan.in/h-upload/2025/12/20/500x300_2113404-annual-tax-corporate-law-digest-2025-complete-high-court-cases-part-viii-taxscan.webp "Annual Tax & Corporate Law Digest 2025: Complete High Court Cases [Part VIII]")