₹7 Crore Share Sale Treated as Unexplained Cash Credit u/s 68: Karnataka HC Upholds ITAT Decision, Finds Transactions Genuine [Read Order]
The High Court of Karnataka, dismissed the Revenue’s appeal and upheld the Income Tax Appellate Tribunal (ITAT) decision, holding that the ₹7 crore...
![Justice M. Sundar Appointed Chief Justice of Manipur High Court [Read Notification]](https://images.taxscan.in/h-upload/2025/09/14/250x150_2086950-justice-m-sundar-chief-justice-manipur-high-court-taxscan.webp "Justice M. Sundar Appointed Chief Justice of Manipur High Court [Read Notification]")
![CBIC Notifies Customs (Finalisation of Provisional Assessment) Regulations, 2025 [Read Notification]](https://images.taxscan.in/h-upload/2025/09/14/250x150_2086860-cbic-notifies-customs-finalisation-of-provisional-assessment-regulations-2025-taxscan.webp "CBIC Notifies Customs (Finalisation of Provisional Assessment) Regulations, 2025 [Read Notification]")
Queries on Eligibility to Appear for Limited Insolvency Examination: IBBI Refuses to Answer due to availability of information on IBBI Website [Read Order]
The Insolvency and Bankruptcy Board of India ( IBBI ) refused to answer the queries on eligibility to appear for the limited insolvency examination, which was conducted by the authority...
![Queries on Eligibility to Appear for Limited Insolvency Examination: IBBI Refuses to Answer due to availability of information on IBBI Website [Read Order]](https://images.taxscan.in/h-upload/2025/09/14/500x300_2086727-queries-on-eligibility-appear-for-limited-insolvency-examination-ibbi-refuses-answer-availability-of-information-ibbi-website-taxscan.webp "Queries on Eligibility to Appear for Limited Insolvency Examination: IBBI Refuses to Answer due to availability of information on IBBI Website [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 amount beyond Rs, 1 Crore as evident from the Form-C...
![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]")
![CBIC Issues Clarification on GST Treatment of Secondary & Post-Sale Discounts [Read Circular]](https://images.taxscan.in/h-upload/2025/09/13/500x300_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]
In a recent case, the Cuttack bench of the National Company Law Tribunal(NCLT) admitted the application of IDBI Bank filed under section 7 of the Insolvency and Bankruptcy Code,2016 (IBC) as the ...
![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/2025/09/13/500x300_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/2025/09/13/500x300_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]
The Income Tax Appellate Tribunal (ITAT), Delhi bench, set aside the order of the Principal Commissioner of Income Tax (Pr. CIT) passed under Section 263 of theIncome Tax Act, 1961, holding that the...
![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/2025/09/13/500x300_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 ...
