![IBBI Suspends Insolvency Professional for Overlooking Conflict of Interest in Resolution Plan [Read Notification]](https://images.taxscan.in/h-upload/2025/07/31/500x300_2071466-ibbi-taxscan.webp "IBBI Suspends Insolvency Professional for Overlooking Conflict of Interest in Resolution Plan [Read Notification]")
IBBI Suspends Insolvency Professional for Overlooking Conflict of Interest in Resolution Plan [Read Notification]
The Insolvency and Bankruptcy Board of India (IBBI) has ordered the suspension of a registered Insolvency Professional (IP) for a period of one year....
![GST Win for Pharma Giant: AAR Allows ITC on Mandatory Canteen Services Under Factories Act [Read Order]](https://images.taxscan.in/h-upload/2025/07/31/250x150_2071456-gst-win-pharma-giant-aar-allows-itc-mandatory-canteen-services-under-factories-act-taxscan.webp "GST Win for Pharma Giant: AAR Allows ITC on Mandatory Canteen Services Under Factories Act [Read Order]")
![Madras High Court Questions NCLT’s Discretion in IRP Appointment, Reaffirms Primacy of IBC Provisions [Read Order]](https://images.taxscan.in/h-upload/2025/07/31/250x150_2071454-madras-high-court-questions-nclts-discretion-appointment-reaffirms-primacy-ibc-provisions-taxscan.webp "Madras High Court Questions NCLT’s Discretion in IRP Appointment, Reaffirms Primacy of IBC Provisions [Read Order]")
![NCLAT Affirms Resolution Professional’s Right to Terminate LLA and Recover Possession During Moratorium [Read Order]](https://images.taxscan.in/h-upload/2025/07/31/250x150_2071390-nclat-ibc-taxscan.webp "NCLAT Affirms Resolution Professional’s Right to Terminate LLA and Recover Possession During Moratorium [Read Order]")
SEBI removes CP Code Requirement for NRIs Trading in Derivatives to Boost Ease of Investment [Read Circular]
The Securities and Exchange Board of India (SEBI) issued a circular dated July 29, 2025, removing the long-standing requirement for Non-Resident Indians (NRIs) to obtain a Custodial Participant (CP)...
![SEBI removes CP Code Requirement for NRIs Trading in Derivatives to Boost Ease of Investment [Read Circular]](https://images.taxscan.in/h-upload/2025/07/31/500x300_2071323-sebi-remove-cp-code-nri-taxscan.webp "SEBI removes CP Code Requirement for NRIs Trading in Derivatives to Boost Ease of Investment [Read Circular]")
Relief for Reliance Jio: Jammu & Kashmir HC Rules No Penalty Under Entry Tax Act for Bypassing Check Post [Read Order]
In a recent ruling, the Jammu & Kashmir and Ladakh High Court held that no penalty can be imposed under the Entry Tax Act solely for bypassing a check post, in the absence of any allegation of...
![Relief for Reliance Jio: Jammu & Kashmir HC Rules No Penalty Under Entry Tax Act for Bypassing Check Post [Read Order]](https://images.taxscan.in/h-upload/2025/08/02/500x300_2072234-reliance-jio.webp "Relief for Reliance Jio: Jammu & Kashmir HC Rules No Penalty Under Entry Tax Act for Bypassing Check Post [Read Order]")
GST Officer Erred by Issuing Order on Matter Already Before DGGI and Stayed by Karnataka HC: Bombay HC Quashes Order [Read Order]
In a recent decision, the Bombay High Court quashed a GST order after finding that the tax officer had proceeded with adjudication even though the same matter was already under consideration by the ...
![GST Officer Erred by Issuing Order on Matter Already Before DGGI and Stayed by Karnataka HC: Bombay HC Quashes Order [Read Order]](https://images.taxscan.in/h-upload/2025/08/02/500x300_2072229-bombay-hc-taxscan.webp "GST Officer Erred by Issuing Order on Matter Already Before DGGI and Stayed by Karnataka HC: Bombay HC Quashes Order [Read Order]")
Delhi HC Clarifies Adjournment Rule Under GST in Tata Play Case: Maximum 3 Adjournments Allowed But Not Mandatory [Read Order]
In a recent ruling, the Delhi High Court held that under the GST Act, allowing three adjournments during adjudication proceedings is permissible, but not mandatory. The court was hearing a writ...
![Delhi HC Clarifies Adjournment Rule Under GST in Tata Play Case: Maximum 3 Adjournments Allowed But Not Mandatory [Read Order]](https://images.taxscan.in/h-upload/2025/08/02/500x300_2072222-adjournment-tata-play-taxscan.webp "Delhi HC Clarifies Adjournment Rule Under GST in Tata Play Case: Maximum 3 Adjournments Allowed But Not Mandatory [Read Order]")
Time Limit to Avail ITC of Import IGST paid via Re-assessed Bill of Entry is governed by Section 16(4) CGST Act: AAR in Becton, Dickinson India’s Case [Read Order]
The Tamil Nadu Authority for Advance Ruling (AAR) considered the eligibility to claim input tax credit (ITC) for import Integrated Goods and Services Tax (IGST) paid through reassessed bills of...
![Time Limit to Avail ITC of Import IGST paid via Re-assessed Bill of Entry is governed by Section 16(4) CGST Act: AAR in Becton, Dickinson India’s Case [Read Order]](https://images.taxscan.in/h-upload/2025/08/01/500x300_2071959-input-tax-credit-taxscan.webp "Time Limit to Avail ITC of Import IGST paid via Re-assessed Bill of Entry is governed by Section 16(4) CGST Act: AAR in Becton, Dickinson India’s Case [Read Order]")