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Supreme Court Upholds Bombay High Court Ruling on ITAT Remand Assessment Time Limit Under Section 153 of Income Tax Act

Summary The Supreme Court's dismissal of the Revenue's special leave petition in Asst./DCIT vs. Laqshya Media Limited firmly upholds the Bombay High ...
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GST Demands Extinguished Under Approved IBC Resolution Plan Cannot Be Adjudicated: Calcutta High Court Rules in SREI Equipment Finance Case

Summary The Calcutta High Court's ruling in SREI Equipment Finance Limited Vs Union of India & Ors. firmly establishes that once a resolution plan is ...
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Bombay High Court Quashes Reassessment Notices Issued on Borrowed Satisfaction and Suspicion: Neetu M. Chandaliya Case

Summary The Bombay High Court's ruling in Neetu M. Chandaliya Vs ITO delivers a clear and firm message to the Revenue: the power of reassessment under ...
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CESTAT Chennai Quashes Service Tax Demands on Composite Construction Works Contracts: Key Takeaways from Srinivasa Shipping Case

Summary The CESTAT Chennai, in Srinivasa Shipping & Property Developers Ltd. Vs Commissioner of GST & Central Excise, has set aside service tax demands ...
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ARQP Scheme: GST Council's 57th Meeting Greenlights Annual Return with Quarterly Tax Payment for Small B2C Businesses

This development signals a meaningful shift in the GST Council's ongoing efforts to reduce procedural burdens on micro and small enterprises that cater exclusively to end consumers, and represents one ...
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GSTAT Raipur Invalidates Mechanical Appellate Orders, Remands Cases for Fresh Adjudication Over Violation of Natural Justice

Summary The GSTAT Raipur's decision in the connected appeals of Cheema Trading Company Vs Commissioner State GST serves as a binding precedent on the ...
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Income Tax Refund Set-Off During Liquidation Requires Filing of Claim: NCLAT Delhi Ruling in Avil Menezes vs PCIT

The NCLT Mumbai, through its impugned order, dismissed the liquidator's application, holding that Section 245 of the Income Tax Act, 1961 granted the Income Tax Department a statutory right of set-off ...
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Reassessment Proceedings Against Non-Existent Amalgamated Entity Quashed: Bombay High Court Ruling in Vertiv Energy Case

Summary The Bombay High Court's decision in Vertiv Energy Pvt. Ltd. vs ACIT reaffirms the well-established legal position that reassessment ...
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NCLAT Delhi Restores Electricity Dues Claim After Counsel's Deliberate Non-Appearance and NOC Refusal Stall Proceedings

Summary The NCLAT, Delhi's ruling in Eastern Power Distribution Company of Andhra Pradesh Limited Vs Daulat Resolution Services Pvt. Ltd. reinforces ...
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NCLT Allahabad Issues Procedural Directions for Statutory Notices in TNS Hotels and Mirza International Amalgamation Petition

Summary The NCLT Allahabad Bench, in the matter of T N S Hotels And Resorts Pvt Ltd Vs Mirza International Ltd, passed a Second Motion procedural ...
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NCLAT Delhi Dismisses IMPPA's Challenge to Section 244 Waiver in Oppression and Mismanagement Petition

Summary The NCLAT's decision in Indian Motion Picture Producers Association Vs Sanjeev Kumar Singh and Ors settles several procedural questions arising in ...
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NCLAT Delhi: Quashed NCLT Order Cannot Sustain Continued Seizure of Company Documents — Rock Bottom Mines Case

NCLAT Delhi Holds That a Quashed NCLT Order Leaves No Surviving Directions — Documents Seized Under It Must Be Returned Forthwith Background and Context ...