NCLT Delhi admitted Bank of India’s insolvency petition against TDT Copper Ltd for default of ₹153.98 crore, initiating CIRP ...

Finding the tax order was passed without an opportunity of hearing, the Allahabad High Court set aside both the original ...

HC granted regular bail to director accused of availing fake input tax credit of ₹23.06 crore, noting that assessment was ...

Chhattisgarh HC directs GST Intelligence to avoid coercive action against a taxpayer in a fake ITC investigation, provided ...

CESTAT held that mere invoicing through a related foreign entity does not justify loading of assessable value under Customs law. Since no direct imports from related suppliers were established, value ...

Experts warn that inflexible provisions, unclear thresholds and procedural traps in new Simplified GST Scheme could trigger widespread legal disputes and taxpayer ...

The ITAT Chennai held that ₹1.98 crore received for reduction in profit-sharing ratio in CRCL LLP was not goodwill or taxable income under the Income Tax ...

Citing the Supreme Court's Jaypee Kensington judgment, the NCLAT ruled that minority creditors in a class cannot challenge a resolution plan approved by a significant majority. The appeal lacked ...

The Madras High Court granted conditional bail to petitioners arrested for allegedly smuggling 2.3 kg of gold worth over Rs. 2.58 crore from Singapore to Madurai. The bail requires a Rs. 10,000 bond, ...

ITAT Surat allowed Goverdhan Nathji Pare Bethakji Seva Trust's appeal, setting aside CIT(E)'s ex parte rejection of its trust registration application. Tribunal condoned a 24-day delay and restored ...

Tribunal held that sale proceeds of fixtures sold with a flat could not be taxed separately under income from other sources and quashed the CIT’s Section 263 ...

The Delhi High Court overturned the CESTAT's August 2024 order concerning the revocation of Primus Logistics' Customs Broker license. The CESTAT must now hear and decide the matter based on the ...