NCLT Bengaluru held that claims filed at a belated stage after approval of resolution plan by the Committee of Creditors (CoC) cannot be allowed. Thus, resolution professional rightly rejected such belated claims.
Certain expenses related to cost of improvement of land put forward by assessee were disallowed noting lack of proper and sufficient evidence to support claims of cost incurred for improvement of property.
ITAT Jaipur condoned delay of 108 days in filing of an appeal, however, imposed cost of Rs. 8,000/- to be deposited in ‘Prime Minister Relief Fund’ (PMRF) as the appellant was not diligent enough to timely file an appeal.
Summary of ITAT Raipur decision in Satish Agrawal vs. ITO. The case concerns denied exemption under Section 54F of the Income Tax Act for AY 2014-15.
Draft rules propose amendments to the Static and Mobile Pressure Vessels (Unfired) Rules, 2016, including updated inspection and certification fees.
Explore GST implications for personal and corporate guarantees provided by directors and holding companies, including valuation, RCM, and GST rates.
Punjab & Haryana HC confirms that the Armed Forces Tribunal has jurisdiction to review the legality of a ‘displeasure award’ given by army authorities.
Discover the real implications of Section 50C and significant court rulings affecting real income taxation. Explore crucial tax decisions and compliance tips.
Allahabad High Court directs Bushrah Export House to appeal against refund denial under CGST Act, despite delays and ongoing special appeal.
ITAT Bangalore held that disallowance of agricultural expenses based on estimation is unsustainable without concrete evidence, ruling in favor of A.S. Srinath (HUF).
