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Archive: 26 March 2025

Posts in 26 March 2025

IBBI suspends Valuer for non-compliance with valuation rules in CIRP case

March 26, 2025 498 Views 0 comment Print

IBBI suspends registered valuer Veer Singh for 3 months over non-compliance with valuation rules in CIRP case, citing lack of transparency in valuation reports.

IBBI Suspends Valuer over violations in valuation reports

March 26, 2025 798 Views 0 comment Print

IBBI suspends valuer Vipan Kumar for three months over violations in valuation reports. Issues include lack of proper documentation and market rate justification.

Properties cannot be attached indefinitely without subsequent steps to resolve the matter: Delhi HC

March 26, 2025 555 Views 0 comment Print

Summit Aviation Private Limited obtained financial assistance from respondent no.3, Punjab National Bank, for the purchase of helicopters. This financial assistance was secured through a hypothecation agreement dated 12.05.2008.

ITAT Upholds PCIT Order: LIC Annuity as Taxable Salary

March 26, 2025 1269 Views 0 comment Print

ITAT Ahmedabad dismisses appeals by GE Power India ex-staff, backing PCIT’s order for fresh assessment due to wrongly claimed tax exemptions on VRS.

GST Appeal Limitation: Three months follows British calendar, not 90 days – Kerala HC

March 26, 2025 1530 Views 0 comment Print

 Kerala HC rules on GST appeal limitation, holding that ‘month’ under Section 107 of CGST/SGST Acts follows the British calendar system, allowing appeal reinstatement.

GST Appeal Limitation: 90 Days vs. 3 Months – Madras HC Orders Reexamination

March 26, 2025 1725 Views 0 comment Print

 Madras HC sets aside order rejecting GST appeal due to limitation period misinterpretation, directing the appellate authority to reassess the filing period.

Pending criminal case at WLOR stage not a bar for passport re-issuance: Madras HC

March 26, 2025 480 Views 0 comment Print

 Madras High Court directs the Regional Passport Office to process Seeniselvam’s passport application despite a pending criminal case at the WLOR stage.

Form 10AB for Section 12A Registration cannot be rejected for technical error: ITAT Delhi

March 26, 2025 2112 Views 1 comment Print

ITAT Delhi sets aside CIT(E) order rejecting Raj Krishan Jain Trust’s 12A registration due to a typographical error, directing fresh adjudication.

ITAT Surat Allows Rectification of Form 10AB for Section 12A/12AB registration   

March 26, 2025 1386 Views 0 comment Print

ITAT Surat allows Swaminarayan Gadi Trust to rectify errors in its tax exemption applications under Sections 12A/12AB and 80G(5) of the Income Tax Act.

Patna HC Allows Rectification of ITC Claim Under GST

March 26, 2025 1224 Views 0 comment Print

Patna High Court allows Platinum Ispat Industries to seek rectification of denied input tax credit under the revised GST provisions and government circular.

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