NCLT Delhi held that application u/s. 9 of Insolvency and Bankruptcy Code, 2016 for initiating CIRP against corporate debtor admitted as Operational Creditor satisfied all the required criteria and no pre-existing dispute was present in relation to payment of revised wages by the Corporate Debtor.
ICAI marked its 77th Foundation Day, with Union Minister Hardeep Singh Puri attending. The Institute launched its AI Agent and formed a group for rural economy development.
ICAI seeks public comments by July 31, 2025, on proposed amendments to Regulation 204, introducing “Forensic Investigation” into Chartered Accountants Regulations.
Jharkhand High Court held that review can only be sought if there is a mistake or an error apparent on the face of the record. A review petition has a limited purpose and cannot be allowed to be ‘an appeal in disguise’. Accordingly, review petition dismissed.
Allahabad High Court ruled that GST tax and penalties cannot be imposed for e-way bill issues if there’s no tax evasion intent and the bill was generated before detention.
The Bombay High Court set aside a GST recovery notice issued to a bank, ruling that the taxpayer must receive prior notice and an opportunity to dispute liability under Section 79(1)(c) of the CGST Act.
The Madras High Court directed a fresh GST assessment, citing a violation of natural justice when a taxpayer’s emailed reply was ignored and no personal hearing was granted.
Explore the prolonged delays in operationalizing India’s GST Appellate Tribunal (GSTAT), its impact on taxpayers and High Courts, and ongoing challenges despite recent appointments.
Understand when amended tax laws apply to past assessment years. Learn the distinction between prospective and retrospective application for substantive and procedural changes in tax jurisprudence.
Madras High Court held that the question of jurisdiction of Jurisdictional Assessing Officer (JAO) to conduct proceedings under section 148A of the Income Tax Act is referred to Larger Bench. Accordingly, writ disposed of.
