NCLAT Delhi held that status quo order by forcing corporate debtor to restore liquidator amounts to stalling the voluntary liquidation process. Thus, adjudicating authority cannot restore status quo under voluntary liquidation process.
IBBI withdraws Form IP-1 for all IBC processes from July 14, 2025, following introduction of revised reporting framework and electronic Assignment Module.
Apply for concurrent and stock auditor empanelment with Indian Bank. Open to retired officers, Chartered Accountants, and Cost Accountants. Deadline: 24/07/2025
India’s DGFT invites stakeholder feedback on a new draft Internal Compliance Programme (ICP) for dual-use (SCOMET) item exports to enhance regulatory adherence.
Jane Street deposits INR 4,843.57 crore into an escrow account, complying with SEBI’s interim order; SEBI reviews request to lift restrictions.
The ITAT Rajkot recently deliberated on whether a co-operative society could be denied an 80P deduction for a belatedly filed income tax return. This case examines the scope of adjustments under Section 143(1) of the Income Tax Act.
ITAT Ahmedabad allows co-operative societies to claim 80P(2)(d) deduction on interest from co-op banks, distinguishing it from private bank interest.
ITAT Mumbai addresses a cooperative housing society’s appeal, examining the disallowance of Section 80P deductions by CPC and clarifying the scope of permissible adjustments under Section 143(1)(a) of the Income Tax Act, 1961.
Delhi ITAT voids IHG IT Services’ assessment for AY 2010-11, citing procedural delay in passing the final order after DRP directions under Section 144C(13).
The ITAT Delhi quashed the assessment order against Dabur Pharma Ltd. for being time-barred, clarifying the mandatory one-month deadline for Assessing Officers under Section 144C(13) of the Income Tax Act, 1961, following DRP directions.
