NCLAT Delhi held that the capital investment under the reseller agreement lacks the essential ingredients of financial debt under Section 5(8) (f) of the Insolvency and Bankruptcy Code. Accordingly, dismissal of petition u/s. 7 for CIRP justified.
ITAT Mumbai remands Gabriel India’s tax appeal over Rs. 72 lakh capital work-in-progress dispute. CIT(A) ordered to admit new evidence.
The Supreme Court ruled on July 14, 2025, that rape charges can be quashed based on settlement in exceptional cases, emphasizing judicial discretion.
Understand professional negligence, including who can be held liable. Learn about making a claim against individuals, firms, or organizations for substandard professional services.
Madras High Court clarifies natural justice in rectification application dismissals under TNGST Act. The ruling upholds a single judge’s decision, emphasizing actual rectification for natural justice to apply, not just application denial.
Supreme Court rules a partnership does not dissolve upon a partner’s death if the deed provides for continuity. Legal heirs’ consent is not mandatory for firm reconstitution, rejecting IOCL’s supply cessation.
Understand the Annual Information Statement (AIS) on the Income Tax website, a comprehensive record of your financial transactions, and learn how to review it for accurate ITR filing.
Learn how AIS and Form 26AS mismatches can lead to tax notices, scrutiny, and penalties. Understand common errors and ways to avoid income tax complications.
RBI assigns State Bank of India as Lead Bank for Arunachal Pradesh’s newly formed Keyi Panyor and Bichom districts, effective July 18, 2025.
Explore contrasting Kerala and Bombay High Court judgments on RERA’s “promoter” definition. Understand implications for landowner and co-promoter liability in real estate development projects
