The NCLT Mumbai held that a director diverted rental income from corporate debtor properties through forged leave and license agreements. The Tribunal ordered refund of the diverted amounts with 12% interest and referred the matter to the IBBI for further action.
The Supreme Court dismissed an SLP challenging the Telangana High Court’s refusal to entertain a GST writ petition. The Court found no reason to interfere with the High Court’s reliance on the Glaxo Smith Kline precedent.
The Telangana High Court dismissed a writ petition challenging a Section 73 GST order and attachment proceedings, holding that the matter was covered by the Supreme Court decision in Glaxo Smith Kline Consumer Health Care Limited.
The Supreme Court dismissed the Revenue’s SLP after the Calcutta High Court upheld the ITAT finding that reassessment proceedings were invalid as the AO had only suspicion and no valid reason to believe income escaped assessment.
The High Court ruled that reopening under Sections 147 and 148 was unsustainable because the Assessing Officer’s reasons amounted only to suspicion and not a valid reason to believe income had escaped assessment.
This article explains how India’s four new labour codes are transforming wages, payroll, industrial relations, social security, and workplace compliance from November 2025.
This article explains the key website disclosure requirements imposed on listed companies under SEBI LODR Regulations, 2015. It highlights mandatory disclosures relating to financials, governance, related party transactions, and investor communications.
The article explains how editable outward tax fields in GSTR-3B enable suppliers to evade tax payment while genuine buyers later suffer ITC denial and GST notices.
The new customs notifications standardize the effective import duty on gold and silver bullion at 15% through revised BCD, SWS, and AIDC structures.
Telangana High Court directed GST authorities to accept a physical revocation application where the GST portal no longer permitted online filing due to expiry of limitation. The Court granted relief after noting that registration was cancelled for non-filing of returns.
