ITAT Kolkata restricted oil and fuel expense disallowance to 5%, holding that full disallowance would result in an unrealistic net profit in the transportation business.
ITAT Surat quashed reassessment, holding denial of cross-examination and initiation under Section 147 instead of Section 153C rendered the proceedings invalid.
NCLAT Delhi held an appeal e-filed at 9 PM on the 45th day remained within the condonable period under Section 61 IBC, with limitation computed from the date of e-filing.
NCLT Mumbai held that failure to comply with Regulation 21A timelines barred a secured creditor from exercising Section 52 rights, making the secured assets part of the liquidation estate.
Karnataka HC set aside the order quashing reassessment notices and remanded the matter, permitting challenge to Section 147A in line with the SC ruling.
Gujarat HC dismissed a money recovery appeal, holding that unsupported claims and an unproved photocopy could not discharge the burden under Sections 101 and 102.
NCLT Jaipur held a Personal Guarantor may seek RP replacement under Section 98 IBC even after admission, but dismissed the plea for lack of evidence of bias or misconduct.
NCLAT held that procedural non-rectification of defects under Rule 28(4) should not deprive an Operational Creditor of adjudication on merits, while retaining costs and imposing strict timelines for compliance.
Jammu & Kashmir HC upheld a pre-trial amendment adding possession relief, holding Order II Rule 2 CPC did not bar amendment and delay alone was insufficient.
Calcutta HC held that Section 96 IBC does not bar or require dismissal of a civil suit filed before Section 95 proceedings and remanded the suit for trial.
