ITAT Ahmedabad quashed assessment on a non-existent company and allowed Section 32 depreciation on goodwill arising from amalgamation for AY 2016-17.
Gujarat HC quashed reassessment and penalty orders issued against a deceased person, holding proceedings concluded against a dead person are a nullity.
SC held that under Section 153C, the six-year assessment period for a third-party assessee begins from receipt of seized material by the jurisdictional AO, not the search date.
CESTAT Delhi held that ancillary electricity distribution services and liquidated damages are not liable to service tax, while sustaining tax on lease rent and works contract services.
Supreme Court quashed criminal proceedings after a full OTS settlement, noting no surviving claim, parity with co-accused, and no continuing public interest.
IBBI suspended an Insolvency Professional for three years over wrongful rejection of an admitted CIRP claim and non-compliance with AA and NCLAT orders.
RBI notified that Coӧperatieve Rabobank U.A. ceased to be a banking company and directed its exclusion from the RBI Act’s Second Schedule.
MCA extends the Companies Compliance Facilitation Scheme, 2026 up to 31 August 2026 due to data center restoration following the 05 June 2026 fire incident.
Ontario Superior Court set aside a divorce order under Rule 25(19) after finding fraudulent divorce documents, duress, and non-compliance with the Divorce Act.
Royal Courts of Justice held lawyers must independently verify AI-generated legal authorities, warning that fake citations may lead to regulatory action and sanctions.
