CESTAT held SVLDRS benefits lapsed as payment was made after the extended deadline. Service tax and interest were upheld, but penalty was deleted.
NCLT held TReDS reverse factoring dues remained operational debt, not financial debt, making a Section 7 IBC insolvency petition not maintainable.
ITAT excluded EDCIL, Just Dial, Info Edge and India Exposition Mart as transfer pricing comparables due to functional differences and restored one comparable for verification.
NCLT held that a bank’s unilateral transfer of funds did not amount to a preferential transaction as the Corporate Debtor had not given the alleged preference.
NCLT permitted stakeholder meetings after accepting clarifications on forfeited warrants, disclosures, and scheme compliance under the Companies Act.
CESTAT excluded reimbursable salary from taxable value while upholding other service tax demands. Penalties were deleted and limitation was restricted.
DRT Chandigarh quashed the auction after finding the bank failed to maintain the mandatory 15-day notice period before sale.
ITAT held interest on government grant funds was not taxable as the MOU required it to be added to the project corpus.
CESTAT ruled coaching in astronomy does not fall within recreational activities relating to arts, culture or sports under Notification 25/2012-ST.
Chhattisgarh HC granted bail after finding no unimpeachable document proving the applicant owned the firm. Issues of involvement were left for trial.
