Learn how secured creditors can relinquish or realize their security interest during liquidation under IBC, including timelines and procedures under Section 52.
SC rules that directors cannot face Section 138 NI Act cases if the cause of action arises after insolvency proceedings begin under IBC Section 14.
Understanding territorial jurisdiction under Section 138 of the NI Act. Key rulings and amendments explain where cheque bounce cases can be filed.
Allahabad High Court quashes GST order for procedural lapses, highlighting the need to supply the SIB report to ensure adherence to principles of natural justice.
Supreme Court ruling clarifies that buildings can qualify as ‘plant’ under Section 17(5)(d) of CGST, allowing ITC if essential for service provision.
Promoters must meet an 80% threshold for input and input services from registered suppliers, with tax on shortfall paid under RCM. Cement attracts 28% GST.
Understand deadlines for issuing SCNs and adjudication orders under Sections 73 and 74 of CGST Act for FY 2017-18 to FY 2020-21.
Madras HC condones delay in appeal filing post-rectification petition rejection in Tvl. SKL Exports v. Deputy Commissioner (ST)(GST). Appeals to be disposed on merits.
Madras High Court rules fresh SCN necessary if tax proposals are modified based on assesse’s reply in case of Vela Agencies vs. Assistant Commissioner ST FAC.
Calcutta High Court allows appeal beyond limitation period in Sushil Kumar Hazra vs. State of West Bengal, highlighting medical reasons for delay.
