Delhi High Court held that disallowance under section 80M of the Income Tax Act to the extent of divided distributed to the shareholders unsustainable in law. Accordingly, disallowance rightly deleted by CIT(A).
Delhi High Court ruling: Income tax claim extinguishes with National Company Law Tribunal’s (NCLT) approval of a resolution plan. Analysis and case details.
Delhi High Court nullifies an income tax assessment order due to the denial of a video conferencing hearing request, citing a breach of natural justice.
Delhi High Court rules that additions under section 153C of the Income Tax Act without incriminating material are invalid. Get insights into this judgment.
Delhi High Court grants refund for Input Tax Credit (ITC) rejected under GST. Explore the case of Star Publishers Distributors Vs Assistant Commissioner of CGST and its implications.
The Delhi High Court sets aside a GST registration cancellation order that lacked a clear reason, highlighting a violation of natural justice.
Delhi High Court directs the government to expedite the disposal of pending tax appeals, addressing concerns raised by tax practitioners.
Delhi High Court held that as revenue has failed to lodge the claim with the Resolution Professional, they cannot enforce the impugned orders and notices, given the binding nature of approved Resolution Plan.
Delhi High Court held that reopening of closed assessment which has reached culmination without any actionable material is unsustainable in law and hence liable to be quashed.
Board is the authority to regulate the functioning of the Insolvency Professionals and the Board comprises of experts in the field who have been appointed by the Central Government to carry out the functions specified under Part IV of the IBC.
