Liquidator vide letter dated 20.11.2021 did not accept the claim principally on the ground of violation of Moratorium. On instructions of the Liquidator, the Corporate Debtor has challenged the order dated 11.10.2021 passed u/s. 7A of the EPF Act before CGIT Ahmedabad in appeal bearing EPF Appeal (CGIT) No.36 of 2021.
NCLAT Delhi held that matter regarding admission of application filed under section 9 of the Insolvency and Bankruptcy Code is required to be remanded back for fresh consideration existence of pre-existing dispute based on additional affidavit submitted.
Orissa High Court stays GST demand on ISD credit distribution, cites Karnataka HC precedent, examines constitutionality of Section 21 CGST Act.
Supreme Court stays recovery of GST penalty under Section 122(1A), examines applicability to non-taxable persons and retrospective enforcement.
CAAR Mumbai permits Unibourne Food Ingredients LLP to withdraw its application on customs duty notification for shelled walnut imports.
ITAT Mumbai, allowed a taxpayer’s claim for a long-term capital gains exemption, ruling that date of possession, not date of agreement, is crucial factor for Section 54 of Income Tax Act.
Supreme Court used its extraordinary power to set aside a High Court order and restore a decade-old appeal related to clandestine removal, ensuring the company gets a remedy.
The ITAT Pune has quashed a tax assessment order against Pramod Manikchand Dugad, ruling that the Assessing Officer violated a key judicial precedent by finalizing the assessment less than four weeks after rejecting the taxpayer’s objections.
ITAT Pune has granted partial relief to an assessee, deleting a ₹5 lakh disallowance related to an unexplained cash deposit. Tribunal, however, upheld disallowance of a ₹10 lakh cash gift, ruling that an unregistered gift deed with no witnesses was insufficient evidence, especially when donor was deceased.
The Income Tax Appellate Tribunal has allowed a tax appeal by Workenstein Collaborative Spaces Pvt. Ltd., ruling that a company cannot be held responsible for its suppliers’ failure to file returns or respond to notices.
