NCLAT Delhi held that filing of application u/s. 7 of the IBC even after agreeing on restructuring of loan by majority of lenders is justifiable since all Lenders have their independent rights to take such measures as per their Bank’s policy.
Petitioner viz., Flemingo Duty Free Shop Private Limited, is a company incorporated under Companies Act, 1956. Respondent No.3 Airport authority of India is a Public Sector Enterprise and responsible for operation, management and maintenance of airports in India.
The petitioner is essentially aggrieved by the denial of the benefit of paying tax at lower rate in terms of Section 115BAA of the Act, which was introduced by the virtue of Taxation Laws (Amendment) Act, 2019 with effect from 01.04.2020.
High Courts direct timely resolution of GST registration cancellation SCNs & rectification applications, protecting business rights from prolonged suspensions.
Calcutta High Court stays a GST demand against Anmol Stainless, finding a prima facie case against the extended limitation period for SCN issuance under Notifications 9/2023-CT and 56/2023-CT, citing lack of force majeure.
Orissa High Court held that delay in filing Audit Report in Form 10B due to Covid-19 pandemic condoned and since it is settled law that delay in case of genuine hardship need to be allowed.
Allahabad High Court rules against GST registration cancellation for Nitco Coating Agency, citing a lack of physical notice and personal hearing, a violation of natural justice.
Delhi High Court directs KMG Industrial Traders to GST appellate authority for a merits-based review of an INR 27.15 crore ITC fraud demand, acknowledging pre-deposit.
Delhi High Court quashes a show cause notice against Mascon, citing the Sales Tax Officer’s failure to consider the assessee’s challenge to a notification, remanding the case for fresh adjudicatio
Delhi High Court directs MoUD and Finance Ministry to confer on GST demand by DGGI on NBCC’s Kidwai Nagar project ESCROW funds.
