NCLT Delhi held that application under section 9 of the Insolvency and Bankruptcy Code, 2016 [IBC] for initiation of CIRP not maintainable since there exists genuine and long-standing disputes. Accordingly, petition dismissed.
Delhi High Court held that different floors of a singular house cannot be considered as multiple residential houses. Accordingly, deduction under section 54F of the Income Tax Act cannot be denied. Thus, appeal of revenue dismissed.
Madras High Court rules income tax recovery automatically stays upon 20% pre-deposit for appeal. Recovery notice quashed; appeal disposal ordered within 3 weeks.
Madras HC Directs Widow to Re-Represent Before ITO for Tax Refund
Madras High Court upholds income tax notice against advocate for not filing returns on Rs. 55.8 lakh cash withdrawal, even as Power of Attorney.
Madras High Court condones 30-day delay in GST appeal due to taxpayer’s unawareness, allowing appeal on payment of additional 5% pre-deposit.
Karnataka High Court stops ₹9.5 Cr GST recovery from Nexus Shantiniketan Retail, allowing appeal period and extending interim protection for the firm.
Madras High Court permits senior citizen to withdraw ₹2 lakh monthly from attached pension account, citing hardship, while tax appeal is pending.
Madras High Court grants GI.Retail Pvt. Ltd. two weeks to respond to a show-cause notice and orders personal hearing due to confusion over overlapping notices.
Supreme Court affirms Gujarat High Court decision allowing GST appeal pre-deposit using Electronic Credit Ledger, rejecting Revenue’s challenge.
