NCLT Mumbai rejects Parekh Aluminex liquidator’s request for private sale of asset significantly below reserve price. Orders Swiss Challenge auction to maximise value. Cites IBC regulations & NCLAT.
ITAT Delhi allows Flair Exports’ NSEL scam loss as business loss, finding claim not premature/speculative. Sets aside disallowance, citing precedents on write-offs.
ITAT Surat admits new evidence in Takhatsinh F. Dodia’s case, remanding a Rs. 17 lakh unsecured loan issue to the Assessing Officer for reassessment.
ITAT Pune allows Sai Sanskar Trust’s appeal against CIT(E) rejection of 12AA registration due to incorrect form section, granting opportunity for rectification.
Patna High Court sets aside delayed tax proceedings under Finance Act, 1994 due to failure to act within timeline prescribed in Section 73(4B).
Madras High Court rules that a taxpayer with a writ petition pending on disputed interest is eligible for the Vivad Se Vishwas scheme, quashing rejection & directing processing.
Kerala High Court rules that provisional attachment under Section 83 of CGST Act cannot extend beyond one year, and fresh attachment on the same facts is not allowed.
ITAT Cochin dismisses Federal Bank’s appeal as High Court order nullifies original assessment, rendering PCIT revision invalid.
Kerala HC dismisses writ petition challenging income tax assessment over disputed notice service. Court rules issue is a disputed fact not for writ. Directs taxpayer to file statutory appeal, granting one month.
Madras HC allows Akshaya Meditech to file delayed GST appeal (210 days), accepting reason of notice/order only on portal. Orders additional 15% deposit (total 25%) to condone delay.
