Chennai ITAT finds revisionary authority’s exercise of jurisdiction under section 263 invalid when a larger issue is pending before CIT(A), upholding legal precedents.
Explore the ITAT Bangalore verdict on how the statutory deadline for filing returns affects eligibility for deductions under Section 80P, highlighting the case of Madhu Souharda Pathina Sahakari Niyamitha vs ITO.
Delhi High Court held that unauthorized outward remittance by forged Form 15CB certificates has not fulfilled the ingredients of the offence of money laundering as there is no “proceeds of crime” being generated from scheduled offence i.e. fabrication of Form 15CB certificates.
NCLAT Delhi held that advance is an operational debt. Thus, appellant’s claim rightly held to be operational debt by the Resolution Professional hence appeal dismissed.
ITAT Pune directs reconsideration of trust registration under Section 12AA, emphasizing compliance with welfare legislation principles and natural justice.
Madras High Court rules in favor of condoning delay in GST appeal filing upon receiving a recovery notice, emphasizing the importance of taxpayer rights.
NCLT Hyderabad approves B&B Global Enterprises’ resolution plan for NSL Mining Resources, emphasizing compliance with IBC regulations and stakeholders’ benefits.
ITAT Ahmedabad rules in favor of J.K. Patel & Brothers, allowing sales expenditure deduction for unusable jute bags, highlighting tax implications and legal compliance.
Explore GST implications on disposal & treatment of bio medical waste from clinical establishments. Learn about rates & analysis from AAR Rajasthan ruling.
NCLT Delhi held that ‘financial debt’ is not barred by limitation. Accordingly, application filed by the CFM Asset Reconstruction Private Limited, the Financial Creditor, u/s. 7 of the Code for initiating CIRP against M.G. Finvest Private Limited, the Corporate Debtor, stands admitted.
