NCLAT Protects Access to Liquidation Property and Imposes ₹10 Lakh Costs
In a 2:1 decision, NCLAT upheld relief protecting access to a corporate debtor’s property because the obstruction directly affected its liquidation value and sale.
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Bombay High Court Directs ITAT to Pronounce Orders Within 60 Days
The Bombay High Court directed every ITAT bench to follow Rule 34 and deliver judgments within 60 days, with a maximum 90-day period for exceptional cases.
Section 129(3) GST Penalty Delay: High Court Quashes Order Passed One Day Late
In a Section 129(3) GST penalty-delay case, the Jammu & Kashmir and Ladakh High Court quashed an order passed one day after the statutory seven-day period.
Supreme Court Upholds 7.5% Presumptive Tax for Foreign Cruise Operations
The Supreme Court rejected the Revenue view that entertainment and hospitality changed a foreign cruise operation into a non-shipping activity.
GSTAT Annuls Rs 32.80 Crore Demand on Undisputed Pre-GST Credit
GSTAT Thane ruled that GST authorities could not use Section 74 to revisit CENVAT and VAT credits that stood undisputed under the earlier tax laws.
Supreme Court Limits EPFO Claims After Approval of IBC Resolution Plan
The Supreme Court distinguished protected provident fund contributions from uncrystallised claims for EPFO interest and damages while upholding an approved resolution plan.
What Is Form 26A in Income Tax? TDS Default Relief, Conditions and Documents
Form 26A can support relief from specified TDS default recovery when the deductee filed the return, included the income and paid tax, but interest may still remain.
NCLT Kochi Allows Tax Department to Restore Struck-Off Company for Assessment
NCLT Kochi recognised the Income Tax Department as a creditor under Section 252(3) and permitted restoration of a struck-off company so pending tax proceedings could be completed.
Ahmedabad ITAT Allows Section 80P Deduction on Cooperative Bank Interest
Ahmedabad ITAT held that Section 80P(4) does not deny a cooperative society deduction under Section 80P(2)(d) merely because its interest came from a cooperative bank.
Calcutta HC Restores GST Case for Fresh Decision on Jurisdictional Objections
The Calcutta High Court held that a serious challenge to the authority of the GST adjudicating officer required proper consideration and restored the matter for a fresh decision.
NCLT Mumbai: Minority Shareholder Need Not Prove Oppression Case at Section 244 Waiver Stage
NCLT Mumbai held that a minority shareholder seeking waiver under Section 244 must show membership, oppression-related allegations and exceptional circumstances, but need not prove the complete case on merits.
Pramod Kumar Jain v. DCIT: Flipkart ESOP Repurchase Taxable as Capital Gains
In Pramod Kumar Jain v. DCIT, Bengaluru ITAT held that Flipkart vested but unexercised ESOP rights were capital assets and their repurchase was taxable as capital gains, not salary.