The ITAT admitted this additional ground, which focused on a procedural defect in the show-cause notice issued under Section 274 read with Section 271 (1) (c). The assessee’s counsel argued that the ...

The Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) in Chennai addressed an appeal by Steel Authority of India Ltd. (SAIL) against an order concerning the irregular availment of CENVAT ...

Since the assessee accepted and deposited demonetized currency after the cutoff date, it was not legally permissible, and thus, the cash was treated as unexplained and taxed under Section 115BBE. The ...

However, while dismissing the appeal, the NCLAT took a serious note of the manner in which the NCLT had passed the order dated March 15, 2022, which was the subject of the appeal. The Appellate ...

Under the Companies Act, 2013, the provisions governing declaration and payment of dividend are primarily contained in: Section 10 – Binding effect of Memorandum and Articles of Association However, ...

Union of India (2023) case clarifies the automatic disqualification of directors under Section 164(2) of the Companies Act, 2013, due to non-filing of financial statements or annual returns for three ...

NCLT Mumbai approved resolution plan of Corporate Debtor [Cane Agro Energy (India) Ltd] as submitted by resolution applicant ...

NCLT Chandigarh held that since resolution plan in respect of Nav Jyoti Agro Foods Private Limited meets requirement of ...

ITAT Mumbai held that as per circular no. 6 of 2016 dated 29 th February 2016, it is clear that it is the assessee who ...

The Tribunal noted that although the assessee was not present during the hearing, it proceeded to decide the matter based on ...

NCLT Mumbai held that the Advance received by the Corporate Debtor against future supply of goods is an Operational Debt.

The assessee argued that this lack of clarity in the penalty initiation stage rendered the entire proceedings invalid.