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Tata Motors Subsidiary Acquires Controlling Stake in Iveco Group
A subsidiary of Tata Motors successfully secures an 89.42 percent stake in Iveco Group following a comprehensive tender offer process.
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Calcutta High Court Orders Reconsideration in GST Registration Rejection Case
Calcutta HC sets aside a GST registration rejection due to incorrect portal verification, ordering a fresh review within thirty days.
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GST Credit Reversal on Project Completion Allowed as Deductible Business Expense by ITAT
ITAT Ahmedabad rules that irrecoverable GST credit upon project completion qualifies as a deductible business cost under income tax laws.
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GSTAT Thiruvananthapuram Rules Showroom Furnishing ITC Allowed When GST Not Capitalised
GSTAT Thiruvananthapuram permits showroom furnishing input tax credit since GST was not included in the asset cost or depreciation.
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BSNL VRS Compensation Tax Exemption Upheld Under Section 10(10B) by ITAT Ahmedabad
ITAT Ahmedabad rules in favor of BSNL employees, granting tax exemption on voluntary retirement compensation under Section 10(10B).
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NCLAT Delhi Affirms Valid Debt Assignment for ARC Substitution in IBC Cases
NCLAT Delhi rules that a registered debt assignment under SARFAESI allows Phoenix ARC to continue IBC Section 7 proceedings despite stamp duty objections.
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NCLT Mumbai Rules Fresh Loan Disbursement Does Not Negate Default
NCLT Mumbai clarifies that issuing a new loan does not cancel out existing payment defaults in separate credit facilities under the Insolvency and Bankruptcy Code.
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Calcutta High Court Restores Interim Protection Concerning Form-D Utilization
The Calcutta High Court reinstates expired interim protection against the use of Form-D while allowing tribunal proceedings to continue.
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Calcutta High Court Dismisses GST Consolidated SCN Challenge and Directs Statutory Appeal
Calcutta High Court dismisses writ petition against a consolidated GST show cause notice spanning multiple financial years, directing taxpayers to Section 107.
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Supreme Court Restores Real Estate Insolvency Resolution Plans for Homebuyers
Supreme Court restores Alpha Corp and Roma resolution plans, protecting homebuyers and ruling that GNIDA cannot recover penal interest on dues.