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ITAT Mumbai Rules IBC Resolution Plan Extinguishes Unclaimed Tax Reassessment
ITAT Mumbai holds that tax reassessment and demands cannot survive if pre-CIRP tax claims were omitted from an approved resolution plan.
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ITAT Mumbai Rules on Section 12AB Renewal and Trust Irrevocability Clauses
Explore the ITAT Mumbai ruling stating that the absence of an express irrevocability clause alone cannot defeat a Section 12AB trust renewal application.
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SBI Secures Major Victory at Mumbai ITAT on Pension Liability and NPA Real Income
Mumbai ITAT rules in favor of SBI, allowing actuarial pension provision as an accrued liability and rejecting retrospective Safe Harbour Rules.
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ITAT Mumbai Rules Uncorroborated Excel Data Invalid for Income Tax Additions
ITAT Mumbai rules that uncorroborated Excel data cannot sustain tax additions, deleting major additions on presumptive loans and debtor entries.
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Gujarat High Court Rules Section 115JB MAT Inapplicable to National Dairy Development Board
Gujarat High Court dismisses Revenue appeals for AYs 2010-14, ruling that Minimum Alternate Tax under Section 115JB does not apply to the National Dairy Development Board.
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ITAT Hyderabad Rules Incorporation Date Cannot Be Replaced by Business Commencement for Section 54GB
ITAT Hyderabad denies Section 54GB tax exemption, ruling that a company must be formally incorporated within the statutory period, not just commence business.
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CESTAT Delhi Rules Address Change Failure Does Not Warrant Customs Broker Licence Revocation
CESTAT New Delhi ruled that failing to intimate an address change does not justify customs broker licence revocation, adjusting penalties instead.
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NCLT Hyderabad Rules Pending Fraud Proceedings Do Not Block Resolution Plan Approval
Discover how NCLT Hyderabad ruled that pending fraud proceedings cannot block the approval of a corporate resolution plan.
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NCLAT Quashes ED and CBI Notices Over Section 213(b) Non-Compliance
Learn how the NCLAT set aside ED and CBI notices, ruling that Section 213(b) satisfaction and prior hearings are mandatory before investigations.
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Supreme Court Upholds Section 10B Exemption for New EOU in Landmark Ruling
Learn how the Supreme Court dismissed the Revenue's SLP and upheld the Bombay High Court ruling allowing Section 10B exemption for a new EOU.