Commissions, Forums & Tribunals ITAT Upholds Fringe Benefit Tax on Jet Lite Expenses, Rejects Revenue’s Penalty Cl EditorJune 4, 2026June 8, 20265 mins June 3, 2026 : The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has delivered a significant ruling in the long-running…
Commissions, Forums & Tribunals CESTAT Grants Relief to Grafica Flextronica, Sets Aside ₹23.40 Lakh CENVAT Credit Demand EditorJune 4, 2026June 11, 20265 mins June 3, 2026 :In a significant ruling on the interpretation of Rule 16 of the Central Excise Rules, 2002, the…
Commissions, Forums & Tribunals NCLT Rules Auction Purchasers Under IBC Cannot Be Forced to Pay Previous Society Dues EditorJune 3, 2026June 8, 20265 mins June 2, 2026 : In a significant ruling reinforcing the protections available to buyers of assets sold during insolvency proceedings,…
Commissions, Forums & Tribunals CESTAT Chennai Grants SAD Refund to Importer, Pulls Up Customs Department for Misplaced Records and Procedural Rejection EditorJune 3, 2026June 8, 20265 mins June 2, 2026 : In a significant ruling reinforcing the principle that substantive tax benefits cannot be denied on mere…
Commissions, Forums & Tribunals CCI orders DG probe into Mrs India Inc over alleged anti-competitive clauses and abuse of dominance. EditorJune 3, 2026June 4, 20266 mins June 2, 2026 : The Competition Commission of India (CCI) has ordered a detailed investigation against Mrs. India Inc., one…
Commissions, Forums & Tribunals NCLAT Upholds Insolvency Proceedings Against Personal Guarantor, Says Absence of Separate Guarantee Deed Not Fatal EditorJune 3, 2026June 24, 20264 mins June 2, 2026 : In a significant ruling on the liability of personal guarantors under the Insolvency and Bankruptcy Code,…
Commissions, Forums & Tribunals NCLT Guwahati rejects Srei Equipment Finance’s ₹333 crore insolvency plea against Kitply over disputed debt claims. EditorJune 3, 2026June 5, 20265 mins June 2, 2026 : The National Company Law Tribunal (NCLT), Guwahati Bench, has rejected a ₹333.58 crore insolvency plea filed…
Commissions, Forums & Tribunals NCLT Refuses Perjury Action Against Operational Creditor, Says Every Omission in Pleadings Does Not Warrant Prosecution EditorJune 2, 2026July 4, 20265 mins June 1, 2026 :The National Company Law Tribunal (NCLT), New Delhi Bench, has dismissed an application seeking perjury proceedings against…
Commissions, Forums & Tribunals NCLT Bengaluru Allows Amendment in Coffee Day Insolvency Plea, Permits Change in Date of Default EditorJune 2, 2026June 17, 20265 mins June 1, 2026 : The National Company Law Tribunal (NCLT), Bengaluru Bench, has allowed an amendment application in an insolvency…
Commissions, Forums & Tribunals CESTAT Upholds Reclassification of AKD Wax Imports but Quashes Extended Duty Demand and Penalties EditorMay 30, 2026June 4, 20265 mins May 29, 2026 : In a significant customs classification ruling, the Chennai Bench of the Customs, Excise and Service Tax…
