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Abcaus

Committee of Creditors

Wisdom of CoC not amenable to judicial review for grievance of a particular stakeholder

administrator March 10, 2025 bankruptcy, NCLAT
When CoC accepts a resolution plan and all mandatory requirements complied with, judicial review cannot be extended to analyse and look into the dissatisfaction evinced by any particular creditor or stakeholder – NCLAT In a recent judgment, NCLAT Delhi has held that it is the commercial wisdom of …

Where GST audit u/s 65 conducted, there can not be further scrutiny u/s 61

administrator March 10, 2025 GST, High Courts
Where audit u/s 65 has already been conducted by GST authorities, there can not also a further scrutiny u/s 61 – High Court In a recent judgment, Hon’ble High Court of Orrisa has held where audit u/s 65 has already been conducted by State GST authorities, there can …
capital gain

AO directed to allow alternate exemption u/s 54 in place of exemption u/s 54F

administrator March 10, 2025 Income Tax, ITAT
AO directed to allow exemption u/s 54 if assessee was entitled to it where assessee claimed deduction u/s 54F and was not entitled to it. In a recent judgment, ITAT Jaipur directed Assessing Officer to allow alternative claim of exemption u/s 54 of the Act instead of section …
Notice by e-mail ID

Notice u/s 148 sent to incorrect e-mail ID held as non-est and invalid

administrator March 10, 2025 Income Tax, ITAT
Notice u/s 148 sent to some incorrect e-mail ID held as non-est and bad in law. ITAT quashed re-assessment order. In a recent judgment, ITAT Delhi held that notice u/s 148 sent to some incorrect e-mail ID was non-est and bad in law. ITAT quashed re-assessment order. ABCAUS …
Bank of Baroda RFP for appointment of Concurrent Auditor

Bank of Baroda Concurrent Auditor FY 2025-28 Empanelment. last date : 27/03/2025

administrator March 8, 2025 Empanelment
Bank of Baroda Concurrent Auditor 2025-2028 Empanelment – RFP for appointment  Bank of Baroda invites Expression of Interest for empanelment of Chartered Accountant firms, having office in village/ town/ city / district of Bank of Baroda’s identified branches/ units, for expansion of pool of CA firms for carrying …
cash gift

Gifting son cash in lump sum or at intervals is prerogative of father– ITAT deleted addition

administrator March 8, 2025 Income Tax, ITAT
How a father support his son either gifting him lump sum cash or at intervals is his prerogative – ITAT deleted addition In a recent judgment, ITAT Delhi has held that desire of a father how he would support his son either gifting him cash in lump sum …

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