Clean Slate Theory under IBC does not extinguish statutory tax dues arising during the CIRP period. Issue Whether the Clean Slate Theory under Section 31 of the Insolvency and Bankruptcy Code, 2016 (IBC) applies to extinguish statutory dues under the Goods and Services Tax (GST) Acts and Income-tax Act that arise during the Corporate Insolvency… Read More »
Registration and approval granted under Section 12AB and Section 80G cannot be made conditional on pending Supreme Court proceedings. Issue Whether registration granted under Section 12AB and approval granted under Section 80G(5) of the Income-tax Act can be made subject to a contingency based upon the outcome of proposed or future proceedings by the Revenue… Read More »
Clause (b) of Rule 14(2) of Rules of 1998 requiring an assessment certificate for appeal is ultra vires Section 11 of Act of 1996, and interest under Section 8 accrues only from the due date specified in the assessment order. Issue Whether Clause (b) of Sub-rule (2) of Rule 14 of the Building and Other… Read More »
INCOME TAX CASE LAWS 27.10.2026 Here is the complete analysis and summary of the provided case laws formatted cleanly in a table. Case Law Summary & Analysis Relevant Act Section Case Law Title Citation Brief Summary Building and Other Construction Workers’ Welfare Cess Act, 1996 Section 11 Ridhiraj Builders and Promoters v. State of… Read More »