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![NCLAT Directs Modi Lifecare to Pay ₹63 Lakh Admitted Liability: Clarifies Invoices Not Mandatory Under Technical Guidance Agreement [Read Order]](https://images.taxscan.in/h-upload/2026/05/24/2138002-nclat-modi-lifecare-liability-invoices-technical-guidance-agreement-taxscan-.webp "NCLAT Directs Modi Lifecare to Pay ₹63 Lakh Admitted Liability: Clarifies Invoices Not Mandatory Under Technical Guidance Agreement [Read Order]")
NCLAT Directs Modi Lifecare to Pay ₹63 Lakh Admitted Liability: Clarifies Invoices Not Mandatory Under Technical Guidance Agreement [Read Order]
In a recent ruling, the National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, has directed Modi Lifecare Industries Ltd. to...
![One-to-One Correlation Between Corresponding Purchases and Sales Bars Bogus Purchase Addition: ITAT [Read Order]](https://images.taxscan.in/h-upload/2026/05/24/2137998-purchases-sales-bars-bogus-purchase-addition-itat-taxscan.webp "One-to-One Correlation Between Corresponding Purchases and Sales Bars Bogus Purchase Addition: ITAT [Read Order]")
![Bona Fide Mistake in Withdrawal of Appeal Does Not Defeat Vivad Se Vishwas Settlement: ITAT [Read Order]](https://images.taxscan.in/h-upload/2026/05/24/2137996-bona-fide-mistake-vivad-se-vishwas-settlement-itat-taxscan.webp "Bona Fide Mistake in Withdrawal of Appeal Does Not Defeat Vivad Se Vishwas Settlement: ITAT [Read Order]")
![Capital Gains Addition in Reassessment Cannot Be Upheld Where Sale Transactions Are Under Dispute: ITAT [Read Order]](https://images.taxscan.in/h-upload/2026/05/24/2137995-capital-gains-addition-reassessment-sale-transactions-dispute-itat-taxscan.webp "Capital Gains Addition in Reassessment Cannot Be Upheld Where Sale Transactions Are Under Dispute: ITAT [Read Order]")
![Excess GST ITC Benefit Given to Some Homebuyers Cannot Offset Shortfall to Others: GSTAT Holds Real Estate Company Liable [Read Order]](https://images.taxscan.in/h-upload/2026/05/23/2137919-excess-gst-itc-benefit-homebuyers-gstat-taxscan.webp "Excess GST ITC Benefit Given to Some Homebuyers Cannot Offset Shortfall to Others: GSTAT Holds Real Estate Company Liable [Read Order]")
![Builder Fails to Pass GST ITC Benefit to 9 Homebuyers: GSTAT Directs Refund of ₹63.93 Lakh Profiteered Amount [Read Order]](https://images.taxscan.in/h-upload/2026/05/23/2137923-gst-itc-benefit-gstat-taxscan.jfif "Builder Fails to Pass GST ITC Benefit to 9 Homebuyers: GSTAT Directs Refund of ₹63.93 Lakh Profiteered Amount [Read Order]")
![No GST Anti-Profiteering When Price for Works Contract was Fixed after GST Rollout & Work Commenced Post-GST: GSTAT [Read Order]](https://images.taxscan.in/h-upload/2026/05/23/2137920-gst-anti-profiteering-works-contract-gst-rollout-work-commenced-post-gst-gstat-taxscan.webp "No GST Anti-Profiteering When Price for Works Contract was Fixed after GST Rollout & Work Commenced Post-GST: GSTAT [Read Order]")
![GSTAT Formalizes Dress Code for Authorized Representatives Under Rule 122 [Read Notification]](https://images.taxscan.in/h-upload/2026/05/23/2137898-gstat-dress-code-authorized-representatives-rule-122-taxscan.webp "GSTAT Formalizes Dress Code for Authorized Representatives Under Rule 122 [Read Notification]")
![S.148 Notice Cannot Be Treated as Issued Within Limitation Merely Because It Bore an Earlier Date: ITAT [Read Order]](https://images.taxscan.in/h-upload/2026/05/24/2138001-notice-itat-taxscan.webp "S.148 Notice Cannot Be Treated as Issued Within Limitation Merely Because It Bore an Earlier Date: ITAT [Read Order]")
S.148 Notice Cannot Be Treated as Issued Within Limitation Merely Because It Bore an Earlier Date: ITAT [Read Order]
ITAT held that reassessment proceedings would be barred by limitation where notice under Section 148 of the Income Tax Act was signed and served beyond the prescribed period despite bearing an earlier date
![Banks Eligible for CENVAT Credit on Service Tax Paid for Deposit Insurance Premium: Karnataka HC [Read Order]](https://images.taxscan.in/h-upload/2026/05/20/2137523-banks-eligible-cenvat-credit-service-tax-karnataka-hc-taxscan.webp "Banks Eligible for CENVAT Credit on Service Tax Paid for Deposit Insurance Premium: Karnataka HC [Read Order]")
![Karnataka HC Quashes Service Tax Order, Remands Matter Citing Failure to Consider Exemption Notification and Reliance on TDS Statements/ITR [Read Order]](https://images.taxscan.in/h-upload/2026/05/19/2137410-karnataka-hc-quashes-service-tax-order-taxscan.webp "Karnataka HC Quashes Service Tax Order, Remands Matter Citing Failure to Consider Exemption Notification and Reliance on TDS Statements/ITR [Read Order]")
![Service Tax for Commercial Coaching and Training Services cannot be taxed Twice by Different Parties: CESTAT allows Appeal [Read Order]](https://images.taxscan.in/h-upload/2026/05/18/2137319-service-tax-for-commercial-cestat-taxscan.webp "Service Tax for Commercial Coaching and Training Services cannot be taxed Twice by Different Parties: CESTAT allows Appeal [Read Order]")
![Service Tax Not Applicable on Custom House Agent Reimbursements: CESTAT Relies on CA Certificate [Read Order]](https://images.taxscan.in/h-upload/2026/05/15/2137024-service-tax-custom-house-agent-cestat-ca-certificate-taxscan.webp "Service Tax Not Applicable on Custom House Agent Reimbursements: CESTAT Relies on CA Certificate [Read Order]")
![Service Tax cannot be levied on Liquidity Damages: CESTAT allows BHELs appeal [Read Order]](https://images.taxscan.in/h-upload/2026/05/07/2135780-cestat-hyderabad-service-tax-liquidity-damages-bhel-appeal-taxscan.webp "Service Tax cannot be levied on Liquidity Damages: CESTAT allows BHELs appeal [Read Order]")
![Multifunction Protection Devices Retaining Essential Character of Relays Eligible for Excise Exemption Notification Benefit: CESTAT [Read Order]](https://images.taxscan.in/h-upload/2026/05/22/2137828-multifunction-protection-devices-retaining-essential-relays-eligible-taxscan.webp "Multifunction Protection Devices Retaining Essential Character of Relays Eligible for Excise Exemption Notification Benefit: CESTAT [Read Order]")
NCLAT Directs Modi Lifecare to Pay ₹63 Lakh Admitted Liability: Clarifies Invoices Not Mandatory Under Technical Guidance Agreement [Read Order]
The Tribunal clarified that under the Technical Guidance Agreement, invoices were not mandatory to establish operational debt, as the contract itself created a fixed royalty obligation
Kavi Priya
![Service Tax Not Payable on liquidated damages collected from supplier on account of non-performance of the contracts: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/CESTAT-CESTAT-Bangalore-Service-Tax-liquidated-damages-Taxscan.jpg "Service Tax Not Payable on liquidated damages collected from supplier on account of non-performance of the contracts: CESTAT [Read Order]")
Yogitha S. Yogesh
Rupesh Sharma
Saagarika Gopinath
NCLAT Directs Modi Lifecare to Pay ₹63 Lakh Admitted Liability: Clarifies Invoices Not Mandatory Under Technical Guidance Agreement [Read Order]
The Tribunal clarified that under the Technical Guidance Agreement, invoices were not mandatory to establish operational debt, as the contract itself created a fixed royalty obligation
