![IBBI Issues Fourth Amendment to Insolvency Rules, Enhancing Creditor Role and Cost Oversight [Read Order]](https://images.taxscan.in/h-upload/2026/06/20/2140934-ibbi-issues-fourth-amendment-to-insolvency-rules-issuance-by-taxscan.webp "IBBI Issues Fourth Amendment to Insolvency Rules, Enhancing Creditor Role and Cost Oversight [Read Order]")
IBBI Issues Fourth Amendment to Insolvency Rules, Enhancing Creditor Role and Cost Oversight [Read Order]
The Insolvency and Bankruptcy Board of India (IBBI) has notified the Insolvency Resolution Process for Corporate Persons (Fourth Amendment)...
![Relief to Co-Op Society: Karnataka HC Quashes Blind Tax Assessment, Unfreezes Account [Read Order]](https://images.taxscan.in/h-upload/2026/06/20/2140914-co-op-society-gets-relief-from-tax-assessment-taxscan.webp "Relief to Co-Op Society: Karnataka HC Quashes Blind Tax Assessment, Unfreezes Account [Read Order]")
![No Service Tax on Free Banking Facilities: Karnataka HC Rules MAB Maintenance Does Not Constitute Non-Monetary Consideration [Read Order]](https://images.taxscan.in/h-upload/2026/06/20/2140915-karnataka-hc-ruling-on-no-service-tax-on-free-banking-facilities-and-mab-maintenance-by-taxscan.webp "No Service Tax on Free Banking Facilities: Karnataka HC Rules MAB Maintenance Does Not Constitute Non-Monetary Consideration [Read Order]")
![CBIC Issues Revised Guidelines for Uniform Data Entry in DIGIT System [Read Notification]](https://images.taxscan.in/h-upload/2026/06/20/2140909-cbic-guidelines-for-uniform-data-entry-in-digit.webp "CBIC Issues Revised Guidelines for Uniform Data Entry in DIGIT System [Read Notification]")
Administrative Lapses Held Not ‘Sufficient Cause’: DRAT Dismisses Karur Vysya Bank’s 194‑Day Late Appeal [Read Order]
The Debt Recovery Appellate Tribunal (DRAT), Kolkata, has dismissed the bank's appeal against a Debt Recovery Tribunal order, holding that administrative lapses and departmental delays cannot...
![Administrative Lapses Held Not ‘Sufficient Cause’: DRAT Dismisses Karur Vysya Bank’s 194‑Day Late Appeal [Read Order]](https://images.taxscan.in/h-upload/2026/06/20/2140897-drat-dismisses-karur-vysya-banks-delayed-appeal.webp "Administrative Lapses Held Not ‘Sufficient Cause’: DRAT Dismisses Karur Vysya Bank’s 194‑Day Late Appeal [Read Order]")
![MCA Extends DPT‑3 Filing Window Till July 31, 2026 After Data Centre Fire [Read Circular]](https://images.taxscan.in/h-upload/2026/06/20/2140895-mca-grants-relief-for-dpt-3-compliance-issuance-by-taxscan.webp "MCA Extends DPT‑3 Filing Window Till July 31, 2026 After Data Centre Fire [Read Circular]")
Kerala HC Declines to Interfere in S. 271D Income Tax Penalty Order; Relegates Taxpayer to Statutory Remedy [Read Order]
The Kerala High Court upheld a Single Judge's decision refusing to directly adjudicate the validity of a penalty order issued under Section 271D of the Income Tax Act, holding that the assessee's...
![Kerala HC Declines to Interfere in S. 271D Income Tax Penalty Order; Relegates Taxpayer to Statutory Remedy [Read Order]](https://images.taxscan.in/h-upload/2026/06/19/2140849-kerala-hc-ruling-on-relegation-of-taxpayer-to-statutory-remedy-in-s-271d-penalty-matter-by-taxscan.webp "Kerala HC Declines to Interfere in S. 271D Income Tax Penalty Order; Relegates Taxpayer to Statutory Remedy [Read Order]")
Accused Cannot Remain in Jail Indefinitely When PMLA Case Trial is Unlikely to Conclude Soon: Delhi HC Grants Bail [Read Order]
In a recent ruling, the Delhi High Court held that an accused cannot be kept in jail indefinitely in a money laundering case when the trial is unlikely to conclude within a reasonable time. The...
![Accused Cannot Remain in Jail Indefinitely When PMLA Case Trial is Unlikely to Conclude Soon: Delhi HC Grants Bail [Read Order]](https://images.taxscan.in/h-upload/2026/06/19/2140815-delhi-hc-ruling-on-bail-granted-in-pmla-case-due-to-delay-in-trial-by-taxscan.webp "Accused Cannot Remain in Jail Indefinitely When PMLA Case Trial is Unlikely to Conclude Soon: Delhi HC Grants Bail [Read Order]")
Agri-Co-op Society Can Claim S. 80P Deduction if they Prove Lending Credit Facility Only to its Members as an Intermediary Organization: Karnataka HC [Read Order]
The Karnataka High Court has quashed an assessment order, demand notice and bank attachment order imposed against a Primary Agricultural Co-operative Society, holding that the society can claim...
![Agri-Co-op Society Can Claim S. 80P Deduction if they Prove Lending Credit Facility Only to its Members as an Intermediary Organization: Karnataka HC [Read Order]](https://images.taxscan.in/h-upload/2026/06/19/2140796-karnataka-hc-ruling-on-80p-deduction-eligibility-by-taxscan.webp "Agri-Co-op Society Can Claim S. 80P Deduction if they Prove Lending Credit Facility Only to its Members as an Intermediary Organization: Karnataka HC [Read Order]")
