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RBI Cancels Licence of Sarvodaya Co-operative Bank: 98% Depositors Secured Under ₹5 Lakh Insurance [Read Notification]
TheReserve Bank of India (RBI) has cancelled the licence of Sarvodaya Co-operative Bank Ltd., Mumbai, with immediate effect, citing weak financial...
![Simultaneous CIRP Proceedings Against Principal Debtor and Corporate Guarantor are Maintainable: Supreme Court rules in favour of ICICI Bank [Read Judgement]](https://images.taxscan.in/h-upload/2026/05/15/2137104-simultaneous-cirp-proceedings-principal-debtor-corporate-guarantor-supreme-court-icici-bank-taxscan.webp "Simultaneous CIRP Proceedings Against Principal Debtor and Corporate Guarantor are Maintainable: Supreme Court rules in favour of ICICI Bank [Read Judgement]")
![Patna HC Notes Road Project Stalled by Land Blocks, Rules Govt Must Decide Contractor’s Claims in 6 Weeks [Read Order]](https://images.taxscan.in/h-upload/2026/05/15/2137086-patna-hc-patna-high-court-road-project-case-bihar-road-project-stalled-land-acquisition-dispute-contractor-claims.webp "Patna HC Notes Road Project Stalled by Land Blocks, Rules Govt Must Decide Contractor’s Claims in 6 Weeks [Read Order]")
![Bombay HC Quashes GST Order: Capital First Ltd. Ceased to Exist After IDFC Merger, Proceedings Against Non‑Existent Company Held Void [Read Order]](https://images.taxscan.in/h-upload/2026/05/15/2137064-bombay-hc-quashes-gst-order-site-imagejpg.webp "Bombay HC Quashes GST Order: Capital First Ltd. Ceased to Exist After IDFC Merger, Proceedings Against Non‑Existent Company Held Void [Read Order]")
![GSTAT Extends Relaxations for GST Appeal Filing; Heres the New Deadline [Read Notification]](https://images.taxscan.in/h-upload/2026/05/15/2137051-gstat-extends-relaxations-for-gst-appeal-filing-site-imagejpg.webp "GSTAT Extends Relaxations for GST Appeal Filing; Heres the New Deadline [Read Notification]")
![P&H HC grants Bail to CA Assistant Accused of Generating Fake GST Bills in ₹66 Cr Tax Evasion Case [Read Order]](https://images.taxscan.in/h-upload/2026/05/15/2137035-site-img15-3jpg.webp "P&H HC grants Bail to CA Assistant Accused of Generating Fake GST Bills in ₹66 Cr Tax Evasion Case [Read Order]")
![No Proper Consideration of GST ITC Documents & Taxpayer’s Detailed Reply Ignored: HP HC Sets Aside Demand Order [Read Order]](https://images.taxscan.in/h-upload/2026/05/15/2137016-himachal-pradhesh-high-court-no-proper-consideration-gst-itc-documents-taxpayer-demand-order-taxscan.webp "No Proper Consideration of GST ITC Documents & Taxpayer’s Detailed Reply Ignored: HP HC Sets Aside Demand Order [Read Order]")
![Mere Label of ‘Afterthought’ Insufficient to Reject Explanation for Cash Found During Search: ITAT [Read Order]](https://images.taxscan.in/h-upload/2026/05/15/2137063-mere-label-of-afterthought-insufficientjpg.webp "Mere Label of ‘Afterthought’ Insufficient to Reject Explanation for Cash Found During Search: ITAT [Read Order]")
Mere Label of ‘Afterthought’ Insufficient to Reject Explanation for Cash Found During Search: ITAT [Read Order]
ITAT Delhi held that explanation supported by confirmations and responses to notices under Section 133(6) cannot be rejected merely by terming it an “afterthought” without rebutting the evidence brought on record
![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]")
![Car Dealer Incentives Not Taxable as Commission: CESTAT Sets Aside Service Tax Demand on Discounts from Manufacturer [Read Order]](https://images.taxscan.in/h-upload/2026/04/28/2134787-cestat-car-dealer-incentives-service-tax-demand-cestat-car-dealer-case-taxscan.webp "Car Dealer Incentives Not Taxable as Commission: CESTAT Sets Aside Service Tax Demand on Discounts from Manufacturer [Read Order]")
![Dept Fails to Specify Clause in SCN: CESTAT Sets Aside Service Tax Demand on Tour Operator [Read Order]](https://images.taxscan.in/h-upload/2026/04/24/2134350-dept-specify-clause-in-scn-cestat-sets-aside-service-tax-demand-on-tour-operator-taxscan.webp "Dept Fails to Specify Clause in SCN: CESTAT Sets Aside Service Tax Demand on Tour Operator [Read Order]")
![Dept Fails to Specify Clause in SCN: CESTAT Sets Aside Service Tax Demand on Tour Operator [Read Order]](https://images.taxscan.in/h-upload/2026/04/23/2134262-service-tax-demand.webp "Dept Fails to Specify Clause in SCN: CESTAT Sets Aside Service Tax Demand on Tour Operator [Read Order]")
![CESTAT Rules Xiaomi Technology India’s Automatic Soap Dispensers Classifiable as Liquid Dispersing Appliances, Not Toiletry Sprays [Read Order]](https://images.taxscan.in/h-upload/2026/05/15/2137093-cestat-rules-xiaomi-technology-indias-automatic-soapjpg.webp "CESTAT Rules Xiaomi Technology India’s Automatic Soap Dispensers Classifiable as Liquid Dispersing Appliances, Not Toiletry Sprays [Read Order]")
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
![DGFT Extends Validity of Ad-Hoc Norms for Advance Authorisations to March 2028 [Read Notification]](https://images.taxscan.in/h-upload/2026/05/15/2137065-dgft-extends-validity-of-ad-hoc-norms-advance-authorisations-march-2028-taxscan.webp "DGFT Extends Validity of Ad-Hoc Norms for Advance Authorisations to March 2028 [Read Notification]")
