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![Reversal of Interest u/s 23 of MSMED Act Cannot Attract Addition In Absence of Deduction Claim: ITAT Directs AO to Verify [Read Order] Reversal of Interest u/s 23 of MSMED Act Cannot Attract Addition In Absence of Deduction Claim: ITAT Directs AO to Verify [Read Order]](https://images.taxscan.in/h-upload/2026/01/12/500x300_2118411-reversal-interest-msmed-act-addition-deduction-claim-itat-ao-taxscan.webp)
Reversal of Interest u/s 23 of MSMED Act Cannot Attract Addition In Absence of Deduction Claim: ITAT Directs AO to Verify [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) ruled that the reversal of interest provided under Section 23 of the Micro, Small and...


![Export Confiscation Order of Rs. 34 Cr set aside on Procedural Grounds: CESTAT Emphasizes Mandatory Nature of Section 138B in Customs Proceedings [Read Order] Export Confiscation Order of Rs. 34 Cr set aside on Procedural Grounds: CESTAT Emphasizes Mandatory Nature of Section 138B in Customs Proceedings [Read Order]](https://images.taxscan.in/h-upload/2026/01/12/250x150_2118399-export-confiscation-order-procedural-grounds-cestat-emphasizes-section-138b-customs-proceedings-taxscan.webp)
![TOLA cannot Revive Reassessment Bar After 6 Years: ITAT Sets Aside ₹1.09 Cr Demand [Read Order] TOLA cannot Revive Reassessment Bar After 6 Years: ITAT Sets Aside ₹1.09 Cr Demand [Read Order]](https://images.taxscan.in/h-upload/2026/01/12/250x150_2118405-tola-cannot-revive-reassessment-bar-taxscan.webp)
![Mistaken Self-Disallowance u/S.36 in Income tax Return Can Be Rectified: ITAT Orders Fresh Review [Read Order] Mistaken Self-Disallowance u/S.36 in Income tax Return Can Be Rectified: ITAT Orders Fresh Review [Read Order]](https://images.taxscan.in/h-upload/2026/01/12/250x150_2118414-mistaken-self-disallowance-income-tax-return-rectified-taxscan.webp)
![Purchases Disallowed Merely Because Suppliers Failed to File ITR: ITAT Rejects Disallowance [Read Order] Purchases Disallowed Merely Because Suppliers Failed to File ITR: ITAT Rejects Disallowance [Read Order]](https://images.taxscan.in/h-upload/2026/01/12/250x150_2118406-itat-mumbai-disallowance-purchase-disallowance-itat-on-purchase-disallowance-disallowance-under-income-tax-act-itat-rejects-disallowance-of-purchases-income-tax-appellate-tribunal-ruling-taxscan.webp)






![“Relevant Period” to be Applied Consistently while computing GST ITC, Turnover and Adjusted Turnover for Refund: Madras HC [Read Order] “Relevant Period” to be Applied Consistently while computing GST ITC, Turnover and Adjusted Turnover for Refund: Madras HC [Read Order]](https://images.taxscan.in/h-upload/2026/01/10/500x300_2118246-madras-high-court-gst-itc-input-tax-credit-madras-hc-gst-refund-case-gst-refund-computation-taxscan.webp)
![Services Provided in Connection with Recruitment to Dewasom Board Constitute Taxable Supply u/s 2(108) of CGST Act: KAAR [Read Order] Services Provided in Connection with Recruitment to Dewasom Board Constitute Taxable Supply u/s 2(108) of CGST Act: KAAR [Read Order]](https://images.taxscan.in/h-upload/2026/01/10/500x300_2118201-kaar-ruling-dewasom-board-recruitment-services-gst-gst-on-recruitment-services-dewasom-board-recruitment-gst-dewasom-board-constitute-taxscan.webp)
![GST Chargeable on Application Fee for Conducting Kerala Dewasom Recruitment Board Examinations: AAR [Read Order] GST Chargeable on Application Fee for Conducting Kerala Dewasom Recruitment Board Examinations: AAR [Read Order]](https://images.taxscan.in/h-upload/2026/01/10/500x300_2118169-application-fee-kerala-dewasom-board-kaar-ruling-gst-on-application-fee-gst-on-examination-fees-kerala-dewasom-recruitment-board-gst-taxscan.webp)
![Reversal of Interest u/s 23 of MSMED Act Cannot Attract Addition In Absence of Deduction Claim: ITAT Directs AO to Verify [Read Order] Reversal of Interest u/s 23 of MSMED Act Cannot Attract Addition In Absence of Deduction Claim: ITAT Directs AO to Verify [Read Order]](https://images.taxscan.in/h-upload/2026/01/12/750x450_2118411-reversal-interest-msmed-act-addition-deduction-claim-itat-ao-taxscan.webp)
![₹55 Crore Service Tax Evasion a ‘Serious Economic Offence’: Punjab & Haryana HC Denies Bail to Director [Read Order] ₹55 Crore Service Tax Evasion a ‘Serious Economic Offence’: Punjab & Haryana HC Denies Bail to Director [Read Order]](https://images.taxscan.in/h-upload/2026/01/11/750x450_2118327-service-tax-evasion-serious-economic-offence-punjab-haryana-hc-bail-director-taxscan.webp)
![Once SVLDRS Discharge Certificate Issued, No further Interest Payable on Belated Service Tax: Bombay HC rules against Revenue [Read Order] Once SVLDRS Discharge Certificate Issued, No further Interest Payable on Belated Service Tax: Bombay HC rules against Revenue [Read Order]](https://images.taxscan.in/h-upload/2026/01/05/500x300_2117213-site-image-13-t.webp)
![SCN Lacks Precise BAS Classification: CESTAT Sets aside Service Tax Demand against Amway Distributor [Read Order] SCN Lacks Precise BAS Classification: CESTAT Sets aside Service Tax Demand against Amway Distributor [Read Order]](https://images.taxscan.in/h-upload/2025/12/08/500x300_2111025-scn-lacks-precise-bas-classification-cestat-sets-aside-service-tax-demand-against-amway-distributor-taxscan.webp)
![Writ Jurisdiction Not Invocable at SCN Stage: Chhattisgarh HC Dismisses State Beverages Corporation’s Plea on Service Tax Demand [Read Order] Writ Jurisdiction Not Invocable at SCN Stage: Chhattisgarh HC Dismisses State Beverages Corporation’s Plea on Service Tax Demand [Read Order]](https://images.taxscan.in/h-upload/2025/12/19/500x300_2113176-chhattisgarh-hc-scn-writ-jurisdiction-state-beverages-service-tax-demand-taxscan.webp)
![Export Confiscation Order of Rs. 34 Cr set aside on Procedural Grounds: CESTAT Emphasizes Mandatory Nature of Section 138B in Customs Proceedings [Read Order] Export Confiscation Order of Rs. 34 Cr set aside on Procedural Grounds: CESTAT Emphasizes Mandatory Nature of Section 138B in Customs Proceedings [Read Order]](https://images.taxscan.in/h-upload/2026/01/12/750x450_2118399-export-confiscation-order-procedural-grounds-cestat-emphasizes-section-138b-customs-proceedings-taxscan.webp)
![Non-disclosure of Secured Creditors in Capital Reduction Petition: NCLT Imposes 5 lakh Penalty on Lifestyle [Read Order] Non-disclosure of Secured Creditors in Capital Reduction Petition: NCLT Imposes 5 lakh Penalty on Lifestyle [Read Order]](https://images.taxscan.in/h-upload/2026/01/10/750x450_2118161-site-image-o4.webp)

Kavi Priya
![Service Tax Not Payable on liquidated damages collected from supplier on account of non-performance of the contracts: CESTAT [Read Order] 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)
Yogitha S. Yogesh
Rupesh Sharma


Saagarika Gopinath
![Failure to Hold Minimum Four Board Meetings as per S 173(1): MCA Imposes Penalty on Company and its Directors [Read Order] Failure to Hold Minimum Four Board Meetings as per S 173(1): MCA Imposes Penalty on Company and its Directors [Read Order]](https://images.taxscan.in/h-upload/2026/01/10/750x450_2118192-failure-hold-minimum-four-board-meetings-per-s-1731-mca-imposes-penalty-company-and-its-directors-taxscan.webp)
![RBI Notifies New FEMA Regulations for Cross-Border Guarantees, Makes Quarterly Reporting Mandatory [Read Notification] RBI Notifies New FEMA Regulations for Cross-Border Guarantees, Makes Quarterly Reporting Mandatory [Read Notification]](https://images.taxscan.in/h-upload/2026/01/11/500x300_2118333-rbi-fema-regulations-cross-border-guarantees-quarterly-reporting-mandatory-taxscan.webp)
![Centre Announces New Interest Rate on Special Deposit Scheme for Non-Govt Provident, Superannuation and Gratuity Funds [Read Notification] Centre Announces New Interest Rate on Special Deposit Scheme for Non-Govt Provident, Superannuation and Gratuity Funds [Read Notification]](https://images.taxscan.in/h-upload/2026/01/11/500x300_2118325-interest-rate-special-deposit-scheme-superannuation-gratuity-funds-taxscan.webp)
![No Evidence to Prove CA involved in Forgery of Signature and Share Manipulation: ICAI Drops Charges [Read Order] No Evidence to Prove CA involved in Forgery of Signature and Share Manipulation: ICAI Drops Charges [Read Order]](https://images.taxscan.in/h-upload/2026/01/10/500x300_2118206-no-evidence-prove-ca-involved-forgery-signature-share-manipulation-icai-drops-charges-taxscan.webp)



