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![GST ITC Refund Restricted to Direct Supply of Electricity to Bangladesh: AP High Court Rules SEIL’s Supplies Via PTC Domestic [Read Order] GST ITC Refund Restricted to Direct Supply of Electricity to Bangladesh: AP High Court Rules SEIL’s Supplies Via PTC Domestic [Read Order]](https://images.taxscan.in/h-upload/2026/01/02/500x300_2116679-gst-itc-refund-restricted-direct-supply-electricity-bangladesh-ap-high-court.webp)
GST ITC Refund Restricted to Direct Supply of Electricity to Bangladesh: AP High Court Rules SEIL’s Supplies Via PTC Domestic [Read Order]
The Andhra Pradesh High Court has ruled that Goods and Services Tax (GST) Input Tax Credit (ITC) refund can only be claimed upon direct supply of...
![Penalty for ‘Inaccurate Particulars’ Sustained: ITAT upholds ₹12.45 Lakh Levy on Stock Broker [Read Order] Penalty for ‘Inaccurate Particulars’ Sustained: ITAT upholds ₹12.45 Lakh Levy on Stock Broker [Read Order]](https://images.taxscan.in/h-upload/2026/01/02/750x450_2116735-stock-broker-taxscan.webp)
Penalty for ‘Inaccurate Particulars’ Sustained: ITAT upholds ₹12.45 Lakh Levy on Stock Broker [Read Order]
The tribunal ruled that the penalty for furnishing inaccurate particulars of income is sustainable where the charge is clearly conveyed and unsupported expense claims are established on record.



![Penalty for ‘Inaccurate Particulars’ Sustained: ITAT upholds ₹12.45 Lakh Levy on Stock Broker [Read Order] Penalty for ‘Inaccurate Particulars’ Sustained: ITAT upholds ₹12.45 Lakh Levy on Stock Broker [Read Order]](https://images.taxscan.in/h-upload/2026/01/02/250x150_2116735-stock-broker-taxscan.webp)
![Share Allotment before Receipt of Application Money Violates S 42: MCA Imposes ₹2.89 Lakh Penalty on Company and Directors [Read Order] Share Allotment before Receipt of Application Money Violates S 42: MCA Imposes ₹2.89 Lakh Penalty on Company and Directors [Read Order]](https://images.taxscan.in/h-upload/2026/01/02/250x150_2116689-share-allotment-before-receipt-application-money-violates-mca-imposes-penalty-company-directors.webp)
![Interest-Free Advances from Share Capital Don not Attract Notional Tax: ITAT [Read Order] Interest-Free Advances from Share Capital Don not Attract Notional Tax: ITAT [Read Order]](/images/placeholder.jpg)


![GST ITC Refund Restricted to Direct Supply of Electricity to Bangladesh: AP High Court Rules SEIL’s Supplies Via PTC Domestic [Read Order] GST ITC Refund Restricted to Direct Supply of Electricity to Bangladesh: AP High Court Rules SEIL’s Supplies Via PTC Domestic [Read Order]](https://images.taxscan.in/h-upload/2026/01/02/750x450_2116679-gst-itc-refund-restricted-direct-supply-electricity-bangladesh-ap-high-court.webp)
![Delhi High Court Sets Aside Ex-Parte GST Order Against Logistics Firm, Remands Matter for Fresh Adjudication [Read Order] Delhi High Court Sets Aside Ex-Parte GST Order Against Logistics Firm, Remands Matter for Fresh Adjudication [Read Order]](https://images.taxscan.in/h-upload/2026/01/01/500x300_2116540-delhi-high-court-sets-aside-ex-parte-gst-order-against-logistics-firm-taxscan.webp)

![GST Rate Restructuring for Tobacco Products: Centre Notifies New Classification w.e.f. from Feb 1, 2026 [Read Notification] GST Rate Restructuring for Tobacco Products: Centre Notifies New Classification w.e.f. from Feb 1, 2026 [Read Notification]](https://images.taxscan.in/h-upload/2026/01/01/500x300_2116483-gst-rate-restructuring-tobacco-products-centre-notifies-classification-taxscan.webp)
![GST ITC Utilisation Up to 90% is Not a Bar to Refund: Delhi HC Directs Dept to Pay Refund of Rs. 25,16,760 with Interest [Read Order] GST ITC Utilisation Up to 90% is Not a Bar to Refund: Delhi HC Directs Dept to Pay Refund of Rs. 25,16,760 with Interest [Read Order]](https://images.taxscan.in/h-upload/2026/01/01/500x300_2116446-gst-itc-utilisation-up-to-90-is-not-a-bar-to-refund-delhi-hc-directs-dept-to-pay-refund-of-rs-2516760-with-interest-taxscan.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/2025/12/08/750x450_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)
![Service Tax Demand Based only on ITR–ST-3 Mismatch Unsustainable: CESTAT Holds Revenue must Establish Taxable Value before Levy [Read Order] Service Tax Demand Based only on ITR–ST-3 Mismatch Unsustainable: CESTAT Holds Revenue must Establish Taxable Value before Levy [Read Order]](https://images.taxscan.in/h-upload/2025/12/06/500x300_2110562-service-tax-demand-trst-3-cestat-taxable-value-before-levy-taxscan.webp)
![Construction of Govt. Residential Quarters to GSPHCL Not Taxable: CESTAT Drops Service Tax Demand on Works Contract but Upholds GTA Liability [Read Order] Construction of Govt. Residential Quarters to GSPHCL Not Taxable: CESTAT Drops Service Tax Demand on Works Contract but Upholds GTA Liability [Read Order]](https://images.taxscan.in/h-upload/2025/12/07/500x300_2110695-construction-govt-residential-quarters-gsphcl-taxable-cestat-drops-service-tax-demand-works-contract-upholds-gta-liability.webp)

![NCLAT Refuses Condonation of Delay in Share Transfer Dispute, Holds S. 14 Inapplicable after Dismissal of Civil Suit [Read Order] NCLAT Refuses Condonation of Delay in Share Transfer Dispute, Holds S. 14 Inapplicable after Dismissal of Civil Suit [Read Order]](https://images.taxscan.in/h-upload/2026/01/01/750x450_2116526-nclat-condonation-delay-share-transfer-dispute-holds-civil-suit-taxscan.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

![Share Allotment before Receipt of Application Money Violates S 42: MCA Imposes ₹2.89 Lakh Penalty on Company and Directors [Read Order] Share Allotment before Receipt of Application Money Violates S 42: MCA Imposes ₹2.89 Lakh Penalty on Company and Directors [Read Order]](https://images.taxscan.in/h-upload/2026/01/02/500x300_2116689-share-allotment-before-receipt-application-money-violates-mca-imposes-penalty-company-directors.webp)
![Registered Office Default Since 2019: MCA Imposes Penalty on Company and Its Directors [Read Order] Registered Office Default Since 2019: MCA Imposes Penalty on Company and Its Directors [Read Order]](https://images.taxscan.in/h-upload/2026/01/02/500x300_2116687-registered-office-default-since-2019-mca-imposes-penalty-company-its-directors-taxscan.webp)
![Annual Tax and Corporate Law Digest 2025: High Court Cases [Part XXXVIII] Annual Tax and Corporate Law Digest 2025: High Court Cases [Part XXXVIII]](https://images.taxscan.in/h-upload/2025/12/30/500x300_2115994-supreme-court-part-xxxviii.webp)



