Taxscan | Simplifying Tax Laws

Disallowance to Income due to Non-appreciation of Evidence in Alleged Manipulation of Scrip Share Price Unlawful: ITAT Partly allows Appeal [Read Order]

The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, allowed an appeal partly noting sufficient evidence in a case where unlawful disallowance...

Disallowance to Income due to Non-appreciation of Evidence in Alleged Manipulation of Scrip Share Price Unlawful: ITAT Partly allows Appeal [Read Order]

ITAT Weekly Round-up

Section 95 Insolvency Plea Filed During Interim Moratorium Void Ab Initio Even after Case...

Income Tax Rule Change: Disclosure Now Mandatory for HRA Claims on Rent Paid to Father

Supreme Court & High Courts Weekly Round-Up

The Claims Ratio Truth: How to Identify the Best Health Insurance in India Based on Settlement Data

Best Health Insurance for Pre-Existing Conditions

Forming a US LLC from India: The Tax and Compliance Costs Nobody Talks About

How to Read a Health Insurance Policy Wording: Clauses That Change Your Claim Payout

GSTAT (Procedure) Rules, 2025: New E-Filing Rules Now Live

Gauhati HC Permits ITI Ltd to Rectify Mismatch between GSTR-1 and GSTR-3B, Quashes Order For Denying ITC Claim [Read Order]

Uttarakhand HC Quashes Ex-Parte GST Assessment for Lack of Valid Notice: Fresh Hearing Ordered u/s Section 75(4) [Read Order]

Investigations in Fake GST ITC case of Rs.21 Cr Completed: Telangana HC Grants Conditional Bail to Other Accused [Read Order]

GST appeal of LIC rejected as ‘Wrong Jurisdiction’ Set Aside: Orissa HC Directs Transmission to Proper Authority [Read Order]

Disallowance to Income due to Non-appreciation of Evidence in Alleged Manipulation of Scrip Share Price Unlawful: ITAT Partly allows Appeal [Read Order]

ITAT Weekly Round-up

Income Tax Rule Change: Disclosure Now Mandatory for HRA Claims on Rent Paid to Father

ITAT Sets Aside Reassessment Notice u/s 148 Issued Beyond Statutory Time Limit, says Proceedings...

Disallowance u/s 14A Unsustainable Without Recording of Proper Satisfaction: ITAT sets aside...

Service Tax Notice u/s 73 Unsustainable When Liability already Declared in ST-3 Returns: CESTAT [Read Order]

No Service Tax on Statutory Auction Fees, Demurrage: CESTAT Sets Aside ₹2.62 Crore Demand against Tobacco Board [Read Order]

Service Tax Demand cannot be Reopened After Issuance of SVLDRS Discharge Certificate: Gauhati HC [Read Order]

Reimbursement Received For Warranty Expenses From Foreign Manufacturer Not Taxable: CESTAT quashes Service Tax Demand Against IBM India [Read Order]

Service Tax Hearing Missed due to Health Issues: Meghalaya HC Grants Relief to 76 Year old Taxpayer, Stays Recovery [Read Order]

Service Tax Notice u/s 73 Unsustainable When Liability already Declared in ST-3 Returns: CESTAT [Read Order]

Classification Of SEZ Supplies as Dutiable Goods For Personal Use Unsustainable: CESTAT Sets Aside ₹82.78 Cr Demand on Dell India [Read Order]

CESTAT Weekly Round-up

CENVAT Credit on Cryogenic Storage Tanks and Fabrication Inputs Recognised as Capital Goods: CESTAT [Read Order]

CVD Exemption Under Central Excise Notification Rejected: CESTAT Rules Washed Manganese Ore as ‘Concentrate’ [Read Order]

Categorization does not Mention whether ‘Painted Steel Sheets’ were Galvanized or not: CESTAT Allows Appeal to Delete Redetermined Value [Read Order]

Belated Testing which may be Affected Over Time Cannot Override Contemporaneous Evidence: CESTAT Rules against CIMFR Reports [Read Order]

Section 95 Insolvency Plea Filed During Interim Moratorium Void Ab Initio Even after Case Withdrawal: NCLAT Quashes Insolvency Pleas [Read Order]

Important Update: CBDT Extends Deadline for Q3 TDS Certificate Issuance to March 31, 2026 [Read...

₹3.62 Crore Loan Default Triggers Insolvency: NCLT Rejects Objections On Stamping and NeSL Record...

NCLT Holds S.240A MSME Exemption Limited, ₹100 Crore Net Worth Rule Remains Binding in Insolvency...

Acknowledgment Of Debt In Balance Sheets Extends Limitation: NCLT Admits ₹283.95 Cr CIRP Despite...

Beach Sand Minerals Export Policy Under STE Mechanism Not Amenable To Competition Law: NCLAT...

Resolution Applicant Cannot Challenge RFRP Clauses Once Expression of Interest Submitted: NCLAT...

E-Way Bill System Under GST: Know Penalties and Consequences of Non-Compliance

Auditing Cryptocurrency? know the basics and How to Report It

Service Tax Not Payable on liquidated damages collected from supplier on account of non-performance of the contracts: CESTAT [Read Order]

55th GST Council Meeting Recommendations: All You Need to Know

GST on Intermediary Services- Gamut of Clarifications and Litigations!!

Why and How Political Parties Get Income Tax Exemption?

How can Freelancers manage their Income by Optimising Income Tax?

Top Global Accounting Scandals Impacted Reputation of Big Accounting Firms

Section 95 Insolvency Plea Filed During Interim Moratorium Void Ab Initio Even after Case Withdrawal: NCLAT Quashes Insolvency Pleas [Read Order]

Important Update: CBDT Extends Deadline for Q3 TDS Certificate Issuance to March 31, 2026 [Read...

₹3.62 Crore Loan Default Triggers Insolvency: NCLT Rejects Objections On Stamping and NeSL Record...

NCLT Holds S.240A MSME Exemption Limited, ₹100 Crore Net Worth Rule Remains Binding in Insolvency...

Acknowledgment Of Debt In Balance Sheets Extends Limitation: NCLT Admits ₹283.95 Cr CIRP Despite...

Supreme Court & High Courts Weekly Round-Up

NFRA Finds Audit Lapses at Six Firms, including Deloitte and Walker Chandiok

ICAI Introduces Business Accounting Associate (BAA) Certificate for CA Students

No TDS Obligation on Cross-Border Payments for Imported Business Information Reports u/s 195: SC upholds Bombay HC’s decision [Read Order]

CBIC Notifies Fresh Petroleum Duty Rates; Reduces Additional Duty on Petrol and Diesel For Domestic Consumption

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