Taxscan | Simplifying Tax Laws

STT-Paid STCL Set-Off allowed against 30% STCG Despite 15% Rate: ITAT Quashes Denial [Read Order]

The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) set aside denial of set-off ruling that short-term capital loss (STCL) arising from...

STT-Paid STCL Set-Off allowed against 30% STCG Despite 15% Rate: ITAT Quashes Denial [Read Order]

Schedule BP Adjustment Ignored: ITAT Sets Aside ₹33.83 Cr Disallowance u/s. 37 & MAT Addition u/s....

No Hierarchy in STCL Set-Off u/s 70(2): ITAT Strikes Down AO’s Computation Method

Date of Share Transfer Determines “Holding Period”, Not Allotment Date: ITAT allows LTCG Exemption...

Multiple Cheques from Same Transaction can give Rise to Separate S. 138 NI Act Prosecutions: Supreme...

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CD’s Ledger Acknowledgement Negates Claim of Pre‑Existing Dispute: SC Sets Aside NCLAT Order and...

NCLT to Reconsider Rs. 92 Lakh Penalty Imposed for Non-Holding of AGMs Due to Directorial Deadlock:...

GST Officer Rejected Jindal Steel’s Rectification Plea on GST Shortfall between GSTR-3B & E-Way Bill Arbitrarily: Orissa HC Directs Proper Hearing [Read Order]

GST ITC Reversal on Limitation Unsustainable After Retrospective Insertion of S.16(5) of CGST Act: Madras HC Rules in Favour of Jewellery [Read Order]

Service Charges Cannot Be Added to Bill or Taxed with GST: CCPA Declares Mandatory Levy Illegal

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“Relevant Period” to be Applied Consistently while computing GST ITC, Turnover and Adjusted Turnover for Refund: Madras HC [Read Order]

STT-Paid STCL Set-Off allowed against 30% STCG Despite 15% Rate: ITAT Quashes Denial [Read Order]

Schedule BP Adjustment Ignored: ITAT Sets Aside ₹33.83 Cr Disallowance u/s. 37 & MAT Addition u/s....

No Hierarchy in STCL Set-Off u/s 70(2): ITAT Strikes Down AO’s Computation Method

Date of Share Transfer Determines “Holding Period”, Not Allotment Date: ITAT allows LTCG Exemption...

Brought-Forward Losses Cannot be Set Off against DTAA-Exempt LTCG: ITAT Bars Adjustment [Read Order]

₹55 Crore Service Tax Evasion a ‘Serious Economic Offence’: Punjab & Haryana HC Denies Bail to Director [Read Order]

Madras HC Quashes Service Tax Demand on Chennai Police for Bundobast Services, Holds Sovereign Functions Not Taxable before 1 June 2012 [Read Order]

Once SVLDRS Discharge Certificate Issued, No further Interest Payable on Belated Service Tax: Bombay HC rules against Revenue [Read Order]

SCN Lacks Precise BAS Classification: CESTAT Sets aside Service Tax Demand against Amway Distributor [Read Order]

Writ Jurisdiction Not Invocable at SCN Stage: Chhattisgarh HC Dismisses State Beverages Corporation’s Plea on Service Tax Demand [Read Order]

Chilly Seeds for Sowing Classified Under CTH 1209, Not CTH 0904: CESTAT Rules Chemical-Treated Seeds Not Classifiable as Spices [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]

No Exclusion of Limitation Period u/s 14 for Bills Not Prosecuted in Refund Proceedings: CESTAT Dismisses Appeal as Time-Barred [Read Order]

CESTAT Upholds Rs 19.5 Lakh Customs Penalty: Viscose Fabric Declared but Polyester Imported, Supplier Error Claim Rejected [Read Order]

License Condition "Subject to Notification" Not a Mandatory Payment Clause: CESTAT Quashes Customs Duty Demand on Gold Dore Bars [Read Order]

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Manufacturing Process Cannot Be Taxed as Service: CESTAT Quashes Service Tax Demand of Rs. 18.37 Lakh in Job Work Dispute [Read Order]

Supreme Court & High Courts Weekly Round-Up

Limitation Act Applies to "Courts" and not to Quasi-Judicial Bodies, Unless Expressly Empowered:...

Retrospective Application of S.433 of Companies Act Rejected: SC Holds CLB Cannot Borrow NCLT’s...

Non-disclosure of Secured Creditors in Capital Reduction Petition: NCLT Imposes 5 lakh Penalty on...

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Corporate Insolvency Process initiated against the Damara Gold Over ₹39 Crore Default: NCLT Admits...

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

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

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Supreme Court & High Courts Weekly Round-Up

Limitation Act Applies to "Courts" and not to Quasi-Judicial Bodies, Unless Expressly Empowered:...

Retrospective Application of S.433 of Companies Act Rejected: SC Holds CLB Cannot Borrow NCLT’s...

Non-disclosure of Secured Creditors in Capital Reduction Petition: NCLT Imposes 5 lakh Penalty on...

Annual Corporate Law Case Digests : NCLAT Rulings of 2025 (Part 9)

Multiple Cheques from Same Transaction can give Rise to Separate S. 138 NI Act Prosecutions: Supreme Court [Read Order]

ITR not filed with Audit Report Timely due to delay in Auditor Appointment: Orissa HC allows Belated Filing with Report [Read Order]

CLB Has No Authority to Extend Limitation u/s 58(3) of Companies Act: Supreme Court [Read Order]

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How Auditors must Communicate with Audit Committee/TCWG: NFRA Issues Circular, Complete Details Inside [Read Order]

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