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Orissa HC Directs GSTAT Route: Writ Against GST Appeal Order Disposed With Mandatory Deposit Condition u/s. 112(8)
The Cuttack Bench of Orissa High Court disposed of a writ petition challenging an appellate order passed under the Goods and Services Tax (GST)...
![Loss from Currency Derivatives Held as Speculative Transaction, Not Business: ITAT Upholds ₹4.05 Cr Foreign Exchange Loss and Brokerage Disallowance [Read Order]](https://images.taxscan.in/h-upload/2025/12/19/250x150_2113255-loss-currency-derivatives-held-speculative-transaction-business-itat-upholds-foreign-exchange-loss-brokerage-disallowance-taxscan.webp "Loss from Currency Derivatives Held as Speculative Transaction, Not Business: ITAT Upholds ₹4.05 Cr Foreign Exchange Loss and Brokerage Disallowance [Read Order]")
![Tripura HC Quashes VAT Penalty Notices Issued 9 Years After Transactions and Post Refund Claim as Violative of Art 14 [Read Order]](https://images.taxscan.in/h-upload/2025/12/19/250x150_2113288-tripura-hc-vat-penalty-notices-refund-claim-vat-penalty-vat-notice-taxscan.webp "Tripura HC Quashes VAT Penalty Notices Issued 9 Years After Transactions and Post Refund Claim as Violative of Art 14 [Read Order]")
![Tripura HC Quashes VAT Penalty Notices Issued 9 Years After Transactions and Post Refund Claim as Violative of Art 14 [Read Order]](https://images.taxscan.in/h-upload/2025/12/19/500x300_2113288-tripura-hc-vat-penalty-notices-refund-claim-vat-penalty-vat-notice-taxscan.webp "Tripura HC Quashes VAT Penalty Notices Issued 9 Years After Transactions and Post Refund Claim as Violative of Art 14 [Read Order]")
![GSTR-9 Audit Checklist: Verification of Table 6A1 vs Table 6H [Access Checklist PDF Here]](https://images.taxscan.in/h-upload/2025/12/19/500x300_2113277-gstr-9-audit-checklist-verification-table-6a1-table-6h-taxscan.webp "GSTR-9 Audit Checklist: Verification of Table 6A1 vs Table 6H [Access Checklist PDF Here]")
![UP GST Adjudication Without Personal Hearing Set Aside: Allahabad HC Grants 15 Days to Buddha Resorts to File Reply [Read Order]](https://images.taxscan.in/h-upload/2025/12/19/500x300_2113209-up-gst-adjudication-personal-hearing-aside-allahabad-buddha-resorts-taxscan.webp "UP GST Adjudication Without Personal Hearing Set Aside: Allahabad HC Grants 15 Days to Buddha Resorts to File Reply [Read Order]")
![Loss from Currency Derivatives Held as Speculative Transaction, Not Business: ITAT Upholds ₹4.05 Cr Foreign Exchange Loss and Brokerage Disallowance [Read Order]](https://images.taxscan.in/h-upload/2025/12/19/750x450_2113255-loss-currency-derivatives-held-speculative-transaction-business-itat-upholds-foreign-exchange-loss-brokerage-disallowance-taxscan.webp "Loss from Currency Derivatives Held as Speculative Transaction, Not Business: ITAT Upholds ₹4.05 Cr Foreign Exchange Loss and Brokerage Disallowance [Read Order]")
Loss from Currency Derivatives Held as Speculative Transaction, Not Business: ITAT Upholds ₹4.05 Cr Foreign Exchange Loss and Brokerage Disallowance [Read Order]
The Tribunal affirmed that transactions in currency derivatives were not covered under the exceptions, thereby categorizing the resultant loss and related brokerage as speculative in nature and non-allowable as normal business expenses
![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/2025/12/19/750x450_2113176-chhattisgarh-hc-scn-writ-jurisdiction-state-beverages-service-tax-demand-taxscan.webp "Writ Jurisdiction Not Invocable at SCN Stage: Chhattisgarh HC Dismisses State Beverages Corporation’s Plea on Service Tax Demand [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 "Service Tax Demand Based only on ITR–ST-3 Mismatch Unsustainable: CESTAT Holds Revenue must Establish Taxable Value before Levy [Read Order]")
![When Dept Admits No Service Tax Liability, It cannot Deny Refund of Deposit made during Investigation on Limitation: Chhattisgarh HC [Read Order]](https://images.taxscan.in/h-upload/2025/12/08/500x300_2111017-chhattisgarh-hc-taxscan.jfif "When Dept Admits No Service Tax Liability, It cannot Deny Refund of Deposit made during Investigation on Limitation: Chhattisgarh HC [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 "Construction of Govt. Residential Quarters to GSPHCL Not Taxable: CESTAT Drops Service Tax Demand on Works Contract but Upholds GTA Liability [Read Order]")
![Karnataka HC Quashes OIA Since Issue Already Settled by Coordinate Bench, Remands Service Tax Dispute on Labour Charges [Read Order]](https://images.taxscan.in/h-upload/2025/12/01/500x300_2109295-karnataka-hc-taxscan.jfif "Karnataka HC Quashes OIA Since Issue Already Settled by Coordinate Bench, Remands Service Tax Dispute on Labour Charges [Read Order]")
Shareholder Has Locus to Challenge Collusive CIRP: NCLAT Holds “Any Person Aggrieved” u/s 61 Must Be Read Widely, Distinguishes Park Energy Case [Read Order]
Since the appellant had challenged the initiation of CIRP on grounds of fraud, collusion, and misuse of Section 7 to bypass shareholder approval under Section 10, the Tribunal held that he clearly fell within the ambit of an aggrieved person
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
Shareholder Has Locus to Challenge Collusive CIRP: NCLAT Holds “Any Person Aggrieved” u/s 61 Must Be Read Widely, Distinguishes Park Energy Case [Read Order]
Since the appellant had challenged the initiation of CIRP on grounds of fraud, collusion, and misuse of Section 7 to bypass shareholder approval under Section 10, the Tribunal held that he clearly fell within the ambit of an aggrieved person
![Bidders Refusal to Accept LOI Triggers Valid Forfeiture of Earnest Money: Karnataka HC Sets Aside Refund of ₹70 lakh [Read Order]](https://images.taxscan.in/h-upload/2025/12/19/500x300_2113282-accept-loi-triggers-valid-forfeiture-earnest-money-karnataka-hc-sets-aside-refund-taxscan.webp "Bidders Refusal to Accept LOI Triggers Valid Forfeiture of Earnest Money: Karnataka HC Sets Aside Refund of ₹70 lakh [Read Order]")
![Customs Duty Exemption Denied for Misrepresentation and Only 5.18% Value Addition: Karnataka HC Sets Aside CEGAT Order [Read Order]](https://images.taxscan.in/h-upload/2025/12/18/500x300_2113015-customs-duty-exemption-misrepresentation-value-addition-karnataka-hc-cegat-order-taxscan.webp "Customs Duty Exemption Denied for Misrepresentation and Only 5.18% Value Addition: Karnataka HC Sets Aside CEGAT Order [Read Order]")
