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![Madras HC Quashes Income Tax Reassessment Against Cognizant, Upholds 60% Depreciation on Computer Software for AY 2002-03 [Read Order]](https://images.taxscan.in/h-upload/2025/12/26/500x300_2114994-madras-hc-income-tax-reassessment-against-cognizant-depreciation-computer-software-ay-2002-03-taxscan.webp "Madras HC Quashes Income Tax Reassessment Against Cognizant, Upholds 60% Depreciation on Computer Software for AY 2002-03 [Read Order]")
Madras HC Quashes Income Tax Reassessment Against Cognizant, Upholds 60% Depreciation on Computer Software for AY 2002-03 [Read Order]
In a recent judgment, the Madras High Court quashed the reassessment proceedings against the assessee as time-barred. It upheld the company's...
![No Extended Limitation allowable without Mens Rea: CESTAT Quashes ₹18.95 Crore Service Tax Demand [Read Order]](https://images.taxscan.in/h-upload/2025/12/26/250x150_2114989-no-extended-limitation-allowable-without-mens-rea-cestat-quashes-1895-crore-service-tax-demand-taxscan.webp "No Extended Limitation allowable without Mens Rea: CESTAT Quashes ₹18.95 Crore Service Tax Demand [Read Order]")
![No Abetment without Knowledge or Intent to evade: CESTAT Sets Aside ₹15 Lakh Customs Penalty On CFO [Read Order]](https://images.taxscan.in/h-upload/2025/12/26/250x150_2114985-abetment-cestat-customs-penalty-cfo-taxscan.webp "No Abetment without Knowledge or Intent to evade: CESTAT Sets Aside ₹15 Lakh Customs Penalty On CFO [Read Order]")
![SEBI Simplifies Basic Services Demat Accounts, Relaxes Eligibility Norms and Reduces Compliance Burden [Read Circular]](https://images.taxscan.in/h-upload/2025/12/26/250x150_2114981-sebi-mandates-hal-f-yearly-transparency-taxscan.webp "SEBI Simplifies Basic Services Demat Accounts, Relaxes Eligibility Norms and Reduces Compliance Burden [Read Circular]")
![Payments by Deloitte for Global Brand, Communication & IT Support Not ‘Royalty’: ITAT rules No TDS applicable u/s 195 [Read Order]](https://images.taxscan.in/h-upload/2025/12/26/250x150_2114931-payments-deloitte-f-global-brand-communication-taxscan.webp "Payments by Deloitte for Global Brand, Communication & IT Support Not ‘Royalty’: ITAT rules No TDS applicable u/s 195 [Read Order]")
![GST Dept Recovers Over 20% of Disputed Tax During Pendency of Rectification Application: Calcutta HC Stays Recovery [Read Order]](https://images.taxscan.in/h-upload/2025/12/26/750x450_2114949-bogusness-of-gst-bill-gst-bill-know-and-report-understand-taxscan.webp "GST Dept Recovers Over 20% of Disputed Tax During Pendency of Rectification Application: Calcutta HC Stays Recovery [Read Order]")
![Air Purifiers Qualify as Medical Devices: Delhi HC Seeks GST Council Review of 18% GST Amid Pollution Crisis [Read Order]](https://images.taxscan.in/h-upload/2025/12/25/500x300_2114831-delhi-hc-seeks-gst-council-review-gst-amid-pollution-crisis-taxscan.webp "Air Purifiers Qualify as Medical Devices: Delhi HC Seeks GST Council Review of 18% GST Amid Pollution Crisis [Read Order]")
![Illness of Firms Partner is Sufficient Cause for Condonation of Delay: Calcutta HC Quashes GST Appellate Order [Read Order]](https://images.taxscan.in/h-upload/2025/12/25/500x300_2114769-illness-firm-partner-sufficient-cause-condonation-delay-calcutta-hc-quashes-gst-appellate-order-taxscan.webp "Illness of Firms Partner is Sufficient Cause for Condonation of Delay: Calcutta HC Quashes GST Appellate Order [Read Order]")
![Why CA Cannot issue GST Clearance Certificate in Service Tenders: Insights from Bombay HC Order [Read Order]](https://images.taxscan.in/h-upload/2025/12/24/500x300_2114491-gst-clearance-certificate-service-tenders-bombay-hc-taxscan.webp "Why CA Cannot issue GST Clearance Certificate in Service Tenders: Insights from Bombay HC Order [Read Order]")
![Madras HC Quashes Income Tax Reassessment Against Cognizant, Upholds 60% Depreciation on Computer Software for AY 2002-03 [Read Order]](https://images.taxscan.in/h-upload/2025/12/26/750x450_2114994-madras-hc-income-tax-reassessment-against-cognizant-depreciation-computer-software-ay-2002-03-taxscan.webp "Madras HC Quashes Income Tax Reassessment Against Cognizant, Upholds 60% Depreciation on Computer Software for AY 2002-03 [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 "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]](https://images.taxscan.in/h-upload/2025/12/19/500x300_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]")
![No Abetment without Knowledge or Intent to evade: CESTAT Sets Aside ₹15 Lakh Customs Penalty On CFO [Read Order]](https://images.taxscan.in/h-upload/2025/12/26/750x450_2114985-abetment-cestat-customs-penalty-cfo-taxscan.webp "No Abetment without Knowledge or Intent to evade: CESTAT Sets Aside ₹15 Lakh Customs Penalty On CFO [Read Order]")
![Date of Default Not Mandatory in Invoice-Based Demand Notice: NCLAT Sets Aside Section 9 Rejection [Read Order]](https://images.taxscan.in/h-upload/2025/12/15/750x450_2112278-date-default-not-mandatory-invoice-based-demand-notice-nclat-sets-aside-section-9-rejection-taxscan.webp "Date of Default Not Mandatory in Invoice-Based Demand Notice: NCLAT Sets Aside Section 9 Rejection [Read Order]")
Date of Default Not Mandatory in Invoice-Based Demand Notice: NCLAT Sets Aside Section 9 Rejection [Read Order]
The Tribunal ruled that Form-4 demand notices need not mention a specific date of default when invoices reflect the default, and limitation applies from the last transaction in continuous dealings. Thus, setting aside Section 9 of the IBC.
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
Date of Default Not Mandatory in Invoice-Based Demand Notice: NCLAT Sets Aside Section 9 Rejection [Read Order]
The Tribunal ruled that Form-4 demand notices need not mention a specific date of default when invoices reflect the default, and limitation applies from the last transaction in continuous dealings. Thus, setting aside Section 9 of the IBC.
![SEBI Simplifies Basic Services Demat Accounts, Relaxes Eligibility Norms and Reduces Compliance Burden [Read Circular]](https://images.taxscan.in/h-upload/2025/12/26/750x450_2114981-sebi-mandates-hal-f-yearly-transparency-taxscan.webp "SEBI Simplifies Basic Services Demat Accounts, Relaxes Eligibility Norms and Reduces Compliance Burden [Read Circular]")
![Trader Challenges Sandalwood Import Cap of 5,000 Cubic Meters: Delhi HC Directs DGFT To Review within 12 Weeks [Read Order]](https://images.taxscan.in/h-upload/2025/12/26/500x300_2114948-trader-challenges-sandalwood-import-cap-5000-cubic-meters-taxscan.webp "Trader Challenges Sandalwood Import Cap of 5,000 Cubic Meters: Delhi HC Directs DGFT To Review within 12 Weeks [Read Order]")
![IBBI Mandates Disclosure of Beneficial Ownership in Resolution Plan through Seventh Amendment to CIRP Regulations [Read Notification]](https://images.taxscan.in/h-upload/2025/12/26/500x300_2114928-ibbi-mandates-disclosure-beneficial-ownership-resolution-plan-through-seventh-amendment-cirp-regulations-taxscan.webp "IBBI Mandates Disclosure of Beneficial Ownership in Resolution Plan through Seventh Amendment to CIRP Regulations [Read Notification]")
![GST Appellate Authority Fails to consider Transportation Bills and Related Documents: Calcutta HC Quashes Order [Read Order]](https://images.taxscan.in/h-upload/2025/12/26/500x300_2114957-gst-appellate-authority-fails-to-consider-transportation-bills-and-related-documents-calcutta-hc-quashes-order.webp "GST Appellate Authority Fails to consider Transportation Bills and Related Documents: Calcutta HC Quashes Order [Read Order]")
![Annual Tax & Corporate Law Digest 2025: Complete High Court Cases [Part XV]](https://images.taxscan.in/h-upload/2025/12/23/500x300_2114255-annual-tax-corporate-law-digest-2025-complete-high-court-cases-taxscan.jfif "Annual Tax & Corporate Law Digest 2025: Complete High Court Cases [Part XV]")
