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![Standard Assets Eligible for Deduction u/s 36(1)(viia): ITAT Quashes Income Tax Proceedings against Bajaj Finance [Read Order] Standard Assets Eligible for Deduction u/s 36(1)(viia): ITAT Quashes Income Tax Proceedings against Bajaj Finance [Read Order]](https://images.taxscan.in/h-upload/2026/02/03/500x300_2123555-standard-assets-eligible-deduction-us-36-1viia-itat-quashes-income-tax-proceedings-against-bajaj-finance-taxscan.webp)
Standard Assets Eligible for Deduction u/s 36(1)(viia): ITAT Quashes Income Tax Proceedings against Bajaj Finance [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench, upheld that standard assets are eligible for deduction under section 36(1)(viia) and quashed...


![CIRP Application Time Barred By Limitation Cannot Be Revived By Issuing Demand Notice u/s 8 IBC: NCLAT [Read Order] CIRP Application Time Barred By Limitation Cannot Be Revived By Issuing Demand Notice u/s 8 IBC: NCLAT [Read Order]](https://images.taxscan.in/h-upload/2026/02/03/250x150_2123552-cirp-application-time-barred-limitation-cannot-revived-taxscan.webp)
![Budget 2026: Know the Complete Taxation and Compliance Changes of Trusts and NGOs [Read Finance Bill 2026] Budget 2026: Know the Complete Taxation and Compliance Changes of Trusts and NGOs [Read Finance Bill 2026]](https://images.taxscan.in/h-upload/2026/02/03/250x150_2123547-budget-2026-taxation-compliance-trusts-ngos-taxscan.webp)
![Clandestine Removal Proven Through Private Diary & S.14 Admissions: CESTAT Upholds Excise Duty and Penalty on Tobacco Manufacturer [Read Order] Clandestine Removal Proven Through Private Diary & S.14 Admissions: CESTAT Upholds Excise Duty and Penalty on Tobacco Manufacturer [Read Order]](https://images.taxscan.in/h-upload/2026/01/31/250x150_2122785-clandestine-removal-proven-through-private-diary-s14-admissions-taxscan.webp)
![Related Party Nexus Between Financial Creditor and Corporate Debtor Pierces Corporate Veil: NCLAT Recall S. 7 Admission Order [Read Order] Related Party Nexus Between Financial Creditor and Corporate Debtor Pierces Corporate Veil: NCLAT Recall S. 7 Admission Order [Read Order]](https://images.taxscan.in/h-upload/2026/02/02/250x150_2123450-related-party-nexus-between-financial-creditor-corporate-debtor-pierces-corporate-veil-nclat-taxscan.webp)
![Budget 2026: Five-Year Tax Break for NRI Supplying Capital Goods to Small Manufacturers [Read Finance Bill 2026] Budget 2026: Five-Year Tax Break for NRI Supplying Capital Goods to Small Manufacturers [Read Finance Bill 2026]](https://images.taxscan.in/h-upload/2026/02/01/500x300_2122896-union-budget-2026-budget-scan-2026-tax-break-non-resident-tax-capital-good-small-manufacturers-taxscan.webp)



![Income Tax Return Figures Alone Insufficient for GST Demand: Madras HC Orders Forensic Verification [Read Order] Income Tax Return Figures Alone Insufficient for GST Demand: Madras HC Orders Forensic Verification [Read Order]](https://images.taxscan.in/h-upload/2026/02/02/750x450_2123399-income-tax-return-figures-alone-insufficient-gst-demand-taxscan.webp)
![Finance Bill, 2026: Amendments proposed in the IGST Act, 2017 ensuring Relief to Taxpayers [Read Finance Bill 2026] Finance Bill, 2026: Amendments proposed in the IGST Act, 2017 ensuring Relief to Taxpayers [Read Finance Bill 2026]](https://images.taxscan.in/h-upload/2026/02/01/500x300_2123090-union-budget-2026-budget-scan-2026-finance-bill-2026-budget-2026-gst-taxpayers-igst-act-gst-amendments-finance-bill-2026-igst-amendments-taxscan.webp)
![Orissa HC grants bail to accused in Rs. 85cr GST Fraud on Rs. 5L bond [Read Order] Orissa HC grants bail to accused in Rs. 85cr GST Fraud on Rs. 5L bond [Read Order]](https://images.taxscan.in/h-upload/2026/01/31/500x300_2122778-orissa-hc-grants-bail-accused-rs-85cr-gst-fraud-rs-5l-bond-taxscan.webp)

![Calcutta HC Remands GST ITC Dispute to Appellate Authority after Customs Clarifies Manual Bills of Entry Issue [Read Order] Calcutta HC Remands GST ITC Dispute to Appellate Authority after Customs Clarifies Manual Bills of Entry Issue [Read Order]](https://images.taxscan.in/h-upload/2026/01/31/500x300_2122783-calcutta-hc-remands-gst-itc-dispute-appellate-authority-customs-clarifies-manual-bills-entry-issue.webp)
![Standard Assets Eligible for Deduction u/s 36(1)(viia): ITAT Quashes Income Tax Proceedings against Bajaj Finance [Read Order] Standard Assets Eligible for Deduction u/s 36(1)(viia): ITAT Quashes Income Tax Proceedings against Bajaj Finance [Read Order]](https://images.taxscan.in/h-upload/2026/02/03/750x450_2123555-standard-assets-eligible-deduction-us-36-1viia-itat-quashes-income-tax-proceedings-against-bajaj-finance-taxscan.webp)
![Service Tax Exemption Limited to PGP and not to PGPPM, PGPEM, and EPGP Courses: SC Dismisses Revenue’s Delayed Appeal Against IIM [Read Order] Service Tax Exemption Limited to PGP and not to PGPPM, PGPEM, and EPGP Courses: SC Dismisses Revenue’s Delayed Appeal Against IIM [Read Order]](https://images.taxscan.in/h-upload/2026/01/29/750x450_2122439-service-tax-exemption-limited-to-pgp-and-not-to-pgppm-pgpem-and-epgp-courses-sc-dismisses-revenues-delayed-appeal-against-iim-taxscan.webp)
![CESTAT allows Service Tax Refund for Nokia, Denial on Rent-a-Cab, Outdoor Catering & Security Services Set Aside [Read Order] CESTAT allows Service Tax Refund for Nokia, Denial on Rent-a-Cab, Outdoor Catering & Security Services Set Aside [Read Order]](https://images.taxscan.in/h-upload/2026/01/27/500x300_2122002-service-tax-refund-nokia-taxscan.webp)
![VAT paid on Sale of Copyright of ‘Kolangal’ Dubbed Serials: CESTAT Quashes Service Tax Demand on Ananda Vikatan [Read Order] VAT paid on Sale of Copyright of ‘Kolangal’ Dubbed Serials: CESTAT Quashes Service Tax Demand on Ananda Vikatan [Read Order]](https://images.taxscan.in/h-upload/2026/01/26/500x300_2121966-vat-kolangal-dubbed-serials-cestat-service-tax-demand-ananda-vikatan-taxscan.webp)
![Service Tax Exemption for Non-Commercial Govt Buildings: CESTAT Remands Matter for Fresh Verification of Documents Under Notification [Read Order] Service Tax Exemption for Non-Commercial Govt Buildings: CESTAT Remands Matter for Fresh Verification of Documents Under Notification [Read Order]](https://images.taxscan.in/h-upload/2026/01/26/500x300_2121968-service-tax-exemption-non-commercial-govt-buildings-cestat-remands-fresh-verification-documents-under-notification-taxscan.webp)
![Bona Fide Belief Bars Extended Limitation u/s 73: CESTAT Quashes ₹3.72 Lakh Service Tax Demand [Read Order] Bona Fide Belief Bars Extended Limitation u/s 73: CESTAT Quashes ₹3.72 Lakh Service Tax Demand [Read Order]](https://images.taxscan.in/h-upload/2026/01/24/500x300_2121756-bona-fide-belief-service-tax-taxscan.webp)
![Clandestine Removal Proven Through Private Diary & S.14 Admissions: CESTAT Upholds Excise Duty and Penalty on Tobacco Manufacturer [Read Order] Clandestine Removal Proven Through Private Diary & S.14 Admissions: CESTAT Upholds Excise Duty and Penalty on Tobacco Manufacturer [Read Order]](https://images.taxscan.in/h-upload/2026/01/31/750x450_2122785-clandestine-removal-proven-through-private-diary-s14-admissions-taxscan.webp)
![CIRP Application Time Barred By Limitation Cannot Be Revived By Issuing Demand Notice u/s 8 IBC: NCLAT [Read Order] CIRP Application Time Barred By Limitation Cannot Be Revived By Issuing Demand Notice u/s 8 IBC: NCLAT [Read Order]](https://images.taxscan.in/h-upload/2026/02/03/750x450_2123552-cirp-application-time-barred-limitation-cannot-revived-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
![Budget 2026: Know the Complete Taxation and Compliance Changes of Trusts and NGOs [Read Finance Bill 2026] Budget 2026: Know the Complete Taxation and Compliance Changes of Trusts and NGOs [Read Finance Bill 2026]](https://images.taxscan.in/h-upload/2026/02/03/750x450_2123547-budget-2026-taxation-compliance-trusts-ngos-taxscan.webp)



![CBIC Exempts Excise Duty on Unbranded, Non-Retail Unmanufactured Tobacco and Refuse, Retains 18% Levy on Others [Read Notification] CBIC Exempts Excise Duty on Unbranded, Non-Retail Unmanufactured Tobacco and Refuse, Retains 18% Levy on Others [Read Notification]](https://images.taxscan.in/h-upload/2026/02/02/500x300_2123361-cbic-exempts-excise-duty-unmanufactured-tobacco-refuse-taxscan.webp)



