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Unexplained Cash Addition u/s 69 Deleted by CIT(A) on Evidence of Source of Share Application Money: ITAT Remands Matter for Fresh Verification of Source [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) remanded the matter relating to unexplained cash addition of Rs. 2.05 crore under Section...
![No Disallowance u/s 14A r/w Rule 8D can be Made When No Exempt Income Earned: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/10/23/250x150_2099391-no-disallowance-no-exempt-income-earned-itat-taxscan.webp "No Disallowance u/s 14A r/w Rule 8D can be Made When No Exempt Income Earned: ITAT [Read Order]")
![Levy of IGST on Ocean Freight under CIF Contracts Invalid after Mohit Minerals Ruling: Madras HC [Read Order]](https://images.taxscan.in/h-upload/2025/10/23/500x300_2099254-levyofigst-oceanfreight-cifcontractsinvalid-mohitmineralsruling-madrashc-taxscanoptimized150.webp "Levy of IGST on Ocean Freight under CIF Contracts Invalid after Mohit Minerals Ruling: Madras HC [Read Order]")
Unexplained Cash Addition u/s 69 Deleted by CIT(A) on Evidence of Source of Share Application Money: ITAT Remands Matter for Fresh Verification of Source [Read Order]
The assessee’s appeal against addition of Rs. 2.05 crore under Section 69 for unexplained cash was allowed by CIT(A), who accepted that the amount was received as share application money from a director. However, ITAT remanded the matter to the AO for fresh verification of the source and creditworthiness of the funds.
![Service Tax Demand Cannot be Held as Bad in Law merely due to Payment made in Advance: CESTAT Remands Appeal for Redetermination [Read Order]](https://images.taxscan.in/h-upload/2025/10/21/750x450_2098801-service-tax-demand-cestat-hyderabad-tascan.webp "Service Tax Demand Cannot be Held as Bad in Law merely due to Payment made in Advance: CESTAT Remands Appeal for Redetermination [Read Order]")
![Service Tax Not Leviable on Training Programs Conducted with University: CESTAT [Read Order]](https://images.taxscan.in/h-upload/2025/10/17/500x300_2097464-cestat-new-delhi-service-tax-service-tax-not-leviable-taxscan.webp "Service Tax Not Leviable on Training Programs Conducted with University: CESTAT [Read Order]")
![Wrongly Paid Service Tax under SEZ Act: CESTAT Remands Claim for Fresh Examination and Directs Refund [Read Order]](https://images.taxscan.in/h-upload/2025/10/15/500x300_2096919-cestat-hyderabad-service-tax-sez-act-taxscan.webp "Wrongly Paid Service Tax under SEZ Act: CESTAT Remands Claim for Fresh Examination and Directs Refund [Read Order]")
![Relief for Maruti Suzuki: CESTAT Rules Education Cess Payable on Net Service Tax after Deducting R&D Cess [Read Order]](https://images.taxscan.in/h-upload/2025/10/15/500x300_2096807-maruti-suzuki-taxscan.webp "Relief for Maruti Suzuki: CESTAT Rules Education Cess Payable on Net Service Tax after Deducting R&D Cess [Read Order]")
![Mismatch Between Income Tax and ST-3 Returns: CESTAT Upholds Service Tax Demand for Unexplained Discrepancy [Read Order]](https://images.taxscan.in/h-upload/2025/10/15/500x300_2096796-cestat-bangalore-service-tax-demand-income-tax-taxscan.webp "Mismatch Between Income Tax and ST-3 Returns: CESTAT Upholds Service Tax Demand for Unexplained Discrepancy [Read Order]")
![Semi Conductor Laboratory Not a Business Entity, Not Liable to Pay Service Tax on CISF Security Services: CESTAT [Read Order]](https://images.taxscan.in/h-upload/2025/10/22/750x450_2099128-cisf-security-taxscan.webp "Semi Conductor Laboratory Not a Business Entity, Not Liable to Pay Service Tax on CISF Security Services: CESTAT [Read Order]")
Reason for Default Irrelevant: NCLT Admits Section 7 Petition Rejecting COVID-19 & Technical Defences [Read Order]
The tribunal observed that once a corporate debtor defaults on a debt, the reason for the default, including inability to pay due to COVID-19, is irrelevant for admitting the petition. Technical objections, including alleged insufficient stamping of documents and procedural defects, were also rejected.
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
Navasree A.MReason for Default Irrelevant: NCLT Admits Section 7 Petition Rejecting COVID-19 & Technical Defences [Read Order]
The tribunal observed that once a corporate debtor defaults on a debt, the reason for the default, including inability to pay due to COVID-19, is irrelevant for admitting the petition. Technical objections, including alleged insufficient stamping of documents and procedural defects, were also rejected.
![DGFT Reinstates and Amends SION C-676 for Export of Hot Dipped Galvanised Tension Bars, Gate Rods, Truss Rods/Drop Rods [Read Public Notice]](https://images.taxscan.in/h-upload/2025/10/23/750x450_2099383-dgft-reinstates-amends-sion-export-of-hot-dipped-galvanised-tension-bars-gate-rods-truss-rods-drop-rods-taxscan.webp "DGFT Reinstates and Amends SION C-676 for Export of Hot Dipped Galvanised Tension Bars, Gate Rods, Truss Rods/Drop Rods [Read Public Notice]")
