Advika Dwivedi
India’s Direct Tax Collections Reflect Rise of Net Collections Up by 6.33% in FY 2025-26
On October 12, 2025, Central Board of Direct Taxes (CBDT) demonstrated that direct tax collection of the country showed an increase during FY...
![“Reason to Believe” Must Rest on Correct Facts: ITAT invalidates Reopening Based on Wrong Assumptions [Read Order]](https://images.taxscan.in/h-upload/2025/10/15/250x150_2096839-itat-taxscan.webp "“Reason to Believe” Must Rest on Correct Facts: ITAT invalidates Reopening Based on Wrong Assumptions [Read Order]")
![Bullion Trader’s Demonetisation Cash Deposits Found Genuine: ITAT Deletes ₹9.24 Crore Addition u/s 68 of the Income Tax Act [Read Order]](https://images.taxscan.in/h-upload/2025/10/15/250x150_2096821-demonetisation-cash-deposits-itat-ncome-tax-act-taxscan.webp "Bullion Trader’s Demonetisation Cash Deposits Found Genuine: ITAT Deletes ₹9.24 Crore Addition u/s 68 of the Income Tax Act [Read Order]")
![Salary Earned for Services Rendered in the U.S. Not Taxable in India: ITAT directs AO to Verify TRC and Grant DTAA Relief [Read Order]](https://images.taxscan.in/h-upload/2025/10/15/250x150_2096726-india-us-dtaa-taxscan.webp "Salary Earned for Services Rendered in the U.S. Not Taxable in India: ITAT directs AO to Verify TRC and Grant DTAA Relief [Read Order]")
Survey Income Offered Prior to Amendment to Be Taxed as Business Income, ₹33 Lakh Surrender not Liable to 60% Tax u/s 115BBE: ITAT [Read Order]
The bench of the Income Tax Appellate Tribunal (ITAT), Chandigarh, held that income of ₹33 lakh surrendered during a survey conducted before the introduction of the higher tax rate under Section...
![Survey Income Offered Prior to Amendment to Be Taxed as Business Income, ₹33 Lakh Surrender not Liable to 60% Tax u/s 115BBE: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/10/15/500x300_2096717-business-income-taxscan.webp "Survey Income Offered Prior to Amendment to Be Taxed as Business Income, ₹33 Lakh Surrender not Liable to 60% Tax u/s 115BBE: ITAT [Read Order]")
![Non-Faceless Income Tax Reassessment Notices u/s 148 are Invalid: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/10/15/500x300_2096713-reassessment-notice-taxscan.webp "Non-Faceless Income Tax Reassessment Notices u/s 148 are Invalid: ITAT [Read Order]")
Subscription and Redemption of Mutual Fund Units amounts to Sale: AAAR on Zydus Lifesciences Ltd.’s Appeal [Read Order]
The bench of the Appellate Authority for Advance Ruling (AAAR), Ahmedabad, Gujarat (GAAAR) applying the common parlance test to held that the subscription and redemption of mutual fund units amount...
![Subscription and Redemption of Mutual Fund Units amounts to Sale: AAAR on Zydus Lifesciences Ltd.’s Appeal [Read Order]](https://images.taxscan.in/h-upload/2025/10/10/500x300_2095419-rajasthan-appellate-authority-supplier-of-goods-or-services-aar-dismissed-the-application-of-advance-ruling-taxscan.webp "Subscription and Redemption of Mutual Fund Units amounts to Sale: AAAR on Zydus Lifesciences Ltd.’s Appeal [Read Order]")
Reverse Charge Mechanism Not Applicable on Purchases from Unregistered Intra-State Suppliers: AAR [Read Order]
The bench of the Authority for Advance Ruling (AAR), Chennai, Tamil Nadu has ruled that the purchases of M-sand, P-sand, Blue Metals, Boulders, and Hollow Bricks from unregistered suppliers within...
![Reverse Charge Mechanism Not Applicable on Purchases from Unregistered Intra-State Suppliers: AAR [Read Order]](https://images.taxscan.in/h-upload/2025/10/10/500x300_2095398-bank-charges-reverse-charge-mechanism-cestat-taxscan.webp "Reverse Charge Mechanism Not Applicable on Purchases from Unregistered Intra-State Suppliers: AAR [Read Order]")
Electrical Works for Factory Expansion Ineligible for ITC: AAR Rules Installations Form Part of Immovable Property [Read Order]
The Bench of the Authority for Advance Ruling (AAR), Chennai, Tamil Nadu, held that Input Tax Credit (ITC) on electrical installation works undertaken for the expansion of a factory is not eligible...
![Electrical Works for Factory Expansion Ineligible for ITC: AAR Rules Installations Form Part of Immovable Property [Read Order]](https://images.taxscan.in/h-upload/2025/10/10/500x300_2095400-electrical-works-factory-expansion-taxscan.webp "Electrical Works for Factory Expansion Ineligible for ITC: AAR Rules Installations Form Part of Immovable Property [Read Order]")
Non-Verification of Electronic Evidence with Corroborating Statements as per S.9D of Central Excise Act: CESTAT quashes Demand Order on Alleged Clandestine Movement of M S Ingots [Read Order]
The bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Chennai, has set aside a demand order concerning the alleged clandestine movement of M.S. Ingots, ruling that...
![Non-Verification of Electronic Evidence with Corroborating Statements as per S.9D of Central Excise Act: CESTAT quashes Demand Order on Alleged Clandestine Movement of M S Ingots [Read Order]](https://images.taxscan.in/h-upload/2025/10/08/500x300_2094774-larger-period-of-limitation-central-excise-act-holder-for-valuable-consideration-excise-customs-service-tax-taxscan.webp "Non-Verification of Electronic Evidence with Corroborating Statements as per S.9D of Central Excise Act: CESTAT quashes Demand Order on Alleged Clandestine Movement of M S Ingots [Read Order]")