Kavi Priya
Content writer at Taxscan with a passion for clear, engaging legal content. I simplify tax and law topics while sharpening my research and communication skills.
Delay in Obtaining Documents Not Sufficient Reason: NCLAT Refuses to Condone 248 days Delay in Recall Plea [Read Order]
The Chennai Bench of the National Company Law Appellate Tribunal (NCLAT) refused to condone a delay of 248 days in filing a recall application by...
CBDT Amends Rule 21AIA of Income Tax Rules: ETF Specified Fund Explanation Revised, Sub-Rule Omitted [Read Notification]
The Ministry of Finance, Department of Revenue, through the Central Board of Direct Taxes (CBDT), issued Notification No. 136/2025 dated August 21, 2025, announcing amendments to the Income Tax ...
![CBDT Amends Rule 21AIA of Income Tax Rules: ETF Specified Fund Explanation Revised, Sub-Rule Omitted [Read Notification]](https://images.taxscan.in/h-upload/2025/08/22/500x300_2079208-2078208-cbdt-salary-income-tax-rules-taxscan.webp "CBDT Amends Rule 21AIA of Income Tax Rules: ETF Specified Fund Explanation Revised, Sub-Rule Omitted [Read Notification]")
90-Day Time Limit under Regulation 2B for Completing Section 230 Scheme of Arrangement is Directory: NCLAT grants 90 More Days [Read Order]
The Chennai Bench of the National Company Law Appellate Tribunal (NCLAT) ruled that the 90-day time limit under Regulation 2B of the IBBI (Liquidation Process) Regulations, 2016 for completing a...
Relief for Godrej: CESTAT Rules Provisional Refunds Given Under Court Orders Cannot Be Treated as Wrong Refunds, No Interest Payable [Read Order]
The Kolkata Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) ruled that provisional refunds granted under binding court orders cannot be treated as erroneous refunds, and no...
![Relief for Godrej: CESTAT Rules Provisional Refunds Given Under Court Orders Cannot Be Treated as Wrong Refunds, No Interest Payable [Read Order]](https://images.taxscan.in/h-upload/2025/08/21/500x300_2079066-godrej-and-boyce-site-img-recovered.webp "Relief for Godrej: CESTAT Rules Provisional Refunds Given Under Court Orders Cannot Be Treated as Wrong Refunds, No Interest Payable [Read Order]")
Magistrate Issued Non-Bailable Warrant for Offence u/s 276C(2) of Income Tax Act, Punishable Max 3 Years: Bombay HC Quashes Order [Read Order]
In a recent ruling, the Bombay High Court held that issuing a non-bailable warrant for a bailable offence under Section 276C(2) of the Income Tax Act, which carries a maximum punishment of three ...
![Magistrate Issued Non-Bailable Warrant for Offence u/s 276C(2) of Income Tax Act, Punishable Max 3 Years: Bombay HC Quashes Order [Read Order]](https://images.taxscan.in/h-upload/2025/08/21/500x300_2079037-untitled-2.webp "Magistrate Issued Non-Bailable Warrant for Offence u/s 276C(2) of Income Tax Act, Punishable Max 3 Years: Bombay HC Quashes Order [Read Order]")
Refund of Compensation Cess ITC Cannot be Denied When Goods are Exported on Payment of IGST: Gujarat HC [Read Order]
In a recent ruling, the Gujarat High Court held that refund of unutilised compensation cess input tax credit ( ITC ) cannot be denied when goods are exported on payment of Integrated Goods...
![Refund of Compensation Cess ITC Cannot be Denied When Goods are Exported on Payment of IGST: Gujarat HC [Read Order]](https://images.taxscan.in/h-upload/2025/08/21/500x300_2079094-refund-compensation-cess-itc-denied-goods-exported-payment-igst-gujarat-hc-taxscan.webp "Refund of Compensation Cess ITC Cannot be Denied When Goods are Exported on Payment of IGST: Gujarat HC [Read Order]")
Relief for Bentley Motors: CESTAT Quashes ₹20 Lakh Penalty, Rules Exporter Not Liable for Importer’s Undervaluation [Read Order]
The Delhi Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) ruled that an overseas exporter cannot be penalized under Section 112(a)(ii) of the Customs Act when the alleged ...
![Relief for Bentley Motors: CESTAT Quashes ₹20 Lakh Penalty, Rules Exporter Not Liable for Importer’s Undervaluation [Read Order]](https://images.taxscan.in/h-upload/2025/08/21/500x300_2079085-relief-for-bentley-motors-cestat-penalty-rules-exporter-liable-importers-undervaluation-taxscan.webp "Relief for Bentley Motors: CESTAT Quashes ₹20 Lakh Penalty, Rules Exporter Not Liable for Importer’s Undervaluation [Read Order]")
Once a Case is Filed Against Borrower, Guarantor’s Case Must Go to the Same NCLT: NCLAT Says Filing Counts as Pendency, Not Just Admission [Read Order]
The Chennai Bench of the National Company Law Appellate Tribunal (NCLAT) upheld the admission of a Section 7 application filed against Tuscan Consultants and Developers Private Limited, holding that...
![Once a Case is Filed Against Borrower, Guarantor’s Case Must Go to the Same NCLT: NCLAT Says Filing Counts as Pendency, Not Just Admission [Read Order]](https://images.taxscan.in/h-upload/2025/08/21/500x300_2078918-nclat-taxscan.webp "Once a Case is Filed Against Borrower, Guarantor’s Case Must Go to the Same NCLT: NCLAT Says Filing Counts as Pendency, Not Just Admission [Read Order]")