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.
![When Genuineness of Purchases is Doubtful but Sales Are Genuine, Only Profit Element 15% Can Be Added to Income: Bombay HC [Read Order]](https://images.taxscan.in/h-upload/2025/10/16/500x300_2097082-bombay-high-court-when-genuineness-of-purchases-taxscan.webp "When Genuineness of Purchases is Doubtful but Sales Are Genuine, Only Profit Element 15% Can Be Added to Income: Bombay HC [Read Order]")
When Genuineness of Purchases is Doubtful but Sales Are Genuine, Only Profit Element 15% Can Be Added to Income: Bombay HC [Read Order]
In a recent judgment, the Bombay High Court held that when the genuineness of purchases is doubtful but sales are genuine, only the profit element...
![SEBI Extends Deadline for Angel Funds to Disclose Investment Allocation Methodology in PPMs [Read Circular]](https://images.taxscan.in/h-upload/2025/10/16/250x150_2097071-deadline-extended-taxscan.webp "SEBI Extends Deadline for Angel Funds to Disclose Investment Allocation Methodology in PPMs [Read Circular]")
![Legal Uncertainty Over Service Tax Liability for Municipal Council Renting Out Properties: CESTAT Quashes Extended Limitation [Read Order]](https://images.taxscan.in/h-upload/2025/10/15/250x150_2096869-service-tax-liability-taxscan.webp "Legal Uncertainty Over Service Tax Liability for Municipal Council Renting Out Properties: CESTAT Quashes Extended Limitation [Read Order]")
S. 113(h)(i) Customs Act Applies Only When Goods Have Actually Entered For Exportation: CESTAT [Read Order]
The Bangalore Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) ruled that Section 113(h)(i) of the Customs Act, 1962 applies only when goods have actually entered for...
![S. 113(h)(i) Customs Act Applies Only When Goods Have Actually Entered For Exportation: CESTAT [Read Order]](https://images.taxscan.in/h-upload/2025/10/15/500x300_2096861-section-113hi-customs-act-customs-act-entered-for-exportation-exportation-taxscan.webp "S. 113(h)(i) Customs Act Applies Only When Goods Have Actually Entered For Exportation: CESTAT [Read Order]")
[Breaking] MCA Extends Deadline for Filing DIR-3 KYC and DIR-3 KYC-WEB Without Fee Till Oct 31, 2025 [Read Circular]
The Ministry of Corporate Affairs (MCA), Government of India, has announced an extension for directors to complete their annual Know Your Customer (KYC) compliance. Through General Circular No. ...
![[Breaking] MCA Extends Deadline for Filing DIR-3 KYC and DIR-3 KYC-WEB Without Fee Till Oct 31, 2025 [Read Circular]](https://images.taxscan.in/h-upload/2025/10/15/500x300_2096973-mca-extends-deadline-filing-dir-3-kyc-dir-3-kyc-web-fee-till-oct-31-2025-taxscan.webp "[Breaking] MCA Extends Deadline for Filing DIR-3 KYC and DIR-3 KYC-WEB Without Fee Till Oct 31, 2025 [Read Circular]")
Rule 86-A of CGST Rules Can’t Be Invoked to Block ITC When Electronic Credit Ledger Shows Nil Balance: Bombay HC bars “Negative Blocking“ [Read Order]
In a recent judgment, the Bombay High Court held that Rule 86-A of the Central Goods and Services Tax (CGST) Rules cannot be invoked to block Input Tax Credit (ITC) when the Electronic Credit Ledger...
![Rule 86-A of CGST Rules Can’t Be Invoked to Block ITC When Electronic Credit Ledger Shows Nil Balance: Bombay HC bars “Negative Blocking“ [Read Order]](https://images.taxscan.in/h-upload/2025/10/15/500x300_2096959-bombay-hc-rule-86a-cgst-itc-blocking-case-gst-ruling-electronic-credit-ledger.webp "Rule 86-A of CGST Rules Can’t Be Invoked to Block ITC When Electronic Credit Ledger Shows Nil Balance: Bombay HC bars “Negative Blocking“ [Read Order]")
AA Relied On Wikipedia Instead Of Expert Evidence To Classify Epoxy Resin Under DFIA: CESTAT Quashes Demand [Read Order]
The New Delhi Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) ruled that reliance on Wikipedia instead of verified expert evidence to determine the classification of...
![AA Relied On Wikipedia Instead Of Expert Evidence To Classify Epoxy Resin Under DFIA: CESTAT Quashes Demand [Read Order]](https://images.taxscan.in/h-upload/2025/10/15/500x300_2096785-wikipedia-epoxy-resin-cestat-quashes-demand-taxscan.webp "AA Relied On Wikipedia Instead Of Expert Evidence To Classify Epoxy Resin Under DFIA: CESTAT Quashes Demand [Read Order]")
No Scientific Test or Documentary Proof to Establish Foreign Origin of Dry Dates: CESTAT Sets Aside Confiscation [Read Order]
The Allahabad Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) ruled that the department had no scientific or documentary evidence to prove that the seized dry dates were of...
![No Scientific Test or Documentary Proof to Establish Foreign Origin of Dry Dates: CESTAT Sets Aside Confiscation [Read Order]](https://images.taxscan.in/h-upload/2025/10/14/500x300_2096592-dry-dates-cestat-taxscan.webp "No Scientific Test or Documentary Proof to Establish Foreign Origin of Dry Dates: CESTAT Sets Aside Confiscation [Read Order]")