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.
Supreme Court Slams NGO’s Counsel for Placing Fake MCA Letter on Record, Dismisses Smartworks IPO Appeal
In a recent ruling, the Supreme Court dismissed an appeal filed by New Delhi–based NGO Infrastructure Watchdog against the Securities and Exchange...
![AO Not Bound by Municipal Rateable Value, Can Fix Fair Rent Independently u/s 23(1)(a) Income Tax Act: Bombay HC [Read Order]](https://images.taxscan.in/h-upload/2025/08/25/250x150_2080411-ao-municipal-rateable-fair-rent-independently-income-tax-act-bombay-hc-taxscan.webp "AO Not Bound by Municipal Rateable Value, Can Fix Fair Rent Independently u/s 23(1)(a) Income Tax Act: Bombay HC [Read Order]")
![Six Months Custody or Trial Delay not Sufficient Ground for Bail in Economic Offences under PMLA: Jharkhand HC [Read Order]](https://images.taxscan.in/h-upload/2025/08/25/250x150_2080413-pmla-economic-offence-taxscan.webp "Six Months Custody or Trial Delay not Sufficient Ground for Bail in Economic Offences under PMLA: Jharkhand HC [Read Order]")
![S.263 of Income Tax Act Can Be Invoked Only in Cases of ‘Lack of Inquiry,’ Not Merely for Inadequate Inquiry: Madras HC Upholds AO’s Order [Read Order]](https://images.taxscan.in/h-upload/2025/08/25/250x150_2080369-income-tax-act-lack-of-inquiry-madras-hc-taxscan.webp "S.263 of Income Tax Act Can Be Invoked Only in Cases of ‘Lack of Inquiry,’ Not Merely for Inadequate Inquiry: Madras HC Upholds AO’s Order [Read Order]")
![Rajasthan HC Upholds Insertion of New ‘Sleeper Bus’ Tax Category in State Motor Vehicle Tax Rules [Read Order]](https://images.taxscan.in/h-upload/2025/08/25/250x150_2080348-rajasthan-hc-sleeper-bus-tax-motor-vehicle-tax-rajasthan.webp "Rajasthan HC Upholds Insertion of New ‘Sleeper Bus’ Tax Category in State Motor Vehicle Tax Rules [Read Order]")
Vague Allegations of Defective Goods Not a Pre-Existing Dispute: NCLT Accepts Insolvency Petition and CIRP Initiated [Read Order]
The Mumbai Bench of the National Company LawTribunal (NCLT) admitted a Section 9 application after finding that vague allegations of defective goods did not amount to a pre-existing dispute and the ...
![Vague Allegations of Defective Goods Not a Pre-Existing Dispute: NCLT Accepts Insolvency Petition and CIRP Initiated [Read Order]](https://images.taxscan.in/h-upload/2025/08/24/500x300_2080152-vague-allegations-defective-goods-pre-existing-dispute-nclt-insolvency-petition-cirp-initiated-taxscan.webp "Vague Allegations of Defective Goods Not a Pre-Existing Dispute: NCLT Accepts Insolvency Petition and CIRP Initiated [Read Order]")
Documentary Evidence like Court of Board Nominees Order, Bank statements Other than IU Records Sufficient to Establish Default Date: NCLT [Read Order]
The Ahmedabad Bench of the National CompanyLaw Tribunal (NCLT) clarified that the date of default can be established by placing reliance on documentary evidence other than a record of default with an...
![Documentary Evidence like Court of Board Nominees Order, Bank statements Other than IU Records Sufficient to Establish Default Date: NCLT [Read Order]](https://images.taxscan.in/h-upload/2025/08/24/500x300_2080145-documentary-evidence-board-nominees-order-bank-statements-iu-nclt-taxscan.webp "Documentary Evidence like Court of Board Nominees Order, Bank statements Other than IU Records Sufficient to Establish Default Date: NCLT [Read Order]")
Taxpayer Pursued Rectification Petition First: Madras HC Condones 108 Days Delay in Filing Appeal [Read Order]
In a recent ruling, the Madras High Court condoned a delay of 108 days in filing an appeal under the TNGST Act, 2017, after observing that the taxpayer had first pursued a rectification petition ...
![Taxpayer Pursued Rectification Petition First: Madras HC Condones 108 Days Delay in Filing Appeal [Read Order]](https://images.taxscan.in/h-upload/2025/08/24/500x300_2080136-taxpayer-rectification-petition-madras-hc-filing-appeal-taxscan.webp "Taxpayer Pursued Rectification Petition First: Madras HC Condones 108 Days Delay in Filing Appeal [Read Order]")
Filing Form 67 Before Final Income Assessment is Sufficient Compliance: Madras HC Rules Rule 128 Directory, Not Mandatory [Read Order]
In a recent ruling, the Madras High Court held that filing Form 67 before the completion of final income assessment is sufficient compliance for claiming foreign tax credit (FTC), after observing ...
![Filing Form 67 Before Final Income Assessment is Sufficient Compliance: Madras HC Rules Rule 128 Directory, Not Mandatory [Read Order]](https://images.taxscan.in/h-upload/2025/08/24/500x300_2080128-form-67-income-assessment-sufficient-compliance-madras-hc-taxscan.webp "Filing Form 67 Before Final Income Assessment is Sufficient Compliance: Madras HC Rules Rule 128 Directory, Not Mandatory [Read Order]")
Relief for India Cements: CESTAT Holds Innocent Buyers Cannot Be Denied DEPB Scrip Benefits for Fraudulently Obtained Licences Unless Cancelled by DGFT [Read Order]
The Chennai Bench of the Customs, Excise, andService Tax Appellate Tribunal (CESTAT) ruled that DEPB scrip benefits cannot be denied to innocent transferee importers if the licences, though...
![Relief for India Cements: CESTAT Holds Innocent Buyers Cannot Be Denied DEPB Scrip Benefits for Fraudulently Obtained Licences Unless Cancelled by DGFT [Read Order]](https://images.taxscan.in/h-upload/2025/08/24/500x300_2080131-india-cements-cestat-innocent-buyers-depb-scrip-benefits-licences-dgft-taxscan.webp "Relief for India Cements: CESTAT Holds Innocent Buyers Cannot Be Denied DEPB Scrip Benefits for Fraudulently Obtained Licences Unless Cancelled by DGFT [Read Order]")
Centre Grants Income Tax Exemptions to Credit Guarantee Fund Trust for Animal Husbandry and Karnataka Construction Workers’ Welfare Board [Read Notification]
The Central Board of Direct Taxes (CBDT), Ministry of Finance, issued Notification No. 138/2025 and Notification No. 139/2025, both dated 22 August 2025, granting income tax exemptions under ...
![Centre Grants Income Tax Exemptions to Credit Guarantee Fund Trust for Animal Husbandry and Karnataka Construction Workers’ Welfare Board [Read Notification]](https://images.taxscan.in/h-upload/2025/08/24/500x300_2080115-income-tax-exemptions-credit-guarantee-fund-trust-animal-husbandry-and-karnataka-construction-workers-welfare-board-taxscan.webp "Centre Grants Income Tax Exemptions to Credit Guarantee Fund Trust for Animal Husbandry and Karnataka Construction Workers’ Welfare Board [Read Notification]")
P&H HC grants bail to Income Tax Officer in ₹25 lakh Bribery Case, Clarifies Direct Bail Plea Maintainable in Exceptional Circumstances [Read Order]
In a recent ruling, the Punjab and Haryana High Court observed that a bail plea filed directly before the High Court can be entertained in exceptional circumstances, and granted regular bail to an ...
![P&H HC grants bail to Income Tax Officer in ₹25 lakh Bribery Case, Clarifies Direct Bail Plea Maintainable in Exceptional Circumstances [Read Order]](https://images.taxscan.in/h-upload/2025/08/24/500x300_2080113-ph-hc-bail-income-tax-officer-bribery-case-bail-exceptional-circumstances-taxscan.webp "P&H HC grants bail to Income Tax Officer in ₹25 lakh Bribery Case, Clarifies Direct Bail Plea Maintainable in Exceptional Circumstances [Read Order]")