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.
![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]")
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,...
![90-Day Time Limit under Regulation 2B for Completing Section 230 Scheme of Arrangement is Directory: NCLAT grants 90 More Days [Read Order]](https://images.taxscan.in/h-upload/2025/08/22/250x150_2079168-2062469-nclat-fraud-finding-former-director-orders-contribution-sham-transactions-taxscan.webp "90-Day Time Limit under Regulation 2B for Completing Section 230 Scheme of Arrangement is Directory: NCLAT grants 90 More Days [Read Order]")
![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/2025/08/21/250x150_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]](https://images.taxscan.in/h-upload/2025/08/21/250x150_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]](https://images.taxscan.in/h-upload/2025/08/21/250x150_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]")
E-Way Bill Stamped at Interception Confirms Goods Movement: Allahabad HC upholds ITC Claim Despite Supplier’s GST Reg. Cancelled After Transaction [Read Orde]
In a recent ruling, the Allahabad High Court ruled that Input Tax Credit (ITC) cannot be denied to a purchasing dealer when the movement of goods is proven through a stamped e-Way bill intercepted...
![E-Way Bill Stamped at Interception Confirms Goods Movement: Allahabad HC upholds ITC Claim Despite Supplier’s GST Reg. Cancelled After Transaction [Read Orde]](https://images.taxscan.in/h-upload/2025/08/21/500x300_2079003-high-court-e-way-bills-itc-taxscan.webp "E-Way Bill Stamped at Interception Confirms Goods Movement: Allahabad HC upholds ITC Claim Despite Supplier’s GST Reg. Cancelled After Transaction [Read Orde]")
CBDT amends Instruction: No Prosecution Under Black Money Act where Penalty Provisions do not Apply [Read Instruction]
The Central Board of Direct Taxes (CBDT), under the Ministry of Finance, issued Instruction No. 01/2025 on 18th August 2025. This new instruction changes its earlier guidelines about when ...
![CBDT amends Instruction: No Prosecution Under Black Money Act where Penalty Provisions do not Apply [Read Instruction]](https://images.taxscan.in/h-upload/2025/08/21/500x300_2078955-black-money-act.webp "CBDT amends Instruction: No Prosecution Under Black Money Act where Penalty Provisions do not Apply [Read Instruction]")
Category III AIFs Not Automatically Indeterminate if Investor names are Absent from Original Trust Deed: Delhi HC [Read Order]
In a recent ruling, the Delhi High Court held that Category III Alternative Investment Funds (AIFs) cannot be treated as indeterminate trusts merely because the names of investors are not mentioned...
![Category III AIFs Not Automatically Indeterminate if Investor names are Absent from Original Trust Deed: Delhi HC [Read Order]](https://images.taxscan.in/h-upload/2025/08/21/500x300_2078910-alternative-investment-funds-cbdt-circular-taxation-taxscan.webp "Category III AIFs Not Automatically Indeterminate if Investor names are Absent from Original Trust Deed: Delhi HC [Read Order]")