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.
![Loans Qualify as NPAs After 180 Days of Default Under Income Tax Rules, Not 90 Days per NHB Guidelines: Supreme Court Rejects HUDCO’s RP [Read Judgement]](https://images.taxscan.in/h-upload/2025/08/04/500x300_2072916-declaration-of-loan-account-declaration-of-loan-account-as-npa-npa-nclat-nclat-rules-nclat-rules-in-favour-of-ubi-loan-account-non-performing-assets-insolvency-bankruptcy-code-ibc-taxscan.webp "Loans Qualify as NPAs After 180 Days of Default Under Income Tax Rules, Not 90 Days per NHB Guidelines: Supreme Court Rejects HUDCO’s RP [Read Judgement]")
Loans Qualify as NPAs After 180 Days of Default Under Income Tax Rules, Not 90 Days per NHB Guidelines: Supreme Court Rejects HUDCO’s RP [Read Judgement]
The Supreme Court of India ruled that loans can be treated as Non-Performing Assets (NPAs) for tax deduction purposes only if interest remains...
![Bus Services for Transporting Employees and School Children Qualify for Service Tax Exemption Under Entry 23(b) of Notification: CESTAT [Read Order]](https://images.taxscan.in/h-upload/2025/08/01/250x150_2071840-bus-services-transporting-employees-school-children-qualify-service-tax-exemption-notification-cestat-taxscan.webp "Bus Services for Transporting Employees and School Children Qualify for Service Tax Exemption Under Entry 23(b) of Notification: CESTAT [Read Order]")
![Pre-Filled SCN Waiver Form Not Legally Valid: Delhi HC Orders Release of Jewellery Upon Payment [Read Order]](https://images.taxscan.in/h-upload/2025/08/01/250x150_2071987-show-cause-notice-taxscan.webp "Pre-Filled SCN Waiver Form Not Legally Valid: Delhi HC Orders Release of Jewellery Upon Payment [Read Order]")
![Jharkhand Agricultural Marketing Board Not a Service Provider but Merely Supervisory: CESTAT Quashes Service Tax Demand [Read Order]](https://images.taxscan.in/h-upload/2025/07/31/250x150_2071301-jharkhand-agricultural-marketing-service-provider-cestat-service-tax-demand-taxscan.webp "Jharkhand Agricultural Marketing Board Not a Service Provider but Merely Supervisory: CESTAT Quashes Service Tax Demand [Read Order]")
Customs Fails to Issue SCN in a Year: Delhi HC Orders Release of Two Gold Chains Belonging to Uzbek National [Read Order]
In a recent decision, the Delhi High Court directed the Customs Department to release two gold chains belonging to an Uzbek national after finding that the department had not issued a show cause...
![Customs Fails to Issue SCN in a Year: Delhi HC Orders Release of Two Gold Chains Belonging to Uzbek National [Read Order]](https://images.taxscan.in/h-upload/2025/08/01/500x300_2071974-customs-issue-scn-year-delhi-hc-orders-release-chains-belonging-uzbek-national-taxscan.webp "Customs Fails to Issue SCN in a Year: Delhi HC Orders Release of Two Gold Chains Belonging to Uzbek National [Read Order]")
Limited Remanding Power of Authority u/s 107(11) on Procedural Lapse Cases: SC says ‘Let HC Deal with this’ [Read Order]
The Supreme Court of India recently addressed the legal question of whether an appellate authority under Section 107(11) of the Central Goods and Services Tax ( CGST ) Act is empowered to remand a...
![Limited Remanding Power of Authority u/s 107(11) on Procedural Lapse Cases: SC says ‘Let HC Deal with this’ [Read Order]](https://images.taxscan.in/h-upload/2025/08/02/500x300_2072368-sc-on-gst-remand-taxscan.webp "Limited Remanding Power of Authority u/s 107(11) on Procedural Lapse Cases: SC says ‘Let HC Deal with this’ [Read Order]")
78 grams Silver-Coated Gold Coins Caught at IGI Airport: Delhi HC Flags Serious Concern, Denies Immediate Release [Read Order]
In a recent ruling, the Delhi High Court refused to allow the immediate release of gold items seized from a passenger at IGI Airport, raising serious concern over an alleged attempt to disguise...
![78 grams Silver-Coated Gold Coins Caught at IGI Airport: Delhi HC Flags Serious Concern, Denies Immediate Release [Read Order]](https://images.taxscan.in/h-upload/2025/08/01/500x300_2071942-78-grams-silver-coated-gold-coins-caught-igi-airport-delhi-hc-serious-concern-taxscan.webp "78 grams Silver-Coated Gold Coins Caught at IGI Airport: Delhi HC Flags Serious Concern, Denies Immediate Release [Read Order]")
Punjab & Haryana HC Grants Bail to Accused Who Allegedly Scammed Rs. 1.33 Crore Posing as Customs Officer
In a recent ruling, the Punjab and Haryana High Court granted bail to a man accused of being involved in a Rs. 1.33 crore online scam by posing as officials from the Customs Department and the CBI....
SEBI removes CP Code Requirement for NRIs Trading in Derivatives to Boost Ease of Investment [Read Circular]
The Securities and Exchange Board of India (SEBI) issued a circular dated July 29, 2025, removing the long-standing requirement for Non-Resident Indians (NRIs) to obtain a Custodial Participant (CP)...
![SEBI removes CP Code Requirement for NRIs Trading in Derivatives to Boost Ease of Investment [Read Circular]](https://images.taxscan.in/h-upload/2025/07/31/500x300_2071323-sebi-remove-cp-code-nri-taxscan.webp "SEBI removes CP Code Requirement for NRIs Trading in Derivatives to Boost Ease of Investment [Read Circular]")
Relief for Reliance Jio: Jammu & Kashmir HC Rules No Penalty Under Entry Tax Act for Bypassing Check Post [Read Order]
In a recent ruling, the Jammu & Kashmir and Ladakh High Court held that no penalty can be imposed under the Entry Tax Act solely for bypassing a check post, in the absence of any allegation of...
![Relief for Reliance Jio: Jammu & Kashmir HC Rules No Penalty Under Entry Tax Act for Bypassing Check Post [Read Order]](https://images.taxscan.in/h-upload/2025/08/02/500x300_2072234-reliance-jio.webp "Relief for Reliance Jio: Jammu & Kashmir HC Rules No Penalty Under Entry Tax Act for Bypassing Check Post [Read Order]")
GST Officer Erred by Issuing Order on Matter Already Before DGGI and Stayed by Karnataka HC: Bombay HC Quashes Order [Read Order]
In a recent decision, the Bombay High Court quashed a GST order after finding that the tax officer had proceeded with adjudication even though the same matter was already under consideration by the ...
![GST Officer Erred by Issuing Order on Matter Already Before DGGI and Stayed by Karnataka HC: Bombay HC Quashes Order [Read Order]](https://images.taxscan.in/h-upload/2025/08/02/500x300_2072229-bombay-hc-taxscan.webp "GST Officer Erred by Issuing Order on Matter Already Before DGGI and Stayed by Karnataka HC: Bombay HC Quashes Order [Read Order]")