Navasree A.M
Navasree A M, B.B.A., LL.B. (Hons), a lawyer with over 2.5 years of experience as a researcher and content writer at Taxscan, specializing in Indirect Taxes and Corporate Laws.
FM Nirmala Sitharaman to Present Union Budget 2026-27 Today, FRBM Statements and Finance Bill 2026 on Agenda
The Finance Minister Nirmala Sitharaman will present the Union budget 2026-27 today at 11:00 am before the Lok Sabha. The Budget presentation...
![Student cannot be Taxed for Temporary Family Deposits made to Show Financial Capacity Abroad: ITAT [Read Order]](https://images.taxscan.in/h-upload/2026/01/31/250x150_2122773-student-cannot-be-taxed-for-temporary-family-deposits-made-to-show-financial-capacity-abroad-itat-taxscan.webp "Student cannot be Taxed for Temporary Family Deposits made to Show Financial Capacity Abroad: ITAT [Read Order]")
![Deposit of ₹5 Crore Cannot Convert Non-Bailable GST Offence into Bailable, but Bail can be Granted: Rajasthan HC [Read Order]](https://images.taxscan.in/h-upload/2026/01/31/250x150_2122692-deposit-5-crore-cannot-convert-non-bailable-gst-offence-bailable-taxscan.webp "Deposit of ₹5 Crore Cannot Convert Non-Bailable GST Offence into Bailable, but Bail can be Granted: Rajasthan HC [Read Order]")
Employer vs Employee PF/ESI Contributions Treatment under Income Tax: Supreme Court to Resolve Deduction Issue [Read Judgement]
The Supreme Court of India will examine the issue of allowability of deductions for delayed deposit of employees’ Provident Fund (PF) and Employees’ State Insurance ( ESI ) contributions under the...
![Employer vs Employee PF/ESI Contributions Treatment under Income Tax: Supreme Court to Resolve Deduction Issue [Read Judgement]](https://images.taxscan.in/h-upload/2026/01/29/500x300_2122383-employer-employee-pf-esi-contributions-treatment-under-income-tax-supreme-court-resolve-deduction-issue-taxscan.webp "Employer vs Employee PF/ESI Contributions Treatment under Income Tax: Supreme Court to Resolve Deduction Issue [Read Judgement]")
CA Certification with Self Declaration Sufficient for 4% SAD Refund: CESTAT Criticises ‘Perfunctory’ Rejection [Read Order]
The Chennai bench of Customs, Excise and Service Tax AppellateTribunal (CESTAT) ruled that CA certificate with self declaration sufficient for allowing 4% SAD ( Special Additional Duty ) refund. ...
![CA Certification with Self Declaration Sufficient for 4% SAD Refund: CESTAT Criticises ‘Perfunctory’ Rejection [Read Order]](https://images.taxscan.in/h-upload/2026/01/29/500x300_2122375-ca-certification-with-self-declaration-sufficient-for-4-sad-refund-cestat-criticises-perfunctory-rejection-taxscan.webp "CA Certification with Self Declaration Sufficient for 4% SAD Refund: CESTAT Criticises ‘Perfunctory’ Rejection [Read Order]")
Advertising & Sales Promotion Spend to Dealers Not ‘Fringe Benefit’: ITAT deletes ₹1.08 Cr FBT Addition [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT) has held that expenditure incurred on advertising, publicity and sales promotion towards dealers, distributors and other third parties...
![Advertising & Sales Promotion Spend to Dealers Not ‘Fringe Benefit’: ITAT deletes ₹1.08 Cr FBT Addition [Read Order]](https://images.taxscan.in/h-upload/2026/01/29/500x300_2122382-advertising-sales-promotion-spend-dealers-fringe-benefit-itat.webp "Advertising & Sales Promotion Spend to Dealers Not ‘Fringe Benefit’: ITAT deletes ₹1.08 Cr FBT Addition [Read Order]")
Interest Expenditure allowable u/s 57(iii) against Interest Income if Direct Nexus Proved: ITAT Deletes ₹1.06 Cr Disallowance [Read Order]
If there is a direct nexus between the borrowing and lending activity, interest expenditure is allowable as a deduction under Section 57(iii) of theIncome-tax Act, 1961, ruled the Mumbai Bench of the...
![Interest Expenditure allowable u/s 57(iii) against Interest Income if Direct Nexus Proved: ITAT Deletes ₹1.06 Cr Disallowance [Read Order]](https://images.taxscan.in/h-upload/2026/01/29/500x300_2122376-interest-expenditure-allowable-interest-income-direct-nexus-proved-taxscan.webp "Interest Expenditure allowable u/s 57(iii) against Interest Income if Direct Nexus Proved: ITAT Deletes ₹1.06 Cr Disallowance [Read Order]")
Customs cannot Demand Disproportionate Bank Guarantee for Provisional Release: CESTAT cuts 70% to 30% [Read Order]
The Customs, Excise & Service Tax Appellate Tribunal (CESTAT), Ahmedabad has modified the bank guarantee amounting to nearly 70% of the value of the goods, and restricted it to 30% of the...
![Customs cannot Demand Disproportionate Bank Guarantee for Provisional Release: CESTAT cuts 70% to 30% [Read Order]](https://images.taxscan.in/h-upload/2026/01/28/500x300_2122183-customs-cannot-demand-disproportionate-bank-guarantee-taxscan.webp "Customs cannot Demand Disproportionate Bank Guarantee for Provisional Release: CESTAT cuts 70% to 30% [Read Order]")
Confederation Indian Industry Not Liable to Service Tax on Convention Reimbursements and MES Income: CESTAT [Read Order]
The Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ), Chandigarh held that the Confederation of Indian Industry (CII) is not liable to pay service tax on reimbursement of expenses under...
![Confederation Indian Industry Not Liable to Service Tax on Convention Reimbursements and MES Income: CESTAT [Read Order]](https://images.taxscan.in/h-upload/2026/01/27/500x300_2122013-confederation-indian-industry-not-liable-service-tax-taxscan.jfif "Confederation Indian Industry Not Liable to Service Tax on Convention Reimbursements and MES Income: CESTAT [Read Order]")
CESTAT allows Service Tax Refund for Nokia, Denial on Rent-a-Cab, Outdoor Catering & Security Services Set Aside [Read Order]
The Chennai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT ) has allowed refund of service tax amounting to Rs. 46 lakhs denied to Nokia Solutions and Networks India Pvt....
![CESTAT allows Service Tax Refund for Nokia, Denial on Rent-a-Cab, Outdoor Catering & Security Services Set Aside [Read Order]](https://images.taxscan.in/h-upload/2026/01/27/500x300_2122002-service-tax-refund-nokia-taxscan.webp "CESTAT allows Service Tax Refund for Nokia, Denial on Rent-a-Cab, Outdoor Catering & Security Services Set Aside [Read Order]")