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.
![Income Tax Penalty cannot be levied on Addition based on Estimation: “Unsustainable”, says ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/09/12/500x300_2085741-income-tax-penalty-taxscan.webp "Income Tax Penalty cannot be levied on Addition based on Estimation: “Unsustainable”, says ITAT [Read Order]")
Income Tax Penalty cannot be levied on Addition based on Estimation: “Unsustainable”, says ITAT [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) has held that the penalty under Section 270A of the Income Tax Act, 1961, cannot be...
![Once Corporate Debtor is Sold as Going Concern, Only Claims Filed before Liquidator Survive: ITAT directs AO Re-examine Matter in Light of SC Ruling [Read Order]](https://images.taxscan.in/h-upload/2025/09/11/250x150_2085487-corporate-debtor-liquidator-itat-ao-taxscan.webp "Once Corporate Debtor is Sold as Going Concern, Only Claims Filed before Liquidator Survive: ITAT directs AO Re-examine Matter in Light of SC Ruling [Read Order]")
![Shares Held for 33 Months, Sold on Recognized Exchange, and STT Duly Paid: ITAT Rejects Revenue’s Allegation of Bogus LTCG u/s 68 [Read Order]](https://images.taxscan.in/h-upload/2025/09/11/250x150_2085493-itat-ltcg-shares.webp "Shares Held for 33 Months, Sold on Recognized Exchange, and STT Duly Paid: ITAT Rejects Revenue’s Allegation of Bogus LTCG u/s 68 [Read Order]")
![Consultancy Services Delivered Outside India Do Not Attract Service Tax Liability: CESTAT says Correlation of FIRCs and Invoices Procedural, Sets aside Order [Read Order]](https://images.taxscan.in/h-upload/2025/09/11/250x150_2085494-consultancy-services-service-tax-liability-cestat-taxscan.webp "Consultancy Services Delivered Outside India Do Not Attract Service Tax Liability: CESTAT says Correlation of FIRCs and Invoices Procedural, Sets aside Order [Read Order]")
![GST Dept Must issue Separate Notices for Each Financial Year: Madras HC Strikes Down Bunched Notices for 2018-2024 [Read Order]](https://images.taxscan.in/h-upload/2025/09/11/250x150_2085483-due-diligence-for-notices-assam-gst-dept-adjudication-adjudication-completion-taxscan-1-2.webp "GST Dept Must issue Separate Notices for Each Financial Year: Madras HC Strikes Down Bunched Notices for 2018-2024 [Read Order]")
Claiming Customs Exemption or Classification on Bill of Entry Not Mis-Declaration: CESTAT rules No Suppression when Identical Consignments Cleared Earlier [Read Order]
The Chennai Bench of the Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ) has clarified that merely claiming a particular exemption or classification in a bill of entry does not...
![Claiming Customs Exemption or Classification on Bill of Entry Not Mis-Declaration: CESTAT rules No Suppression when Identical Consignments Cleared Earlier [Read Order]](https://images.taxscan.in/h-upload/2025/09/11/500x300_2085460-bill-entry-taxscan.webp "Claiming Customs Exemption or Classification on Bill of Entry Not Mis-Declaration: CESTAT rules No Suppression when Identical Consignments Cleared Earlier [Read Order]")
Exemption Notifications Override CBEC Circulars: CESTAT Rules Jewellery Exports Need Not Be Made Only from Imported Gold [Read Order]
The Hyderabad Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that exemption notifications issued under Section 25 of the Customs Act, 1962 override departmental...
![Exemption Notifications Override CBEC Circulars: CESTAT Rules Jewellery Exports Need Not Be Made Only from Imported Gold [Read Order]](https://images.taxscan.in/h-upload/2025/09/11/500x300_2085448-imported-gold-taxscan.webp "Exemption Notifications Override CBEC Circulars: CESTAT Rules Jewellery Exports Need Not Be Made Only from Imported Gold [Read Order]")
STCG Claim on Shares Genuine as Purchase through Recognised Stock Exchange, Banking Channel, and Demat Proof Confirm Authenticity: ITAT deletes Addition [Read Order]
The Pune Bench of the Income Tax Appellate Tribunal ( ITAT ) has upheld the genuineness of short-term capital gain (STCG) claimed by an assessee on the sale of shares, holding that when the...
![STCG Claim on Shares Genuine as Purchase through Recognised Stock Exchange, Banking Channel, and Demat Proof Confirm Authenticity: ITAT deletes Addition [Read Order]](https://images.taxscan.in/h-upload/2025/09/11/500x300_2085441-stcg-itat-taxscan.webp "STCG Claim on Shares Genuine as Purchase through Recognised Stock Exchange, Banking Channel, and Demat Proof Confirm Authenticity: ITAT deletes Addition [Read Order]")
No Prejudice to Revenue as TDS Paid with Interest and Quarterly Returns Filed before 4th Quarter: ITAT finds Medical Grounds genuine, Waives Late Fee [Read Order]
The Hyderabad Bench of the Income Tax Appellate Tribunal ( ITAT ) has waived late fees levied under Section 234E of the Income Tax Act, 1961, for delayed filing of quarterly TDS ( Tax Deducted at...
![No Prejudice to Revenue as TDS Paid with Interest and Quarterly Returns Filed before 4th Quarter: ITAT finds Medical Grounds genuine, Waives Late Fee [Read Order]](https://images.taxscan.in/h-upload/2025/09/11/500x300_2085433-tds-itat-taxscan.webp "No Prejudice to Revenue as TDS Paid with Interest and Quarterly Returns Filed before 4th Quarter: ITAT finds Medical Grounds genuine, Waives Late Fee [Read Order]")
Customs Authorities cannot Levy Redemption Fine Beyond Market Value of Seized Goods u/s 125 less Duty Payable: CESTAT [Read Order]
The Customs, Excise & Service Tax Appellate Tribunal (CESTAT), Mumbai, has emphatically held that redemption fine imposed under Section 125 of the Customs Act, 1962, cannot exceed the market...
![Customs Authorities cannot Levy Redemption Fine Beyond Market Value of Seized Goods u/s 125 less Duty Payable: CESTAT [Read Order]](https://images.taxscan.in/h-upload/2025/09/10/500x300_2085317-customs-authorities-seized-goods-cestat-taxscan.webp "Customs Authorities cannot Levy Redemption Fine Beyond Market Value of Seized Goods u/s 125 less Duty Payable: CESTAT [Read Order]")
CHA allows Unauthorized Person to use License: CESTAT upholds Penalty, Declines to Cancel License and Forfeit Security [Read Order]
The Chennai Bench of the Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ) has upheld the imposition of penalty on a Customs Broker for allowing an unauthorized person to use its...
![CHA allows Unauthorized Person to use License: CESTAT upholds Penalty, Declines to Cancel License and Forfeit Security [Read Order]](https://images.taxscan.in/h-upload/2025/09/10/500x300_2085288-cestat-penalty-forfeit-security-taxscan.webp "CHA allows Unauthorized Person to use License: CESTAT upholds Penalty, Declines to Cancel License and Forfeit Security [Read Order]")
