![Misrepresented Two Challans used for Payment of previous period service tax: CESTAT Upholds Penalty u/s 78(1) [Read Order]](https://images.taxscan.in/h-upload/2025/08/21/500x300_2078881-misrepresented-service-tax-cestat-penalty-taxscan.webp "Misrepresented Two Challans used for Payment of previous period service tax: CESTAT Upholds Penalty u/s 78(1) [Read Order]")
Misrepresented Two Challans used for Payment of previous period service tax: CESTAT Upholds Penalty u/s 78(1) [Read Order]
The New Delhi bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) upheld the penalty under Section 78(1) of the Finance Act,...
![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/2025/08/21/250x150_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]")
![ITAT Sets Aside Additions on ₹1.46 Cr Demonetisation Cash Deposits and Derivative Losses, Remands for Fresh Adjudication [Read Order]](https://images.taxscan.in/h-upload/2025/08/21/250x150_2078903-itat-demonetisation-cash-deposits-derivative-losses-fresh-adjudication-taxscan.webp "ITAT Sets Aside Additions on ₹1.46 Cr Demonetisation Cash Deposits and Derivative Losses, Remands for Fresh Adjudication [Read Order]")
![Chit Fund Companys Appeal Dismissed: ITAT Upholds 90% Disallowance for Lack of Evidence on Commission Payments [Read Order]](https://images.taxscan.in/h-upload/2025/08/20/250x150_2078706-itat-lack-of-evidence-taxscan.webp "Chit Fund Companys Appeal Dismissed: ITAT Upholds 90% Disallowance for Lack of Evidence on Commission Payments [Read Order]")
Malad Chamber of Tax Consultants seeks Extension of Due Dates for Filing of ITR and Audit Reports for AY 2025-26, submits representation to FM
The Malad Chamber of Tax Consultants (MCTC), a prominent association of tax professionals, has urged the Union Finance Ministry and the Central Board of Direct Taxes (CBDT) to extend the due dates...
Ministry of Finance appoints Anuradha Thakur as Alternate Governor on Board of Governors for AfDB [Read Notification]
The Ministry of Finance has notified that Ms. Anuradha Thakur, Secretary, Department of Economic Affairs, has been appointed as India’s Alternate Governor on the Board of Governors of the African...
![Ministry of Finance appoints Anuradha Thakur as Alternate Governor on Board of Governors for AfDB [Read Notification]](https://images.taxscan.in/h-upload/2025/08/21/500x300_2078956-anuradha-thakur-afdb.webp "Ministry of Finance appoints Anuradha Thakur as Alternate Governor on Board of Governors for AfDB [Read Notification]")
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]")
ITAT Deletes Disallowances of Public Relations, Shared Services, and Product Registration of BASF India, Citing No Change in Facts or Law [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) dismissed the appeal by revenue regarding the disallowances of ₹55,00,000 on Public Relations expenses, Shared Service (Malaysia), and...
![ITAT Deletes Disallowances of Public Relations, Shared Services, and Product Registration of BASF India, Citing No Change in Facts or Law [Read Order]](https://images.taxscan.in/h-upload/2025/08/21/500x300_2078887-itat-shared-services-product-basf-taxscan.webp "ITAT Deletes Disallowances of Public Relations, Shared Services, and Product Registration of BASF India, Citing No Change in Facts or Law [Read Order]")
DGFT announces Exemption of Imports under DIA from Duties, CA Certificate Permitted in Lieu of Latest ITR [Read Notification]
The Directorate General of Foreign Trade ( DGFT ) has announced exemption of imports under the Diamond Import Authorisation (DIA) from the levy of multiple duties including Customs, Anti-dumping,...
![DGFT announces Exemption of Imports under DIA from Duties, CA Certificate Permitted in Lieu of Latest ITR [Read Notification]](https://images.taxscan.in/h-upload/2025/08/21/500x300_2078916-dgft-exemption-import-taxscan.webp "DGFT announces Exemption of Imports under DIA from Duties, CA Certificate Permitted in Lieu of Latest ITR [Read Notification]")
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]")