![Bank Account Opened Fraudulently in Assessee’s Company, AO adds Rs. 15 cr as Protective Addition: ITAT Deletes Addition [Read Order]](https://images.taxscan.in/h-upload/2025/07/04/500x300_2059113-bank-account-bank-account-opened-fraudulently-bank-account-opened-fraudulently-in-assessees-company-taxscan.webp "Bank Account Opened Fraudulently in Assessee’s Company, AO adds Rs. 15 cr as Protective Addition: ITAT Deletes Addition [Read Order]")
Bank Account Opened Fraudulently in Assessee’s Company, AO adds Rs. 15 cr as Protective Addition: ITAT Deletes Addition [Read Order]
The Amritsar Bench of Income Tax Appellate Tribunal ( ITAT ) deletes ₹15 crore protective addition after finding that a bank account was...
![ITAT Sets Aside S.271(1)(c) Penalty as Additions Were Deleted and Claims Were Based on CA- Certified Audit Report [Read Order]](https://images.taxscan.in/h-upload/2025/07/04/250x150_2059123-penalty-audit-taxscan.webp "ITAT Sets Aside S.271(1)(c) Penalty as Additions Were Deleted and Claims Were Based on CA- Certified Audit Report [Read Order]")
![Income Tax Dept. Can’t Deny Adequate Time for SCN Reply Citing Limitation, Must Initiate Proceedings Earlier: Madras HC Grants Relief to Tamil Nadu Power Corp. [Read Order]](https://images.taxscan.in/h-upload/2025/07/04/250x150_2059088-income-tax-department-income-tax-department-cant-deny-adequate-time-taxscan.webp "Income Tax Dept. Can’t Deny Adequate Time for SCN Reply Citing Limitation, Must Initiate Proceedings Earlier: Madras HC Grants Relief to Tamil Nadu Power Corp. [Read Order]")
![CESTAT Quashes Provisional Release Order of Seized Goods based on Furnishing Bank Gurantee as Circular not require furnishing same for Star Export Houses [Read Order]](https://images.taxscan.in/h-upload/2025/07/04/250x150_2059102-bank-gurantee-circular-cestat-taxscan.webp "CESTAT Quashes Provisional Release Order of Seized Goods based on Furnishing Bank Gurantee as Circular not require furnishing same for Star Export Houses [Read Order]")
![Penalty on Co noticee is invalid when main case is settled under SVLDRS: CESTAT [Read Order]](https://images.taxscan.in/h-upload/2025/07/04/250x150_2059100-cestat-cestat-ahmedabad-under-svldrs-svldrs-penalty-on-co-noticee-co-noticee-noticee-case-main-noticee-case-customs-taxscan.webp "Penalty on Co noticee is invalid when main case is settled under SVLDRS: CESTAT [Read Order]")
AO's Application of Rule 8D Valid for Exempt Dividend Income: ITAT Upholds ₹15 Lakh Disallowance [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has upheld the disallowance of Rs. 15,00,327 made by the Assessing Officer (AO) under Section 14A read with Rule 8D of the Income Tax...
![AOs Application of Rule 8D Valid for Exempt Dividend Income: ITAT Upholds ₹15 Lakh Disallowance [Read Order]](https://images.taxscan.in/h-upload/2025/07/04/500x300_2059043-rule-8d-valid-exempt-dividend-income-disallowance-itat-taxscan.webp "AOs Application of Rule 8D Valid for Exempt Dividend Income: ITAT Upholds ₹15 Lakh Disallowance [Read Order]")
CENVAT Credit Cannot Be Denied If Service Tax Is Paid and Accepted: CESTAT Remands All Nippon Airways’s Case for Verification [Read Order]
The Mumbai Bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) held that CENVAT credit cannot be denied if service tax has been paid and accepted by the Revenue, even if it...
![CENVAT Credit Cannot Be Denied If Service Tax Is Paid and Accepted: CESTAT Remands All Nippon Airways’s Case for Verification [Read Order]](https://images.taxscan.in/h-upload/2025/07/04/500x300_2059082-cenvat-credit-cestat-orders-demand-exempted-and-dutiable-goods-taxscan-1.webp "CENVAT Credit Cannot Be Denied If Service Tax Is Paid and Accepted: CESTAT Remands All Nippon Airways’s Case for Verification [Read Order]")
No Double GST Action on Same Issue: Karnataka HC Quashes State Notice to Toyota Kirloskar Amid Central Proceedings [Read Order]
In a recent ruling, the Karnataka High Court quashed a State GST ( Goods and Services Tax ) notice issued to Toyota Kirloskar Auto Parts Pvt. Ltd., holding that the State authorities could not...
![No Double GST Action on Same Issue: Karnataka HC Quashes State Notice to Toyota Kirloskar Amid Central Proceedings [Read Order]](https://images.taxscan.in/h-upload/2025/07/04/500x300_2059077-toyota-kirloskar-taxscan.webp "No Double GST Action on Same Issue: Karnataka HC Quashes State Notice to Toyota Kirloskar Amid Central Proceedings [Read Order]")
Dispute Over Ownership of Property during Liquidation Process under Company Law: Madras HC directs Official Liquidator to value building through ITCOT within 60 days [Read Order]
In a recent case, the Madras High Court directsed the official liquidator to value the building through ITCOT within 60 days while a dispute over the ownership of property arose during the...
![Dispute Over Ownership of Property during Liquidation Process under Company Law: Madras HC directs Official Liquidator to value building through ITCOT within 60 days [Read Order]](https://images.taxscan.in/h-upload/2025/07/04/500x300_2059029-property-dispute-liquidation.webp "Dispute Over Ownership of Property during Liquidation Process under Company Law: Madras HC directs Official Liquidator to value building through ITCOT within 60 days [Read Order]")
Madras HC Dismisses writ petition against SEBI on availability of remedy u/s 15T of SEBI Act [Read Order]
In a recent case, the Madras High Court dismissed the writ petition against the Securities and Exchange Board of India (SEBI) on availability of remedy under section 15 T of the SEBI Act , 1992....
![Madras HC Dismisses writ petition against SEBI on availability of remedy u/s 15T of SEBI Act [Read Order]](https://images.taxscan.in/h-upload/2025/07/04/500x300_2059012-madras-hc-dismisses-writ-petition-against-sebi-madras-hc-taxscan.webp "Madras HC Dismisses writ petition against SEBI on availability of remedy u/s 15T of SEBI Act [Read Order]")
