![Penalty u/s 114AB of Customs Act not imposable in any instrument by fraud, collusion, wilful mis-statement or suppression of fact: CESTAT [Read Order]](https://images.taxscan.in/h-upload/2025/06/20/500x300_2050901-income-tax-penalty.webp "Penalty u/s 114AB of Customs Act not imposable in any instrument by fraud, collusion, wilful mis-statement or suppression of fact: CESTAT [Read Order]")
Penalty u/s 114AB of Customs Act not imposable in any instrument by fraud, collusion, wilful mis-statement or suppression of fact: CESTAT [Read Order]
In a recent case, the New Delhi bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) has held that a penalty under section...
![Rule 96(10) of CGST Rules Omission Operates Prospectively But Applies to Pending Proceedings: Gujarat HC [Read Order]](https://images.taxscan.in/h-upload/2025/06/20/250x150_2050886-gujarat-hc-site-img.webp "Rule 96(10) of CGST Rules Omission Operates Prospectively But Applies to Pending Proceedings: Gujarat HC [Read Order]")
![Claim of Breach under Article 265 cannot be from a interlocutory order by Assessing Officer: Bombay HC [Read Order]](https://images.taxscan.in/h-upload/2025/06/20/250x150_2050885-bombay-hc-forum-conveniens-doctrine-dismiss-trustcaps-income-tax-matter-cause-of-action-at-kolkata-taxscan.webp "Claim of Breach under Article 265 cannot be from a interlocutory order by Assessing Officer: Bombay HC [Read Order]")
Relief to Mahindra & Mahindra Ltd, AO Has No Jurisdiction to Alter Net Profit in P & L Account Except Under S. 115J of Income Tax Act: Bombay HC [Read Order]
In a ruling in favour of Mahindra & Mahindra Ltd, the Bombay High Court stated that assessing officer do not have the jurisdiction to go behind net profit in profit and loss (P&L)account...
![Relief to Mahindra & Mahindra Ltd, AO Has No Jurisdiction to Alter Net Profit in P & L Account Except Under S. 115J of Income Tax Act: Bombay HC [Read Order]](https://images.taxscan.in/h-upload/2025/06/20/500x300_2050839-mba-vacancy-at-mahindra-mba-vacancy-mahindra-taxscan-1.webp "Relief to Mahindra & Mahindra Ltd, AO Has No Jurisdiction to Alter Net Profit in P & L Account Except Under S. 115J of Income Tax Act: Bombay HC [Read Order]")
NCLAT Allows Appeal, Approves Resolution Plan for Appellant: Held NCLT Overstepped by Interfering in CoC’s Commercial Wisdom [Read Order]
The National Company Law Appellate Tribunal (NCLAT) in a recent case, has overturned the order of the National Company Law Tribunal (NCLT), Chandigarh Bench, which had rejected the resolution plan...
![NCLAT Allows Appeal, Approves Resolution Plan for Appellant: Held NCLT Overstepped by Interfering in CoC’s Commercial Wisdom [Read Order]](https://images.taxscan.in/h-upload/2025/06/18/500x300_2050096-nclat-resolution-plan-appellant-taxscan.webp "NCLAT Allows Appeal, Approves Resolution Plan for Appellant: Held NCLT Overstepped by Interfering in CoC’s Commercial Wisdom [Read Order]")
Cash on Hand in Real Estate Business Not Unusual, Cannot Be Taxed Solely for Demonetization Deposits: ITAT [Read Order]
The Surat Bench of the Income Tax Appellate Tribunal (ITAT) partly allowed the appeal in a case concerning the addition of cash deposits made during the demonetization period, ruling that cash on...
![Cash on Hand in Real Estate Business Not Unusual, Cannot Be Taxed Solely for Demonetization Deposits: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/06/18/500x300_2050082-real-estate-business.webp "Cash on Hand in Real Estate Business Not Unusual, Cannot Be Taxed Solely for Demonetization Deposits: ITAT [Read Order]")
Cash on Hand in Real Estate Business Not Unusual, Cannot Be Taxed Solely for Demonetization Deposits: ITAT [Read Order]
The Surat Bench of the Income Tax Appellate Tribunal (ITAT) partly allowed the appeal in a case concerning the addition of cash deposits made during the demonetization period, ruling that cash on...
Cash Credit Account Not Attachable u/s 83 of MGST Act as It Is Not Account Holder's Property: Bombay HC [Read Order]
The High Court of Bombay held that a cash credit account is not the property of the account holder and therefore cannot be provisionally attached under Section 83 of the Maharashtra Goods and ...
![Cash Credit Account Not Attachable u/s 83 of MGST Act as It Is Not Account Holders Property: Bombay HC [Read Order]](https://images.taxscan.in/h-upload/2025/06/18/500x300_2050080-cash-credit-cash-credit-account-account-not-attachable-taxscan.webp "Cash Credit Account Not Attachable u/s 83 of MGST Act as It Is Not Account Holders Property: Bombay HC [Read Order]")
“Proceedings to Reopen Assessment not akin to Review Proceedings”: Bombay HC quashes Delayed Reopening due to Change of Opinion [Read Order]
The Bombay HighCourt, in yet another instance has underscored the requisite jurisdictional parameters to be satisfied by the Income Tax Department to effectuate reopening of an income tax assessment...
![“Proceedings to Reopen Assessment not akin to Review Proceedings”: Bombay HC quashes Delayed Reopening due to Change of Opinion [Read Order]](https://images.taxscan.in/h-upload/2025/06/18/500x300_2050069-assessment-bombay-high-court-bombay-hc-quashes-taxscan.webp "“Proceedings to Reopen Assessment not akin to Review Proceedings”: Bombay HC quashes Delayed Reopening due to Change of Opinion [Read Order]")