![Explanation to Income Tax S. 12AB(4) on Specified Violations Introduced in Finance Act, 2022 Applies Prospectively Only: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/06/18/500x300_2049849-itat-delhi-income-tax-s-12ab4-specified-violations-finance-act-taxscan.webp "Explanation to Income Tax S. 12AB(4) on Specified Violations Introduced in Finance Act, 2022 Applies Prospectively Only: ITAT [Read Order]")
Explanation to Income Tax S. 12AB(4) on 'Specified Violations' Introduced in Finance Act, 2022 Applies Prospectively Only: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Delhi Bench, has held that the Explanation to Section 12AB(4) of the Income Tax Act, 1961, introduced by...
![[BREAKING] ICAI expected to Limit Tax Audits to 60 per Partner from FY 2026-2027](https://images.taxscan.in/h-upload/2025/06/18/250x150_2049848-breaking-icai-expected-tax-audits-partner-from-fy-taxscan.webp "[BREAKING] ICAI expected to Limit Tax Audits to 60 per Partner from FY 2026-2027")
![GST Registration Cancelled Without Providing Proper Notice: Gauhati HC sets aside Order Rejecting Revocation Application [Read Order]](https://images.taxscan.in/h-upload/2025/06/18/250x150_2049762-gst-cancelled-taxscan.webp "GST Registration Cancelled Without Providing Proper Notice: Gauhati HC sets aside Order Rejecting Revocation Application [Read Order]")
![Calcutta HC Permits to File Connected Application Against SCN u/s 74 of CGST and Adjudication Order [Read Order]](https://images.taxscan.in/h-upload/2025/06/18/250x150_2049775-cgst1.webp "Calcutta HC Permits to File Connected Application Against SCN u/s 74 of CGST and Adjudication Order [Read Order]")
![Mere wrong availment of Cenvat Credit cannot be equated with suppression of fact, fraud intent to evade duty: CESTAT [Read Order]](https://images.taxscan.in/h-upload/2025/06/18/250x150_2049756-cenvat-credit-cestat-taxscan.webp "Mere wrong availment of Cenvat Credit cannot be equated with suppression of fact, fraud intent to evade duty: CESTAT [Read Order]")
NCLAT Dismisses Appeal by Suspended Company Director: Upholds Insolvency Against the Company [Read Order]
The National Company Law Appellate Tribunal (NCLAT) has upheld the order of the Mumbai Bench of the NCLT that admitted a Section 7 petition against Future Ideas Company Ltd. The appeal, filed by ...
![NCLAT Dismisses Appeal by Suspended Company Director: Upholds Insolvency Against the Company [Read Order]](https://images.taxscan.in/h-upload/2025/06/18/500x300_2049810-nclat-appeal-taxscan.webp "NCLAT Dismisses Appeal by Suspended Company Director: Upholds Insolvency Against the Company [Read Order]")
26 pieces of Gold Biscuit Smuggling: CESTAT Sets aside Penalty imposed under Customs Act In Absence of Documentory Evidence Showing Involvement [Read Order]
In a recent case, the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) set aside the penalty imposed under the Customs Act, 1962 without documentary evidence showing involvement. ...
![26 pieces of Gold Biscuit Smuggling: CESTAT Sets aside Penalty imposed under Customs Act In Absence of Documentory Evidence Showing Involvement [Read Order]](https://images.taxscan.in/h-upload/2025/06/18/500x300_2049789-gold-biscuit-smuggling-taxscan.webp "26 pieces of Gold Biscuit Smuggling: CESTAT Sets aside Penalty imposed under Customs Act In Absence of Documentory Evidence Showing Involvement [Read Order]")
“Sheer Ignorance of Law”: Himachal Pradesh HC Slams AO for Income Tax Order against Deceased Proprietor [Read Order]
In a scathing rebuke to tax authorities, the Himachal Pradesh High Court has quashed an assessment order issued against a deceased individual, condemning the Assessing Officer (AO) for acting in...
![“Sheer Ignorance of Law”: Himachal Pradesh HC Slams AO for Income Tax Order against Deceased Proprietor [Read Order]](https://images.taxscan.in/h-upload/2025/06/18/500x300_2049797-income-tax-reassessment-notice-issued-against-dead-person-invalid-notice-taxscan.webp "“Sheer Ignorance of Law”: Himachal Pradesh HC Slams AO for Income Tax Order against Deceased Proprietor [Read Order]")
Differences of ITC availed in Form GSTR-3B against Form GSTR-2A: Orissa HC Quashes GST Order on violation of Natural Justice Principle
The High Court of Orissa ina case regarding the differences of Input Tax Credit (ITC) availed in Form GSTR-3B against Form GSTR-2A, quashed the Central Goods and Service Tax (CGST) order in...
ED Search under PMLA Not Harassment: Madras HC Allows PMLA Proceedings Against TASMAC to Continue [Read Order]
The High Court of Madras, held that the Enforcement Directorate’s search under the Prevention of Money Laundering Act (PMLA) was lawful and did not amount to harassment, allowing proceedings ...
![ED Search under PMLA Not Harassment: Madras HC Allows PMLA Proceedings Against TASMAC to Continue [Read Order]](https://images.taxscan.in/h-upload/2025/06/18/500x300_2049680-ed.webp "ED Search under PMLA Not Harassment: Madras HC Allows PMLA Proceedings Against TASMAC to Continue [Read Order]")