![ITAT Wrongly Dismisses Stay Petition on 20% Pre-Deposit Condition already Removed by High Court: Kerala HC Quashes Order [Read Order]](https://images.taxscan.in/h-upload/2025/08/18/500x300_2077861-predeposit-condition-taxscan.webp "ITAT Wrongly Dismisses Stay Petition on 20% Pre-Deposit Condition already Removed by High Court: Kerala HC Quashes Order [Read Order]")
ITAT Wrongly Dismisses Stay Petition on 20% Pre-Deposit Condition already Removed by High Court: Kerala HC Quashes Order [Read Order]
In a recent ruling, the Kerala High Court held that the Income Tax Appellate Tribunal committed a serious error in dismissing a stay petition on the...
![NCLT Admits IBC Plea against Palchan Bhang Power for Default in Repaying ₹5.7 Cr over 10-Year Interest-Free Period [Read Order]](https://images.taxscan.in/h-upload/2025/08/18/250x150_2077865-nclt-ibc-palchan-bhang-power-taxscan.webp "NCLT Admits IBC Plea against Palchan Bhang Power for Default in Repaying ₹5.7 Cr over 10-Year Interest-Free Period [Read Order]")
![DRT Directs to Admit Application filed by Financial Creditor u/s 126 (1) of IBC [Read Order]](https://images.taxscan.in/h-upload/2025/08/18/250x150_2077863-drt-drt-directs-to-admit-application-application-filed-by-financial-creditor-taxscan.webp "DRT Directs to Admit Application filed by Financial Creditor u/s 126 (1) of IBC [Read Order]")
![Taxpayer Entitled to Interest on Refund Under DTVSV Act Despite Section 7 Bar: Kerala HC [Read Order]](https://images.taxscan.in/h-upload/2025/08/16/500x300_2077553-taxpayer-entitled-to-interest-on-refund-interest-on-refund-taxscan.webp "Taxpayer Entitled to Interest on Refund Under DTVSV Act Despite Section 7 Bar: Kerala HC [Read Order]")
Person Found Guilty Under FEMA Cannot Seek Compounding After Adjudication: Calcutta HC Upholds RBI’s Rejection [Read Order]
In a recent ruling, the Calcutta High Court held that a person found guilty under the Foreign Exchange Management Act, 1999 (FEMA) cannot seek compounding of the offence after the adjudication ...
![Person Found Guilty Under FEMA Cannot Seek Compounding After Adjudication: Calcutta HC Upholds RBI’s Rejection [Read Order]](https://images.taxscan.in/h-upload/2025/08/16/500x300_2077551-fema-adjudication-calcutta-hc-rbi-taxscan.webp "Person Found Guilty Under FEMA Cannot Seek Compounding After Adjudication: Calcutta HC Upholds RBI’s Rejection [Read Order]")
ITAT imposes ₹2k cost for unexplained delay in filing appeal and remands matter to AO for fresh adjudication of disallowance issue [Read Order]
The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) has imposed a cost of ₹2,000 on M/s. Udai Lal Mahabir Prasad for failing to explain the delay in filing its appeal and remanded the ...
![ITAT imposes ₹2k cost for unexplained delay in filing appeal and remands matter to AO for fresh adjudication of disallowance issue [Read Order]](https://images.taxscan.in/h-upload/2025/08/16/500x300_2077540-itat-unexplained-delay-unexplained-delay-in-filing-appeal-taxscan.webp "ITAT imposes ₹2k cost for unexplained delay in filing appeal and remands matter to AO for fresh adjudication of disallowance issue [Read Order]")
Fast Track Revisional Authority Accepted Documents but Recorded Non-Production: Calcutta HC Remands VAT Case [Read Order]
In a recent ruling, the Calcutta High Court held that when a tax authority accepts documents submitted by an assessee, it cannot later record that the same documents were not produced. The court...
![Fast Track Revisional Authority Accepted Documents but Recorded Non-Production: Calcutta HC Remands VAT Case [Read Order]](https://images.taxscan.in/h-upload/2025/08/16/500x300_2077541-fast-track-revisional-authority-documents-calcutta-hc-vat-case-taxscan.webp "Fast Track Revisional Authority Accepted Documents but Recorded Non-Production: Calcutta HC Remands VAT Case [Read Order]")
Mere Disallowance of Capitalized Interest Not Misreporting: ITAT deletes Income Tax Penalty u/s 270A [Read Order]
The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) has deleted the penalty imposed under section 270A of the Income Tax Act, 1961, and held that mere disallowance of the capitalized ...
![Mere Disallowance of Capitalized Interest Not Misreporting: ITAT deletes Income Tax Penalty u/s 270A [Read Order]](https://images.taxscan.in/h-upload/2025/08/16/500x300_2077533-mere-disallowance-capitalized-interest-itat-income-tax-penalty-taxscan.webp "Mere Disallowance of Capitalized Interest Not Misreporting: ITAT deletes Income Tax Penalty u/s 270A [Read Order]")
