![Finance Ministry Revises Customs Tariff Values for Palm Oil, Soybean Oil, Gold, Silver, and Areca Nuts [Read Notification]](https://images.taxscan.in/h-upload/2025/08/15/500x300_2077174-finance-ministry-revises-customs-tariff-values-for-palm-oil-soybean-oil-gold-silver-areca-nuts-taxscan.webp "Finance Ministry Revises Customs Tariff Values for Palm Oil, Soybean Oil, Gold, Silver, and Areca Nuts [Read Notification]")
Finance Ministry Revises Customs Tariff Values for Palm Oil, Soybean Oil, Gold, Silver, and Areca Nuts [Read Notification]
The Central Board of Indirect Taxes and Customs (CBIC) under the Ministry of Finance issued Notification No. 50/2025-Customs (N.T.) dated August 14,...
![NCLT Order Lacked Reasons or Analysis Despite ‘Analysis and Findings’ Heading: NCLAT Sets Aside Order [Read Order]](https://images.taxscan.in/h-upload/2025/08/15/250x150_2077102-nclt-order-lacked-nclat-taxscan.webp "NCLT Order Lacked Reasons or Analysis Despite ‘Analysis and Findings’ Heading: NCLAT Sets Aside Order [Read Order]")
RBI Amends KYC Directions, Includes Accessibility Safeguards and Aadhaar Face Authentication [Read Directions]
The ReserveBank of India (RBI) issued Notification No. RBI/2025-26/75 DOR.AML.REC.46/14.01.001/2025-26 dated August 14, 2025, announcing the Reserve Bank of India (Know Your Customer (KYC)) (2nd...
![RBI Amends KYC Directions, Includes Accessibility Safeguards and Aadhaar Face Authentication [Read Directions]](https://images.taxscan.in/h-upload/2025/08/15/500x300_2077094-2043815-rbi-x-kyc.webp "RBI Amends KYC Directions, Includes Accessibility Safeguards and Aadhaar Face Authentication [Read Directions]")
Denial of TDS Credit Due to Form 26AS Mismatch: ITAT Directs AO to Verify Taxpayer Receipt and Allow Full Credit [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) directed the Assessing Officer (AO) to verify the taxpayer receipt and allow full credit where the Tax Deducted at Source (TDS) credit...
![Denial of TDS Credit Due to Form 26AS Mismatch: ITAT Directs AO to Verify Taxpayer Receipt and Allow Full Credit [Read Order]](https://images.taxscan.in/h-upload/2025/08/15/500x300_2076927-tds-form-26as-mismatch-itat-taxscan.webp "Denial of TDS Credit Due to Form 26AS Mismatch: ITAT Directs AO to Verify Taxpayer Receipt and Allow Full Credit [Read Order]")
Audit u/s 44AB Not Required and Penalty u/s 271B Not Leviable When No Books of Account Maintained: ITAT [Read Order]
The Rajkot Bench of Income Tax Appellate Tribunal (ITAT) held that audit under section 44AB is not required and penalty under section 271B of the Income Tax Act,1961 is not leviable when no books of...
![Audit u/s 44AB Not Required and Penalty u/s 271B Not Leviable When No Books of Account Maintained: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/08/15/500x300_2076901-penalty-income-tax-act-imposed-for-mistake-by-accountant-itat-taxscan-1.webp "Audit u/s 44AB Not Required and Penalty u/s 271B Not Leviable When No Books of Account Maintained: ITAT [Read Order]")
Rs.10 Cr Deposited Bank Account Treated as Unexplained: ITAT Remands Matter for Rehearing [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) remanded a case for fresh assessment where cash deposits of about ₹10 crore in the assessee’s bank account were treated as unexplained. ...
![Rs.10 Cr Deposited Bank Account Treated as Unexplained: ITAT Remands Matter for Rehearing [Read Order]](https://images.taxscan.in/h-upload/2025/08/15/500x300_2076915-deposited-bank-account-bank-account-bank-account-treated-as-unexplained-taxscan.webp "Rs.10 Cr Deposited Bank Account Treated as Unexplained: ITAT Remands Matter for Rehearing [Read Order]")
₹4.24 Crore Received from Brother Treated as Unexplained Cash Credit: ITAT Upholds CIT(A) Deletion Citing Documentary and Third-Party Evidence [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) citing documentary and third-party evidence, upheld the Commissioner of Income Tax(Appeals)[CIT(A)]’s order deleting the ₹4.24 crore addition...
![₹4.24 Crore Received from Brother Treated as Unexplained Cash Credit: ITAT Upholds CIT(A) Deletion Citing Documentary and Third-Party Evidence [Read Order]](https://images.taxscan.in/h-upload/2025/08/15/500x300_2076926-unexplained-cash-credit-itat-cita-taxscan.webp "₹4.24 Crore Received from Brother Treated as Unexplained Cash Credit: ITAT Upholds CIT(A) Deletion Citing Documentary and Third-Party Evidence [Read Order]")