![Mere Mention of Sale and Estimated Gain, No Tangible Material Linking Deceased CFO to Escaped Income: ITAT Invalidates Reopening [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/ITAT-Income-Tax-Appellate-Tribunal.jpg "Mere Mention of Sale and Estimated Gain, No Tangible Material Linking Deceased CFO to Escaped Income: ITAT Invalidates Reopening [Read Order]")
Mere Mention of Sale and Estimated Gain, No Tangible Material Linking Deceased CFO to Escaped Income: ITAT Invalidates Reopening [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) quashed the reassessment proceedings against the legal heir of a deceased CFO, ruling...
![District Magistrate Failed to Collect TCS: ITAT Condones 350-Day Delay Despite Non-Representation of DMs AR [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/District-Magistrate-District-Magistrate-Failed-to-Collect-TCS-TCS-taxscan.jpg "District Magistrate Failed to Collect TCS: ITAT Condones 350-Day Delay Despite Non-Representation of DMs AR [Read Order]")
![ITAT Weekly Round-Up [May 11th - May 18th]](https://www.taxscan.in/wp-content/uploads/2025/05/itat-itat-roundup-weeklyrounup-taxscan-1.jpg "ITAT Weekly Round-Up [May 11th - May 18th]")
Seized Documents From Group Companies Justify Coordinated Investigation: Madras HC Upholds Transfer u/s 127 of the ITA [Read Order]
The High Court of Madras,ruled that seized documents from group entities justified the transfer of assessment cases under Section 127 of the Income Tax Act,1961 for a coordinated investigation, as...
RBI Notifies $700 Million Exim Bank LoC to Mongolia for Crude Oil Refinery Project [Read Circular]
The Reserve Bank of India (RBI) has released a new circular on May 16, 2025, informing banks and exporters about a major financial agreement between India and Mongolia. According to the circular, the...
ROC cannot File Criminal Complaint While Company’s Penalty Appeal u/s 454(8) is Pending: Kerala HC [Read Order]
In a recent judgment, the Kerala High Court held that the Registrar of Companies (ROC) cannot file a criminal complaint under Section 454(8) of the Companies Act while the company’s statutory appeal...
Freight and Insurance Included in Assessable Value for FOR Destination Sales: CESTAT [Read Order]
The Hyderabad Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) ruled that in cases of FOR (Free on Road) destination sales, the cost of freight and insurance must be included...
![Freight and Insurance Included in Assessable Value for FOR Destination Sales: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Freight-Insurance-CESTAT-TAXSCAN.jpg "Freight and Insurance Included in Assessable Value for FOR Destination Sales: CESTAT [Read Order]")