![ITR filed rejected in absence of TAR: Delhi HC sets aside Income Tax Order rejecting Condonation Application [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/income-tax-return-1.jpg "ITR filed rejected in absence of TAR: Delhi HC sets aside Income Tax Order rejecting Condonation Application [Read Order]")
ITR filed rejected in absence of TAR: Delhi HC sets aside Income Tax Order rejecting Condonation Application [Read Order]
The Delhi High Court has set aside the Income Tax order which rejected the application under section 119(2)(b) of the Income Tax Act, 1961 for...
![CBIC Issues Updated Formats for Arrest and Incident Reporting in Customs Cases [Read Format]](https://www.taxscan.in/wp-content/uploads/2025/05/CBIC-Updated-Formats-for-Arrest-TAXSCAN.jpg "CBIC Issues Updated Formats for Arrest and Incident Reporting in Customs Cases [Read Format]")
![Calcutta HC Upholds Shifting of NCLT Premises to New Town, Dismisses appeal of NCLT Bar Association [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Calcutta-High-Court-NCLT-Bar-Association-appeal-dismissed-TAXSCAN.jpg "Calcutta HC Upholds Shifting of NCLT Premises to New Town, Dismisses appeal of NCLT Bar Association [Read Order]")
![CVD and SAD Paid Post-GST Eligible for CENVAT Credit Under Earlier Regime: CESTAT Allows Cash Refund u/s 142(3) [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/CENVAT-Credit-Cash-Refund-CESTAT-taxscan.jpg "CVD and SAD Paid Post-GST Eligible for CENVAT Credit Under Earlier Regime: CESTAT Allows Cash Refund u/s 142(3) [Read Order]")
![Delhi HC Grants Belated GST Appeal Remedy u/s 107 Act due to Procedural Lapses in Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/GST-Appeal-Delhi-High-Court-Procedural-Lapses-in-Adjudication-taxscan.jpg "Delhi HC Grants Belated GST Appeal Remedy u/s 107 Act due to Procedural Lapses in Adjudication [Read Order]")
No Evidence of Price Rigging: Calcutta HC Dismisses Income Tax Dept Appeal in Rs. 71L Penny Stock Loss Case [Read Order]
The Calcutta High Court recently dismissed an appeal filed by the Income Tax Department in a case involving the disallowance of ₹71.38 lakh in losses claimed from transactions in penny stock scrips. ...
![No Evidence of Price Rigging: Calcutta HC Dismisses Income Tax Dept Appeal in Rs. 71L Penny Stock Loss Case [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Calcutta-High-Court-Income-Tax-Dept-Appeal-Penny-Stock-Loss-Case-TAXSCAN.jpg "No Evidence of Price Rigging: Calcutta HC Dismisses Income Tax Dept Appeal in Rs. 71L Penny Stock Loss Case [Read Order]")
Mere Non-Disclosure without Deliberate Evasion Not Enough: CESTAT Quashes Rs. 2 Crore Penalty on Former Managing Director [Read Order]
The Delhi Principal Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) ruled that mere non-disclosure without a deliberate attempt to evade duty is insufficient to attract a...
![Mere Non-Disclosure without Deliberate Evasion Not Enough: CESTAT Quashes Rs. 2 Crore Penalty on Former Managing Director [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/penalty-CESTAT-TAXSCAN.jpeg "Mere Non-Disclosure without Deliberate Evasion Not Enough: CESTAT Quashes Rs. 2 Crore Penalty on Former Managing Director [Read Order]")
Delhi High Court Sets Aside GST Demand Over “Hidden” SCN within Additional Notices Tab on Portal [Read Order]
The Delhi High Court recently set aside a Goods and Services Tax (GST) demand order, observing that the Show Cause Notice (SCN) in question had been uploaded solely under the "Additional Notices" tab...
![Delhi High Court Sets Aside GST Demand Over “Hidden” SCN within Additional Notices Tab on Portal [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Delhi-High-Court-GST-Demand-GST-SCN-SCN-within-Additional-Notices-Tab-taxscan.jpg "Delhi High Court Sets Aside GST Demand Over “Hidden” SCN within Additional Notices Tab on Portal [Read Order]")
Disallowance for Contractual Penalties Deducted by Government Authorities: ITAT Allows Deduction as Business Expenditure u/s 37(1) [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal(ITAT)allowed deduction of ₹42.44 lakh as business expenditure under Section 37(1) of Income Tax Act,1961 rejecting the disallowance for contractual...
![Disallowance for Contractual Penalties Deducted by Government Authorities: ITAT Allows Deduction as Business Expenditure u/s 37(1) [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Disallowance-business-expenditure-TAXSCAN.jpg "Disallowance for Contractual Penalties Deducted by Government Authorities: ITAT Allows Deduction as Business Expenditure u/s 37(1) [Read Order]")
SEBI Expands Eligibility Criteria for Internal Audit Teams of Credit Rating Agencies (CRAs) [Read Circular]
The Securities and Exchange Board of India (SEBI) issued a circular dated May 14, 2025, notifying changes to the rules for the composition of internal audit teams in Credit Rating Agencies (CRAs)....
![SEBI Expands Eligibility Criteria for Internal Audit Teams of Credit Rating Agencies (CRAs) [Read Circular]](https://www.taxscan.in/wp-content/uploads/2025/05/SEBI-SEBI-Expands-Eligibility-Criteria-Eligibility-Criteria-for-Internal-Audit-Teams-taxscan-1.jpg "SEBI Expands Eligibility Criteria for Internal Audit Teams of Credit Rating Agencies (CRAs) [Read Circular]")