![Volume-Based Discounts Not Anti-Competitive: Supreme Court in Schott India Case After 11 Years Battle [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2025/05/Schott-India-Case-Supreme-Court-in-Schott-India-Case-Supreme-Court-taxscan.jpg "Volume-Based Discounts Not Anti-Competitive: Supreme Court in Schott India Case After 11 Years Battle [Read Judgement]")
Volume-Based Discounts Not Anti-Competitive: Supreme Court in Schott India Case After 11 Years Battle [Read Judgement]
The Supreme Court of India ruled that volume-based discounts offered by dominant enterprises do not, by themselves, constitute abuse of dominance...
![Trademark Ownership Must Be Verified via Registrar, Not Unreliable Websites: CESTAT Confirms Exemption Eligibility for Small Service Provider [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/trademark-site-img.jpg "Trademark Ownership Must Be Verified via Registrar, Not Unreliable Websites: CESTAT Confirms Exemption Eligibility for Small Service Provider [Read Order]")
![Voluntary Payment of GST Penalty concludes all Proceedings u/s 129: Orissa HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Penalty-Taxpayer-ITAT-Confirms-Penalty-Taxscan.jpg "Voluntary Payment of GST Penalty concludes all Proceedings u/s 129: Orissa HC [Read Order]")
![Mere Non-Compliance of Summons u/s 131 Not Ground for Addition u/s 68 When Evidences Furnished before AO: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Incriminating-Material-ITAT-TAXSCAN.jpg "Mere Non-Compliance of Summons u/s 131 Not Ground for Addition u/s 68 When Evidences Furnished before AO: ITAT [Read Order]")
GST Demand Order Passed alleging Excess ITC Claim: Madras HC directs to Consider Application for Rectification of Order [Read Order]
The Madras High Court has directed the GST ( Goods and Services Tax ) department to consider and dispose of a rectification application filed by the petitioner rectifying the order passed on the...
![GST Demand Order Passed alleging Excess ITC Claim: Madras HC directs to Consider Application for Rectification of Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/gst-demand-site-img.jpg "GST Demand Order Passed alleging Excess ITC Claim: Madras HC directs to Consider Application for Rectification of Order [Read Order]")
Companies (Indian Accounting Standards) Amendment Rules, 2025: A Detailed Explanation [Read Notification]
The Ministry of Corporate Affairs (MCA), along with the National Financial Reporting Authority (NFRA), announced new rules on May 7, 2025, called the Companies (Indian Accounting Standards) Amendment...
![Companies (Indian Accounting Standards) Amendment Rules, 2025: A Detailed Explanation [Read Notification]](https://www.taxscan.in/wp-content/uploads/2025/05/accounting-standards-site-img.jpg "Companies (Indian Accounting Standards) Amendment Rules, 2025: A Detailed Explanation [Read Notification]")
Non-Disclosure of Related Party Transactions in Board Report violates S. 134(3)(h): MCA Imposes ₹4 Lakh Penalty [Read Order]
The Ministry of Corporate Affairs ( MCA ) has imposed a monetary penalty of ₹4,00,000 on BI Minning (India) Private Limited and its directors in default for failing to disclose particulars of related...
![Non-Disclosure of Related Party Transactions in Board Report violates S. 134(3)(h): MCA Imposes ₹4 Lakh Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/MCA-site-img-1.jpg "Non-Disclosure of Related Party Transactions in Board Report violates S. 134(3)(h): MCA Imposes ₹4 Lakh Penalty [Read Order]")
Sada Tambaku Pre-Mixed with Lime Classified as Chewing Tobacco, Attracts 28% GST: AAR [Read Order]
The Gujarat Authority for Advance Ruling (AAR) ruled that “sada tambaku” pre-mixed with lime is classifiable as chewing tobacco under HSN 24039910 and is liable to Goods and Services Tax (GST) at the...
![Sada Tambaku Pre-Mixed with Lime Classified as Chewing Tobacco, Attracts 28% GST: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/tobacco-AAR-taxscan.jpg "Sada Tambaku Pre-Mixed with Lime Classified as Chewing Tobacco, Attracts 28% GST: AAR [Read Order]")
Clandestine Removal Charges Without Corroboration of Recovered Documents is Invalid: CESTAT [Read Order]
In a recent case, the Delhi Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) has held that the charges of clandestine removal without corroboration of recovered documents are...
![Clandestine Removal Charges Without Corroboration of Recovered Documents is Invalid: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Clandestine-CESTAT-TAXSCAN.jpg "Clandestine Removal Charges Without Corroboration of Recovered Documents is Invalid: CESTAT [Read Order]")