Income Tax Return: CBDT notifies ITR Form V for AY 2025-26 [Read Notification]
The Central Board of Direct Taxes ( CBDT ) has issued the revised ITR form V for the Assessment Year 2025-26. The Ministry of Finance notification...
![Subscription & Redemption of Liquid Mutual Fund Units cannot be Termed as “Trading of Goods”, Exemption Not Allowable: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/liquid-mutual-funds.jpg "Subscription & Redemption of Liquid Mutual Fund Units cannot be Termed as “Trading of Goods”, Exemption Not Allowable: CESTAT [Read Order]")
![CESTAT allows 12% Interest on Delayed Refund of Service Tax Paid by Mistake [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/tax-refund-CESTAT-TAXSCAN.jpg "CESTAT allows 12% Interest on Delayed Refund of Service Tax Paid by Mistake [Read Order]")
![‘Appropriate rate of Duty’ used in Excise Notification is same for finished goods cleared on payment of duty at ‘Nil’ rate”: CESTAT sets aside Duty Demand [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Demand-of-Excise-Duty-Excise-Duty-Evade-Tax-CESTAT-Demanding-Duty-CESTAT-sets-aside-order-Demanding-Duty-taxscan.jpg "‘Appropriate rate of Duty’ used in Excise Notification is same for finished goods cleared on payment of duty at ‘Nil’ rate”: CESTAT sets aside Duty Demand [Read Order]")
![5 % VAT Leviable on Sale of Liquid Carbon Dioxide: Andhra Pradesh HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/5-VAT-Leviable-Sale-of-Liquid-Carbon-Dioxide-Andhra-Pradesh-HC-taxscan.jpg "5 % VAT Leviable on Sale of Liquid Carbon Dioxide: Andhra Pradesh HC [Read Order]")
Travel Agency Claims Record Loss in Fire: Patna HC Confirms ₹25 Lakh Service Tax Demand for Non-Cooperation [Read Order]
In a recent judgment, the Patna High Court upheld a Rs. 25 lakh service tax demand against Siddartha Travels, rejecting the travel agency’s claim that its business records were destroyed in a fire....
![Travel Agency Claims Record Loss in Fire: Patna HC Confirms ₹25 Lakh Service Tax Demand for Non-Cooperation [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Patna-High-Court-Service-Tax-Demand-for-Non-Cooperation-Travel-agency-service-tax-case-TAXSCAN.jpg "Travel Agency Claims Record Loss in Fire: Patna HC Confirms ₹25 Lakh Service Tax Demand for Non-Cooperation [Read Order]")
Nearly 5-Year Delay in Filing Defective ITRs Due to Financial Hardship: Bombay HC Allows Condonation on Condition [Read Order]
In a recent ruling, the Bombay High Court condoned a delay of nearly five years in filing defective Income Tax Returns (ITRs) for two assessment years, on the condition that the petitioner would not...
![Nearly 5-Year Delay in Filing Defective ITRs Due to Financial Hardship: Bombay HC Allows Condonation on Condition [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/condonation-delay-HC-TAXSCAN.jpg "Nearly 5-Year Delay in Filing Defective ITRs Due to Financial Hardship: Bombay HC Allows Condonation on Condition [Read Order]")
Renewal of Passport Withheld by Economic Offences Wing: Bombay HC allows NRI to Record Statement Via Video Conferencing [Read Order]
The division bench of Bombay High Court comprising Binu Tamta ( Judicial Member ) and Hemambika R. Priya ( Technical Member ) has allowed the Non-Resident Indian (NRI) to record statements via...
![Renewal of Passport Withheld by Economic Offences Wing: Bombay HC allows NRI to Record Statement Via Video Conferencing [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Renewal-of-Passport-Withheld-Economic-Offences-Wing-Bombay-HC-NRI-to-Record-Statement-Via-Video-Conferencing-taxscan.jpg "Renewal of Passport Withheld by Economic Offences Wing: Bombay HC allows NRI to Record Statement Via Video Conferencing [Read Order]")
CESTAT Overturns Service Tax Ruling, Remands Case for Re-evaluation of Employment Contracts and Tax Liability [Read Order]
The Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) in Mumbai overturned a service tax ruling against Garware Polyester Ltd, remanding the case to the original authority for...
![CESTAT Overturns Service Tax Ruling, Remands Case for Re-evaluation of Employment Contracts and Tax Liability [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Tax-Liability-1.jpg "CESTAT Overturns Service Tax Ruling, Remands Case for Re-evaluation of Employment Contracts and Tax Liability [Read Order]")
Bombay HC Rules Basis for Infrastructure Fee Deduction Must Be Actual Receipts, Not Gross Advertising Bills [Read Order]
In a recent ruling, the Bombay High Court ruled that infrastructure fee deductions under the Income Tax Act must be calculated based on actual advertising receipts and not on gross advertising bills....
![Bombay HC Rules Basis for Infrastructure Fee Deduction Must Be Actual Receipts, Not Gross Advertising Bills [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Infrastructure-Fee-Deduction-high-court-taxscan.jpg "Bombay HC Rules Basis for Infrastructure Fee Deduction Must Be Actual Receipts, Not Gross Advertising Bills [Read Order]")
Bombay HC uses forum conveniens Doctrine to Dismiss Trustcap’s Income Tax Matter with Cause of Action at Kolkata [Read Order]
The Bombay High Court recently dismissed an income tax matter using the principle of forum conveniens, holding that the Bombay High Court was not the appropriate court exercising jurisdiction over...
![Bombay HC uses forum conveniens Doctrine to Dismiss Trustcap’s Income Tax Matter with Cause of Action at Kolkata [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Bombay-HC-forum-conveniens-Doctrine-Dismiss-Trustcaps-Income-Tax-Matter-Cause-of-Action-at-Kolkata-taxscan.jpg "Bombay HC uses forum conveniens Doctrine to Dismiss Trustcap’s Income Tax Matter with Cause of Action at Kolkata [Read Order]")