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ICAI Releases Updated Handbook on Exempted Supplies under GST
The Institute of Chartered Accountants of India ( ICAI ) has released the Fourth Edition of its flagship publication, the "Handbook on Exempted...
![SEBI Tightens Cybersecurity Rules: New Compliance Categories for Regulated Entities [Read Circular]](https://www.taxscan.in/wp-content/uploads/2025/05/SEBI-Cybersecurity.jpg "SEBI Tightens Cybersecurity Rules: New Compliance Categories for Regulated Entities [Read Circular]")
![Wind Turbine Towers Recognized as Generator Parts, Not Structures:Â CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Wind-Turbine-Tower.jpg "Wind Turbine Towers Recognized as Generator Parts, Not Structures:Â CESTAT [Read Order]")
![Relief to Sun Pharma Laboratories Limited: CESTAT allows Refund for Education Cess and Higher Education Cess while Exempting Excise Duty [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Customs-Duty-Sun-Pharmaceuticals-Sun-Pharmaceuticals-fine-case-Sun-Pharmaceuticals-customs-case-taxscan-2.jpg "Relief to Sun Pharma Laboratories Limited: CESTAT allows Refund for Education Cess and Higher Education Cess while Exempting Excise Duty [Read Order]")
![ITAT Deletes Rs. 2.72 Crore Penalty as Additions in Quantum Assessment Were Deleted [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Quantum-assessment.jpg "ITAT Deletes Rs. 2.72 Crore Penalty as Additions in Quantum Assessment Were Deleted [Read Order]")
ITAT Cuts Estimated 20% Profit Rate to 12.5% in Bogus Purchase Case Calling It Excessive, remanded for Recomputation [Read Order]
In a recent decision, the Income Tax Appellate Tribunal (ITAT) Delhi Bench, held that the estimated profit rate of 20% applied on account of unsubstantiated purchases was excessive. The tribunal...
![ITAT Cuts Estimated 20% Profit Rate to 12.5% in Bogus Purchase Case Calling It Excessive, remanded for Recomputation [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/ITAT-Ahmedabad-income-tax-Bogus-Purchases-Citing-Genuine-Sales-Taxscan.jpg "ITAT Cuts Estimated 20% Profit Rate to 12.5% in Bogus Purchase Case Calling It Excessive, remanded for Recomputation [Read Order]")
![CBDT Notifies Revised ITR-3 Form for AY 2025-26 [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/CBDT-ITR-3-Form-Revised-ITR-3-Form-updates-TAXSCAN.jpeg "CBDT Notifies Revised ITR-3 Form for AY 2025-26 [Read Order]")
Jurisdiction of AO u/s 153C of Income Tax Act beyond block of 10 year is invalid: Delhi HC upholds ITAT Order [Read Order]
The Delhi High Court in its judgement upheld the Income Tax Appellate Tribunals (ITAT)’s Order finding the AO’s assumption of jurisdiction under Section 153C of the Income Tax Act, 1961 in respect...
![Jurisdiction of AO u/s 153C of Income Tax Act beyond block of 10 year is invalid: Delhi HC upholds ITAT Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Benefit-of-Monetary-Limits-Guidelines-Dispute-related-to-Classification-Product-for-Customs-Duty-Delhi-HC-taxscan.jpg "Jurisdiction of AO u/s 153C of Income Tax Act beyond block of 10 year is invalid: Delhi HC upholds ITAT Order [Read Order]")