![‘Accommodative’ RBI Monetary Policy Slashes Repo Rate by 25 bps: Borrowers to get Reduced Loan Rates Amid Trump Tariffs [Read Statement]](https://www.taxscan.in/wp-content/uploads/2025/04/Accommodative-RBI-Monetary-Policy-Repo-Rate-by-25-bps-Borrowers-Reduced-Loan-Rates-Amid-Trump-Tariffs-taxscan.jpg "‘Accommodative’ RBI Monetary Policy Slashes Repo Rate by 25 bps: Borrowers to get Reduced Loan Rates Amid Trump Tariffs [Read Statement]")
‘Accommodative’ RBI Monetary Policy Slashes Repo Rate by 25 bps: Borrowers to get Reduced Loan Rates Amid Trump Tariffs [Read Statement]
The Reserve Bank of India (RBI), in its first bi-monthly Monetary Policy Committee (MPC) meeting for FY 2025–26, announced a 25 basis points cut in...
![ITAT holds Penalty u/s 271(1)(c) Unjustified in Absence of Malafide Intent, rejects Precedent [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-penalty-rejects-Precedent-TAXSCAN.jpg "ITAT holds Penalty u/s 271(1)(c) Unjustified in Absence of Malafide Intent, rejects Precedent [Read Order]")
![AO Adds Rs. 5.38 Lakh as Unexplained Cash Deposit: ITAT Confirms Rs. 48,000 Addition as Taxpayer Fails to Prove Source [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Unexplained-Cash-Deposits.jpg "AO Adds Rs. 5.38 Lakh as Unexplained Cash Deposit: ITAT Confirms Rs. 48,000 Addition as Taxpayer Fails to Prove Source [Read Order]")
![AAAR Dismisses Mitsubishi Electrics Appeal Due to 88-Day Delay, Cites Statutory Time Limitation [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Statutory-Time.jpg "AAAR Dismisses Mitsubishi Electrics Appeal Due to 88-Day Delay, Cites Statutory Time Limitation [Read Order]")
![Liquidation Order u/s 33 of IBC Cannot be Set Aside Once Successful Auction Purchaser Taken Possession of Property of Corporate Debtor: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Liquidation-Order-IBC-Corporate-Debtor-NCLAT-TAXSCAN.jpg "Liquidation Order u/s 33 of IBC Cannot be Set Aside Once Successful Auction Purchaser Taken Possession of Property of Corporate Debtor: NCLAT [Read Order]")
Exemption u/s 11 and 12 for Charitable Trusts Can't Be Denied on Mere Technical Errors : ITAT [Read Order]
In a recent ruling, the Income Tax Appellate Tribunal (ITAT) Pune bench held that the exemption under sections 11 and 12 of the Income Tax Act, 1961, cannot be denied for mere procedural defaults if...
![Exemption u/s 11 and 12 for Charitable Trusts Cant Be Denied on Mere Technical Errors : ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/charitable-trust-Technical-Errors-ITAT-taxscan.jpg "Exemption u/s 11 and 12 for Charitable Trusts Cant Be Denied on Mere Technical Errors : ITAT [Read Order]")
![Kerala HC Directs to dispose of Income Tax Appeal filed 9 Years Ago [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Income-Tax-Appeal-taxscan.jpg "Kerala HC Directs to dispose of Income Tax Appeal filed 9 Years Ago [Read Order]")
![HUDCO Bonds Now Eligible for Capital Gains Tax Exemption u/s 54EC: CBDT [Read Notification]](https://www.taxscan.in/wp-content/uploads/2025/04/HUDCO-HUDCO-Bonds-Eligible-for-Capital-Gains-Tax-Capital-Gains-Tax-Capital-Gains-Capital-Gains-Tax-Exemption-taxscan.jpg "HUDCO Bonds Now Eligible for Capital Gains Tax Exemption u/s 54EC: CBDT [Read Notification]")
![GST Liability Remains even if Order is found to be Bogus: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/GST-Liability.jpg "GST Liability Remains even if Order is found to be Bogus: AAR [Read Order]")
Mere issuance of Liquidation Notice before Master Directions does not negate Obligation to comply with Directions in Judgment: Kerala HC [Read Order]
In a recent case, the Kerala High Court has held that mere issuance of liqudation notice before master directions does not negate obligation to comply with directions in judgment. Tip Top...
![Mere issuance of Liquidation Notice before Master Directions does not negate Obligation to comply with Directions in Judgment: Kerala HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/liquidation-notice.jpg "Mere issuance of Liquidation Notice before Master Directions does not negate Obligation to comply with Directions in Judgment: Kerala HC [Read Order]")
Centre Raises Excise Duty on Fuel: ₹13/Litre on Petrol, ₹10/Litre on Diesel [Read Notification]
The Ministry of Finance has issued Notification No. 02/2025-Central Excise, dated 7th April 2025, revising the Special Additional Excise Duty (SAED) on petrol and diesel, marking a Rs. 2 increase in...
![Centre Raises Excise Duty on Fuel: ₹13/Litre on Petrol, ₹10/Litre on Diesel [Read Notification]](https://www.taxscan.in/wp-content/uploads/2025/04/Excise-Duty-on-Fuel-Excise-Duty-Hike-on-Petrol-Excise-Duty-on-Diesel-2025-TAXSCAN.jpg "Centre Raises Excise Duty on Fuel: ₹13/Litre on Petrol, ₹10/Litre on Diesel [Read Notification]")
Assets Reflected in Balance Sheet of Corporate Debtor are Part of Liquidation Estate u/s 36 of IBC: NCLAT [Read Order]
The New Delhi bench of the National Company Law Appellate Tribunal (NCLAT) has ruled that, in accordance with Section 36 of the Insolvency and Bankruptcy Code, 2016 (Code), all assets shown on the...
![Assets Reflected in Balance Sheet of Corporate Debtor are Part of Liquidation Estate u/s 36 of IBC: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/NCLAT-1-1.jpg "Assets Reflected in Balance Sheet of Corporate Debtor are Part of Liquidation Estate u/s 36 of IBC: NCLAT [Read Order]")