![CESTAT: Work Rolls are Capital Goods & Eligible for Full SHIS Scrip Utilization for Import [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/CESTAT-ruling-SHIS-scrip-utilization-Capital-goods-India-taxscan.jpg "CESTAT: Work Rolls are Capital Goods & Eligible for Full SHIS Scrip Utilization for Import [Read Order]")
CESTAT: Work Rolls are Capital Goods & Eligible for Full SHIS Scrip Utilization for Import [Read Order]
The Kolkata Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) held that work rolls imported by the assessee qualify as...
![₹26.35 Lakh Addition on Cash Deposits during Demonetization: ITAT Orders Deletion [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-ITAT-Delhi-Cash-Deposits-during-Demonetization-TAXSCAN-1.jpg "₹26.35 Lakh Addition on Cash Deposits during Demonetization: ITAT Orders Deletion [Read Order]")
![Reassessment Initiated on Incorrect Jurisdiction and Mechanical Approval: ITAT quashes Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Reassessment-quashed-Section-147-ITA-Incorrect-jurisdiction-taxscan.jpg "Reassessment Initiated on Incorrect Jurisdiction and Mechanical Approval: ITAT quashes Proceedings [Read Order]")
![Gurugram Court Grants Bail in Rs. 7.13 Crore GST ITC Fraud Case as Alleged Individual Gains Fall Below Rs. 5 Crore Threshold [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Gurugram-Court-GST-ITC-GST-ITC-Fraud-Case-TAXSCAN.jpg "Gurugram Court Grants Bail in Rs. 7.13 Crore GST ITC Fraud Case as Alleged Individual Gains Fall Below Rs. 5 Crore Threshold [Read Order]")
![DGFT Amends ANF-4J: New Declarations Introduced for Diamond Imprest Authorisation [Read Notification]](https://www.taxscan.in/wp-content/uploads/2025/03/Diamond-Imprest.jpg "DGFT Amends ANF-4J: New Declarations Introduced for Diamond Imprest Authorisation [Read Notification]")
ITAT aside addition of Rs. 26,18,834 & accepts assessee’s Joint Agricultural Income Claim [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) has set aside an addition of Rs. 26,18,834 made by the assessing officer (AO) noting that agricultural income was jointly earned by...
![ITAT aside addition of Rs. 26,18,834 & accepts assessee’s Joint Agricultural Income Claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Agricultural-Income-ITAT-Ahmedabad-ITAT-aside-addition-taxscan.jpg "ITAT aside addition of Rs. 26,18,834 & accepts assessee’s Joint Agricultural Income Claim [Read Order]")
Unexplained Investment Addition Over Co-Owner's Creditworthiness: ITAT Deletes It After Reassessment [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) deleted the unexplained investment addition of ₹33,92,975 after reassessment, holding that the co-owner's creditworthiness was accepted in her...
![Unexplained Investment Addition Over Co-Owners Creditworthiness: ITAT Deletes It After Reassessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Unexplained-Investment-Unexplained-Investment-Addition-Co-Owners-Creditworthiness-Creditworthiness-ITAT-ITAT-Deletes-It-After-Reassessment-taxscan.jpg "Unexplained Investment Addition Over Co-Owners Creditworthiness: ITAT Deletes It After Reassessment [Read Order]")
CBDT Updates Form 3CD: New Disclosure Rules for MSME Payments, Share Buybacks, and Loans [Read Notification]
The Ministry of Finance, through the Central Board of Direct Taxes (CBDT), has issued Notification No. 23/2025 dated 28th March 2025, announcing the Income-tax (Eighth Amendment) Rules, 2025. The...
![CBDT Updates Form 3CD: New Disclosure Rules for MSME Payments, Share Buybacks, and Loans [Read Notification]](https://www.taxscan.in/wp-content/uploads/2025/03/CBDT-Form-3CD-CBDT-Updates-Form-3CD-New-Rules-for-MSME-Payments-TAXSCAN.jpg "CBDT Updates Form 3CD: New Disclosure Rules for MSME Payments, Share Buybacks, and Loans [Read Notification]")
Interest Income from Cooperative Banks Eligible for Deduction u/s 80P(2)(d): ITAT allows deduction of Rs. 35 lakhs [Read Order]
The Pune bench of the Income Tax Appellate Tribunal ( ITAT ) held that the interest income that is derived from the cooperative banks is eligible for deduction under Section 80P(2) of the Income Tax...
![Interest Income from Cooperative Banks Eligible for Deduction u/s 80P(2)(d): ITAT allows deduction of Rs. 35 lakhs [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Interest-Income-Deduction-Cooperative-Banks-taxscan.jpg "Interest Income from Cooperative Banks Eligible for Deduction u/s 80P(2)(d): ITAT allows deduction of Rs. 35 lakhs [Read Order]")
Major Relief for Taxpayers: CBDT Waives Interest on TDS/TCS Delays due to Technical Glitches [Read Circular]
The Ministry of Finance, through the Central Board of Direct Taxes (CBDT) issued Circular No. 5/2025 dated March 28, 2025, announcing that interest charges under sections 201(1A)(ii) and 206C(7) of...
![Major Relief for Taxpayers: CBDT Waives Interest on TDS/TCS Delays due to Technical Glitches [Read Circular]](https://www.taxscan.in/wp-content/uploads/2025/03/CBDT-CBDT-waives-interest-on-TDS-delays-TDS-taxscan.jpg "Major Relief for Taxpayers: CBDT Waives Interest on TDS/TCS Delays due to Technical Glitches [Read Circular]")
Dual GST Orders for Same Period on Different Grounds: Gujarat High Court Stays Recovery [Read Order]
In a recent order, the Gujarat High Court stayed coercive recovery proceedings due to two separate assessment orders passed for the same tax period on different grounds. D M Jewellers filed a writ...
![Dual GST Orders for Same Period on Different Grounds: Gujarat High Court Stays Recovery [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/gujarat-hc.jpg "Dual GST Orders for Same Period on Different Grounds: Gujarat High Court Stays Recovery [Read Order]")