![Jewellery of Iran National Confiscated by Customs Dept 3 Yrs Ago: Delhi HC directs to Release Goods [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Iran-Jewellery-seized.jpg "Jewellery of Iran National Confiscated by Customs Dept 3 Yrs Ago: Delhi HC directs to Release Goods [Read Order]")
Jewellery of Iran National Confiscated by Customs Dept 3 Yrs Ago: Delhi HC directs to Release Goods [Read Order]
The Delhi High Court directed the Customs Department to release the silver-coated gold chains of an Iranian national, which were confiscated on his...
![Delhi HC sustains ₹1L Customs Fine and Penalty on Uzbek National for Improperly Importing 112 Gms Gold through Delhi Airport [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Delhi-gold-case.jpg "Delhi HC sustains ₹1L Customs Fine and Penalty on Uzbek National for Improperly Importing 112 Gms Gold through Delhi Airport [Read Order]")
![NCLAT Orders Probe into Functioning of NCLT Chennai after Noting Implausible Adjudication of Unlisted Matter from 2022 [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/NCLAT-NCAT-Chennai-NCLAT-orders-probe-on-NCLT-ruling-TAXSCAN.jpg "NCLAT Orders Probe into Functioning of NCLT Chennai after Noting Implausible Adjudication of Unlisted Matter from 2022 [Read Order]")
![Approved Resolution Plan Cannot be Reopened based on Belatedly agitated Claims: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Approved-Resolution-Plan-Reopened-Belatedly-Claims-NCLAT-TAXSCAN.jpg "Approved Resolution Plan Cannot be Reopened based on Belatedly agitated Claims: NCLAT [Read Order]")
Existence of Financial Debt and Corresponding Default is a Sine Qua Non for Initiating Proceedings u/s 7 of IBC: NCLAT [Read Order]
The National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, upheld the adjudicating authority's ruling and dismissed a Section 7 petition under the Insolvency Bankruptcy Code...
![Existence of Financial Debt and Corresponding Default is a Sine Qua Non for Initiating Proceedings u/s 7 of IBC: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Existence-of-Financial-Debt-Corresponding-Proceedings-us-7-of-IBC-NCLAT-TAXSCAN.jpg "Existence of Financial Debt and Corresponding Default is a Sine Qua Non for Initiating Proceedings u/s 7 of IBC: NCLAT [Read Order]")
S. 12A Amendments on Timely Filing Apply from AY 2018-19, Not Retroactively: ITAT Allows Society’s Exemption [Read Order]
The Nagpur Bench of the Income Tax Appellate Tribunal (ITAT) ruled that amendments to Section 12A of the Income Tax Act, 1961 concerning the timely filing of returns and audit reports apply...
![S. 12A Amendments on Timely Filing Apply from AY 2018-19, Not Retroactively: ITAT Allows Society’s Exemption [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Income-tax-exemption-for-societies.jpg "S. 12A Amendments on Timely Filing Apply from AY 2018-19, Not Retroactively: ITAT Allows Society’s Exemption [Read Order]")
Misdeclaration of Quantity and Value in MACE Grade III Import: CESTAT sets aside Re-determined Value and Penalties [Read Order]
The Chennai Bench of Customs, Excise, and Service Tax Appellate Tribunal (CESTAT)set aside the re-determined value, fine, and penalties in a case involving the alleged misdeclaration of quantity and...
![Misdeclaration of Quantity and Value in MACE Grade III Import: CESTAT sets aside Re-determined Value and Penalties [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/CESTAT-CESTAT-Chennai-MACE-Grade-III-Import-Misdeclaration-TAXSCAN.jpg "Misdeclaration of Quantity and Value in MACE Grade III Import: CESTAT sets aside Re-determined Value and Penalties [Read Order]")
![GST Notices uploaded in Wrong Tab on Portal: Allahabad HC quashes Tax Demand [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/gst-notice.jpg "GST Notices uploaded in Wrong Tab on Portal: Allahabad HC quashes Tax Demand [Read Order]")
Retracted Statement not Incriminating Material u/s 153A: Gauhati HC quashes ₹4.23 Cr Addition [Read Order]Â
In a recent ruling, the Gauhati High Court held that a retracted statement alone cannot be treated as incriminating evidence under Section 153A of the Income Tax Act and quashed the Rs....
![Retracted Statement not Incriminating Material u/s 153A: Gauhati HC quashes ₹4.23 Cr Addition [Read Order]Â](https://www.taxscan.in/wp-content/uploads/2025/03/Gauhati-High-Court.jpg "Retracted Statement not Incriminating Material u/s 153A: Gauhati HC quashes ₹4.23 Cr Addition [Read Order]Â")
Taxation of AOP: ITAT Allows Normal Tax Rates for Charitable Trust, Sets Aside CIT(A)’s Order [Read Order]
The Pune Bench of Income Tax Appellate Tribunal ( ITAT ) ruled that a charitable trust, classified as an Association of Persons ( AOP ), should be taxed at normal rates instead of the maximum...
![Taxation of AOP: ITAT Allows Normal Tax Rates for Charitable Trust, Sets Aside CIT(A)’s Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Taxation-of-AOP-Normal-Tax-Rates-Charitable-Trust-taxscan.jpg "Taxation of AOP: ITAT Allows Normal Tax Rates for Charitable Trust, Sets Aside CIT(A)’s Order [Read Order]")