![Delay in Finalizing Gold Jewellery Import Assessment: Delhi HC Directs Release of Bank Guarantee with Interest [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Delhi-High-Court-Gold-Jewellery-import-Gold-jewellery-import-assessment-delay-TAXSCAN.jpg "Delay in Finalizing Gold Jewellery Import Assessment: Delhi HC Directs Release of Bank Guarantee with Interest [Read Order]")
Delay in Finalizing Gold Jewellery Import Assessment: Delhi HC Directs Release of Bank Guarantee with Interest [Read Order]
The High Court of Delhi directed the release of the Bank Guarantee with interest due to an unjustified delay in finalizing the provisional assessment...
![₹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.jpg "₹26.35 Lakh Addition on Cash Deposits during Demonetization: ITAT Orders Deletion [Read Order]")
![Disallowance of ₹5.11 Crore Forex Loss on ECB Settlement: ITAT Restores Matter to AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-ITAT-Kolkata-Disallowance-of-Forex-Loss-TAXSCAN.jpg "Disallowance of ₹5.11 Crore Forex Loss on ECB Settlement: ITAT Restores Matter to AO [Read Order]")
![Data from NIDB cannot be Basis for Enhancement of Value under Customs Act: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Data-from-NIDB-NIDB-Basis-for-Enhancement-Enhancement-of-Value-under-Customs-Act-Customs-Act-CESTAT-taxscan.jpg "Data from NIDB cannot be Basis for Enhancement of Value under Customs Act: CESTAT [Read Order]")
![TPO’s Rejection of CUP Analysis Despite DRP Directions: ITAT Deletes Transfer Pricing Adjustment [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-ITAT-Kolkata-TPO-Transfer-pricing-officer-Income-tax-news-TAXSCAN.jpg "TPO’s Rejection of CUP Analysis Despite DRP Directions: ITAT Deletes Transfer Pricing Adjustment [Read Order]")
ITAT deletes Addition for Intra-Group Services, Citing Consistency with Earlier Rulings [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) ruled in favor of the assessee deleting the addition for intra-group services. It cited the consistency with earlier rulings, particularly...
![ITAT deletes Addition for Intra-Group Services, Citing Consistency with Earlier Rulings [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Intra-Group-Services.jpg "ITAT deletes Addition for Intra-Group Services, Citing Consistency with Earlier Rulings [Read Order]")
![Incorrect Deduction in Leave Encashment Disallowance: ITAT Remands Matter to AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Incorrect-Deduction-Leave-Encashment-Disallowance-ITAT-ITAT-Remands-Matter-Remands-Matter-taxscan.jpg "Incorrect Deduction in Leave Encashment Disallowance: ITAT Remands Matter to AO [Read Order]")
Do you Run a Partnership Firm? Know the Key Income Tax Changes Effective from the 1st of April, 2025
Starting April 1, 2025, partnership firms, including Limited Liability Partnerships (LLPs), will have to comply with two significant income tax changes brought in by the Finance (No. 2) Act, 2024....
![GST: Timeline for Issuing SCN u/s 73(2) is Mandatory, says Andhra Pradesh HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/GST-Timeline-for-Issuing-SCN-SCN-Section-732-SCN-SCN-Section-732-is-Mandatory-Mandatory-Andhra-Pradesh-HC-taxscan.jpg "GST: Timeline for Issuing SCN u/s 73(2) is Mandatory, says Andhra Pradesh HC [Read Order]")
Establishment of Fake or Fabricated Invoice Not necessary to reject Transaction value u/r 12 of Customs Valuation Rules: CESTAT [Read Order]
The New Delhi Bench of Customs, Excise, and Service Tax Appellate Tribunal ( CESTAT ) has stated that the transaction value is not the only basis for assessment of the duty. It is sufficient if the...
![Establishment of Fake or Fabricated Invoice Not necessary to reject Transaction value u/r 12 of Customs Valuation Rules: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/CESTAT-Transaction-value-Fabricated-invoice-taxscan.jpg "Establishment of Fake or Fabricated Invoice Not necessary to reject Transaction value u/r 12 of Customs Valuation Rules: CESTAT [Read Order]")
NFRA Auditor-Audit Committee Interaction Series Pushes for Enhanced Communication between Auditors and TCWG
The National Financial Reporting Authority (NFRA) has released the second part of its Auditor-Audit Committee Interactions Series 1, focusing on enhancing communication between statutory auditors and...
![Application u/s 95 of IBC can be Filed by Beneficiaries of Personal Guarantee: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Personal-Guarantee.jpg "Application u/s 95 of IBC can be Filed by Beneficiaries of Personal Guarantee: NCLAT [Read Order]")