![CESTAT Allows Kotak Mahindra to Avail Cenvat Credit on Insurance Premium Paid [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/CESTAT-Kotak-Mahindra-Avail-Cenvat-Credit-Kotak-Mahindra-to-Avail-Cenvat-Credit-Cenvat-Credit-Cenvat-Credit-on-Insurance-Premium-Paid-taxscan.jpg "CESTAT Allows Kotak Mahindra to Avail Cenvat Credit on Insurance Premium Paid [Read Order]")
CESTAT Allows Kotak Mahindra to Avail Cenvat Credit on Insurance Premium Paid [Read Order]
 In a recent case, the Mumbai bench of Customs, Excise & Service Tax Appellate Tribunal (CESTAT) allowed the Kotak Mahindra to avail cenvat...
![Havells India wins: CESTAT Classifies MCPCBs as LED Components, Not Independent Lighting Fixtures [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Havells-LED-Components-Lighting-Fixtures-taxscan.jpg "Havells India wins: CESTAT Classifies MCPCBs as LED Components, Not Independent Lighting Fixtures [Read Order]")
![CBDT Cannot Impose Limitation Period for Compounding through Guidelines when Income Tax Act does not Prescribe One: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/CBDT-compounding-guidelines-Bombay-high-court.jpg "CBDT Cannot Impose Limitation Period for Compounding through Guidelines when Income Tax Act does not Prescribe One: Bombay HC [Read Order]")
No Bank Statements to Prove Transactions: Bombay HC orders Full Disallowance of Bogus Purchases u/s 69C [Read Order]
In a recent ruling, the Bombay High Court ordered the full disallowance of bogus purchases under Section 69C of the Income Tax Act, citing the absence of bank statements to verify transactions. ...
![No Bank Statements to Prove Transactions: Bombay HC orders Full Disallowance of Bogus Purchases u/s 69C [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Bank-Statements-Bank-Statements-to-Prove-Transactions-Bombay-HC-Bombay-HC-order-Disallowance-of-Bogus-Purchases-Bogus-Purchases-taxscan.jpg "No Bank Statements to Prove Transactions: Bombay HC orders Full Disallowance of Bogus Purchases u/s 69C [Read Order]")
SIB Staff Credit Society Wins Appeal: ITAT Directs CIT(A) to Reconsider Deduction Claim u/s 80P [Read Order]
The Income Tax Appellate Tribunal (ITAT) Cochin Bench has ruled in favor of assessee by directing the Commissioner of Income Tax (Appeals) CIT(A) to reconsider the deduction claim under Section 80P...
![SIB Staff Credit Society Wins Appeal: ITAT Directs CIT(A) to Reconsider Deduction Claim u/s 80P [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/SIB-SIB-Staff-Credit-Society-Credit-Society-Wins-Appeal-ITAT-ITAT-Directs-CITA-CITA-to-Reconsider-Deduction-Claim-Deduction-Claim-taxscan.jpg "SIB Staff Credit Society Wins Appeal: ITAT Directs CIT(A) to Reconsider Deduction Claim u/s 80P [Read Order]")
Telecom towers & PBFs are 'goods' & qualify as Inputs under Rule 2(k): CESTAT allows Vodafone Idea to avail CENVAT Credit [Read Order]
The Allahabad bench of the Customs, Excise, and Service Tax Appellate Tribunal ( CESTAT ) allowed Vodafone Idea to avail CENVAT credit on telecom towers and prefabricated buildings (PFBs) as the...
![Telecom towers & PBFs are goods & qualify as Inputs under Rule 2(k): CESTAT allows Vodafone Idea to avail CENVAT Credit [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Telecom-towers-PBFs-goods-qualify-Inputs-under-Rule-CESTAT-Vodafone-Idea-CENVAT-Credit-taxscan.jpg "Telecom towers & PBFs are goods & qualify as Inputs under Rule 2(k): CESTAT allows Vodafone Idea to avail CENVAT Credit [Read Order]")
Telecom Towers and Shelters Qualify as Capital Goods, Vodafone Idea Entitled to CENVAT Credit: CESTAT [Read Order]
The Allahabad bench of the Customs, Excise, and Service Tax Appellate Tribunal ( CESTAT ) held that telecom towers and shelters qualify as capital goods and observed that Vodafone Idea was entitled...
![Telecom Towers and Shelters Qualify as Capital Goods, Vodafone Idea Entitled to CENVAT Credit: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Capital-Goods-CENVAT-Credit-Vodafone-Idea-taxscan.jpg "Telecom Towers and Shelters Qualify as Capital Goods, Vodafone Idea Entitled to CENVAT Credit: CESTAT [Read Order]")
ITAT Ahmedabad upholds Classification of Interest Income from Employee Loans as Business Income [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has delivered a noteworthy decision, affirming the classification of interest income from employee loans as "business income." In a...
![ITAT Ahmedabad upholds Classification of Interest Income from Employee Loans as Business Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-ITAT-Ahmedabad-Classification-of-Interest-Income-Interest-Income-Interest-Income-from-Employee-Loans-Employee-Loans-Employee-Loans-as-Business-Income-taxscan.jpg "ITAT Ahmedabad upholds Classification of Interest Income from Employee Loans as Business Income [Read Order]")
Income Tax Department Releases List of All Banks Enabled for E-Pay Tax Service on E-Filing Portal [Find Complete List Here]
The Income Tax Department today released an updated list of banks integrated with the e-Pay Tax service on its e-Filing portal, as a measure towards its continued efforts to streamline the tax...
![Income Tax Department Releases List of All Banks Enabled for E-Pay Tax Service on E-Filing Portal [Find Complete List Here]](https://www.taxscan.in/wp-content/uploads/2025/03/Income-Tax-Portal.jpg "Income Tax Department Releases List of All Banks Enabled for E-Pay Tax Service on E-Filing Portal [Find Complete List Here]")
CBIC Eases Pet Import Rules: Final Quarantine Clearance Now Available at Ports of Entry 24/7 [Read Circular]
The Central Board of Indirect Taxes & Customs (CBIC) under the Ministry of Finance issued Circular No. 07/2025-Customs dated March 5, 2025, announcing a streamlined process for the import of pet...
![CBIC Eases Pet Import Rules: Final Quarantine Clearance Now Available at Ports of Entry 24/7 [Read Circular]](https://www.taxscan.in/wp-content/uploads/2025/03/CBIC-Pet-Import-Rules-Ministry-of-Finance-import-of-pet-dogs-and-cats-into-India-TAXSCAN.jpg "CBIC Eases Pet Import Rules: Final Quarantine Clearance Now Available at Ports of Entry 24/7 [Read Circular]")