Tax Officers may Gain Access to your Social Media Accounts; What the Income Tax Bill 2025 says about Virtual Digital Spaces
The New Income Tax Bill 2025 was tabled in the Lok Sabha by Union Finance Minister Nirmala Sitharaman on 13 February, 2025 after widespread hue and...
![CESTAT Sets Aside Demand and Penalty, Confirms 23.03.2004 as Date of Commercial Production for EOU De-bonding [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/CESTAT-CESTAT-Kolkata-EOU-Debonding-Demand-and-Penalty-Taxscan.jpg "CESTAT Sets Aside Demand and Penalty, Confirms 23.03.2004 as Date of Commercial Production for EOU De-bonding [Read Order]")
![Section 14A Disallowance Invalid in Absence of Exempt Income: ITAT dismisses Revenue’s Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Section-14A-Absence-of-Exempt-Income-ITAT-assessment-year-Assessing-Officer-SCN-assessment-income-tax-Income-tax-news-ITAT-news-Taxscan.jpg "Section 14A Disallowance Invalid in Absence of Exempt Income: ITAT dismisses Revenue’s Appeal [Read Order]")
![Income Tax Dept. Cannot Reopen Old Assessments Using Future Amendment Banning Goodwill Depreciation: Gujarat HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Income-Tax-Income-Tax-Department-Old-Assessments-Amendment-Banning-Goodwill-Depreciation-Gujarat-HC-taxscan.jpg "Income Tax Dept. Cannot Reopen Old Assessments Using Future Amendment Banning Goodwill Depreciation: Gujarat HC [Read Order]")
![Stock Transfers Not Barred from Cenvat Credit Under Rule 9(1)(b): CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Stock-Transfers-Cenvat-Credit-Cenvat-Credit-Under-Rule-91b-CESTAT-Not-Barred-from-Cenvat-Credit-Stock-Transfers-Not-Barred-taxscan.jpg "Stock Transfers Not Barred from Cenvat Credit Under Rule 9(1)(b): CESTAT [Read Order]")
Finance Ministry Updates Customs Tariff Values for Palm Oil, Soya Bean Oil, Gold, Silver, and Areca Nuts [Read Notification]
The Central Board of Indirect Taxes and Customs (CBIC) under the Ministry of Finance issued Notification No. 10/2025-Customs (N.T.) dated February 14, 2025, revising the tariff values for imported...
AO must issue Speaking Orders Against Assessee's Written Objections: Calcutta HC Upholds ITAT Order [Read Order]
The Calcutta High Court recently affirmed an ITAT ruling that removed an assessee's income addition of more than ₹4 crore made in a reassessment proceeding under the Income Tax Act, 1961. The...
![AO must issue Speaking Orders Against Assessees Written Objections: Calcutta HC Upholds ITAT Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Speaking-Orders-AO-must-issue-Speaking-Orders-Calcutta-HC-Calcutta-HC-Upholds-ITAT-Order-ITAT-Order-ITAT-taxscan.jpg "AO must issue Speaking Orders Against Assessees Written Objections: Calcutta HC Upholds ITAT Order [Read Order]")
BCCI's Plea for Settlement & Withdrawal of CIRP Against Byju's Within One Week: NCLAT directs NCLT to Decide [Read Order]
The Chennai bench of the National Company Law Appellate Tribunal (NCLAT), have directed the National Company Law Tribunal (NCLT) to decide the application filed by Board of Control for Cricket in...
![BCCIs Plea for Settlement & Withdrawal of CIRP Against Byjus Within One Week: NCLAT directs NCLT to Decide [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Byjus.jpg "BCCIs Plea for Settlement & Withdrawal of CIRP Against Byjus Within One Week: NCLAT directs NCLT to Decide [Read Order]")
Cash Deposits during Demonetization as Duly Explained: ITAT Deletes Rs. 15 Lakh addition u/s 69A [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) deleted the addition of Rs. 15 lakhs made under Section 69A of the Income Tax Act as the cash deposits that were made by the assessee...
![Cash Deposits during Demonetization as Duly Explained: ITAT Deletes Rs. 15 Lakh addition u/s 69A [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Cash-Deposits-during-Demonetization.jpg "Cash Deposits during Demonetization as Duly Explained: ITAT Deletes Rs. 15 Lakh addition u/s 69A [Read Order]")
CBIC issues Clarifications on GST Rates for Pepper, Raisins, Popcorn, AAC Blocks, and SUVs [Read Circular]
The Central Board of Indirect Taxes and Customs (CBIC) issued an important clarification on the Goods and Services Tax (GST) rates and classification for several products, including pepper, raisins,...
![CBIC issues Clarifications on GST Rates for Pepper, Raisins, Popcorn, AAC Blocks, and SUVs [Read Circular]](https://www.taxscan.in/wp-content/uploads/2025/02/CBIC-CBIC-Issues-Clarifications-on-GST-Rates-GST-Rates-GST-GST-Rate-for-Raisins-GST-Rate-for-Popcorn-GST-Rates-for-AAC-Blocks-GST-Rates-for-SUVs-taxscan.jpg "CBIC issues Clarifications on GST Rates for Pepper, Raisins, Popcorn, AAC Blocks, and SUVs [Read Circular]")
