ED has no Power to Arrest when Special Court takes Cognizance under PMLA: Patna HC [Read Order]
The Patna High Court has held that the Enforcement Directorate ( ED ) loses the power to arrest when special court takes cognizance under Prevention...
![GST Dept fails to consider some Payments made while Passing Adjudication Order passed u/s 74Â of GST Act: Orissa HC sets aside Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/GST-section-74-of-GST-Act-payments-taxscan.jpg "GST Dept fails to consider some Payments made while Passing Adjudication Order passed u/s 74Â of GST Act: Orissa HC sets aside Order [Read Order]")
Centre Reduces Customs Duty on Bourbon Whiskey to 50%, keeps other Alcoholic Beverages at 100% [Read Notification]
The Ministry of Finance ( Department of Revenue ) issued Notification No. 14/2025-Customs, dated February 13, 2025, announcing a revision in customs duty rates for alcoholic beverages. The...
![Centre Reduces Customs Duty on Bourbon Whiskey to 50%, keeps other Alcoholic Beverages at 100% [Read Notification]](https://www.taxscan.in/wp-content/uploads/2025/02/Customs-Duty-Bourbon-Whiskey-Alcoholic-Beverages-taxscan.jpg "Centre Reduces Customs Duty on Bourbon Whiskey to 50%, keeps other Alcoholic Beverages at 100% [Read Notification]")
No Penalty Exception u/s 271AAA(2) if Undisclosed Income is Declared only during Assessment Proceedings: Supreme Court [Read Judgement]
The Supreme Court of India recently affirmed that the exception to penalty encompassed under Section 271AAA(2) of the Income Tax Act, 1961 shall be applicable if the Assessee has declared the...
![No Penalty Exception u/s 271AAA(2) if Undisclosed Income is Declared only during Assessment Proceedings: Supreme Court [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2025/02/Assessment-Proceedings.jpg "No Penalty Exception u/s 271AAA(2) if Undisclosed Income is Declared only during Assessment Proceedings: Supreme Court [Read Judgement]")
ITAT sets aside PCIT’s Section 263 Order, Holds Bank of Maharashtra’s ₹1137 Crore Deduction for Bad and Doubtful Debts [Read Order]
The Pune bench of the Income Tax Appellate Tribunal (ITAT) has set aside the Principal Commissioner of Income Tax (PCIT) revision order under Section 263 of the Income Tax Act, 1961, in the case of...
![ITAT sets aside PCIT’s Section 263 Order, Holds Bank of Maharashtra’s ₹1137 Crore Deduction for Bad and Doubtful Debts [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Set-PCIT-PCITs-Section-263-Bank-of-Maharashtra-Deduction-for-Bad-and-Doubtful-Debts-Doubtful-Debts-Debts-taxscan.jpg "ITAT sets aside PCIT’s Section 263 Order, Holds Bank of Maharashtra’s ₹1137 Crore Deduction for Bad and Doubtful Debts [Read Order]")
Unlocking GST: Understanding the E-Way Bill Requirement for Imported Goods [Find Draft Reply Format Here]
GST is a destination-based tax on the consumption of goods and services. The Goods and Service Tax ( GST ) regime, introduced in 2017, has brought a revelation in the indirect tax system employed in...
![Unlocking GST: Understanding the E-Way Bill Requirement for Imported Goods [Find Draft Reply Format Here]](https://www.taxscan.in/wp-content/uploads/2025/02/Unlocking-GST-Understanding-E-Way-Bill-Requirement-Imported-Goods-taxscan.jpg "Unlocking GST: Understanding the E-Way Bill Requirement for Imported Goods [Find Draft Reply Format Here]")
When There is no Revenue Loss, Liberal View Needs to be Taken: CESTAT quashes Excise Duty Demand [Read Order]
The Chennai Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) quashed the excise duty demand, ruling that when there is no revenue loss, a liberal view must be taken. ...
![When There is no Revenue Loss, Liberal View Needs to be Taken: CESTAT quashes Excise Duty Demand [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Revenue-Loss-Liberal-View-Needs-Liberal-View-Needs-to-Be-Taken-CESTAT-CESTAT-Quashes-Excise-Duty-Demand-Excise-Duty-taxscan-.jpg "When There is no Revenue Loss, Liberal View Needs to be Taken: CESTAT quashes Excise Duty Demand [Read Order]")
![Penalty u/s 270A for Under-Reported Income: ITAT Restores Matter to CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Ahmedabad-Income-Tax-Appellate-Tribunal-Section-270A-of-Income-Tax-Act-TAXSCAN.jpg "Penalty u/s 270A for Under-Reported Income: ITAT Restores Matter to CIT(A) [Read Order]")