![ITAT Quashes PCIT’s Revision Order on Alleged Bogus Purchases Citing AO’s Plausible View Backed by ITO Report and VAT Returns [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Quashes-PCITs-PCITs-Revision-Order-Revision-Order-Bogus-Purchases-AOs-Plausible-View-ITO-Report-VAT-Returns-taxscan.jpg "ITAT Quashes PCIT’s Revision Order on Alleged Bogus Purchases Citing AO’s Plausible View Backed by ITO Report and VAT Returns [Read Order]")
ITAT Quashes PCIT’s Revision Order on Alleged Bogus Purchases Citing AO’s Plausible View Backed by ITO Report and VAT Returns [Read Order]
Ajay Kalishchandra Bohra (assessee) is a proprietary concern of M/s Ashutosh Industries. The assessee’s case was reopened on the basis of ITO...
![Service Tax SCN turns Invalid if Assessee Paid Tax Liability Along with Interest before issuance of SCN: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/CESTAT-Ahmedabad-GST-GST-turns-SCN-under-GST-Taxscan.jpg "Service Tax SCN turns Invalid if Assessee Paid Tax Liability Along with Interest before issuance of SCN: CESTAT [Read Order]")
![Authorised Signatories/Employees of Company not liable to GST Penalty u/s 122(1-A) and 137: Supreme Court in Maersk GST Fraud Case [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2025/01/Supreme-Court-Supreme-Court-of-India-Goods-and-Services-Tax-GST-Penalty-Section-1221-A-taxscan-1.jpg "Authorised Signatories/Employees of Company not liable to GST Penalty u/s 122(1-A) and 137: Supreme Court in Maersk GST Fraud Case [Read Judgement]")
![Claims u/s 11E of Central Excise Act does not Amount to Secured Debt: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Central-Excise-Act-NCLAT-New-Delhi-National-Company-Law-Appellate-Tribunal-NCLAT-IBC-operational-debt-NCLTs-resolution-plan-Reliance-Taxscan.jpg "Claims u/s 11E of Central Excise Act does not Amount to Secured Debt: NCLAT [Read Order]")
![[BREAKING] Introduction of E-Way Bill (EWB) for Gold in Kerala State; GSTN issues Advisory](https://www.taxscan.in/wp-content/uploads/2025/01/E-Way-Bill-GSTN-Goods-and-Services-Tax-Network-E-Way-Bill-for-Gold-in-Kerala-TAXSCAN.jpg "[BREAKING] Introduction of E-Way Bill (EWB) for Gold in Kerala State; GSTN issues Advisory")
Relief to Axis Bank: CESTAT Allows CENVAT Credit on Tax Paid on Premium Mandatorily Required for Functioning as Bank [Read Order]
The Mumbai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has granted Axis Bank CENVAT Credit on taxes paid on premiums that are necessary for banks to operate. M/s Axis...
![Relief to Axis Bank: CESTAT Allows CENVAT Credit on Tax Paid on Premium Mandatorily Required for Functioning as Bank [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Axis-Bank-Insurance-Premium-Mandatory-Compliance-Regulatory-Requirement-Banking-Operations-Input-Services-Nexus-with-Output-Services-Judicial-Precedent-Financial-Institutions-CESTAT-Mumbai-taxscan.jpg "Relief to Axis Bank: CESTAT Allows CENVAT Credit on Tax Paid on Premium Mandatorily Required for Functioning as Bank [Read Order]")
Appeal Delayed Beyond 15 Days Not Condonable as Per Proviso of Section 61(2) of IBC: NCLAT refuses to Condone 19 Days Delay by Kotak Mahindra [Read Order]
In a recent ruling , the New Delhi bench of the National Company Law Appellate Tribunal (NCLAT) has held that delay in filing an appeal beyond 15 days as per section 61(2) proviso of the Insolvency...
![Appeal Delayed Beyond 15 Days Not Condonable as Per Proviso of Section 61(2) of IBC: NCLAT refuses to Condone 19 Days Delay by Kotak Mahindra [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Appeal-Delayed-Condonable-as-Per-Proviso-Per-Proviso-Section-612-of-IBC-IBC-NCLAT-NCLAT-refuses-NCLAT-refuses-to-Condone-Kotak-Mahindra-taxscan.jpg "Appeal Delayed Beyond 15 Days Not Condonable as Per Proviso of Section 61(2) of IBC: NCLAT refuses to Condone 19 Days Delay by Kotak Mahindra [Read Order]")
![ITAT Dismisses Appeals as Withdrawn Under Direct Tax Vivad se Vishwas Scheme [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Delhi-Income-Tax-News-Appeals-Dismissed-by-ITAT-Taxscan.jpg "ITAT Dismisses Appeals as Withdrawn Under Direct Tax Vivad se Vishwas Scheme [Read Order]")
No Service Tax Payable by Standard Chartered Bank India on Allocation of General Administrative Expenses by Head Office: CESTAT [Read Order]
The Mumbai Bench of Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that service tax is not payable by Standard Chartered Bank India on allocation of head office executive and...
![No Service Tax Payable by Standard Chartered Bank India on Allocation of General Administrative Expenses by Head Office: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/cestat-cestat-mumbai-Standard-Chartered-Bank-India-Taxscan.jpg "No Service Tax Payable by Standard Chartered Bank India on Allocation of General Administrative Expenses by Head Office: CESTAT [Read Order]")
