![Customs Authorities Fail to Detail Contemporaneous Import Data for Increased CD to Company: CESTAT Remands Matter for Fair Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/CESTAT-CESTAT-Mumbai-Customs-Excise-Service-Tax-Appellate-Tribunal-Import-duty-TAXSCAN.jpg "Customs Authorities Fail to Detail Contemporaneous Import Data for Increased CD to Company: CESTAT Remands Matter for Fair Assessment [Read Order]")
Customs Authorities Fail to Detail Contemporaneous Import Data for Increased CD to Company: CESTAT Remands Matter for Fair Assessment [Read Order]
The Mumbai Bench of the Customs, Excise, and Service Tax Appellate Tribunal ( CESTAT ) remanded the matter for fair assessment because customs...
![ITAT Quashes Penalty under Section 271(1)(c), Directs AO to Reconsider Quantum Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Quashes-Penalty-ITAT-Quashes-Penalty-Quantum-Addition-Directs-AO-Reconsider-Quantum-Addition-ITAT-Quashes-Penalty-Under-Section-2711c-taxscan.jpg "ITAT Quashes Penalty under Section 271(1)(c), Directs AO to Reconsider Quantum Addition [Read Order]")
![Big Update: CBIC extends GSTR-1 Filing Due Date Amid GST Portal Issues [Read Notification]](https://www.taxscan.in/wp-content/uploads/2025/01/CBIC-GSTR-1-due-date-extension-GSTR-1-Filing-Due-Date-GST-Portal-taxscan.jpg "Big Update: CBIC extends GSTR-1 Filing Due Date Amid GST Portal Issues [Read Notification]")
ED unearths 10,000 Crore International Black Money Operation Run by CAs and Hawala Operators using 98 Shell Companies
The Enforcement Directorate ( ED ) has recently busted an international web of black money laundering, involving an amount to the tune of ₹10,000 Crore. The operations had been facilitated by...
Relief to Shri Sai Baba Sansthan Trust: Bombay HC halts Reopening Income Tax Assessment of A.Y. 2014-15 [Read Order]
The Bombay High Court granted relief to the The Shri Saibaba Sansthan Trust - Shirdi (Saibaba Trust), preventing the Revenue from reopening the assessment of the Trust for the Assessment Year (A.Y.) ...
![Relief to Shri Sai Baba Sansthan Trust: Bombay HC halts Reopening Income Tax Assessment of A.Y. 2014-15 [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Shri-Sai-Baba-Sansthan-Trust-Relief-to-Shri-Sai-Baba-Sansthan-Trust-Bombay-HC-Bombay-HC-halts-Reopening-Income-Tax-taxscan.jpg "Relief to Shri Sai Baba Sansthan Trust: Bombay HC halts Reopening Income Tax Assessment of A.Y. 2014-15 [Read Order]")
CIT(E) Rejects S. 12AB Claim Citing Related Party Transactions Without Considering Society's Replies: ITAT Remands Matter for Proper Hearing [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) remanded the matter concerning the rejection of a society’s application for registration under Section 12AB of the Income Tax Act, 1961...
![CIT(E) Rejects S. 12AB Claim Citing Related Party Transactions Without Considering Societys Replies: ITAT Remands Matter for Proper Hearing [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/CIT-ITAT-ITAT-Remands-Matter-ITAT-Remands-Matter-for-Proper-Hearing-under-Section-12AB-of-the-Income-Tax-Act-Income-tax-Income-tax-news-reassessment-Taxscan.jpg "CIT(E) Rejects S. 12AB Claim Citing Related Party Transactions Without Considering Societys Replies: ITAT Remands Matter for Proper Hearing [Read Order]")
Unilateral Revocation of Guarantee does not Discharge Guarantor from his Obligations in absence of Acceptance by Creditor: NCLAT rules in favour of SBI [Read Order]
The National Company Law Appellate Tribunal (NCLAT) of the New Delhi bench ruled in favor of SBI, holding that when the Financial Creditor has not consented to the revocation, respondent No. 1's...
Manufacturers can Claim CENVAT Credit for Capital Goods used in Exempt Intermediate Products made for Dutiable Final Goods: CESTAT [Read Order]
The Chennai Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) ruled that manufacturers are entitled to claim CENVAT Credit on capital goods used in the production of exempt...
![Manufacturers can Claim CENVAT Credit for Capital Goods used in Exempt Intermediate Products made for Dutiable Final Goods: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/CESTAT-Chennai-CESTAT-News-CENVAT-Credit-Taxscan.jpg "Manufacturers can Claim CENVAT Credit for Capital Goods used in Exempt Intermediate Products made for Dutiable Final Goods: CESTAT [Read Order]")
![GST Not Demandable in absence of any supply of goods/services: Kerala HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Kerala-HC-Kerala-High-Court-GST-Not-Demandable-supply-of-goods-and-services-Demandable-in-absence-CGST-Act-2017-taxscan.jpg "GST Not Demandable in absence of any supply of goods/services: Kerala HC [Read Order]")