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![Bombay HC Denies SASF’s Prospective Tax Relief, Upholds Retrospective VAT Liability on Past Sales [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Tax-Relief-VAT-VAT-liability-taxscan.jpg "Bombay HC Denies SASF’s Prospective Tax Relief, Upholds Retrospective VAT Liability on Past Sales [Read Order]")
Bombay HC Denies SASF’s Prospective Tax Relief, Upholds Retrospective VAT Liability on Past Sales [Read Order]
In a recent ruling, the Bombay High Court denied the Stressed Assets Stabilization Fund ( SASF ) the benefit of prospective tax relief, holding it...
![Bombay HC Rules SASF is a Deemed Dealer Under MVAT Act, Liable for VAT on Movable Asset Sales [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/bombay-hc.jpg "Bombay HC Rules SASF is a Deemed Dealer Under MVAT Act, Liable for VAT on Movable Asset Sales [Read Order]")
![BUDS have No Precedence over proceedings under SARFAESI Act or IBC: Kerala HC rules in case of HDB Financial Services [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/BUDS-No-Precedence-over-proceedings-proceedings-under-SARFAESI-Act-or-IBC-SARFAESI-Act-IBC-Kerala-HC-Kerala-HC-rules-HDB-Financial-Services-taxscan.jpg "BUDS have No Precedence over proceedings under SARFAESI Act or IBC: Kerala HC rules in case of HDB Financial Services [Read Order]")
![Delhi HC quashes Order Levying TDS of 2% on Salesforce’s ₹633 Cr Revenue [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Delhi-High-Court-Delhi-High-Court-Quashes-Order-TDS-Salesforce-taxscan.jpg "Delhi HC quashes Order Levying TDS of 2% on Salesforce’s ₹633 Cr Revenue [Read Order]")
Major Relief for InterGlobe Aviation: Delhi HC exempts IGST on Re-Imported Aircraft Parts after Repairs [Read Order]
In a recent judgment, the Delhi High Court struck down the levy of Integrated Goods and Services Tax (IGST) on aircraft parts re-imported after being sent abroad for repairs, providing significant...
![Major Relief for InterGlobe Aviation: Delhi HC exempts IGST on Re-Imported Aircraft Parts after Repairs [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/InterGlobe-Aviation-updates-Delhi-High-Court-IGST-TAXSCAN-1.jpg "Major Relief for InterGlobe Aviation: Delhi HC exempts IGST on Re-Imported Aircraft Parts after Repairs [Read Order]")
![GST Cases: Rajasthan GST Department issues Guidelines for Virtual Hearings [Read Circular]](https://www.taxscan.in/wp-content/uploads/2025/03/Virtual-Hearing-taxscan.jpg "GST Cases: Rajasthan GST Department issues Guidelines for Virtual Hearings [Read Circular]")
ITAT rules Capital Gains from Trademark Sale by Johnson & Johnson as Long-Term, Stating Non-Eligibility for Depreciation u/s 50 [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal(ITAT)ruled that the capital gains from the sale of trademarks "Coldarin" and "Raricap" by Johnson & Johnson should be treated as long-term...
![ITAT rules Capital Gains from Trademark Sale by Johnson & Johnson as Long-Term, Stating Non-Eligibility for Depreciation u/s 50 [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Johnson-Johnson-1.jpg "ITAT rules Capital Gains from Trademark Sale by Johnson & Johnson as Long-Term, Stating Non-Eligibility for Depreciation u/s 50 [Read Order]")
![ITAT Weekly Round-Up [Feb 22nd-Feb 28th,2025]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-Income-tax-news-income-tax-updates-income-tax-TAXSCAN.jpg "ITAT Weekly Round-Up [Feb 22nd-Feb 28th,2025]")
ITAT Dismisses Revenue’s Appeal, Rules S.14A Disallowance Not Applicable to Oriental Insurance [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) dismissed the Revenue’s appeal, affirming that Section 14A of the Income Tax Act, 1961, disallowance does not apply to Oriental Insurance Co....
![ITAT Dismisses Revenue’s Appeal, Rules S.14A Disallowance Not Applicable to Oriental Insurance [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-ITAT-Delhi-Oriental-Insurance-case-updates-TAXSCAN.jpg "ITAT Dismisses Revenue’s Appeal, Rules S.14A Disallowance Not Applicable to Oriental Insurance [Read Order]")
![Penalty for Late Filing of Tax Return: ITAT quashes Order as Time-Barred [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Penalty-Late-Filing-Tax-Return-ITAT-Order-Time-Barred-taxscan.jpg "Penalty for Late Filing of Tax Return: ITAT quashes Order as Time-Barred [Read Order]")