![Penalty u/s 271(1)(c) Unjustified on Ad-Hoc Estimated Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/TAT-ITAT-Mumbai-Penalty-Estimated-Income-Taxscan.jpg "Penalty u/s 271(1)(c) Unjustified on Ad-Hoc Estimated Income: ITAT [Read Order]")
Penalty u/s 271(1)(c) Unjustified on Ad-Hoc Estimated Income: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) ruled that a penalty under Section 271(1)(c) of Income Tax Act,1961 could not be sustained...
![Rejection of Registration Application u/s 12AB: ITAT Remands Matter to CIT(E) for Reconsideration [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Rejection-of-Registration-Registration-Application-Registration-Application-Section-12AB-ITAT-ITAT-Remands-Matter-Remands-Matter-to-CITE-taxscan.jpg "Rejection of Registration Application u/s 12AB: ITAT Remands Matter to CIT(E) for Reconsideration [Read Order]")
![ITAT Upholds S.54F Deduction as Capital Gain Compliance Met on Time, Dismisses Revenue’s Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Delhi-Income-Tax-Appellate-Tribunal-Section-54F-of-Income-Tax-Act-TAXSCAN.jpg "ITAT Upholds S.54F Deduction as Capital Gain Compliance Met on Time, Dismisses Revenue’s Appeal [Read Order]")
![Reassessment Invalid without Fresh Notice when No Addition made on Reopened Issue: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Reassessment-TAXSCAN.jpg "Reassessment Invalid without Fresh Notice when No Addition made on Reopened Issue: ITAT [Read Order]")
Mistaken Service Tax Payment not Subject to Refund Limitation u/s 11B of the Central Excise Act: CESTAT [Read Order]
The Kolkata Bench of Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) ruled that a mistaken Service Tax payment is not subject to the refund limitation under Section 11B of the Central...
![Mistaken Service Tax Payment not Subject to Refund Limitation u/s 11B of the Central Excise Act: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/CESTAT-Service-Tax-Payment-Refund-Limitation-taxscan.jpg "Mistaken Service Tax Payment not Subject to Refund Limitation u/s 11B of the Central Excise Act: CESTAT [Read Order]")
Non-Registration of “Charge” u/s 77 of Companies Act does not remove “Secured Creditor” Under IBC during CIRP: NCLAT [Read Order]
The National Company Law Appellate Tribunal (NCLAT), New Delhi held that a creditor may be considered a "Secured Creditor" under section 3(30) of the Insolvency and Bankruptcy Code, 2016 (IBC) by...
![Non-Registration of “Charge” u/s 77 of Companies Act does not remove “Secured Creditor” Under IBC during CIRP: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/WhatsApp-Image-2025-02-20-at-10.40.51-AM.jpeg "Non-Registration of “Charge” u/s 77 of Companies Act does not remove “Secured Creditor” Under IBC during CIRP: NCLAT [Read Order]")
Notice u/s 148 Beyond Three Years Not Allowed for Escaped Income Below Rs.50 Lakh: ITAT [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal(ITAT)ruled that a notice issued under Section 148 of the Income Tax Act,1961 beyond the prescribed three-year period is not valid when the escaped...
![Notice u/s 148 Beyond Three Years Not Allowed for Escaped Income Below Rs.50 Lakh: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Notice.jpg "Notice u/s 148 Beyond Three Years Not Allowed for Escaped Income Below Rs.50 Lakh: ITAT [Read Order]")
GST Applicable on Imported Goods Sold under HSS and later used in EPC Contract, Even If IGST Paid at Import: AAR [Read Order]
A recent ruling delivered by the Gujarat Authority for Advance Ruling ( AAR ) clarified that imported goods sold under a High Seas Sale ( HSS ) agreement and later used in a project initiated through...
![GST Applicable on Imported Goods Sold under HSS and later used in EPC Contract, Even If IGST Paid at Import: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/GST-Imported-Goods-GST-on-Imported-Goods-AAR-TAXSCAN.jpg "GST Applicable on Imported Goods Sold under HSS and later used in EPC Contract, Even If IGST Paid at Import: AAR [Read Order]")
Temporary Exemption for Imported Wrought Copper Tubes: New Copper Product (Quality Control) Order, 2025 [Read Order]
The Ministry of Commerce and Industry has issued Notification No. S.O. 884(E) dated February 19, 2025, announcing an amendment to the Copper Product (Quality Control) Order, 2024. The amendment...
