Ministry Reports Comprehensive Tax Concessions for Cooperatives: MAT Cut to 15%, Manufacturing Rate Slashed, TDS Threshold Tripled
The Ministry of Cooperation has disclosed a ten point tax reliefs for cooperative societies, including a reduction in Minimum Alternate Tax (MAT)...
![Calcutta HC Orders Advance Ruling Board to Quickly decide on Joint Ventures Taxation as Revised ITR Filing Deadline Approaches [Read Order]](https://images.taxscan.in/h-upload/2025/12/06/250x150_2110474-taxation-revised-itr-filing-deadline-taxscan.webp "Calcutta HC Orders Advance Ruling Board to Quickly decide on Joint Ventures Taxation as Revised ITR Filing Deadline Approaches [Read Order]")
![Big Win for Actor Yash: Karnataka HC Confirms ‘Searched Person’ Status, Quashes Order Passed u/s 153C Without Incriminating Material [Read Order]](https://images.taxscan.in/h-upload/2025/12/08/250x150_2110854-actor-yash-karnataka-hc-taxscan.jfif "Big Win for Actor Yash: Karnataka HC Confirms ‘Searched Person’ Status, Quashes Order Passed u/s 153C Without Incriminating Material [Read Order]")
![Relief for Lalitha Jewellery: Madras HC Quashes ₹51 Crore Unexplained Cash Credits Addition due to Uncorroborated Search Statements [Read Order]](https://images.taxscan.in/h-upload/2025/12/06/250x150_2110523-lalitha-jewellery-madras-hc-cash-credits-uncorroborated-search-statement-taxscan.webp "Relief for Lalitha Jewellery: Madras HC Quashes ₹51 Crore Unexplained Cash Credits Addition due to Uncorroborated Search Statements [Read Order]")
![AO Must Re-Examine Income After Considering Stock Records: ITAT Remands Addition Based on Survey Statement [Read Order]](https://images.taxscan.in/h-upload/2025/12/07/250x150_2110733-ao-re-examine-income-considering-stock-records-itat-remands-survey-statement-taxscan.jfif "AO Must Re-Examine Income After Considering Stock Records: ITAT Remands Addition Based on Survey Statement [Read Order]")
ED Attachment Not Verified: NCLAT says NCLT Committed ‘Manifest Illegality’, Directs Fresh Inquiry [Read Order]
The National Company Law Appellate Tribunal (NCLAT) has set aside an order passed by the National Company Law Tribunal (NCLT), Mumbai, and remanded the matter for fresh consideration, holding that ...
![ED Attachment Not Verified: NCLAT says NCLT Committed ‘Manifest Illegality’, Directs Fresh Inquiry [Read Order]](https://images.taxscan.in/h-upload/2025/12/07/500x300_2110726-ed-attachment-verified-nclat-nclt-committed-manifest-illegality-directs-fresh-inquiry-taxscan.webp "ED Attachment Not Verified: NCLAT says NCLT Committed ‘Manifest Illegality’, Directs Fresh Inquiry [Read Order]")
![NCLAT upholds ₹36.53 Crore Liability against Former Directors in Fraudulent Trading Case [Read Order]](https://images.taxscan.in/h-upload/2025/12/07/500x300_2110721-nclat-upholds-liability-former-directors-fraudulent-trading-case.webp "NCLAT upholds ₹36.53 Crore Liability against Former Directors in Fraudulent Trading Case [Read Order]")
Scrap Sales & Incidental Receipts Linked to Eligible Undertaking Qualify for S.10A Deduction: Madras HC Rules in Favour of Cognizant [Read Order]
The Madras High Court in a recent case, has ruled that miscellaneous income, including scrap sales and interest on loans given to employees linked to eligible undertakings, qualifies for deduction...
![Scrap Sales & Incidental Receipts Linked to Eligible Undertaking Qualify for S.10A Deduction: Madras HC Rules in Favour of Cognizant [Read Order]](https://images.taxscan.in/h-upload/2025/12/03/500x300_2109830-madras-hc-rules-cognizan-taxscan.webp "Scrap Sales & Incidental Receipts Linked to Eligible Undertaking Qualify for S.10A Deduction: Madras HC Rules in Favour of Cognizant [Read Order]")
Regd. Seller cannot be Denied Tax Deduction because Regd. Dealer Stole ST-15 Forms: Punjab & Haryana HC [Read Order]
The Punjab and Haryana High Court at Chandigarh recently clarified that a registered seller cannot be denied tax deduction benefits merely because the ST-15 forms furnished by a purchasing dealer...
![Regd. Seller cannot be Denied Tax Deduction because Regd. Dealer Stole ST-15 Forms: Punjab & Haryana HC [Read Order]](https://images.taxscan.in/h-upload/2025/12/07/500x300_2110678-seller-denied-tax-deduction-regd-dealer-stole-st-15-forms-punjab-haryana-hc-taxscan.webp "Regd. Seller cannot be Denied Tax Deduction because Regd. Dealer Stole ST-15 Forms: Punjab & Haryana HC [Read Order]")
![System Failure due to Heavy Rainfall: Karnataka HC condones 36 days delay in filing ITR [Read Order]](https://images.taxscan.in/h-upload/2025/12/06/500x300_2110597-karnataka-hc-itr-filing-itr-delay-taxscan.webp "System Failure due to Heavy Rainfall: Karnataka HC condones 36 days delay in filing ITR [Read Order]")