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  • Delayed Credit of ESI/EPF Amounts: ITAT deletes Penalty on Assessee for Technical Glitches [Read Order]
  • May 12, 2025
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May 9, 2025
Starting a business in a customized screen printed t -shirt not only lets you detect creativity, but also opens more tax benefits when controlled strategically. Whether you are masters in a small business or plan to score, understanding these tax ideas can help you save significantly and can streamline operations. Deduction One of the primary […]
May 1, 2025
In a scenario where financial integrity and regulatory compliance are under intense scrutiny, businesses in India are navigating a landscape shaped by digital transformation and heightened transparency. An important tool that emerges in this space is LEI– Legal Entity Identifier. It is a tool that governments and regulatory bodies are leveraging to bring transparency to […]
April 19, 2025
A critical illness can seriously affect a person’s health and finances. Medical treatments are expensive, and recovery can often take a long time, leading to income loss. Thus, having a critical illness rider is a must to gain coverage under such circumstances.  Read on to learn more about the role of critical illness riders in […]


  • Auditing Cryptocurrency - Know the Basics of Auditing Cryptocurrency - Auditing - site image
  • Auditing Cryptocurrency? know the basics and How to Report It
  • January 7, 2025
  • Cryptocurrencies, often called virtual digital assets ( VDAs ), are intangible tokens recorded on distributed ledger technology like blockchain. These tokens enable transactions to offer access to other assets or services, and may even represent ownership interests. Their volatile nature and decentralized framework make them uniquely challenging to classify and report under traditional accounting standards. […]
  • 55th GST Council Meeting - GST Council Meeting - Council Meeting - Taxscan
  • 55th GST Council Meeting Recommendations: All You Need to Know
  • December 26, 2024
  • SERVICES 1. Sponsorship services by body corporate to be brought under forward charge mechanism. 2. GST exemption is proposed on contributions made by general insurance companies from third-party motor vehicle premiums to the Motor Vehicle Accident Fund, established under Section 164B of the Motor Vehicles Act, 1988, to provide compensation or cashless treatment to road […]
  • GST - GST on Intermediary Services - Intermediary Services GST - Intermediary services GST clarifications - taxscan
  • GST on Intermediary Services- Gamut of Clarifications and Litigations!!
  • December 17, 2024
  • The litigations pertaining to “intermediary services” existed under erstwhile service tax legislation and the legacy continues even under the Goods and Services Tax ( GST ) regime. There has been a plethora of judicial pronouncements and advance rulings with divergent views on the subject matter. Even though the Central Board of Indirect Taxes and Customs […]
ESI - EPF - Amounts - TAXSCAN
May 12, 2025

The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) recently quashed an income tax disallowance, on observing that a one-day delay in crediting employee contributions to the Employees’ Provident Fund (EPF) and Employees’ State Insurance Corporation (ESIC) accounts were caused by server errors and technical glitches. An income tax appeal was filed […]

CSR - 80G Deduction - Income Tax - taxscan
May 12, 2025

The Ahmedabad bench of Income Tax Appellate Tribunal (ITAT) has held that Corporate Social Responsibility (CSR) donations made to the Mukhyamantri Shree Swachchta Nidhi, Gujarat are eligible for deduction under Section 80G Of the Income Tax Act, 1961. The decision was delivered in response to an appeal filed by the assessee against the order of […]

Delay in Filing Service Tax Refund Claim - Refund is Strictly Bound - Statutory Limit - CESTAT - Royal Enfield’s Appeal - taxscan
May 10, 2025
In a major setback to Royal Enfield, the Chennai Bench of Customs Excise and Service Tax Appellate Tribunal (CESTAT) has held that a refund of service tax is strictly bound by statutory time limit and the Limitation Act is inapplicable. The appellant/assessee, Royal Enfield had filed a refund claim for an amount of Rs.1,79,46,788 claiming that the amount was erroneously collected as service tax by SIPCOT on developmental charges.  On verification, it was observed that service tax paid on developmental
Input - Output - Norms - TAXSCAN
May 11, 2025

The Kolkata Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) set aside an excise duty demand raised solely on input-output norms without any evidence to support allegations of clandestine manufacture or clearance. Pooja Sponge Pvt. Ltd., the appellant, is engaged in the manufacture of sponge iron at its facility in Sundargarh, Odisha....

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Nokia India - CESTAT - Refund of Excess CVD - Rules Challenge - Original Assessment - Mandatory - TAXSCAN
May 11, 2025

The Bangalore Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) ruled that a refund of excess Countervailing Duty (CVD) paid on imported goods can be granted even if the self-assessed Bills of Entry are not challenged, provided unjust enrichment is not established. Nokia India Sales Pvt. Ltd., the appellant, imported mobile phones...

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  ₹2299 + GST for 1 year
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Resolution Plan - NCLAT - Approval of Resolution Plan - taxscan
May 12, 2025
The New Delhi bench of the National Company Law Appellate Tribunal (NCLAT) comprising Justice Yogesh Khanna (Judicial Member) and Mr. Ajai Das Mehrotra (Technical Member) has held that an application seeking approval of a Resolution Plan cannot be rejected solely due to the withdrawal of consent by one Committee of Creditors (CoC) member without granting […]
NCLAT - IBC Section 7 - Insolvency application - Financial Creditor IBC - Taxscan
May 10, 2025
The National Company Law Appellate Tribunal (NCLAT), Chennai Bench held that amendments to an application under section 7 of the Insolvency Bankruptcy Code( IBC), 2016 cannot be permitted if they amount to withdrawal of admission or undermine pending judicial objections. Notice u/s 148 of Income Tax Act Issued Beyond Limitation Period: Delhi HC Sets Aside […]
NCLAT - NCLAT on Appeal Filing Delay limit - Supreme Court - Tata Steel nclat case - TAXSCAN
May 8, 2025
On May 7, the Supreme Court ruled that the National Company Law Appellate Tribunal (NCLAT), acting as the Adjudicating Authority under the Insolvency and Bankruptcy Code, 2016 (IBC), has no jurisdiction to condone delays in filing appeals beyond the statutory limit of 45 days (30 days plus a 15-day condonable period) prescribed under Section 61(2) […]
ED‘s Action under PMLA - PMLA - PMLA cannot be reviewed by NCLT/NCLAT - taxscan
May 5, 2025
In a recent case, the Supreme Court held that the National Company Law Tribunal (NCLT) or the National Company Law Appellate Tribunal (NCLAT) cannot review the actions taken by statutory authorities under other laws. JSW, which was Respondent No. 2 filed by the CoC, filed an application seeking clarification of the order dated 06.03.2020 to […]
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