Smaller PSU Banks to Merge with SBI, Bank of Baroda and Punjab National Bank by FY 2027
Recent reports indicate that the Union Government is preparing to consolidate public sector banks (PSBs) by merging smaller state-owned lenders such...
![S. 80P Deduction Disallowance: ITAT rejects Death of CA being Not Valid Reason for 388 Day Delay for Appeal [Read Order]](https://images.taxscan.in/h-upload/2025/08/07/250x150_2073931-s-80p-deduction-itat-ca-taxscan.webp "S. 80P Deduction Disallowance: ITAT rejects Death of CA being Not Valid Reason for 388 Day Delay for Appeal [Read Order]")
![Provision of PMLA Attracts on Offence Committed prior to June 1, 2009 as proceeds of Crime Continue till Amendment: Calcutta HC [Read Order]](https://images.taxscan.in/h-upload/2025/06/24/250x150_2054002-pmla.webp "Provision of PMLA Attracts on Offence Committed prior to June 1, 2009 as proceeds of Crime Continue till Amendment: Calcutta HC [Read Order]")
Bank cannot make Look Out Circular a Recovery Norm, as it Violates Fundamental Right of Movement: Calcutta HC allows WP [Read Order]
The Calcutta High Court has held that banks cannot make lookout circular a recovery norm as it violates the fundamental right of movement and allowed the Writ Petition (WP). Mannoj Kumar Jain...
Relief to Indian Overseas Bank: CESTAT allows Cenvat Credit of the Service Tax paid on Deposit Insurance Service [Read Order]
In a ruling in favour of M/s Indian Overseas Bank, the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Chennai bench has held that cenvat credit is allowable on the Service Tax paid on...
![Relief to Indian Overseas Bank: CESTAT allows Cenvat Credit of the Service Tax paid on Deposit Insurance Service [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Indian-Overseas-Bank-CESTAT-Cenvat-Credit-Service-Tax-Insurance-Service-taxscan.jpeg "Relief to Indian Overseas Bank: CESTAT allows Cenvat Credit of the Service Tax paid on Deposit Insurance Service [Read Order]")
Relief to Indian Overseas Bank: Madras High Court quashes Revision Proceedings by Commissioner as it was Time-Barred [Read Judgment]
In a major relief of Indian Overseas Bank, the Madras High Court quashed the revision proceedings by the Commissioner as it was time-barred. The assessee, M/s.Indian Overseas Bank filed...
![Relief to Indian Overseas Bank: Madras High Court quashes Revision Proceedings by Commissioner as it was Time-Barred [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/08/Indian-Overseas-Bank-Madras-High-Court-Revision-Proceedings-Taxscan.jpg "Relief to Indian Overseas Bank: Madras High Court quashes Revision Proceedings by Commissioner as it was Time-Barred [Read Judgment]")
Mesne Profits and its interest received for unauthorised occupation of immovable property by Indian Overseas Bank is taxable: Delhi High Court [Read Judgment]
The Delhi High Court held that the mesne profits and its interest received for unauthorised occupation of immovable property by Indian Overseas Bank is taxable. The assessee, M/s Skyland Builders...
![Mesne Profits and its interest received for unauthorised occupation of immovable property by Indian Overseas Bank is taxable: Delhi High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/11/Mesne-Profits-interest-unauthorised-occupation-immovable-property-Indian-Overseas-Bank-Delhi-High-Court-Taxscan.jpeg "Mesne Profits and its interest received for unauthorised occupation of immovable property by Indian Overseas Bank is taxable: Delhi High Court [Read Judgment]")