![Revisional Order merely based on Suspicion is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Income-Tax-Addition-ITAT.jpg "Revisional Order merely based on Suspicion is Invalid: ITAT [Read Order]")
Revisional Order merely based on Suspicion is Invalid: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has held that the revisional order under section 263 of the Income Tax Act, 1961 cannot...
![Foreign Exporter cannot claim ITC in India as per Sec 12 of GST Act: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2022/05/Foreign-Exporter-ITC-IGST-Act-Supreme-Court.jpeg "Foreign Exporter cannot claim ITC in India as per Sec 12 of GST Act: Supreme Court [Read Judgment]")
![IGST on Ocean Freight: Higher Margin of Tax on Indian Shipping Lines will Drive them Out of Business, rules Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2022/05/IGST-Ocean-Freight-Higher-Margin-of-Tax-Indian-Shipping-Lines-Supreme-Court.jpeg "IGST on Ocean Freight: Higher Margin of Tax on Indian Shipping Lines will Drive them Out of Business, rules Supreme Court [Read Judgment]")
![Gujarat HC orders Customs Dept to Expedite release of Base Oil Worth ₹67 Lakhs after Judicious Disposal [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Gujarat-HC-Customs-Dept-of-Base-Oil-Judicious-Disposal-taxscan.jpg "Gujarat HC orders Customs Dept to Expedite release of Base Oil Worth ₹67 Lakhs after Judicious Disposal [Read Order]")
An Appeal under IBC is valid only if it is initiated within 30 days from Date of Order: Supreme Court [Read Order]
The Supreme Court has held that an appeal under the Insolvency and Bankruptcy Code (IBC) is valid only if it is initiated within 30 days from the date of the order by National Company Law Tribunal. ...
![An Appeal under IBC is valid only if it is initiated within 30 days from Date of Order: Supreme Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Appeal-IBC-order-SC-Taxscan.jpeg "An Appeal under IBC is valid only if it is initiated within 30 days from Date of Order: Supreme Court [Read Order]")
![No Revision u/s 263 when AO has made Sufficient Enquiry: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/AO-t-Enquiry-ITAT-taxscan.jpeg "No Revision u/s 263 when AO has made Sufficient Enquiry: ITAT [Read Order]")
Period of Moratorium is excluded in Computing Limitation Period in a Suit or an Application by a Corporate Debtor: Supreme Court [Read Judgment]
The Supreme Court has held that period of Moratorium is excluded in computing the period of limitation in a suit or an application by a corporate debtor. The appellant, New Delhi Municipal Council...
![Period of Moratorium is excluded in Computing Limitation Period in a Suit or an Application by a Corporate Debtor: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2022/05/Limitation-Period-Application-Corporate-Debtor-Supreme-Court-taxscan-1.jpg "Period of Moratorium is excluded in Computing Limitation Period in a Suit or an Application by a Corporate Debtor: Supreme Court [Read Judgment]")
Vicarious Liability under Negotiable Instruments Act arises only to the person who was in Charge of Business while the Offence committed: Supreme Court sets aside Order of Conviction [Read Judgment]
The Supreme Court has quashed the Chhattisgarh High Court order as the vicarious liability under the Negotiable Instrument Act arises only to the person who was in charge of business while the...
![Supreme Court Decision saving around 90,000 Re-Assessments: CBDT issues Instruction [Read Circular]](https://www.taxscan.in/wp-content/uploads/2022/05/Supreme-court-Re-Assessments-CBDT-taxscan.jpg "Supreme Court Decision saving around 90,000 Re-Assessments: CBDT issues Instruction [Read Circular]")
![Re-Assessment based on Incorrect and Irrelevant Facts is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Re-Assessment-Incorrect-and-Irrelevant-Facts-ITAT.jpeg "Re-Assessment based on Incorrect and Irrelevant Facts is Invalid: ITAT [Read Order]")
CBDT's Grace Marks Policy for Dept Exam not applicable to Reserved Category Candidate to Switch Over to General Category: Supreme Court
The Supreme Court has observed that the benefit of the grace marks policy introduced by Central Board of Direct Taxes (CBDT) for Departmental Examination for Income Tax Inspectors is not to allow the...
