![Can Criminal Proceedings be Initiated for Cash Transactions Above ₹2 Lakh? Allahabad HC to Examine S.269ST of Income Tax Act [Read Order]](https://images.taxscan.in/h-upload/2026/03/06/2128030-can-criminal-initiated-cash-transactions-allahabad-hc-to-examine-income-tax-act-.webp "Can Criminal Proceedings be Initiated for Cash Transactions Above ₹2 Lakh? Allahabad HC to Examine S.269ST of Income Tax Act [Read Order]")
Can Criminal Proceedings be Initiated for Cash Transactions Above ₹2 Lakh? Allahabad HC to Examine S.269ST of Income Tax Act [Read Order]
The Allahabad High Court recently met with a case challenging the initiation of criminal proceedings in a case involving cash transactions exceeding...
![No Service Tax on CII for Facilitating Members’ Participation in Overseas Business Exhibitions for a Fee: CESTAT [Read Order]](https://images.taxscan.in/h-upload/2026/02/27/2127317-no-service-tax-on-cii-members-participation-business-exhibitions-cestat-.webp "No Service Tax on CII for Facilitating Members’ Participation in Overseas Business Exhibitions for a Fee: CESTAT [Read Order]")
![SC Seeks Response On Zoomcar Plea Alleging Denial Of Statutory Remedy after HC Declined GST Appeal Liberty [Read Order]](https://images.taxscan.in/h-upload/2026/02/27/2127309-sc-seeks-response-on-zoomcar-pleajpg.webp "SC Seeks Response On Zoomcar Plea Alleging Denial Of Statutory Remedy after HC Declined GST Appeal Liberty [Read Order]")
![Relief for Berger Paints: CESTAT Rules Painting Contracts Involving Supply of Paint Classifiable as ‘Works Contract Service’ [Read Order]](https://images.taxscan.in/h-upload/2026/02/27/2127300-relief-for-cestat-rules-painting-supply-of-paint-works-contract-service.webp "Relief for Berger Paints: CESTAT Rules Painting Contracts Involving Supply of Paint Classifiable as ‘Works Contract Service’ [Read Order]")
Interest Income on Securities Accrues on Due Date of Payment and not on Everyday Basis: Supreme Court Declines Interference with Bombay HC Ruling [Read Order]
The Supreme Court of India recently dismissed a Special Leave Petition filed by the Principal Commissioner of Income Tax-2 challenging a judgment of the Bombay High Court which had refused to...
![Interest Income on Securities Accrues on Due Date of Payment and not on Everyday Basis: Supreme Court Declines Interference with Bombay HC Ruling [Read Order]](https://images.taxscan.in/h-upload/2026/02/25/2127059-due-datejpg.webp "Interest Income on Securities Accrues on Due Date of Payment and not on Everyday Basis: Supreme Court Declines Interference with Bombay HC Ruling [Read Order]")
Banks can use Separate Provisions to Set-off Bad Debts for Rural & Non-Rural Advances: Supreme Court Declines Interference with Bombay HC Order [Read Order]
The Supreme Court of India recently declined to interfere with a judgment of the Bombay HighCourt wherein the Revenue questioned whether banks are entitled to maintain separate provisions for rural...
![Banks can use Separate Provisions to Set-off Bad Debts for Rural & Non-Rural Advances: Supreme Court Declines Interference with Bombay HC Order [Read Order]](https://images.taxscan.in/h-upload/2026/02/25/2127057-bad-debtjpg.webp "Banks can use Separate Provisions to Set-off Bad Debts for Rural & Non-Rural Advances: Supreme Court Declines Interference with Bombay HC Order [Read Order]")
Rs. 2 Crore Monetary Limit Under 2024 CBIC Policy Covers Ongoing Appeals, Not Only Fresh Filings: Supreme Court [Read Judgement]
In a recent ruling, the Supreme Court dismissed the appeals filed by the State on the ground that the tax effect involved was below the Rs. 2 crore monetary limit fixed under the 2024 CBIC policy...
![Rs. 2 Crore Monetary Limit Under 2024 CBIC Policy Covers Ongoing Appeals, Not Only Fresh Filings: Supreme Court [Read Judgement]](https://images.taxscan.in/h-upload/2026/02/24/2126899-rs-2-crore-monetaryjpg.webp "Rs. 2 Crore Monetary Limit Under 2024 CBIC Policy Covers Ongoing Appeals, Not Only Fresh Filings: Supreme Court [Read Judgement]")
Commercial Wisdom of CoC Non-Justiciable, Promoter’s Higher Settlement Offer Cannot Stall CIRP Without 90% Approval: Supreme Court [Read Judgement]
The Supreme Court held that the commercial wisdom of the Committee of Creditors (CoC) is not justiciable, and even if a promoter gives a higher settlement offer, CIRP cannot be stalled unless the...
![Commercial Wisdom of CoC Non-Justiciable, Promoter’s Higher Settlement Offer Cannot Stall CIRP Without 90% Approval: Supreme Court [Read Judgement]](https://images.taxscan.in/h-upload/2026/02/19/2126378-supreme-court-commercial-wisdom-coc-non-justiciable-promoter-cirp-promoter-settlement-taxscan.webp "Commercial Wisdom of CoC Non-Justiciable, Promoter’s Higher Settlement Offer Cannot Stall CIRP Without 90% Approval: Supreme Court [Read Judgement]")
COVID-19 Window u/s 10A IBC Not Applicable If Default Predates 25 March 2020: Supreme Court Holds Failed Restructuring Can’t Shift Default Date [Read Judgement]
The Supreme Court of India held that the COVID-19 protection under Section 10A of the Insolvency And Bankruptcy Code, 2016 (IBC) does not apply if the default happened before 25 March 2020, and...
![COVID-19 Window u/s 10A IBC Not Applicable If Default Predates 25 March 2020: Supreme Court Holds Failed Restructuring Can’t Shift Default Date [Read Judgement]](https://images.taxscan.in/h-upload/2026/02/19/2126358-covid-19-supreme-court-supreme-court-ibc-judgment-default-date-ibc-case-ibc-restructuring-ruling-covid-19-window-under-ibc-taxscan.webp "COVID-19 Window u/s 10A IBC Not Applicable If Default Predates 25 March 2020: Supreme Court Holds Failed Restructuring Can’t Shift Default Date [Read Judgement]")
![Supreme Court Stays TDS Demand Notices Against SBI in Foreign LTC Reimbursement Case [Read Judgement]](https://images.taxscan.in/h-upload/2026/02/19/2126337-supreme-court-stays-tds-demand-sbi-in-foreign-ltc-.webp "Supreme Court Stays TDS Demand Notices Against SBI in Foreign LTC Reimbursement Case [Read Judgement]")
Supreme Court set to examine whether Income Tax Dept. can condone ITR filed with 30-Month Delay [Read Judgement]
The Supreme Court of India is set to examine whether the income tax department can condone an Income Tax Return (ITR) which was filed with a delay of 30-months. The matter is being assessed in...
![Supreme Court set to examine whether Income Tax Dept. can condone ITR filed with 30-Month Delay [Read Judgement]](https://images.taxscan.in/h-upload/2026/02/18/2126205-supreme-court-set-examine-whether-income-tax-dept-can-condone-itr-taxscan.webp "Supreme Court set to examine whether Income Tax Dept. can condone ITR filed with 30-Month Delay [Read Judgement]")