Income Tax Dept Sends Rs 46 Crore Tax Notice to Madhya Pradesh
The Income Tax Department Office in Madhya Pradesh has issued a stunning tax notice of ₹46 crore to Ravindra Singh Chauhan, a cook at a dhaba...
![Section 12B of Central Excise Act and Rule 7 in applicable when Provisional assessment is made: Karnataka HC upholds CESTAT ruling in favour of J K Tyre Industries [Read Order]](https://images.taxscan.in/h-upload/2025/09/11/250x150_2085647-section-12b-central-excise-act-rule-7-in-applicable-provisional-assessment-karnataka-hc-cestat-j-k-tyre-industries-taxscan.webp "Section 12B of Central Excise Act and Rule 7 in applicable when Provisional assessment is made: Karnataka HC upholds CESTAT ruling in favour of J K Tyre Industries [Read Order]")
![Karnataka HC upholds ITAT ruling Classifying Toyota Tsusho India Pvt ltd as Not a Wholesale Trader [Read Order]](https://images.taxscan.in/h-upload/2025/09/11/250x150_2085642-karnataka-high-court-karnataka-hc-upholds-itat-ruling-toyota-tsusho-india-pvt-ltd-taxscan.webp "Karnataka HC upholds ITAT ruling Classifying Toyota Tsusho India Pvt ltd as Not a Wholesale Trader [Read Order]")
Delhi HC restricts reinstating Suspension of CBL due to violation of CBLR citing Principle of Proportionality [Read Order]
The New Delhi High Court restricted the Suspension of customs brokers license (CBL) due to violation of Customs Brokers Licensing Regulations, 2018 ( “CBLR 2018”), as the licensee has already...
![Delhi HC restricts reinstating Suspension of CBL due to violation of CBLR citing Principle of Proportionality [Read Order]](https://images.taxscan.in/h-upload/2025/09/11/500x300_2085633-delhi-high-court-cbl-cblr-citing-taxscan.webp "Delhi HC restricts reinstating Suspension of CBL due to violation of CBLR citing Principle of Proportionality [Read Order]")
Belated Return Not a Bar on Carry Forward of Depreciation: ITAT Confirms Rs. 2.38 Crore as Unabsorbed Depreciation [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad, has held that a belated return does not restrict the carry forward of unabsorbed depreciation. In a case involving a disputed loss of Rs....
![Belated Return Not a Bar on Carry Forward of Depreciation: ITAT Confirms Rs. 2.38 Crore as Unabsorbed Depreciation [Read Order]](https://images.taxscan.in/h-upload/2025/09/11/500x300_2085607-itat-ahmedabad-depreciation-itat-confirms-taxscan.webp "Belated Return Not a Bar on Carry Forward of Depreciation: ITAT Confirms Rs. 2.38 Crore as Unabsorbed Depreciation [Read Order]")
Deduction u/s 80P(2)(d) Confined to Co-operative Bank Deposits, RRB Interest Treated Separately with Expense Adjustment u/s 57(iii): ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad has ruled on the eligibility of deductions claimed by a co-operative credit society in respect of interest earned from deposits with co-operative...
![Deduction u/s 80P(2)(d) Confined to Co-operative Bank Deposits, RRB Interest Treated Separately with Expense Adjustment u/s 57(iii): ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/09/11/500x300_2085594-deduction-co-operative-bank-deposits-rrb-taxscan.webp "Deduction u/s 80P(2)(d) Confined to Co-operative Bank Deposits, RRB Interest Treated Separately with Expense Adjustment u/s 57(iii): ITAT [Read Order]")
![Supreme Court Defers Verdict on Vodafone’s ₹191 Crore Income Tax Deduction Claim u/s 80IA [Read Order]](https://images.taxscan.in/h-upload/2025/09/11/500x300_2085588-supreme-court-income-tax-taxscan.webp "Supreme Court Defers Verdict on Vodafone’s ₹191 Crore Income Tax Deduction Claim u/s 80IA [Read Order]")
![SEBI Eases Compliance for FPIs Investing Only in Government Securities [Read Circular]](https://images.taxscan.in/h-upload/2025/09/11/500x300_2085566-sebi-fpi-taxscan.webp "SEBI Eases Compliance for FPIs Investing Only in Government Securities [Read Circular]")
SEBI Revises Angel Fund Regulations: Accredited Investors Made Mandatory, Investment Capped at Rs. 25 Crore [Read Circular]
The Securities and Exchange Board of India (SEBI) issued a circular dated September 10, 2025, revising regulatory framework for Angel Funds under the Alternative Investment Funds (AIF) Regulations,...
![SEBI Revises Angel Fund Regulations: Accredited Investors Made Mandatory, Investment Capped at Rs. 25 Crore [Read Circular]](https://images.taxscan.in/h-upload/2025/09/11/500x300_2085560-sebi-angel-fund-regulations-accredited-investors-mandatory-investment-capped-taxsxcan.webp "SEBI Revises Angel Fund Regulations: Accredited Investors Made Mandatory, Investment Capped at Rs. 25 Crore [Read Circular]")