![No Exclusion of Limitation Period u/s 14 for Bills Not Prosecuted in Refund Proceedings: CESTAT Dismisses Appeal as Time-Barred [Read Order]](https://images.taxscan.in/h-upload/2026/01/10/2118164-no-exclusion-limitation-period-bills-not-procecuted-refund-proceedings-cestat-dismisses-appeal-time-barred-taxscan.webp "No Exclusion of Limitation Period u/s 14 for Bills Not Prosecuted in Refund Proceedings: CESTAT Dismisses Appeal as Time-Barred [Read Order]")
No Exclusion of Limitation Period u/s 14 for Bills Not Prosecuted in Refund Proceedings: CESTAT Dismisses Appeal as Time-Barred [Read Order]
The Principal Bench of Customs, Excise & Service Tax Appellate Tribunal (CESTAT) at New Delhi held that Section 14 of the Limitation Act cannot...
![CESTAT Upholds Rs 19.5 Lakh Customs Penalty: Viscose Fabric Declared but Polyester Imported, Supplier Error Claim Rejected [Read Order]](https://images.taxscan.in/h-upload/2026/01/10/2118165-cestat-upholds-rs-195-lakh-customs-penalty-viscose-fabric-declared-polyester-imported-supplier-error-claim-rejected-taxscan.webp "CESTAT Upholds Rs 19.5 Lakh Customs Penalty: Viscose Fabric Declared but Polyester Imported, Supplier Error Claim Rejected [Read Order]")
![Income Tax Reassessment Passed in Violation of Calcutta HC Stay: SC dismisses SLP refusing to Condone 730-day Delay [Read Judgement]](https://images.taxscan.in/h-upload/2026/01/11/2118353-income-tax-reassessment-calcutta-hc-sc-slp-taxscan.webp "Income Tax Reassessment Passed in Violation of Calcutta HC Stay: SC dismisses SLP refusing to Condone 730-day Delay [Read Judgement]")
![License Condition Subject to Notification Not a Mandatory Payment Clause: CESTAT Quashes Customs Duty Demand on Gold Dore Bars [Read Order]](https://images.taxscan.in/h-upload/2026/01/11/2118348-license-condition-cestat-customs-duty-demand-gold-dore-bars-taxscan.webp "License Condition Subject to Notification Not a Mandatory Payment Clause: CESTAT Quashes Customs Duty Demand on Gold Dore Bars [Read Order]")
Home Loan used Entirely for Business: ITAT orders Fresh Adjudication on Interest Expense Disallowance after Additional Evidence [Read Order]
The Income Tax Appellate Tribunal (ITAT) Pune Bench has ordered the Commissioner of Income Tax (CITA) (Appeals)/National Faceless Appeal Centre (NFAC), Delhi to admit new evidence in the matter of ...
![Home Loan used Entirely for Business: ITAT orders Fresh Adjudication on Interest Expense Disallowance after Additional Evidence [Read Order]](https://images.taxscan.in/h-upload/2026/01/11/2118337-home-loan-business-itat-fresh-adjudication-interest-expense-disallowance-additional-evidence-taxscan.webp "Home Loan used Entirely for Business: ITAT orders Fresh Adjudication on Interest Expense Disallowance after Additional Evidence [Read Order]")
RBI Notifies New FEMA Regulations for Cross-Border Guarantees, Makes Quarterly Reporting Mandatory [Read Notification]
The Reserve Bank of India (RBI) issued notification on 6 January 2026 about the Foreign Exchange Management (Guarantees) Regulations, 2026. This notification replaces the old guarantee rules from...
![RBI Notifies New FEMA Regulations for Cross-Border Guarantees, Makes Quarterly Reporting Mandatory [Read Notification]](https://images.taxscan.in/h-upload/2026/01/11/2118333-rbi-fema-regulations-cross-border-guarantees-quarterly-reporting-mandatory-taxscan.webp "RBI Notifies New FEMA Regulations for Cross-Border Guarantees, Makes Quarterly Reporting Mandatory [Read Notification]")
Manufacturing Entity Fails to Qualify 75% Trading Turnover Filter: ITAT Orders Deletion of Comparable [Read Order]
The Income Tax Appellate Tribunal (ITAT) Pune Bench has ordered the deletion of a comparable company on the reason that it fell in the ambit of an entity carrying out manufacturing business and had...
![Manufacturing Entity Fails to Qualify 75% Trading Turnover Filter: ITAT Orders Deletion of Comparable [Read Order]](https://images.taxscan.in/h-upload/2026/01/11/2118331-manufacturing-entity-trading-turnover-itat-orders-taxscan.webp "Manufacturing Entity Fails to Qualify 75% Trading Turnover Filter: ITAT Orders Deletion of Comparable [Read Order]")
₹55 Crore Service Tax Evasion a ‘Serious Economic Offence’: Punjab & Haryana HC Denies Bail to Director [Read Order]
The Punjab & Haryana High Court refused to grant bail to an accused holding that the alleged ₹55 crore service tax evasion forms a serious economic offence affecting the economy of the country. ...
![₹55 Crore Service Tax Evasion a ‘Serious Economic Offence’: Punjab & Haryana HC Denies Bail to Director [Read Order]](https://images.taxscan.in/h-upload/2026/01/11/2118327-service-tax-evasion-serious-economic-offence-punjab-haryana-hc-bail-director-taxscan.webp "₹55 Crore Service Tax Evasion a ‘Serious Economic Offence’: Punjab & Haryana HC Denies Bail to Director [Read Order]")
Centre Announces New Interest Rate on Special Deposit Scheme for Non-Govt Provident, Superannuation and Gratuity Funds [Read Notification]
The Ministry of Finance, through its Department of Economic Affairs, has issued a notification on 9 January 2026. It announced the interest rate for deposits in the Special Deposit Scheme for ...
![Centre Announces New Interest Rate on Special Deposit Scheme for Non-Govt Provident, Superannuation and Gratuity Funds [Read Notification]](https://images.taxscan.in/h-upload/2026/01/11/2118325-interest-rate-special-deposit-scheme-superannuation-gratuity-funds-taxscan.webp "Centre Announces New Interest Rate on Special Deposit Scheme for Non-Govt Provident, Superannuation and Gratuity Funds [Read Notification]")
Relief to Thermo Fisher in Transfer Pricing Dispute: ITAT Partly Allows Appeal on Royalty ALP, Benchmarking, Comparables, Aggregation and Working Capital Adjustments [Read Order]
The Mumbai Bench of the Income Tax AppellateTribunal (ITAT) has partly allowed the appeal filed by Thermo Fisher Scientific India Pvt. Ltd. in a transfer pricing dispute involving determination of...
![Relief to Thermo Fisher in Transfer Pricing Dispute: ITAT Partly Allows Appeal on Royalty ALP, Benchmarking, Comparables, Aggregation and Working Capital Adjustments [Read Order]](https://images.taxscan.in/h-upload/2026/01/11/2118312-thermo-fisher-transfer-pricing-itat-appeal-royalty-alp-benchmarking-comparables-aggregation-working-capital-adjustments-taxscan.webp "Relief to Thermo Fisher in Transfer Pricing Dispute: ITAT Partly Allows Appeal on Royalty ALP, Benchmarking, Comparables, Aggregation and Working Capital Adjustments [Read Order]")