![Blatant Abuse of Process of Law’: Delhi HC dismisses Guarantors Plea against PNB, Canara Bank, Imposes Rs 1 Lakh Cost [Read Order]](https://images.taxscan.in/h-upload/2025/12/01/500x300_2109265-pnb-cestat-cenvat-credit-input-services-taxscan.webp "Blatant Abuse of Process of Law’: Delhi HC dismisses Guarantors Plea against PNB, Canara Bank, Imposes Rs 1 Lakh Cost [Read Order]")
Blatant Abuse of Process of Law’: Delhi HC dismisses Guarantor's Plea against PNB, Canara Bank, Imposes Rs 1 Lakh Cost [Read Order]
The Delhi High Court has dismissed a writ petition filed by a guarantor against Punjab National Bank (PNB) and Canara Bank, imposing a cost of Rs. 1...
Central Excise (Amendment) Bill 2025: End of GST Compensation Cess, What's Next for Tobacco and Sin Goods?
FinanceMinister Nirmala Sitharaman made a historic move in the Taxation System by introducing the Central Excise (Amendment) Bill, 2025, in the Lok Sabha on December 1, 2025, along with the Health...
RBI Revises FEMA Rules on Carrying Indian Currency to and from Nepal, Bhutan, Pakistan & Bangladesh [Read Circular]
The Reserve Bank of India (RBI) has amended the Foreign Exchange Management Act, 1999 (FEMA) regulations governing export and import of Indian currency to and from its neighbouring countries. ...
![RBI Revises FEMA Rules on Carrying Indian Currency to and from Nepal, Bhutan, Pakistan & Bangladesh [Read Circular]](https://images.taxscan.in/h-upload/2025/12/03/500x300_2109916-rbi-revises-fema-rules-carrying-indian-currency-taxscan.webp "RBI Revises FEMA Rules on Carrying Indian Currency to and from Nepal, Bhutan, Pakistan & Bangladesh [Read Circular]")
IPLC Payments Not ‘Royalty’ u/s 9 of Income Tax Act: Madras HC sets aside Disallowance u/s 40(a)(i) in Cognizant's Case [Read Order]
The Madras High Court, in a recent case, has held that payments made by Cognizant Technology Solutions India Pvt. Ltd. to Sprint USA for International Private Leased Circuit (IPLC) services are not...
![IPLC Payments Not ‘Royalty’ u/s 9 of Income Tax Act: Madras HC sets aside Disallowance u/s 40(a)(i) in Cognizants Case [Read Order]](https://images.taxscan.in/h-upload/2025/12/03/500x300_2109834-madras-hc-disallowance-taxscan.webp "IPLC Payments Not ‘Royalty’ u/s 9 of Income Tax Act: Madras HC sets aside Disallowance u/s 40(a)(i) in Cognizants Case [Read Order]")
Art 26(3) of India-US DTAA Protects IPLC Payments from TDS Burden: Madras HC Favours Cognizant [Read Order]
The Madras High Court in a recent case, has applied Article 26(3) of the India–US Double Taxation Avoidance Agreement (DTAA) to hold that International Private Leased Circuit (IPLC) payments made by...
![Art 26(3) of India-US DTAA Protects IPLC Payments from TDS Burden: Madras HC Favours Cognizant [Read Order]](https://images.taxscan.in/h-upload/2025/12/03/500x300_2109847-cognizant-site-image-1.webp "Art 26(3) of India-US DTAA Protects IPLC Payments from TDS Burden: Madras HC Favours Cognizant [Read Order]")
Consumer Affairs Ministry Notifies Legal Metrology (Packaged Commodities) Second Amendment Rules, 2025 [Read Notification]
The Ministry of Consumer Affairs, Food and Public Distribution has formally issued the Legal Metrology (Packaged Commodities) Second Amendment Rules, 2025, vide Gazette Notification G.S.R. 881(E)...
![Consumer Affairs Ministry Notifies Legal Metrology (Packaged Commodities) Second Amendment Rules, 2025 [Read Notification]](https://images.taxscan.in/h-upload/2025/12/03/500x300_2109900-consumer-affairs-ministry-notifies-legal-metrology-packaged-commodities-second-amendment-rules-taxscan.webp "Consumer Affairs Ministry Notifies Legal Metrology (Packaged Commodities) Second Amendment Rules, 2025 [Read Notification]")
Preity Good News!’ ITAT Quashes ₹10.84 Cr Income Tax Addition against Bollywood Actress Preity Zinta [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) recently granted substantial relief to Bollywood actress Preity Zinta by deleting an income tax addition of ₹10.84 crore made under...
![Preity Good News!’ ITAT Quashes ₹10.84 Cr Income Tax Addition against Bollywood Actress Preity Zinta [Read Order]](https://images.taxscan.in/h-upload/2025/12/03/500x300_2109886-d6e09dab-5caa-41e2-8a12-3633fad29303.webp "Preity Good News!’ ITAT Quashes ₹10.84 Cr Income Tax Addition against Bollywood Actress Preity Zinta [Read Order]")