![ITAT Restores Rectification Appeal u/s 154 to CIT(A) to Avoid Multiplicity, Orders Re-evaluation of Capital Gain Addition [Read Order]](https://images.taxscan.in/h-upload/2026/01/01/2116523-itat-restores-rectification-appeal-154-cita-avoid-multiplicity-orders-re-evaluation-capital-gain-addition-taxscan.webp "ITAT Restores Rectification Appeal u/s 154 to CIT(A) to Avoid Multiplicity, Orders Re-evaluation of Capital Gain Addition [Read Order]")
ITAT Restores Rectification Appeal u/s 154 to CIT(A) to Avoid Multiplicity, Orders Re-evaluation of Capital Gain Addition [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has restored an appeal to the Commissioner of Income Tax (Appeals) after holding that...
![Approval for S. 148 Notice by Incompetent Authority renders Re-assessment Void ab initio: ITAT Quashes Assessment [Read Order]](https://images.taxscan.in/h-upload/2026/01/01/2116478-approval-for-s-148-notice-by-incompetent-authority-renders-re-assessment-void-ab-initio-itat-quashes-assessment-taxscan.webp "Approval for S. 148 Notice by Incompetent Authority renders Re-assessment Void ab initio: ITAT Quashes Assessment [Read Order]")
![Only Profit Element Taxable in Bogus Purchase Cases : ITAT Reduces Gross Profit Addition to 11% [Read Order]](https://images.taxscan.in/h-upload/2026/01/01/2116504-only-profit-element-taxable-in-bogus-purchase-cases-itat-reduces-gross-profit-addition.webp "Only Profit Element Taxable in Bogus Purchase Cases : ITAT Reduces Gross Profit Addition to 11% [Read Order]")
![Relief for Bridgestone India: CESTAT Sets Aside ₹96 Lakh Excise Demand for Alleged Excess CENVAT Credit [Read Order]](https://images.taxscan.in/h-upload/2026/01/01/2116520-relief-for-bridgestone-india-taxscan.jfif "Relief for Bridgestone India: CESTAT Sets Aside ₹96 Lakh Excise Demand for Alleged Excess CENVAT Credit [Read Order]")
![CESTAT Sets Aside Section 114AA Penalty Due to Failure in Establishing Proof of Intentional Use of Manipulated Scrip [Read Order]](https://images.taxscan.in/h-upload/2026/01/01/2116539-cestat-sets-aside-section-114aa-penalty-taxscan.jfif "CESTAT Sets Aside Section 114AA Penalty Due to Failure in Establishing Proof of Intentional Use of Manipulated Scrip [Read Order]")
Unconstitutional Restriction on CENVAT Credit: CESTAT Sets Aside Penalty and Demand Based on Invalid Rule 8(3A) of Central Excise Rules
The New Delhi Principal Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), has set aside a central excise duty demand raised under Rule 8(3A) of the Central Excise Rules,...
CESTAT Quashes Service Tax Demand on Cross-Border Cost-Sharing, Holds Downward Price Adjustments are Not Consideration [Read Order]
The Chennai Bench of the Customs, Excise andService Tax Appellate Tribunal (CESTAT) held that inter-company cost sharing and downward price adjustments arising out of software implementation ...
![CESTAT Quashes Service Tax Demand on Cross-Border Cost-Sharing, Holds Downward Price Adjustments are Not Consideration [Read Order]](https://images.taxscan.in/h-upload/2026/01/01/2116535-cestat-quashes-service-tax-demand-on-cross-border-cost-sharing-holds-downward-price-adjustments-are-not-consideration-taxscan.webp "CESTAT Quashes Service Tax Demand on Cross-Border Cost-Sharing, Holds Downward Price Adjustments are Not Consideration [Read Order]")
Customs Duty on Gold: Delhi HC Upholds Mandate u/s 110(2) of Customs Act, Directs Release of Seized Gold Due to Non-Issuance of SCN [Read Order]
The Delhi High Court has issued directions to the Customs Department for the release of a detained gold bar, subject to the payment of applicable customs duty, redemption fine and penalty. ...
![Customs Duty on Gold: Delhi HC Upholds Mandate u/s 110(2) of Customs Act, Directs Release of Seized Gold Due to Non-Issuance of SCN [Read Order]](https://images.taxscan.in/h-upload/2026/01/01/2116541-customs-duty-gold-delhi-hc-upholds-customs-act-release-seized-gold-non-issuance-scn-taxscan.webp "Customs Duty on Gold: Delhi HC Upholds Mandate u/s 110(2) of Customs Act, Directs Release of Seized Gold Due to Non-Issuance of SCN [Read Order]")
CESTAT Sets Aside ₹1,398 Crore CENVAT Credit Demand on Indian Oil Petronas on Limitation Grounds [Read Order]
The Chennai Bench of the Customs, Excise andService Tax Appellate Tribunal (CESTAT), has allowed the appeal filed by Indian Oil Petronas, setting aside a demand of nearly ₹1,398 crore by the...
![CESTAT Sets Aside ₹1,398 Crore CENVAT Credit Demand on Indian Oil Petronas on Limitation Grounds [Read Order]](https://images.taxscan.in/h-upload/2026/01/01/2116470-cestat-sets-aside-1398-crore-cenvat-credit-demand-indian-oil-petronas-limitation-grounds-taxscan.webp "CESTAT Sets Aside ₹1,398 Crore CENVAT Credit Demand on Indian Oil Petronas on Limitation Grounds [Read Order]")
IBC Fraudulent Trading: NCLAT Directs Suspended Director to Contribute ₹8.71 Crore with 12% Interest to Corporate Debtor [Read Order]
https://www.taxscan.in/tags/national-company-law-tribunal The National Company Law Appellate Tribunal (NCLAT), Principal Bench at New Delhi, upheld the National Company Law Tribunal (NCLT) order...
![IBC Fraudulent Trading: NCLAT Directs Suspended Director to Contribute ₹8.71 Crore with 12% Interest to Corporate Debtor [Read Order]](https://images.taxscan.in/h-upload/2026/01/01/2116465-ibc-fraudulent-trading-nclat-directs-suspended-director-to-contribute-871-crore-with-12-interest-to-corporate-debtor.webp "IBC Fraudulent Trading: NCLAT Directs Suspended Director to Contribute ₹8.71 Crore with 12% Interest to Corporate Debtor [Read Order]")
IBBI Imposes ₹2 Lakh Penalty on Insolvency Professional for Non-Cooperation in Investigation, Flags Serious Irregularities in CIRP [Read Order]
The Insolvency and Bankruptcy Board of India (IBBI) has imposed a monetary penalty on insolvency professional after finding that he failed to cooperate with an investigation initiated in connection...
![IBBI Imposes ₹2 Lakh Penalty on Insolvency Professional for Non-Cooperation in Investigation, Flags Serious Irregularities in CIRP [Read Order]](https://images.taxscan.in/h-upload/2026/01/01/2116476-ibbi-imposes-penalty-insolvency-professional-non-cooperation-investigation-flags-serious-irregularities-cirp-taxscan.webp "IBBI Imposes ₹2 Lakh Penalty on Insolvency Professional for Non-Cooperation in Investigation, Flags Serious Irregularities in CIRP [Read Order]")
Customs to Release Seized Gold within Two Weeks: Delhi HC Enforces OIO, Limits Warehousing Charges to Pre-Order Period [Read Order]
The Delhi High Court has directed the Customs Department to give effect to an adjudication order permitting release of seized gold items, clarifying that no warehousing charges can be levied for the...
![Customs to Release Seized Gold within Two Weeks: Delhi HC Enforces OIO, Limits Warehousing Charges to Pre-Order Period [Read Order]](https://images.taxscan.in/h-upload/2026/01/01/2116532-customs-release-seized-gold-within-two-weeks-delhi-hc.webp "Customs to Release Seized Gold within Two Weeks: Delhi HC Enforces OIO, Limits Warehousing Charges to Pre-Order Period [Read Order]")