![Excise Duty Refund on Post-Clearance Discounts Allowed Where Duty Incidence Not Passed On and Dealers are Unregistered: CESTAT [Read Order]](https://images.taxscan.in/h-upload/2025/12/22/2113770-excise-duty-refund-post-clearance-duty-incidence-excise-duty-refund-allowed-unregistered-dealers-taxscan.webp "Excise Duty Refund on Post-Clearance Discounts Allowed Where Duty Incidence Not Passed On and Dealers are Unregistered: CESTAT [Read Order]")
Excise Duty Refund on Post-Clearance Discounts Allowed Where Duty Incidence Not Passed On and Dealers are Unregistered: CESTAT [Read Order]
The Kolkata Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) ruled that excise duty refund on post-clearance discounts is...
![Difference in Sales between Ledger and P&L Account Explained by VAT, Service Tax and other receipts: ITAT Deletes ₹13.61 Cr Addition [Read Order]](https://images.taxscan.in/h-upload/2025/12/22/2113732-vat-service-tax-itat-taxscan.jfif "Difference in Sales between Ledger and P&L Account Explained by VAT, Service Tax and other receipts: ITAT Deletes ₹13.61 Cr Addition [Read Order]")
![ITAT Deletes S.56(2)(x) Addition, Finds No Basis for Price Suppression in State Govt Sale [Read Order]](https://images.taxscan.in/h-upload/2025/12/22/2113721-itat-deletes-s562x-addition-finds-basis-price-suppression-state-govt-sale-taxscan.webp "ITAT Deletes S.56(2)(x) Addition, Finds No Basis for Price Suppression in State Govt Sale [Read Order]")
MCA Penalises Private Company and Three Directors for Non‑Compliance with Secretarial Standards in Board Report [Read Order]
The Ministry of Corporate Affairs (MCA) has passed an adjudication order penalising a company and three of its directors for violation of Section 118(11) of the Companies Act, 2013. The order...
![MCA Penalises Private Company and Three Directors for Non‑Compliance with Secretarial Standards in Board Report [Read Order]](https://images.taxscan.in/h-upload/2025/12/22/2113759-mca-penalty.webp "MCA Penalises Private Company and Three Directors for Non‑Compliance with Secretarial Standards in Board Report [Read Order]")
Sanction u/s 151 of Income Tax Act Neither Appealable nor Revisable, Attains Finality: Uttarakhand HC [Read Order]
The Uttarakhand High Court has ruled that a sanction granted or refused under Section 151 of the Income Tax Act, 1961 is neither appealable nor revisable and therefore attains finality. The...
![Sanction u/s 151 of Income Tax Act Neither Appealable nor Revisable, Attains Finality: Uttarakhand HC [Read Order]](https://images.taxscan.in/h-upload/2025/12/22/2113754-sanction-us-151-income-tax-act-neither-appealable-revisable-attains-finality-uttarakhand-hc-taxscan.webp "Sanction u/s 151 of Income Tax Act Neither Appealable nor Revisable, Attains Finality: Uttarakhand HC [Read Order]")
Mutual Fund Stock-in-Trade Investments Must Be Excluded while Computing Disallowance u/s 14A: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ), held that mutual fund investments treated as stock-in-trade must be excluded while computing disallowance under Section 14A of the Income...
![Mutual Fund Stock-in-Trade Investments Must Be Excluded while Computing Disallowance u/s 14A: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/12/22/2113723-mutual-fund-stock-trade-investments-computing-disallowance-14a-itat-taxscan.webp "Mutual Fund Stock-in-Trade Investments Must Be Excluded while Computing Disallowance u/s 14A: ITAT [Read Order]")
GST Registration Suspended from Day One: CA raises Flags Arbitrary Action without Preliminary Inquiry
A Chartered Accountant ( CA ) has brought up severe concerns about the way in which registrations for the Goods and Services Tax ( GST ) are canceled as soon as they are granted, claiming that the...
Criminal Prosecution under Companies Act cannot be Sought Directly through Writ Jurisdiction: Delhi HC [Read Order]
TheDelhi High Court has ruled that criminal prosecution for alleged violations of the Companies Act, 2013 cannot be directly sought by filing a writ petition under Article 226 of the Constitution....
![Criminal Prosecution under Companies Act cannot be Sought Directly through Writ Jurisdiction: Delhi HC [Read Order]](https://images.taxscan.in/h-upload/2025/12/22/2113737-criminal-prosecution-under-companies-act-cannot-be-sought-directly-through-writ-jurisdiction-delhi-hc-taxscan.webp "Criminal Prosecution under Companies Act cannot be Sought Directly through Writ Jurisdiction: Delhi HC [Read Order]")