![Debt Claim Rejected under Co-op Act Bars SARFAESI Measures: DRAT [Read Order]](https://images.taxscan.in/h-upload/2026/01/31/500x300_2122694-debt-claim-rejected-under-co-op-act-bars-sarfaesi-measures-drat-taxcsan.webp "Debt Claim Rejected under Co-op Act Bars SARFAESI Measures: DRAT [Read Order]")
Debt Claim Rejected under Co-op Act Bars SARFAESI Measures: DRAT [Read Order]
The Debts Recovery Appellate Tribunal (DRAT), Mumbai bench, has held that once a debt claim is rejected under the Maharashtra Co-operative Societies...
![Deposit of ₹5 Crore Cannot Convert Non-Bailable GST Offence into Bailable, but Bail can be Granted: Rajasthan HC [Read Order]](https://images.taxscan.in/h-upload/2026/01/31/250x150_2122692-deposit-5-crore-cannot-convert-non-bailable-gst-offence-bailable-taxscan.webp "Deposit of ₹5 Crore Cannot Convert Non-Bailable GST Offence into Bailable, but Bail can be Granted: Rajasthan HC [Read Order]")
![Failure to Serve Possession & Sale Notices on Corporate Guarantor: DRAT Upholds DRT Order, Dismisses Canara Bank’s Appeal [Read Order]](https://images.taxscan.in/h-upload/2026/01/31/250x150_2122689-failure-serve-possession-sale-notices-corporate-guarantor-drat-upholds-drt-order-dismisses-canara-banks-appeal.webp "Failure to Serve Possession & Sale Notices on Corporate Guarantor: DRAT Upholds DRT Order, Dismisses Canara Bank’s Appeal [Read Order]")
![Big Relief for GST Taxpayers: GSTN Revises Interest Calculation for Late GSTR-3B Filing [Read Advisory]](https://images.taxscan.in/h-upload/2026/01/31/250x150_2122685-big-relief-for-gst-taxpayers-gstn-revises-interest-calculation-for-late-gstr-3b-filing-taxscan.webp "Big Relief for GST Taxpayers: GSTN Revises Interest Calculation for Late GSTR-3B Filing [Read Advisory]")
DGFT Imposes Import Restrictions on Penicillin, 6-APA & Amoxycillin Below Minimum Price Threshold [Read Notification]
The Directorate General of Foreign Trade (DGFT) issued Notification No. 56/2025-26 dated 29 January 2026 amending India’s import policy for certain key antibiotic raw materials. The notification...
![DGFT Imposes Import Restrictions on Penicillin, 6-APA & Amoxycillin Below Minimum Price Threshold [Read Notification]](https://images.taxscan.in/h-upload/2026/01/30/500x300_2122608-dgft-import-restrictions-penicillin-6-apa-amoxycillin-minimum-price-threshold-taxscan.webp "DGFT Imposes Import Restrictions on Penicillin, 6-APA & Amoxycillin Below Minimum Price Threshold [Read Notification]")
No Reassessment if Income Already Taxed at Highest Rate: Delhi HC Dismisses Revenue’s Appeal in Client Code Modification Case [Read Order]
In a recent ruling, the Delhi High Court held that reassessment cannot be done when the assessee has already disclosed the income and paid tax at the highest rate and dismissed the Revenue’s appeal...
![No Reassessment if Income Already Taxed at Highest Rate: Delhi HC Dismisses Revenue’s Appeal in Client Code Modification Case [Read Order]](https://images.taxscan.in/h-upload/2026/01/30/500x300_2122609-no-reassessment-income-already-taxed-highest-rate-delhi-hc-dismisses-revenues-appeal-client-code-modification-case-taxscan.webp "No Reassessment if Income Already Taxed at Highest Rate: Delhi HC Dismisses Revenue’s Appeal in Client Code Modification Case [Read Order]")
Interest on Investment by Co-operative Society with another Co-operative Society Eligible for Income Tax Deduction u/s 80P: ITAT [Read Order]
The Income Tax Appellate Tribunal, (ITAT), Pune Bench, held that the interest income earned by a Co-operative society from investment made with another Co-operative society is eligible for ...
![Interest on Investment by Co-operative Society with another Co-operative Society Eligible for Income Tax Deduction u/s 80P: ITAT [Read Order]](https://images.taxscan.in/h-upload/2026/01/30/500x300_2122603-interest-investment-co-operative-society-another-co-operative-society-taxscan.jfif "Interest on Investment by Co-operative Society with another Co-operative Society Eligible for Income Tax Deduction u/s 80P: ITAT [Read Order]")
Ignoring Earlier HC Rulings, Revenue Cannot Insist on 10% TDS u/s 197 Without Showing Change in Facts: Delhi HC in SFDC Ireland Case [Read Order]
In a recent ruling, the Delhi High Court held that the Income Tax Department cannot force 10% TDS (Tax Deducted at Source) under Section 197 when there is no change in facts and earlier High Court...
![Ignoring Earlier HC Rulings, Revenue Cannot Insist on 10% TDS u/s 197 Without Showing Change in Facts: Delhi HC in SFDC Ireland Case [Read Order]](https://images.taxscan.in/h-upload/2026/01/30/500x300_2122584-ignoring-earlier-hc-rulings-revenue-cannot-insist.webp "Ignoring Earlier HC Rulings, Revenue Cannot Insist on 10% TDS u/s 197 Without Showing Change in Facts: Delhi HC in SFDC Ireland Case [Read Order]")
![Jewellery Sale Found Genuine: ITAT Deletes ₹1.45 Cr Demonetisation Cash Addition u/s 68 [Read Order]](https://images.taxscan.in/h-upload/2026/01/30/500x300_2122592-jewellery-sale-found-genuine-taxscan.webp "Jewellery Sale Found Genuine: ITAT Deletes ₹1.45 Cr Demonetisation Cash Addition u/s 68 [Read Order]")
Taxpayer Only Account Opener, Acted as Conduit for Third Party Funds: ITAT Limits Income Tax Liability to 0.5% Commission [Read Order]
The Income Tax Appellant Tribunal (“ITAT”), Surat Bench, recently limited income tax liability for the account opener, a conduit for third party funds. The taxpayer’s income tax liability was...
![Taxpayer Only Account Opener, Acted as Conduit for Third Party Funds: ITAT Limits Income Tax Liability to 0.5% Commission [Read Order]](https://images.taxscan.in/h-upload/2026/01/30/500x300_2122575-taxpayer-account-third-party-funds-itat-limits-income-tax-liability-commission-taxscan.webp "Taxpayer Only Account Opener, Acted as Conduit for Third Party Funds: ITAT Limits Income Tax Liability to 0.5% Commission [Read Order]")