CBDT Grants S.10(46A) Income Tax Exemption to Punjab Urban Planning and Development Authority
The Central Board of Direct Taxes (CBDT), under the Ministry of Finance through a Gazette Notification issued on December 15, 2025, has granted...
![Cash Deposit used for Creating FD cannot Be Clubbed to Cross ₹50 Lakh Threshold: Madras HC Quashes Section 148A Action [Read Order]](https://images.taxscan.in/h-upload/2025/12/17/2112744-cash-deposit-creating-fd-clubbed-threshold-madras-hc-section148a-action-taxscan.webp "Cash Deposit used for Creating FD cannot Be Clubbed to Cross ₹50 Lakh Threshold: Madras HC Quashes Section 148A Action [Read Order]")
![Loose Papers, WhatsApp Chats Not Enough: ITAT Quashes S. 69A Additions in Balmukund Group Cases [Read Order]](https://images.taxscan.in/h-upload/2025/12/17/2112749-loose-papers-whatsapp-chats-not-enough-itat-taxscan.webp "Loose Papers, WhatsApp Chats Not Enough: ITAT Quashes S. 69A Additions in Balmukund Group Cases [Read Order]")
![GST Portal Glitches Blocking TRAN‑1 Filing cannot Defeat Transitional ITC Claim: Delhi HC Orders ₹99 Lakh Credit to be Reflected in ECL [Read Order]](https://images.taxscan.in/h-upload/2025/12/17/2112731-delhi-hc-gst-portal-blocking-tran1-filing-ecl-defeat-transitional-itc-claim-taxscan.webp "GST Portal Glitches Blocking TRAN‑1 Filing cannot Defeat Transitional ITC Claim: Delhi HC Orders ₹99 Lakh Credit to be Reflected in ECL [Read Order]")
Small-Scale Exemption Cannot be Denied without Evidence: CESTAT Rules Expert Opinion Inadmissible, Sets Aside Excise Duty Demand [Read Order]
The Chandigarh Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) ruled that the department failed to prove that the product manufactured was 'Brass Ingots' rather than 'Brass...
![Small-Scale Exemption Cannot be Denied without Evidence: CESTAT Rules Expert Opinion Inadmissible, Sets Aside Excise Duty Demand [Read Order]](https://images.taxscan.in/h-upload/2025/12/17/2112734-small-scale-exemption-cannot-denied-without-evidence-cestat-rules-expert-opinion-inadmissible-sets-aside-excise-duty-demand-taxscan-.webp "Small-Scale Exemption Cannot be Denied without Evidence: CESTAT Rules Expert Opinion Inadmissible, Sets Aside Excise Duty Demand [Read Order]")
Income Tax Dept. cannot Deny STCL Set-off against LTCG after accepting Same Claim in Factually-Identical Connected Cases: Bombay HC [Read Judgment]
The Bombay HighCourt has held that the Income Tax Department cannot deny the set-off of short-term capital loss (STCL) against long-term capital gains (LTCG) to an assessee after having accepted the...
![Income Tax Dept. cannot Deny STCL Set-off against LTCG after accepting Same Claim in Factually-Identical Connected Cases: Bombay HC [Read Judgment]](https://images.taxscan.in/h-upload/2025/12/17/2112727-income-tax-dept-cannot-deny-stcl-set-off-against-ltcg-accepting-same-claim-factually-identical-connected-cases-bombay-hc-taxscan.webp "Income Tax Dept. cannot Deny STCL Set-off against LTCG after accepting Same Claim in Factually-Identical Connected Cases: Bombay HC [Read Judgment]")
Rough Estimates in Private Diaries Not Sufficient to Prove Clandestine Clearance: CESTAT Sets Aside Central Excise Duty Demand and Penalties [Read Order]
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT) Bench at Kolkata, has set aside a Central Excise Duty demand of over Rs. 19.6 Lakhs, along with all associated penalties. The...
![Rough Estimates in Private Diaries Not Sufficient to Prove Clandestine Clearance: CESTAT Sets Aside Central Excise Duty Demand and Penalties [Read Order]](https://images.taxscan.in/h-upload/2025/12/13/2111936-cestat-kolkata-rough-estimates-private-diaries-not-sufficient-clandestine-clearance-central-excise-duty-demand-penalties-taxscan.webp "Rough Estimates in Private Diaries Not Sufficient to Prove Clandestine Clearance: CESTAT Sets Aside Central Excise Duty Demand and Penalties [Read Order]")
Capital Gains for Home Buyers: Section 54F vs. Section 86 Explained [Old vs New Tax Act Series- Article 1]
The Income Tax Act 2025 has redefined Section 54F as Section 86. However, this is not a mere change in name. The two sections do provide the same capital gaintax exemption for capital assets sold,...
![Capital Gains for Home Buyers: Section 54F vs. Section 86 Explained [Old vs New Tax Act Series- Article 1]](https://images.taxscan.in/h-upload/2025/12/17/2112708-capital-gains-home-buyers-section-54f-vs-section-86-explained-old-vs-new-tax-act-series-article-1.webp "Capital Gains for Home Buyers: Section 54F vs. Section 86 Explained [Old vs New Tax Act Series- Article 1]")
GST Authorities cannot Seize Cash as ‘Goods’ under CGST Act: Calcutta HC Orders De-Sealing of ₹24 Lakh [Read Order]
In a recent ruling, the Calcutta High Court held that GST authorities have no power to seize or seal cash as “goods” under the CGST Act, and directed the department to de-seal Rs. 24 lakh that was ...
![GST Authorities cannot Seize Cash as ‘Goods’ under CGST Act: Calcutta HC Orders De-Sealing of ₹24 Lakh [Read Order]](https://images.taxscan.in/h-upload/2025/12/17/2112719-gst-authorities-seize-cash-goods-cgst-act-calcutta-hc-orders-de-sealing-taxscan.webp "GST Authorities cannot Seize Cash as ‘Goods’ under CGST Act: Calcutta HC Orders De-Sealing of ₹24 Lakh [Read Order]")
AC‑DC & DC‑DC Power Modules Qualify as Static Converters: CAAR Grants Nil BCD Benefit for Telecom Equipment in Favour of Sanmina SCI [Read Order]
The Customs Authority for Advance Rulings (CAAR), Mumbai, has held that various AC‑DC and DC‑DC power modules imported by Sanmina SCI India qualify as static converters under Heading 8504 of...
![AC‑DC & DC‑DC Power Modules Qualify as Static Converters: CAAR Grants Nil BCD Benefit for Telecom Equipment in Favour of Sanmina SCI [Read Order]](https://images.taxscan.in/h-upload/2025/12/16/2112637-acdc-dcdc-power-modules-qualify-static-converters-caar-grants-nil-bcd-benefit-telecom-equipment-favour-sanmina-sci.webp "AC‑DC & DC‑DC Power Modules Qualify as Static Converters: CAAR Grants Nil BCD Benefit for Telecom Equipment in Favour of Sanmina SCI [Read Order]")
Vesting of Assets in Official Liquidator Post‑Winding‑Up No Basis to Quash Criminal Case against Petitioner: Calcutta HC [Read Order]
The Calcutta High Court, in a recent case, dismissed a criminal revisional application seeking the quashing of proceedings under Section 482 of the Code of Criminal Procedure. It was also held that...
![Vesting of Assets in Official Liquidator Post‑Winding‑Up No Basis to Quash Criminal Case against Petitioner: Calcutta HC [Read Order]](https://images.taxscan.in/h-upload/2025/12/12/2111666-vesting-assets-official-liquidator-postwindingup-no-basis-quash-criminal-case-against-petitioner-calcutta-hc-taxscan.webp "Vesting of Assets in Official Liquidator Post‑Winding‑Up No Basis to Quash Criminal Case against Petitioner: Calcutta HC [Read Order]")