![CENVAT Credit on Balance 50% of Capital Goods Can Be Availed in Subsequent Years: CESTAT Holds Rejection Unsustainable [Read Order]](https://images.taxscan.in/h-upload/2025/11/13/500x300_2104832-cenvat-credit-capital-goods-cestat-taxscan.webp "CENVAT Credit on Balance 50% of Capital Goods Can Be Availed in Subsequent Years: CESTAT Holds Rejection Unsustainable [Read Order]")
CENVAT Credit on Balance 50% of Capital Goods Can Be Availed in Subsequent Years: CESTAT Holds Rejection Unsustainable [Read Order]
The Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ), Principal Bench, New Delhi, has held that the rejection of CENVAT credit taken...
![‘Twaron Para-Aramid Pulp’ is Textile Flock under Customs Tariff: CESTAT Directs Importer to Pay Differential Duty [Read Order]](https://images.taxscan.in/h-upload/2025/11/13/250x150_2104821-twaron-para-aramid-pulp-para-aramid-pulp-textile-flock-customs-tariff-taxscan.webp "‘Twaron Para-Aramid Pulp’ is Textile Flock under Customs Tariff: CESTAT Directs Importer to Pay Differential Duty [Read Order]")
![Not Disclosing Fibre Length in Import of ‘Para-Aramid Pulp’ not Suppression: CESTAT Bars Extended Limitation by Customs [Read Order]](https://images.taxscan.in/h-upload/2025/11/13/250x150_2104820-fibre-length-in-import-para-aramid-pulp-cestat-bars-extended-customs-taxscan.webp "Not Disclosing Fibre Length in Import of ‘Para-Aramid Pulp’ not Suppression: CESTAT Bars Extended Limitation by Customs [Read Order]")
![Service Tax Relief on Works for RDA and NRDA Townships under 2012 Notification: Supreme Court to Hear L&T’s Appeal [Read Judgement]](https://images.taxscan.in/h-upload/2025/11/13/250x150_2104815-service-tax-relief-works-rda-nrda-townships-2012-notification-supreme-court-hear-lts-appeal-taxscan.webp "Service Tax Relief on Works for RDA and NRDA Townships under 2012 Notification: Supreme Court to Hear L&T’s Appeal [Read Judgement]")
![Estimated Interest on Interest-Free Advances Cannot Be Taxed Without Verification: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/11/13/250x150_2104807-estimated-interest-interest-free-advances-verification-itat-taxscan.webp "Estimated Interest on Interest-Free Advances Cannot Be Taxed Without Verification: ITAT [Read Order]")
GAAAR Upholds Denial of ITC on Share Buyback Expenses for Gujarat Narmada Valley Fertilizers & Chemicals Ltd [Read Order]
The Gujarat Appellate Authority for Advance Ruling (GAAAR) upheld that expenses such as professional fees and legal charges relating to the buyback are not eligible for ITC, and further mandated the...
![GAAAR Upholds Denial of ITC on Share Buyback Expenses for Gujarat Narmada Valley Fertilizers & Chemicals Ltd [Read Order]](https://images.taxscan.in/h-upload/2025/11/10/500x300_2103846-gujarat-narmada-valley-fertilizers-chemicals-ltd-site-image.webp "GAAAR Upholds Denial of ITC on Share Buyback Expenses for Gujarat Narmada Valley Fertilizers & Chemicals Ltd [Read Order]")
Gold Jewellery Belongs to Wife and Mother and within Permissible Limits Set by CBDT: ITAT Deletes Addition [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) deleted additions of Unexplained Gold jewellery belonging to the Assessee’s wife and mother, where the quantity was within the prescribed...
![Gold Jewellery Belongs to Wife and Mother and within Permissible Limits Set by CBDT: ITAT Deletes Addition [Read Order]](https://images.taxscan.in/h-upload/2025/11/13/500x300_2104755-gold-jewellery-taxscan.webp "Gold Jewellery Belongs to Wife and Mother and within Permissible Limits Set by CBDT: ITAT Deletes Addition [Read Order]")
Bombay HC Strikes Down EEZ Customs Seizure Without Notification: SC to Decide on Department’s Appeal [Read Order]
The Supreme Court is to hear the appeal of the customs department following the ruling of the Bombay High Court that the Commissioner of Customs lacked jurisdiction to seize an offshore rig located...
![Bombay HC Strikes Down EEZ Customs Seizure Without Notification: SC to Decide on Department’s Appeal [Read Order]](https://images.taxscan.in/h-upload/2025/11/13/500x300_2104750-customs-seizure-taxscan.webp "Bombay HC Strikes Down EEZ Customs Seizure Without Notification: SC to Decide on Department’s Appeal [Read Order]")
Testing Equipment Not a Taxable Benefit u/s 28(iv): ITAT Deletes ₹7.73 Cr Addition Against AMD India [Read Order]
The Bangalore bench of Income Tax Appellate Tribunal (ITAT) has ruled that testing equipment received free of cost by AMD India Pvt. Ltd. from its Associated Enterprises (AEs) does not constitute a...
![Testing Equipment Not a Taxable Benefit u/s 28(iv): ITAT Deletes ₹7.73 Cr Addition Against AMD India [Read Order]](https://images.taxscan.in/h-upload/2025/11/13/500x300_2104743-incometax-addition-taxscan1.webp "Testing Equipment Not a Taxable Benefit u/s 28(iv): ITAT Deletes ₹7.73 Cr Addition Against AMD India [Read Order]")
Comparables Functionally Dissimilar, Receivables Subsumed in Working Capital: ITAT Deletes TP Adjustment in AMD India Case [Read Order]
The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) deleted a ₹19.63 crore adjustment proposed by the Transfer Pricing Officer (TPO) against AMD India Pvt. Ltd., as comparables were...
![Comparables Functionally Dissimilar, Receivables Subsumed in Working Capital: ITAT Deletes TP Adjustment in AMD India Case [Read Order]](https://images.taxscan.in/h-upload/2025/11/13/500x300_2104741-amd-tp-case-taxscan.webp "Comparables Functionally Dissimilar, Receivables Subsumed in Working Capital: ITAT Deletes TP Adjustment in AMD India Case [Read Order]")
Centre may introduce New NCCD or Cess on Tobacco and Pan Masala to Maintain Tax Incidence Under GST 2.0
The government is likely to introduce a new central levy such as a National Calamity Contingent Duty (NCCD) or cess on tobacco and pan masala in the upcoming Union Budget. This is to make sure that ...
Allahabad HC Orders GSTN to Modify Portal within 1 Month to Allow Appeals Even When Disputed Tax Shows Nil [Read Order]
The Allahabad High Court directed the GSTN ( Goods and Services Tax Network ) to modify GST portal within one month to allow appeals even when disputed tax shows ‘Nil’ and held that a statutory ...
![Allahabad HC Orders GSTN to Modify Portal within 1 Month to Allow Appeals Even When Disputed Tax Shows Nil [Read Order]](https://images.taxscan.in/h-upload/2025/11/12/500x300_2104519-allahabad-hc-gstn-modify-portal-disputed-tax-shows-allahabad-hc-orders-taxscan.webp "Allahabad HC Orders GSTN to Modify Portal within 1 Month to Allow Appeals Even When Disputed Tax Shows Nil [Read Order]")