![Change of Opinion Bars Reopening: Calcutta HC sets aside Income Tax Notice against Coal Manufacturer on alleged Cash Return [Read Order]](https://images.taxscan.in/h-upload/2025/12/13/2111900-calcutta-hc-income-tax-notice-taxscan.jfif "Change of Opinion Bars Reopening: Calcutta HC sets aside Income Tax Notice against Coal Manufacturer on alleged Cash Return [Read Order]")
Change of Opinion Bars Reopening: Calcutta HC sets aside Income Tax Notice against Coal Manufacturer on alleged Cash Return [Read Order]
The Calcutta High Court has set aside an income‑tax reassessment notice issued to the petitioner, holding that reopening based on identical...
![Penalty Not Sustainable when Customs Ignores Assessee’s Valuation: CESTAT Quashes Penalties of Rs 1.57 Crore [Read Order]](https://images.taxscan.in/h-upload/2025/12/13/2111929-penalty-not-sustainabler-customs-assessee-valuation-cestat-penalties-taxscan.webp "Penalty Not Sustainable when Customs Ignores Assessee’s Valuation: CESTAT Quashes Penalties of Rs 1.57 Crore [Read Order]")
![Gold Seizure by Customs: CESTAT says Dept failed to prove Seized Gold is Foreign and Smuggled, Orders Release [Read Order]](https://images.taxscan.in/h-upload/2025/12/13/2111930-gold-seizure-customs-cestat-failed-seized-gold-foreign-smuggled-orders-release-taxscan.webp "Gold Seizure by Customs: CESTAT says Dept failed to prove Seized Gold is Foreign and Smuggled, Orders Release [Read Order]")
![Excise Duty Cannot Rest on Assumptions: CESTAT Rules Clandestine Clearance Allegation Fails for Lack of Cogent Evidence [Read Order]](https://images.taxscan.in/h-upload/2025/12/12/2111694-excise-duty-assumptions-cestat-rules-clandestine-clearance-allegation-cogent-evidence-taxscan.webp "Excise Duty Cannot Rest on Assumptions: CESTAT Rules Clandestine Clearance Allegation Fails for Lack of Cogent Evidence [Read Order]")
![Duty Demand on DFIA Imports Set Aside: CESTAT Rules Extended Limitation Cannot Apply to Bona Fide Transferee [Read Order]](https://images.taxscan.in/h-upload/2025/12/12/2111684-duty-demand-dfia-imports-cestat-rules-extended-limitation-apply-bona-fide-transferee-taxscan.webp "Duty Demand on DFIA Imports Set Aside: CESTAT Rules Extended Limitation Cannot Apply to Bona Fide Transferee [Read Order]")
Clandestine Removal Charge Fails: CESTAT Drops ₹97.9 Lakh Excise Demand over Non-Compliance with S.9D and S. 36B [Read Order]
The Kolkata Bench of Customs, Excise and Service Tax Appellate Tribunal (CESTAT) held that THE clandestine removal charge could not be sustained and the demand of ₹97.9 lakh was required to be set...
![Clandestine Removal Charge Fails: CESTAT Drops ₹97.9 Lakh Excise Demand over Non-Compliance with S.9D and S. 36B [Read Order]](https://images.taxscan.in/h-upload/2025/12/12/2111695-clandestine-removal-charge-fails-cestat-drops-excise-demand-over-non-compliance.webp "Clandestine Removal Charge Fails: CESTAT Drops ₹97.9 Lakh Excise Demand over Non-Compliance with S.9D and S. 36B [Read Order]")
Insurance Company's CENVAT Credit Appeal Allowed: CESTAT Rules Services Received Before Restrictive Definition Applied [Read Order]
The Chennai Bench of Customs, Excise & Service Tax Appellate Tribunal (CESTAT) allowed the Appellant’s appeal, holding that credit cannot be denied on grounds not raised in the Show Cause...
![Insurance Companys CENVAT Credit Appeal Allowed: CESTAT Rules Services Received Before Restrictive Definition Applied [Read Order]](https://images.taxscan.in/h-upload/2025/12/12/2111677-insurance-companys-cenvat-credit-appeal-allowed-cestat-rules-services-received-before-restrictive-definition-applied.webp "Insurance Companys CENVAT Credit Appeal Allowed: CESTAT Rules Services Received Before Restrictive Definition Applied [Read Order]")
Provision for Future Expenses Allowable under Matching Principle: ITAT Quashes Reassessment due to Lack of New Material [Read Order]
The Jaipur Bench of the Income Tax Appellate Tribunal ( ITAT ) quashed the reassessment initiated under Section 147/148 and deleted the disallowance of provision for future expenses, holding that...
![Provision for Future Expenses Allowable under Matching Principle: ITAT Quashes Reassessment due to Lack of New Material [Read Order]](https://images.taxscan.in/h-upload/2025/12/09/2111077-provision-future-expenses-matching-principle-itat-quashes-reassessment-lack-new-material-taxscan.webp "Provision for Future Expenses Allowable under Matching Principle: ITAT Quashes Reassessment due to Lack of New Material [Read Order]")
‘Amount was Towards Tax Arrears not Bribe’: Bombay HC Rejects State’s Plea in ‘Gramsevak’ Bribery Case [Read Order]
The Bombay High Court (Aurangabad Bench) has dismissed the State’s application seeking leave to appeal against the acquittal of a Gramsevak in an ACB trap case, holding that the money accepted...
![‘Amount was Towards Tax Arrears not Bribe’: Bombay HC Rejects State’s Plea in ‘Gramsevak’ Bribery Case [Read Order]](https://images.taxscan.in/h-upload/2025/12/13/2111878-bombay-high-court-taxscan.jfif "‘Amount was Towards Tax Arrears not Bribe’: Bombay HC Rejects State’s Plea in ‘Gramsevak’ Bribery Case [Read Order]")
ICSI Inaugurates 4th Centre for Corporate Governance, Research and Training (CCGRT) at IMT Manesar, Haryana
TheInstitute of Company Secretaries of India (ICSI) has inaugurated its fourth Centre for Corporate Governance, Research and Training (CCGRT) at IMT Manesar, Haryana, marking a significant expansion...
![ICAI Announces Exam Schedule for CA Foundation, Intermediate & Final - May 2026 [Read Notification]](https://images.taxscan.in/h-upload/2025/12/13/2111870-icai-announces-exam-schedule-ca-foundation-intermediate-final-may-2026-taxscan.webp "ICAI Announces Exam Schedule for CA Foundation, Intermediate & Final - May 2026 [Read Notification]")
New Possibilities for Indian CA Firms: ICAI Liberalises Advertising Norms, Read Complete Decisions of Council Here
The Institute of Chartered Accountants of India ( ICAI ) has announced a set of reforms that are believed to open new growth opportunities for Indian Chartered Accountant firms, especially small...
