![Writ Becomes Infructuous If Final Assessment Already Passed: Calcutta HC Directs Petitioner to Avail Alternative Remedy [Read Order]](https://images.taxscan.in/h-upload/2025/10/26/500x300_2099927-writ-infructuous-final-assessment-already-passed-calcutta-hc-petitioner-avail-alternative-remedy-taxscan.webp "Writ Becomes Infructuous If Final Assessment Already Passed: Calcutta HC Directs Petitioner to Avail Alternative Remedy [Read Order]")
Writ Becomes Infructuous If Final Assessment Already Passed: Calcutta HC Directs Petitioner to Avail Alternative Remedy [Read Order]
In a recent ruling, the Calcutta High Court held that a writ petition challenging reassessment proceedings under the Income Tax Act becomes...
![Notice u/s 148 Invalid as Seized Material Not an Asset or Books of Account: ITAT Quashes Reassessment [Read Order]](https://images.taxscan.in/h-upload/2025/10/25/250x150_2099777-seized-material-books-of-account-itat-taxscan.webp "Notice u/s 148 Invalid as Seized Material Not an Asset or Books of Account: ITAT Quashes Reassessment [Read Order]")
![Promotion of Industry and Trade is General Public Utility: ITAT Directs CIT(E) to Grant Registration U/S 10(23C)(iv), Citing SC Outcome [Read Order]](https://images.taxscan.in/h-upload/2025/10/25/250x150_2099772-general-public-utility-taxscan.webp "Promotion of Industry and Trade is General Public Utility: ITAT Directs CIT(E) to Grant Registration U/S 10(23C)(iv), Citing SC Outcome [Read Order]")
![Taxpayer Not Entitled to Refund of Excess Excise Duty in Absence of Provisional Assessment: CESTAT [Read Order]](https://images.taxscan.in/h-upload/2025/10/25/250x150_2099773-taxpayer-refund-excess-excise-duty-cestat-taxscan.webp "Taxpayer Not Entitled to Refund of Excess Excise Duty in Absence of Provisional Assessment: CESTAT [Read Order]")
![CBIC Issues FAQs on Consolidated Customs Exemption Notification: Clarifies IGST, BCD and Validity [Read FAQs]](https://images.taxscan.in/h-upload/2025/10/25/250x150_2099839-cbic-faqs-customs-exemption-customs-clarifies-igst-igst-taxscan.webp "CBIC Issues FAQs on Consolidated Customs Exemption Notification: Clarifies IGST, BCD and Validity [Read FAQs]")
Gauhati HC Grants Bail to Businessman Accused of ₹3 Crore GST Credit Misuse After 15 Days in Judicial Custody [Read Order]
In a recent ruling, the Gauhati High Court granted regular bail to Ujjawal Kumar Agarwal, a businessman accused of wrongfully availing ineligible Input Tax Credit (ITC) worth about Rs. 3 crore under...
![Gauhati HC Grants Bail to Businessman Accused of ₹3 Crore GST Credit Misuse After 15 Days in Judicial Custody [Read Order]](https://images.taxscan.in/h-upload/2025/10/25/500x300_2099804-bail-taxscan.webp "Gauhati HC Grants Bail to Businessman Accused of ₹3 Crore GST Credit Misuse After 15 Days in Judicial Custody [Read Order]")
Apple Pushes for Major Overhaul of India’s Tax Laws to Protect Billion-Dollar Investments in iPhone Manufacturing, Citing Risks to Expansion and Shift Away from China
Apple has entered a high-stakes standoff with the Indian government over the Income Tax Act of 1961, a decades-old law that could make its global iPhone profits taxable in India simply because the...
ICAI UDIN Website Updates for Reporting of Audit Opinion of Assessees Mere 5 Days before Tax Audit Deadline
In a move that has stirred both curiosity and concern among practicing Chartered Accountants (CA), Institute of Chartered Accountants of India’s (ICAI) UDIN generation page now requires auditors to...
SEBI Issues Consultation Paper to Standardise Mutual Fund Folio Opening and First Investment Process
The Securities and Exchange Board of India (SEBI) has released a consultation paper, proposing a uniform process for the opening of mutual fund folios and execution of the first investment. The step...
Failure to Fulfil Export Obligations Under Advance Authorization: Delhi HC Quashes Customs Demand After DGFT Confirms Fulfilment [Read Order]
The High Court of Delhi, quashed the customs demand against the assessee after Directorate General of Foreign Trade ( DGFT ) confirmed that the company had fulfilled its export obligations under...
![Failure to Fulfil Export Obligations Under Advance Authorization: Delhi HC Quashes Customs Demand After DGFT Confirms Fulfilment [Read Order]](https://images.taxscan.in/h-upload/2025/10/25/500x300_2099770-failure-to-fulfil-export-obligations-advance-authorization-delhi-hc-customs-demand-dgft-fulfilment-taxscan.webp "Failure to Fulfil Export Obligations Under Advance Authorization: Delhi HC Quashes Customs Demand After DGFT Confirms Fulfilment [Read Order]")
![ICAI answers Additional FAQs for Auditor’s Opinion on Financial Statements [Read FAQs]](https://images.taxscan.in/h-upload/2025/10/25/500x300_2099781-icai-faq-financial-statements-taxscan.webp "ICAI answers Additional FAQs for Auditor’s Opinion on Financial Statements [Read FAQs]")