![Import of Spare Power Supply Not Subject to BIS Licence Requirement: CESTAT Sets Aside Customs Confiscation and Penalty [Read Order]](https://images.taxscan.in/h-upload/2026/03/09/2128478-import-of-spare-power-supply-subject-bis-licence-requirement-cestat-customs-confiscation-penalty-.webp "Import of Spare Power Supply Not Subject to BIS Licence Requirement: CESTAT Sets Aside Customs Confiscation and Penalty [Read Order]")
Import of Spare Power Supply Not Subject to BIS Licence Requirement: CESTAT Sets Aside Customs Confiscation and Penalty [Read Order]
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has set aside the confiscation of the imported spare power supply units and the ...
![NCLT Rejects Shikhar Dhawan’s Insolvency Plea, Citing Contractual Ambiguities in Legends League Cricket Payment Dispute [Read Order]](https://images.taxscan.in/h-upload/2026/03/08/2128389-nclt-shikhar-dhawan-insolvency-plea-contractual-ambiguities-league-cricket-taxscan.webp "NCLT Rejects Shikhar Dhawan’s Insolvency Plea, Citing Contractual Ambiguities in Legends League Cricket Payment Dispute [Read Order]")
![Family Medical Emergency Prevented Filing of GST Returns: Gauhati HC Allows Assessee to Seek Restoration of Cancelled Registration [Read Order]](https://images.taxscan.in/h-upload/2026/03/07/2128293-family-medical-emergency-prevented-filing-of-gst-returns.webp "Family Medical Emergency Prevented Filing of GST Returns: Gauhati HC Allows Assessee to Seek Restoration of Cancelled Registration [Read Order]")
![15% Retention on Statutory Port Dues is Reimbursement of Overheads, Not Commission Under BAS: CESTAT [Read Order]](https://images.taxscan.in/h-upload/2026/03/07/2128275-15-retention-on-statutoryjpg.webp "15% Retention on Statutory Port Dues is Reimbursement of Overheads, Not Commission Under BAS: CESTAT [Read Order]")
Income Tax Revision Order Unsustainable as PCIT Conducted No Independent Inquiry and AO Had Taken a Plausible View: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, set aside the order passed by the Principal Commissioner of Income Tax (PCIT) under Section 263 of the Income Tax Act, 1961, holding...
![Income Tax Revision Order Unsustainable as PCIT Conducted No Independent Inquiry and AO Had Taken a Plausible View: ITAT [Read Order]](https://images.taxscan.in/h-upload/2026/03/07/2128262-income-tax-revision-order-unsustainable-pcit-independent-ao-had-taken-plausible-itat-.webp "Income Tax Revision Order Unsustainable as PCIT Conducted No Independent Inquiry and AO Had Taken a Plausible View: ITAT [Read Order]")
Re-assessment did not Follow the CVRs, Examination Sought before Assessment: CESTAT Allows Appeal [Read Order]
The Customs, Excise and Service Tax AppellateTribunal (CESTAT), Mumbai, allowed an appeal noting that the re-assessment did not follow the Customs Valuation (Determination of Valuation of Imported...
![Re-assessment did not Follow the CVRs, Examination Sought before Assessment: CESTAT Allows Appeal [Read Order]](https://images.taxscan.in/h-upload/2026/03/07/2128250-re-assessment-did-not-follow-the-cvrs-examination-sought-before-assessmentjpg.webp "Re-assessment did not Follow the CVRs, Examination Sought before Assessment: CESTAT Allows Appeal [Read Order]")
Prepayment Charges on Loan Terminated After Default Becomes Unsustainable: DRT Partly Allows ₹12.38 Lakh Kotak Mahindra Bank Claim [Read Order]
The Debts Recovery Tribunal, Delhi has held that pre-payment charges cannot be recovered if the loan agreement has already been terminated on account of default, while allowing the bank's recovery...
![Prepayment Charges on Loan Terminated After Default Becomes Unsustainable: DRT Partly Allows ₹12.38 Lakh Kotak Mahindra Bank Claim [Read Order]](https://images.taxscan.in/h-upload/2026/03/07/2128228-prepayment-charges-terminated-after-default-becomes-unsustainable-drt-kotak-mahindra-bank-claim-.webp "Prepayment Charges on Loan Terminated After Default Becomes Unsustainable: DRT Partly Allows ₹12.38 Lakh Kotak Mahindra Bank Claim [Read Order]")
NCLAT Examines Scope of CIRP in IL&FS Default, Considers Project-Wise Resolution for Real Estate Projects [Read Order]
The National Company Law Appellate Tribunal(NCLAT) has looked at the ambit and procedure for conducting the CorporateInsolvency Resolution Process (CIRP) in the context of the Corporate Insolvency ...
![NCLAT Examines Scope of CIRP in IL&FS Default, Considers Project-Wise Resolution for Real Estate Projects [Read Order]](https://images.taxscan.in/h-upload/2026/03/07/2128221-real-estatejpg.webp "NCLAT Examines Scope of CIRP in IL&FS Default, Considers Project-Wise Resolution for Real Estate Projects [Read Order]")
DRT Dismisses Securitisation Application as Not Maintainable Following Withdrawal of Writ Petition Without Liberty [Read Order]
The Debts Recovery Tribunal,Chandigarh has dismissed the Securitisation Application (SA) on the ground that the borrowers were not entitled to approach the Tribunal under its jurisdiction after...
![DRT Dismisses Securitisation Application as Not Maintainable Following Withdrawal of Writ Petition Without Liberty [Read Order]](https://images.taxscan.in/h-upload/2026/03/07/2128227-drt-dismisses-securitisation-application-taxscan.webp "DRT Dismisses Securitisation Application as Not Maintainable Following Withdrawal of Writ Petition Without Liberty [Read Order]")