ICAI President writes to CBIC Chairman, asks for GSTR-3B Due Date Extension in View of Diwali Season
The Institute of CharteredAccountants of India (ICAI) has requested the Central Board of Indirect Taxes and Customs (CBIC) to extend the due date for...
![No Disallowance can be made without Rejecting Books of Account: ITAT Deletes ₹63.16 Lakh addition on Expenses [Read Order]](https://images.taxscan.in/h-upload/2025/10/16/250x150_2097111-books-of-account-itat-taxscan.webp "No Disallowance can be made without Rejecting Books of Account: ITAT Deletes ₹63.16 Lakh addition on Expenses [Read Order]")
![Disallowance Invalid When Amount Not Charged to P&L: ITAT deletes ₹25.55 Lakh WIP Addition Citing Presumption Basis [Read Order]](https://images.taxscan.in/h-upload/2025/10/16/250x150_2097124-disallowance-charged-to-pl-itat-wip-addition-citing-wip-additio-taxscan.webp "Disallowance Invalid When Amount Not Charged to P&L: ITAT deletes ₹25.55 Lakh WIP Addition Citing Presumption Basis [Read Order]")
![Used Machinery cannot be imported under EPCG Scheme: CESTAT Finds No Fraud, Sets Aside Penalty [Read Order]](https://images.taxscan.in/h-upload/2025/10/16/250x150_2097100-cestat-epcg-scheme-taxscan.webp "Used Machinery cannot be imported under EPCG Scheme: CESTAT Finds No Fraud, Sets Aside Penalty [Read Order]")
Mere Purchase of Land Not Commencement of Charitable Activities: ITAT directs to Grant Registration u/s 12AB [Read Order]
The Chandigarh Bench of the Income Tax Appellate Tribunal ( ITAT ) has held that the mere purchase of land or preparatory steps such as acquiring infrastructure cannot be equated with the...
![Mere Purchase of Land Not Commencement of Charitable Activities: ITAT directs to Grant Registration u/s 12AB [Read Order]](https://images.taxscan.in/h-upload/2025/10/16/500x300_2097092-purchase-of-land-charitable-activities-itat-taxscan.webp "Mere Purchase of Land Not Commencement of Charitable Activities: ITAT directs to Grant Registration u/s 12AB [Read Order]")
Third-Party Statement Basis for Reassessment of ₹2.86 Cr Cash Deposit: ITAT remands File to CIT(A) for Source Verification [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) upheld the reassessment of ₹2.86 Cr cash deposit based on the third party's statement and remanded the file to CIT(A) for the verification of...
![Third-Party Statement Basis for Reassessment of ₹2.86 Cr Cash Deposit: ITAT remands File to CIT(A) for Source Verification [Read Order]](https://images.taxscan.in/h-upload/2025/10/16/500x300_2097116-reassessment-taxscan.webp "Third-Party Statement Basis for Reassessment of ₹2.86 Cr Cash Deposit: ITAT remands File to CIT(A) for Source Verification [Read Order]")
CIT(A) Restricts Addition on Alleged Bogus Transactions to 5% Instead of 100%: ITAT Orders De Novo Adjudication on Revenue’s Appeal [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ), with respect to the case involving alleged bogus purchase transactions, has set aside the order of the Commissioner (Appeals) and...
![CIT(A) Restricts Addition on Alleged Bogus Transactions to 5% Instead of 100%: ITAT Orders De Novo Adjudication on Revenue’s Appeal [Read Order]](https://images.taxscan.in/h-upload/2025/10/16/500x300_2097096-de-novo-adjudication-taxscan.webp "CIT(A) Restricts Addition on Alleged Bogus Transactions to 5% Instead of 100%: ITAT Orders De Novo Adjudication on Revenue’s Appeal [Read Order]")
![No Evidence of Price Rigging or Bogus Share Transactions: ITAT Quashes S. 68 Addition [Read Order]](https://images.taxscan.in/h-upload/2025/10/16/500x300_2097072-rigging-bogus-itat-quashes-taxscan.webp "No Evidence of Price Rigging or Bogus Share Transactions: ITAT Quashes S. 68 Addition [Read Order]")
Unregistered Documents Cannot Create Security Interest to Retain Title Deeds: NCLAT Dismisses Appeal [Read Order]
The National Company Law Appellate Tribunal (NCLAT) has held that unregistered documents, including a Memorandum of Deposit of Title Deeds (MoDT), cannot create a valid security interest to retain...
![Unregistered Documents Cannot Create Security Interest to Retain Title Deeds: NCLAT Dismisses Appeal [Read Order]](https://images.taxscan.in/h-upload/2025/10/16/500x300_2097060-unregistered-documents-nclat-taxscan.webp "Unregistered Documents Cannot Create Security Interest to Retain Title Deeds: NCLAT Dismisses Appeal [Read Order]")
ECI Tightens Vigil on Use of Money Power in Bihar Elections: ED, Income Tax, CGST, Customs & RBI to Intensify Measures
The Election Commission of India (ECI) has directed multiple central enforcement and financial intelligence agencies including the Enforcement Directorate (ED), Income Tax Department, Central Goods...
