![Sugar Company Claims Rs. 14.45 Lakh Interest on FDs against Pre-Operative Expenses: ITAT Allows Set-Off [Read Order]](https://images.taxscan.in/h-upload/2025/10/08/500x300_2094869-sugar-mills-taxscan.webp "Sugar Company Claims Rs. 14.45 Lakh Interest on FDs against Pre-Operative Expenses: ITAT Allows Set-Off [Read Order]")
Sugar Company Claims Rs. 14.45 Lakh Interest on FDs against Pre-Operative Expenses: ITAT Allows Set-Off [Read Order]
The Panaji Bench of Income Tax Appellate Tribunal ( ITAT ) allowed a set-off of Rs. 14.45 lakh interest earned on fixeddeposits (FD) by the assessee...
![School Fees Deposited in Bank Account Treated as Unexplained Income: ITAT Remits Matter to AO to Examine Exemption u/s 10(23C)(iiiad) [Read Order]](https://images.taxscan.in/h-upload/2025/10/08/250x150_2094867-school-fees-deposited-bank-account-unexplained-income-itat-taxscan.webp "School Fees Deposited in Bank Account Treated as Unexplained Income: ITAT Remits Matter to AO to Examine Exemption u/s 10(23C)(iiiad) [Read Order]")
![Neither Taxpayers Nor DVOs Valuation Acceptable Due to Inadequacy and Locational Differences: ITAT Restores Matter for Revised Valuation [Read Order]](https://images.taxscan.in/h-upload/2025/10/08/250x150_2094860-itat-ahmedabad-taxpayer-neither-taxpayers-nor-dvo-taxscan.webp "Neither Taxpayers Nor DVOs Valuation Acceptable Due to Inadequacy and Locational Differences: ITAT Restores Matter for Revised Valuation [Read Order]")
![No Income Tax Penalty Leviable u/s 271D as Assessee did not Violate Section 296SS: ITAT Dismisses Appeal by Revenue [Read Order]](https://images.taxscan.in/h-upload/2025/10/08/250x150_2094853-income-tax-act-cash-transaction-overview-of-cash-transaction-tax-evasion-non-cash-payments-reduce-tax-evasion-cash-transaction-provisions-taxscan.webp "No Income Tax Penalty Leviable u/s 271D as Assessee did not Violate Section 296SS: ITAT Dismisses Appeal by Revenue [Read Order]")
![RBI Issues Draft Directions and Invites Comments on Capital Charge and ECL-based Provisioning Framework for Banks [Read Press Release]](https://images.taxscan.in/h-upload/2025/10/08/250x150_2094842-rbi-ecl-taxscan.webp "RBI Issues Draft Directions and Invites Comments on Capital Charge and ECL-based Provisioning Framework for Banks [Read Press Release]")
RBI Enables Retail Access to FX-Retail Platform via Bharat Connect: Pilot Launched with Axis, SBI, ICICI, Federal & Yes Bank [Read Press Release]
The Reserve Bank of India on October 7, 2025, launched a pilot linking the Clearcorp Dealing Systems (India) Ltd.’s FX-Retail platform with the Bharat Bill Payment System (Bharat Connect).Also...
![RBI Enables Retail Access to FX-Retail Platform via Bharat Connect: Pilot Launched with Axis, SBI, ICICI, Federal & Yes Bank [Read Press Release]](https://images.taxscan.in/h-upload/2025/10/08/500x300_2094831-bharat-connect-taxscan.webp "RBI Enables Retail Access to FX-Retail Platform via Bharat Connect: Pilot Launched with Axis, SBI, ICICI, Federal & Yes Bank [Read Press Release]")
Electronic Data Interchange (EDI) System Glitches: CESTAT remands Refund Claim on CVD Paid for Fresh Adjudication [Read Order]
The Chennai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has remanded the refund claims of two Imp-Ex Companies for fresh adjudication, directing the original authority to...
![Electronic Data Interchange (EDI) System Glitches: CESTAT remands Refund Claim on CVD Paid for Fresh Adjudication [Read Order]](https://images.taxscan.in/h-upload/2025/10/08/500x300_2094826-technical-glitches-taxscan.webp "Electronic Data Interchange (EDI) System Glitches: CESTAT remands Refund Claim on CVD Paid for Fresh Adjudication [Read Order]")
![CIT(Appeals)/NFAC Cannot Dismiss Appeals in Limine without Examining Merits: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/10/08/500x300_2094810-itat.webp "CIT(Appeals)/NFAC Cannot Dismiss Appeals in Limine without Examining Merits: ITAT [Read Order]")
Mere Affidavits of Siblings cannot Substantiate Family Property Settlement Claim : ITAT Grants Final Chance to Justify Deposits [Read Order]
The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT), while partly allowing the appeal with regards to the cash deposits, observed that mere affidavits of siblings, without a proper...
![Mere Affidavits of Siblings cannot Substantiate Family Property Settlement Claim : ITAT Grants Final Chance to Justify Deposits [Read Order]](https://images.taxscan.in/h-upload/2025/10/08/500x300_2094796-family-property-settlement-claim-itat-justify-deposits-taxscan.webp "Mere Affidavits of Siblings cannot Substantiate Family Property Settlement Claim : ITAT Grants Final Chance to Justify Deposits [Read Order]")
Non-Verification of Electronic Evidence with Corroborating Statements as per S.9D of Central Excise Act: CESTAT quashes Demand Order on Alleged Clandestine Movement of M S Ingots [Read Order]
The bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Chennai, has set aside a demand order concerning the alleged clandestine movement of M.S. Ingots, ruling that...
![Non-Verification of Electronic Evidence with Corroborating Statements as per S.9D of Central Excise Act: CESTAT quashes Demand Order on Alleged Clandestine Movement of M S Ingots [Read Order]](https://images.taxscan.in/h-upload/2025/10/08/500x300_2094774-larger-period-of-limitation-central-excise-act-holder-for-valuable-consideration-excise-customs-service-tax-taxscan.webp "Non-Verification of Electronic Evidence with Corroborating Statements as per S.9D of Central Excise Act: CESTAT quashes Demand Order on Alleged Clandestine Movement of M S Ingots [Read Order]")