![Invalid Reopening on Old Loan Balances: ITAT quashes Reopening Based on Balance Sheet Suspicion and Pre-Commencement Loans [Read Order]](https://images.taxscan.in/h-upload/2025/10/06/500x300_2094261-old-loan-itat-quashes-taxscan.webp "Invalid Reopening on Old Loan Balances: ITAT quashes Reopening Based on Balance Sheet Suspicion and Pre-Commencement Loans [Read Order]")
Invalid Reopening on Old Loan Balances: ITAT quashes Reopening Based on Balance Sheet Suspicion and Pre-Commencement Loans [Read Order]
The Jaipur bench of the Income Tax Appellate Tribunal quashed the reopening based on suspicions raised by the balance sheet and old loans. The...
![Contradictory Approach of AO Invalidates S.154 Jurisdiction: ITAT Deletes ₹2.06 Crore Expense Disallowance in Property Developers Income Tax Appeal [Read Order]](https://images.taxscan.in/h-upload/2025/10/06/250x150_2094223-itat-mumbai-section-154-rectification-taxscan.webp "Contradictory Approach of AO Invalidates S.154 Jurisdiction: ITAT Deletes ₹2.06 Crore Expense Disallowance in Property Developers Income Tax Appeal [Read Order]")
![Cropping of Grey Fabrics Does Not Constitute Manufacture, No Excise Duty Payable: CESTAT [Read Order]](https://images.taxscan.in/h-upload/2025/10/06/250x150_2094226-grey-fabric-manufacture-excise-duty-cestat-taxscan.webp "Cropping of Grey Fabrics Does Not Constitute Manufacture, No Excise Duty Payable: CESTAT [Read Order]")
![RBI Allows Investment of Special Rupee Vostro Account Balances in Corporate Debt Instruments [Read Circular]](https://images.taxscan.in/h-upload/2025/10/06/250x150_2094258-rbi-corporate-debt-taxscan.webp "RBI Allows Investment of Special Rupee Vostro Account Balances in Corporate Debt Instruments [Read Circular]")
![₹22.01L Cash Deposits from Agricultural Land Sale: ITAT Restores Matter to AO on Ignored Affidavits and Sale Deeds [Read Order]](https://images.taxscan.in/h-upload/2025/10/06/250x150_2094253-cash-deposits-agricultural-land-sale-itat-taxscan.webp "₹22.01L Cash Deposits from Agricultural Land Sale: ITAT Restores Matter to AO on Ignored Affidavits and Sale Deeds [Read Order]")
Delhi HC Rejects Customs’ Plea to Enhance Penalty in Red Sandalwood Export Case, Cites Limited Role of Freight Forwarder [Read Order]
The Delhi High Court recently dismissed an appeal by the Customs Department to impose an enhanced penalty under Section 114AA of the Customs Act on a freight forwarder involved in a case regarding the...
![Delhi HC Rejects Customs’ Plea to Enhance Penalty in Red Sandalwood Export Case, Cites Limited Role of Freight Forwarder [Read Order]](https://images.taxscan.in/h-upload/2025/10/06/500x300_2094230-red-sandalwood-taxscan.webp "Delhi HC Rejects Customs’ Plea to Enhance Penalty in Red Sandalwood Export Case, Cites Limited Role of Freight Forwarder [Read Order]")
Silver Granules Not Notified Goods u/s 123 of Customs, Burden of Proof Lies With Revenue: CESTAT Quashes Confiscation of 260 Kg Silver and Vehicle [Read Order]
The Kolkata Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) ruled that confiscation of silver granules cannot be sustained when the revenue fails to produce cogent evidence...
![Silver Granules Not Notified Goods u/s 123 of Customs, Burden of Proof Lies With Revenue: CESTAT Quashes Confiscation of 260 Kg Silver and Vehicle [Read Order]](https://images.taxscan.in/h-upload/2025/10/06/500x300_2094243-silver-granules-customs-cestat-quashes-260-kg-silver-taxscan.webp "Silver Granules Not Notified Goods u/s 123 of Customs, Burden of Proof Lies With Revenue: CESTAT Quashes Confiscation of 260 Kg Silver and Vehicle [Read Order]")
CENVAT Credit Cannot Be Denied If Goods Are Received with Valid Invoices and Duty Is Paid and Accepted: CESTAT [Read Order]
The Kolkata Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) ruled that CENVAT credit cannot be denied to the recipient when goods are received under valid invoices and the ...
![CENVAT Credit Cannot Be Denied If Goods Are Received with Valid Invoices and Duty Is Paid and Accepted: CESTAT [Read Order]](https://images.taxscan.in/h-upload/2025/10/06/500x300_2094244-cenvat-credit-taxscan.webp "CENVAT Credit Cannot Be Denied If Goods Are Received with Valid Invoices and Duty Is Paid and Accepted: CESTAT [Read Order]")
RBI Expands Investment Options for Special Rupee Vostro Accounts in INR Trade Settlement [Read Circular]
The Reserve Bank of India (RBI), through its A.P. (DIR Series) Circular No. 14 dated October 03, 2025, announced a major step towards deepening the use of the Indian Rupee (INR) in international trade...
![RBI Expands Investment Options for Special Rupee Vostro Accounts in INR Trade Settlement [Read Circular]](https://images.taxscan.in/h-upload/2025/10/06/500x300_2094245-inr-rbi-taxscan.webp "RBI Expands Investment Options for Special Rupee Vostro Accounts in INR Trade Settlement [Read Circular]")
![DGFT Extends Deadline for Filing Annual RoDTEP Returns for FY 2023-24 [Read Notice]](https://images.taxscan.in/h-upload/2025/10/06/500x300_2094239-dgft-e-filing-dgft-extends-deadline-for-e-filing-of-non-preferential-coo-coo-non-preferential-coo-taxscan.webp "DGFT Extends Deadline for Filing Annual RoDTEP Returns for FY 2023-24 [Read Notice]")