![DGFT Notifies Additional Export Policy for Second-Generation (2G) Ethanol [Read Notification]](https://images.taxscan.in/h-upload/2025/09/25/500x300_2090811-export-policy-taxscan.webp "DGFT Notifies Additional Export Policy for Second-Generation (2G) Ethanol [Read Notification]")
DGFT Notifies Additional Export Policy for Second-Generation (2G) Ethanol [Read Notification]
The Directorate General of Foreign Trade ( DGFT ), under the Ministry of Commerce and Industry, has issued Notification No. 32/2025-26 dated 24...
![Rs. 80 lakh Cash Payment for Flat Treated as Unexplained Investment: ITAT Upholds CIT(A) Deletion as No Payment or Allotment Exists [Read Order]](https://images.taxscan.in/h-upload/2025/09/24/250x150_2090527-cash-payment-unexplained-investment-itat-upholds-taxscan.webp "Rs. 80 lakh Cash Payment for Flat Treated as Unexplained Investment: ITAT Upholds CIT(A) Deletion as No Payment or Allotment Exists [Read Order]")
![SEBI Tightens Custodian Regulations with Higher Net Worth and Stronger Compliance Norms [Read Notification]](https://images.taxscan.in/h-upload/2025/09/25/250x150_2090795-sebi-custodian-regulation-taxscan.webp "SEBI Tightens Custodian Regulations with Higher Net Worth and Stronger Compliance Norms [Read Notification]")
![Supreme Court Upholds 3 Years Suspension of Advocate for Making Scandalous Allegations Against an Individual [Read Order]](https://images.taxscan.in/h-upload/2025/09/24/250x150_2090511-supreme-court-upholds-suspension-scandalous-allegation-taxscan.webp "Supreme Court Upholds 3 Years Suspension of Advocate for Making Scandalous Allegations Against an Individual [Read Order]")
JDA Does Not Constitute Transfer u/s. 2(47): ITAT Deletes Capital Gains Addition on Security Deposit [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chandigarh, ruled that execution of a Joint Development Agreement (JDA) does not amount to a transfer under Section 2(47) of the Income Tax Act, 1961, thereby...
![JDA Does Not Constitute Transfer u/s. 2(47): ITAT Deletes Capital Gains Addition on Security Deposit [Read Order]](https://images.taxscan.in/h-upload/2025/09/24/500x300_2090478-capital-gains-addition.webp "JDA Does Not Constitute Transfer u/s. 2(47): ITAT Deletes Capital Gains Addition on Security Deposit [Read Order]")
Delay of 38 Days in Filing Income Tax Appeal Condoned: ITAT Finds Spam Folder Issue a Sufficient Cause [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chandigarh, condoned a delay of 38 days in filing an appeal, ruling that the appellant’s explanation of the order being misplaced in the spam folder of his...
![Delay of 38 Days in Filing Income Tax Appeal Condoned: ITAT Finds Spam Folder Issue a Sufficient Cause [Read Order]](https://images.taxscan.in/h-upload/2025/09/24/500x300_2090470-itat-chandigarh-income-tax-filing-income-tax-appeal-taxscan.webp "Delay of 38 Days in Filing Income Tax Appeal Condoned: ITAT Finds Spam Folder Issue a Sufficient Cause [Read Order]")
ITAT Allows Joy Alukkas’s Income Tax Deduction of ₹1.39 Cr Interest on Loans for Renovation of Leasehold Premises u/s 36(1)(iii) [Read Order]
The Income Tax Appellate Tribunal (ITAT), Cochin, allowed the deduction of ₹1,39,04,056 made under Section 36(1)(iii) of the Income Tax Act on borrowed funds, 1961, holding that the interest on...
![ITAT Allows Joy Alukkas’s Income Tax Deduction of ₹1.39 Cr Interest on Loans for Renovation of Leasehold Premises u/s 36(1)(iii) [Read Order]](https://images.taxscan.in/h-upload/2025/09/24/500x300_2090385-income-tax-deduction-taxscan.webp "ITAT Allows Joy Alukkas’s Income Tax Deduction of ₹1.39 Cr Interest on Loans for Renovation of Leasehold Premises u/s 36(1)(iii) [Read Order]")
Customs Inquiry Report Beyond 90 Days under Regulation 17(5) of CBLR is Invalid: Madras HC [Read Order]
In a recent ruling, the Madras High Court held that a customs inquiry report issued beyond the 90-day period prescribed under Regulation 17(5) of the Customs Brokers Licensing Regulations, 2018 is...
![Customs Inquiry Report Beyond 90 Days under Regulation 17(5) of CBLR is Invalid: Madras HC [Read Order]](https://images.taxscan.in/h-upload/2025/09/24/500x300_2090345-customs-inquiry-report-taxscan.webp "Customs Inquiry Report Beyond 90 Days under Regulation 17(5) of CBLR is Invalid: Madras HC [Read Order]")
Equity Investment Made through Commercial MoU does not Convert Underlying Claim into Operational Debt: NCLT [Read Order]
The National Company Law Tribunal( NCLT), Hyderabad Bench has held that an equity investment made through Commercial memorandum of understanding (MoU) doesn't convert the underlying claim into...
![Equity Investment Made through Commercial MoU does not Convert Underlying Claim into Operational Debt: NCLT [Read Order]](https://images.taxscan.in/h-upload/2025/09/27/500x300_2091506-equity-investment-commercial-mou-convert-underlying-claim-operational-debt-nclt-taxscan.webp "Equity Investment Made through Commercial MoU does not Convert Underlying Claim into Operational Debt: NCLT [Read Order]")
Allegation of Suppressed Turnover and Bogus Discounts: ITAT accepts HP India Sales’ Evidence as Genuine Business Practice [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore, overturned the Assessing Officer’s allegation of suppressed turnover and bogus discounts, accepting the company’s evidence, including...
![Allegation of Suppressed Turnover and Bogus Discounts: ITAT accepts HP India Sales’ Evidence as Genuine Business Practice [Read Order]](https://images.taxscan.in/h-upload/2025/09/24/500x300_2090381-allegation-turnover-itat-hp-india-taxscan.webp "Allegation of Suppressed Turnover and Bogus Discounts: ITAT accepts HP India Sales’ Evidence as Genuine Business Practice [Read Order]")