![Provision for discount once accepted by Income Tax Dept as an allowable expense cannot be changed later: Karnataka HC rules in favour of LTI Mindtree Ltd. [Read Order]](https://images.taxscan.in/h-upload/2025/09/24/500x300_2090501-income-tax-dept-income-tax-provision-for-discount-karnataka-hc-taxsacna.webp "Provision for discount once accepted by Income Tax Dept as an allowable expense cannot be changed later: Karnataka HC rules in favour of LTI Mindtree Ltd. [Read Order]")
Provision for discount once accepted by Income Tax Dept as an allowable expense cannot be changed later: Karnataka HC rules in favour of LTI Mindtree Ltd. [Read Order]
In a ruling in favour of LTI Mindtree Ltd, the Karnataka High Court observed that the provision for discount had been discharged fully in the...
![Commissions Paid by Indian Railways Before 1 October 2012 Not Subject to Service Tax: CESTAT Quashes Order [Read Order]](https://images.taxscan.in/h-upload/2025/09/24/250x150_2090341-gst-council-meeting-gst-council-gst-exemption-for-railway-indian-railways-gst-news-taxscan.webp "Commissions Paid by Indian Railways Before 1 October 2012 Not Subject to Service Tax: CESTAT Quashes Order [Read Order]")
![Tax Exemption Can Claim for Inter-State Purchases after Segregating Purchases made within in State and Other: Madras HC [Read Order]](https://images.taxscan.in/h-upload/2025/09/24/250x150_2090461-tax-exemption-inter-state-purchases-segregating-purchases-madras-hc-taxscan.webp "Tax Exemption Can Claim for Inter-State Purchases after Segregating Purchases made within in State and Other: Madras HC [Read Order]")
![Handling Export Cargo falls within the ambit of “Taxable Services”: Supreme Court Dismisses Airports Authoritys Appeal [Read Judgement]](https://images.taxscan.in/h-upload/2025/09/24/250x150_2090460-export-cargo-export-cargo-falls-taxable-services-supreme-court-taxscan.webp "Handling Export Cargo falls within the ambit of “Taxable Services”: Supreme Court Dismisses Airports Authoritys Appeal [Read Judgement]")
![Penalty u/s 271(1)(c) of the Income Tax Act Requires Verification of Loss: ITAT Orders Re-Examination [Read Order]](https://images.taxscan.in/h-upload/2025/09/23/250x150_2090163-tat-mumbai-income-tax-act-penalty-taxscanjpge.webp "Penalty u/s 271(1)(c) of the Income Tax Act Requires Verification of Loss: ITAT Orders Re-Examination [Read Order]")
Relief for Goldman Sachs: ITAT Sets Aside Disallowance of Rs. 1.87 Crore Occupancy Expenses, Directs AO to Verify Claim Afresh [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) granted relief to Goldman Sachs (India) Finance Pvt. Ltd., setting aside the disallowance of Rs. 1.87 crore claimed as Occupancy Expenses and...
![Relief for Goldman Sachs: ITAT Sets Aside Disallowance of Rs. 1.87 Crore Occupancy Expenses, Directs AO to Verify Claim Afresh [Read Order]](https://images.taxscan.in/h-upload/2025/09/23/500x300_2090113-goldman-sachs-itat-occupancy-expenses-directs-ao-taxscan.webp "Relief for Goldman Sachs: ITAT Sets Aside Disallowance of Rs. 1.87 Crore Occupancy Expenses, Directs AO to Verify Claim Afresh [Read Order]")
eOffice ‘Issue Number’ to be Treated as DIN for Valid Communications, Separate DIN Not Required: CBIC Issues Important Clarification [Read Circular]
The Central Board of Indirect Taxes and Customs ( CBIC ), through Circular No. 252/09/2025-GST dated 23rd September 2025, has clarified that communications dispatched via the public option in the...
![eOffice ‘Issue Number’ to be Treated as DIN for Valid Communications, Separate DIN Not Required: CBIC Issues Important Clarification [Read Circular]](https://images.taxscan.in/h-upload/2025/09/24/500x300_2090421-cbic-din-taxscan.webp "eOffice ‘Issue Number’ to be Treated as DIN for Valid Communications, Separate DIN Not Required: CBIC Issues Important Clarification [Read Circular]")
![[BREAKING] Rajasthan HC directs CBDT to extend Income Tax Audit Deadline](https://images.taxscan.in/h-upload/2025/09/22/500x300_2089542-income-tax-audit.webp "[BREAKING] Rajasthan HC directs CBDT to extend Income Tax Audit Deadline")
Improper Email Service and CA’s Demise is Valid Cause for Non-Compliance: ITAT restores Income Tax Appeal for Fresh Hearing [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore, has restored an appeal for fresh adjudication after finding that appellate notices were largely issued to incorrect email addresses and that the...
![Improper Email Service and CA’s Demise is Valid Cause for Non-Compliance: ITAT restores Income Tax Appeal for Fresh Hearing [Read Order]](https://images.taxscan.in/h-upload/2025/09/23/500x300_2090142-email-service-ca-valid-cause-for-non-compliance-taxscan.webp "Improper Email Service and CA’s Demise is Valid Cause for Non-Compliance: ITAT restores Income Tax Appeal for Fresh Hearing [Read Order]")
Foreign Currency Derivative Losses Allowed as Business Expenditure: ITAT quashes Revisionary Income Tax Order [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad, has quashed a revisionary order passed under Section 263 of the Income Tax Act, 1961, by the Principal Commissioner of Income Tax. The Tribunal...
![Foreign Currency Derivative Losses Allowed as Business Expenditure: ITAT quashes Revisionary Income Tax Order [Read Order]](https://images.taxscan.in/h-upload/2025/09/23/500x300_2090135-foreign-currency-derivative-losses-business-expenditure-taxscan.webp "Foreign Currency Derivative Losses Allowed as Business Expenditure: ITAT quashes Revisionary Income Tax Order [Read Order]")
Alleged Luxury Car Imports Routed via Bhutan: Customs Dept. raids Malayalam Cine-Actors' Houses in Operation Numkhor
As Dulquer Salmaan revels in the colossal success of his Wayfarer Productions' ‘Lokah Chapter 1: Chandra’ becoming the Malayalam’s film industry’s all-time highest grossing film, he is now faced...
