![Dr. Abhijit Phukon appointed to DICGC Board of Directors [Read Notification]](https://images.taxscan.in/h-upload/2025/10/26/500x300_2099943-dr-abhijit-phukon-dicgc-board-directors-taxscan.webp "Dr. Abhijit Phukon appointed to DICGC Board of Directors [Read Notification]")
Dr. Abhijit Phukon appointed to DICGC Board of Directors [Read Notification]
The Central Government has nominated Dr. Abhijit Phukon, to be a Director on the Board of the Deposit Insurance and Credit Guarantee Corporation...
![Finance Ministry Revises Names of Regional Rural Banks in Assam, Puducherry, Haryana, Chhattisgarh, Jharkhand & Kerala [Read Notification]](https://images.taxscan.in/h-upload/2025/10/26/250x150_2099939-finance-ministry-revises-regional-rural-banks-assam-puducherry-haryana-taxscan.webp "Finance Ministry Revises Names of Regional Rural Banks in Assam, Puducherry, Haryana, Chhattisgarh, Jharkhand & Kerala [Read Notification]")
![SEBI Allows Transfer of PMS Business Between Portfolio Managers to Simplify Operations and Enhance Ease of Doing Business [Read Circular]](https://images.taxscan.in/h-upload/2025/10/26/250x150_2099931-sebi-transferofpmsbusinessbetweenportfoliomanagers-simplifyoperations-enhanceease-taxscanoptimized100.webp "SEBI Allows Transfer of PMS Business Between Portfolio Managers to Simplify Operations and Enhance Ease of Doing Business [Read Circular]")
![Writ Becomes Infructuous If Final Assessment Already Passed: Calcutta HC Directs Petitioner to Avail Alternative Remedy [Read Order]](https://images.taxscan.in/h-upload/2025/10/26/250x150_2099927-writ-infructuous-final-assessment-already-passed-calcutta-hc-petitioner-avail-alternative-remedy-taxscan.webp "Writ Becomes Infructuous If Final Assessment Already Passed: Calcutta HC Directs Petitioner to Avail Alternative Remedy [Read Order]")
Notice u/s 148 Invalid as Seized Material Not an 'Asset' or 'Books of Account': ITAT Quashes Reassessment [Read Order]
The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT) quashed the reassessment proceedings initiated under Section 147 read with Section 148 of the Income Tax Act, 1961, for multiple ...
![Notice u/s 148 Invalid as Seized Material Not an Asset or Books of Account: ITAT Quashes Reassessment [Read Order]](https://images.taxscan.in/h-upload/2025/10/25/500x300_2099777-seized-material-books-of-account-itat-taxscan.webp "Notice u/s 148 Invalid as Seized Material Not an Asset or Books of Account: ITAT Quashes Reassessment [Read Order]")
Promotion of Industry and Trade is 'General Public Utility': ITAT Directs CIT(E) to Grant Registration U/S 10(23C)(iv), Citing SC Outcome [Read Order]
The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) directed the Commissioner of Income Tax (Exemptions) [CIT(E)] to grant registration under Section 10(23C)(iv) of the Income Tax Act and...
![Promotion of Industry and Trade is General Public Utility: ITAT Directs CIT(E) to Grant Registration U/S 10(23C)(iv), Citing SC Outcome [Read Order]](https://images.taxscan.in/h-upload/2025/10/25/500x300_2099772-general-public-utility-taxscan.webp "Promotion of Industry and Trade is General Public Utility: ITAT Directs CIT(E) to Grant Registration U/S 10(23C)(iv), Citing SC Outcome [Read Order]")
Taxpayer Not Entitled to Refund of Excess Excise Duty in Absence of Provisional Assessment: CESTAT [Read Order]
The Chandigarh Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) held that an assessee who has not opted for provisional assessment is not entitled to claim a refund of...
![Taxpayer Not Entitled to Refund of Excess Excise Duty in Absence of Provisional Assessment: CESTAT [Read Order]](https://images.taxscan.in/h-upload/2025/10/25/500x300_2099773-taxpayer-refund-excess-excise-duty-cestat-taxscan.webp "Taxpayer Not Entitled to Refund of Excess Excise Duty in Absence of Provisional Assessment: CESTAT [Read Order]")
CBIC Issues FAQs on Consolidated Customs Exemption Notification: Clarifies IGST, BCD and Validity [Read FAQs]
The Central Board of Indirect Taxes and Customs (CBIC) has released a detailed set of Frequently Asked Questions (FAQs) to clarify the provisions of Notification No. 45/2025-Customs which was issued...
![CBIC Issues FAQs on Consolidated Customs Exemption Notification: Clarifies IGST, BCD and Validity [Read FAQs]](https://images.taxscan.in/h-upload/2025/10/25/500x300_2099839-cbic-faqs-customs-exemption-customs-clarifies-igst-igst-taxscan.webp "CBIC Issues FAQs on Consolidated Customs Exemption Notification: Clarifies IGST, BCD and Validity [Read FAQs]")
Gauhati HC Grants Bail to Businessman Accused of ₹3 Crore GST Credit Misuse After 15 Days in Judicial Custody [Read Order]
In a recent ruling, the Gauhati High Court granted regular bail to Ujjawal Kumar Agarwal, a businessman accused of wrongfully availing ineligible Input Tax Credit (ITC) worth about Rs. 3 crore under...
![Gauhati HC Grants Bail to Businessman Accused of ₹3 Crore GST Credit Misuse After 15 Days in Judicial Custody [Read Order]](https://images.taxscan.in/h-upload/2025/10/25/500x300_2099804-bail-taxscan.webp "Gauhati HC Grants Bail to Businessman Accused of ₹3 Crore GST Credit Misuse After 15 Days in Judicial Custody [Read Order]")
Apple Pushes for Major Overhaul of India’s Tax Laws to Protect Billion-Dollar Investments in iPhone Manufacturing, Citing Risks to Expansion and Shift Away from China
Apple has entered a high-stakes standoff with the Indian government over the Income Tax Act of 1961, a decades-old law that could make its global iPhone profits taxable in India simply because the...
ICAI UDIN Website Updates for Reporting of Audit Opinion of Assessees Mere 5 Days before Tax Audit Deadline
In a move that has stirred both curiosity and concern among practicing Chartered Accountants (CA), Institute of Chartered Accountants of India’s (ICAI) UDIN generation page now requires auditors to...
