SEBI Issues Consultation Paper to Standardise Mutual Fund Folio Opening and First Investment Process
The Securities and Exchange Board of India (SEBI) has released a consultation paper, proposing a uniform process for the opening of mutual fund folios...
![Failure to Fulfil Export Obligations Under Advance Authorization: Delhi HC Quashes Customs Demand After DGFT Confirms Fulfilment [Read Order]](https://images.taxscan.in/h-upload/2025/10/25/250x150_2099770-failure-to-fulfil-export-obligations-advance-authorization-delhi-hc-customs-demand-dgft-fulfilment-taxscan.webp "Failure to Fulfil Export Obligations Under Advance Authorization: Delhi HC Quashes Customs Demand After DGFT Confirms Fulfilment [Read Order]")
![ICAI answers Additional FAQs for Auditor’s Opinion on Financial Statements [Read FAQs]](https://images.taxscan.in/h-upload/2025/10/25/250x150_2099781-icai-faq-financial-statements-taxscan.webp "ICAI answers Additional FAQs for Auditor’s Opinion on Financial Statements [Read FAQs]")
![No Notice, No Hearing: Patna HC Slams DRI for Illegal Crane Auction, Orders Compensation [Read Order]](https://images.taxscan.in/h-upload/2025/10/25/500x300_2099762-patna-hc-dri-illegal-crane-taxscan.webp "No Notice, No Hearing: Patna HC Slams DRI for Illegal Crane Auction, Orders Compensation [Read Order]")
Applicability of 5% Tolerance u/s 56(2)(x): ITAT Rules Amendment Curative, Applies Retrospectively [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) allowed the appeal, holding that the 5% tolerance under Section 56(2)(x) of Income Tax Act,1961,was a curative amendment and applied ...
![Applicability of 5% Tolerance u/s 56(2)(x): ITAT Rules Amendment Curative, Applies Retrospectively [Read Order]](https://images.taxscan.in/h-upload/2025/10/25/500x300_2099748-itat-amendment-curative-applies-retrospectively-taxscan.webp "Applicability of 5% Tolerance u/s 56(2)(x): ITAT Rules Amendment Curative, Applies Retrospectively [Read Order]")
Vagueness of SCN in Customs Broker Licence Revocation: Delhi HC sets aside CESTAT order [Read Order]
The High Court of Delhi, observed that the Show Cause Notice (SCN) in the Customs Broker Licence revocation case was vague and set aside the Customs, Excise and Service Tax Appellate Tribunal ( CESTAT...
![Vagueness of SCN in Customs Broker Licence Revocation: Delhi HC sets aside CESTAT order [Read Order]](https://images.taxscan.in/h-upload/2025/10/25/500x300_2099751-show-cause-notice-taxscan.webp "Vagueness of SCN in Customs Broker Licence Revocation: Delhi HC sets aside CESTAT order [Read Order]")
![Person Accused Of Passing Fake ITC Worth Rs. 199.31 Crores: Gauhati HC grants Anticipatory Bail [Read Order]](https://images.taxscan.in/h-upload/2025/10/25/500x300_2099757-person-passing-fake-itc-gauhati-hc-anticipatory-bail-taxscan.webp "Person Accused Of Passing Fake ITC Worth Rs. 199.31 Crores: Gauhati HC grants Anticipatory Bail [Read Order]")
![ONGC’s MGO Charges from GAIL for Gas Shortfall not Subject to GST: AAR [Read Order]](https://images.taxscan.in/h-upload/2025/10/25/500x300_2099752-ongcs-mgo-gail-for-gas-shortfall-subject-to-gst-aar-taxscan.webp "ONGC’s MGO Charges from GAIL for Gas Shortfall not Subject to GST: AAR [Read Order]")
Employee Welfare Expenses Forming Part of HR Policy Eligible for CENVAT Credit: CESTAT in SBI Cards Case [Read Order]
The Chandigarh Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) held that employee welfare expenses forming part of a company’s HR policy are eligible for CENVAT credit. ...
![Employee Welfare Expenses Forming Part of HR Policy Eligible for CENVAT Credit: CESTAT in SBI Cards Case [Read Order]](https://images.taxscan.in/h-upload/2025/10/25/500x300_2099744-employee-welfare-expenses-hr-policy-eligible-cenvat-credit-cestat-sbi-cards-case-taxscan.webp "Employee Welfare Expenses Forming Part of HR Policy Eligible for CENVAT Credit: CESTAT in SBI Cards Case [Read Order]")
Allahabad HC Stays ₹110 Crore GST Proceedings Against Dabur Over ‘Hajmola Candy’ Classification Dispute [Read Order]
In a recent ruling, the Allahabad High Court stayed GST proceedings amounting to ₹110 crore initiated against Dabur India Ltd. in connection with a classification dispute over “Hajmola Candy.” ...
![Allahabad HC Stays ₹110 Crore GST Proceedings Against Dabur Over ‘Hajmola Candy’ Classification Dispute [Read Order]](https://images.taxscan.in/h-upload/2025/10/25/500x300_2099739-allahabad-hc-gst-hajmola-candy-taxscan.webp "Allahabad HC Stays ₹110 Crore GST Proceedings Against Dabur Over ‘Hajmola Candy’ Classification Dispute [Read Order]")