![VCES Declaration Cannot Be Rejected If ‘Issue’ Differs Post Negative List Regime: CESTAT Allows BIS Appeal [Read Order]](https://images.taxscan.in/h-upload/2026/02/26/2127185-vces-declaration-cannot-be-rejected-if-cestat-allows-bis-.webp "VCES Declaration Cannot Be Rejected If ‘Issue’ Differs Post Negative List Regime: CESTAT Allows BIS Appeal [Read Order]")
VCES Declaration Cannot Be Rejected If ‘Issue’ Differs Post Negative List Regime: CESTAT Allows BIS Appeal [Read Order]
The Chennai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) held that a Service Tax Voluntary Compliance Encouragement...
![Mere Acceptance of SBN During Demonetization cannot be Treated as Unexplained Cash Credit when Cooperative Society Acts as Intermediary: ITAT [Read Order]](https://images.taxscan.in/h-upload/2026/02/26/2127179-mere-acceptancejpg.webp "Mere Acceptance of SBN During Demonetization cannot be Treated as Unexplained Cash Credit when Cooperative Society Acts as Intermediary: ITAT [Read Order]")
![DGFT Permits Export of 25 Lakh Metric Tonnes of Wheat while Export Prohibition Continues [Read Notification]](https://images.taxscan.in/h-upload/2026/02/26/2127183-dgft-wheat-tonnes-of-wheat-mt-wheat-export-dgft-wheat-export-wheat-export-india-india-wheat-export-news-taxscan.webp "DGFT Permits Export of 25 Lakh Metric Tonnes of Wheat while Export Prohibition Continues [Read Notification]")
![₹8.80 Cr Addition cannot be made Solely on Estimation and Extrapolation Without Corroborative Evidence: ITAT sets aside Addition [Read Order]](https://images.taxscan.in/h-upload/2026/02/26/2127174-addition-cannot-solely-estimation-extrapolation-without-corroborative-evidence-itat-sets-aside-addition-taxscan.webp "₹8.80 Cr Addition cannot be made Solely on Estimation and Extrapolation Without Corroborative Evidence: ITAT sets aside Addition [Read Order]")
![DGFT Opens Application Window for 25 LMT Wheat Exports [Read Notification]](https://images.taxscan.in/h-upload/2026/02/26/2127171-25-lmt-wheat-exports-taxscan.webp "DGFT Opens Application Window for 25 LMT Wheat Exports [Read Notification]")
DGFT Rationalises RoDTEP Rates by 50%, Exempts Agriculture & Food Exports via Corrigendum [Read Notification]
The DirectorateGeneral of Foreign Trade (DGFT) has rationalised benefits under the Remissionof Duties and Taxes on Exported Products (RoDTEP) scheme by limiting applicable rates to 50% of the...
![DGFT Rationalises RoDTEP Rates by 50%, Exempts Agriculture & Food Exports via Corrigendum [Read Notification]](https://images.taxscan.in/h-upload/2026/02/26/2127165-whatsapp-image-2026-02-26-at-121125-pm.webp "DGFT Rationalises RoDTEP Rates by 50%, Exempts Agriculture & Food Exports via Corrigendum [Read Notification]")
Reassignment of Reliance Bhutan Loan to Dissenting Creditors Invalid: NCLAT Dismisses Bank of Baroda Appeal [Read Order]
The National Company Law Appellate Tribunal (NCLAT) rejected the appeal filed by Bank of Baroda holding that the reallocation of the Reliance Bhutan Loan in favor of the dissenting financial...
![Reassignment of Reliance Bhutan Loan to Dissenting Creditors Invalid: NCLAT Dismisses Bank of Baroda Appeal [Read Order]](https://images.taxscan.in/h-upload/2026/02/25/2127029-reassignment-reliance-bhutan-loan-dissenting-creditors-invalid-nclat-taxscan.webp "Reassignment of Reliance Bhutan Loan to Dissenting Creditors Invalid: NCLAT Dismisses Bank of Baroda Appeal [Read Order]")
![DGFT Notifies Export Modalities for Wheat Flour [Read Order]](https://images.taxscan.in/h-upload/2026/02/25/2127091-dgft-wheat-flour-wheat-flour-export-dgft-wheat-flour-export-wheat-flour-export-policy-dgft-circular-wheat-flour-taxscan.webp "DGFT Notifies Export Modalities for Wheat Flour [Read Order]")
![FinMin Increases Customs Tariff Value for Silver [Read Order]](https://images.taxscan.in/h-upload/2026/02/25/2127075-finmin-tariff-value-silver-tariff-value-for-silver-customs-tariff-silver-finmin-silver-update-finance-ministry-silver-tariff-notification-taxscan-.webp "FinMin Increases Customs Tariff Value for Silver [Read Order]")
Demolition Costs to be Included in LTCG, if Occurred: ITAT Remands Issue to AO to Determine Pre-Existence of Structure [Read Order]
The Income Tax Appellate Tribunal (ITAT), Hyderabad Bench, remanded the issue to the Assessing Officer (AO) to determine there was a structure that had been demolished on the immovable property. The...
![Demolition Costs to be Included in LTCG, if Occurred: ITAT Remands Issue to AO to Determine Pre-Existence of Structure [Read Order]](https://images.taxscan.in/h-upload/2026/02/25/2127085-demolition-included-in-ltcg-itat-to-ao-existence-.webp "Demolition Costs to be Included in LTCG, if Occurred: ITAT Remands Issue to AO to Determine Pre-Existence of Structure [Read Order]")
Balance Sheet Sufficient for Income Tax Assessment for S.69, No Supporting Evidence for S.80 Deduction: ITAT Partly Allows Appeal [Read Order]
The Income Tax Appellate Tribunal (ITAT),Hyderabad Bench, held that a balance sheet is sufficient for assessment under Section 69. However, there had been no supporting evidence to claim deduction ...
![Balance Sheet Sufficient for Income Tax Assessment for S.69, No Supporting Evidence for S.80 Deduction: ITAT Partly Allows Appeal [Read Order]](https://images.taxscan.in/h-upload/2026/02/25/2127083-income-tax-assessmentjpg.webp "Balance Sheet Sufficient for Income Tax Assessment for S.69, No Supporting Evidence for S.80 Deduction: ITAT Partly Allows Appeal [Read Order]")
Trust Expenditure to not Exceed 5% of Income for Religious Purposes: ITAT Remands Matter to CIT(E) [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, remanded the matter to the Commissioner of Income Tax (Exemption) [CIT(E)] to verify whether trust expenditure has exceeded the 5% of ...
![Trust Expenditure to not Exceed 5% of Income for Religious Purposes: ITAT Remands Matter to CIT(E) [Read Order]](https://images.taxscan.in/h-upload/2026/02/25/2127072-trust-expenditurejpg.webp "Trust Expenditure to not Exceed 5% of Income for Religious Purposes: ITAT Remands Matter to CIT(E) [Read Order]")