![Concessional Tax Rate u/s 115BAA denied due to Non-Filing of Form 10-IC: ITAT direct AO to Re-consider Claim Conditionally [Read Order]](https://images.taxscan.in/h-upload/2025/08/30/500x300_2082143-form-10-1c-taxscan.webp "Concessional Tax Rate u/s 115BAA denied due to Non-Filing of Form 10-IC: ITAT direct AO to Re-consider Claim Conditionally [Read Order]")
Concessional Tax Rate u/s 115BAA denied due to Non-Filing of Form 10-IC: ITAT direct AO to Re-consider Claim Conditionally [Read Order]
The Hyderabad Bench of the Income Tax Appellate Tribunal ( ITAT ) has directed the Assessing Officer (AO) to reconsider its claim for the...
![Relief to Thermo Fisher: ITAT allows Depreciation Claim on Supply & Maintenance Contracts Acquired via Slump Sale [Read Order]](https://images.taxscan.in/h-upload/2025/08/30/250x150_2082141-thermo-fisher.webp "Relief to Thermo Fisher: ITAT allows Depreciation Claim on Supply & Maintenance Contracts Acquired via Slump Sale [Read Order]")
![Verbatim Reproduction of Contents of SCN in Customs Final Order, No Independent Reasoning: Madras HC sets aside Order [Read Order]](https://images.taxscan.in/h-upload/2025/08/30/250x150_2082138-madras-hc-customs-case-taxscan.webp "Verbatim Reproduction of Contents of SCN in Customs Final Order, No Independent Reasoning: Madras HC sets aside Order [Read Order]")
![Cash Deposits Claimed from Building Material Business: ITAT Directs AO to Verify as Assessee Could Not Substantiate Turnover Beyond Returns [Read Order]](https://images.taxscan.in/h-upload/2025/08/30/250x150_2082133-cash-deposits-building-material-business-itat-taxscan.webp "Cash Deposits Claimed from Building Material Business: ITAT Directs AO to Verify as Assessee Could Not Substantiate Turnover Beyond Returns [Read Order]")
SEBI Grants Extension and Shifts Reporting Authority for IAs and RAs on Compliance to Digital Accessibility Circular [Read Circular]
The Securities and Exchange Board of India (SEBI) has issued Circular No. SEBI/HO/ITD-1/ITD_VIAP/P/CIR/2025/121 dated August 29, 2025, granting additional time and updated reporting channels for...
![SEBI Grants Extension and Shifts Reporting Authority for IAs and RAs on Compliance to Digital Accessibility Circular [Read Circular]](https://images.taxscan.in/h-upload/2025/08/30/500x300_2082120-sebi-compliance-update-sebi-digital-circular.webp "SEBI Grants Extension and Shifts Reporting Authority for IAs and RAs on Compliance to Digital Accessibility Circular [Read Circular]")
Penalty u/s 125 of GST Cannot Be Levied When Late Fee u/s 47 Already Imposed: Madras HC [Read Order]
In a recent ruling, the Madras High Court held that penalty under Section 125 of the GST Act cannot be levied when a late fee under Section 47 has already been imposed, and it remanded the matter for...
![Penalty u/s 125 of GST Cannot Be Levied When Late Fee u/s 47 Already Imposed: Madras HC [Read Order]](https://images.taxscan.in/h-upload/2025/08/30/500x300_2082117-penalty-gst-madras-hc-taxscan.webp "Penalty u/s 125 of GST Cannot Be Levied When Late Fee u/s 47 Already Imposed: Madras HC [Read Order]")
![Imposition of Penalty Without Hearing Violates Principles of Natural Justice: Allahabad HC [Read Order]](https://images.taxscan.in/h-upload/2025/08/30/500x300_2082108-penalty-allahabad-hc-taxscan.webp "Imposition of Penalty Without Hearing Violates Principles of Natural Justice: Allahabad HC [Read Order]")
Relief for ITC Ltd: CESTAT Rules Quicklime with 92% Purity Classifiable under ‘Quicklime’, Not as ‘Other Inorganic Chemicals’ [Read Order]
The Kolkata Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) ruled that quicklime with 92% purity is classifiable under “Quicklime” (Customs Tariff Item 2522 1000) and not as...
![Relief for ITC Ltd: CESTAT Rules Quicklime with 92% Purity Classifiable under ‘Quicklime’, Not as ‘Other Inorganic Chemicals’ [Read Order]](https://images.taxscan.in/h-upload/2025/08/30/500x300_2082106-quicklime-taxscan.webp "Relief for ITC Ltd: CESTAT Rules Quicklime with 92% Purity Classifiable under ‘Quicklime’, Not as ‘Other Inorganic Chemicals’ [Read Order]")
Market Leasing by Panchayat is a Constitutional Function, not Supply of Goods/Services under GST: AAR [Read Order]
The Tamil Nadu Authority for Advance Ruling (AAR) has clarified that leasing of weekly market rights by a Panchayat to tender contractors for collection of entry fees is neither a supply of...
![Market Leasing by Panchayat is a Constitutional Function, not Supply of Goods/Services under GST: AAR [Read Order]](https://images.taxscan.in/h-upload/2025/08/30/500x300_2082104-2073191-income-tax-aar-taxscan.webp "Market Leasing by Panchayat is a Constitutional Function, not Supply of Goods/Services under GST: AAR [Read Order]")
Denial of Refund by Invoking Rule 9(1)(b) of Cenvat Credit Rules Without Fraud or Suppression is Invalid: CESTAT [Read Order]
The Ahmedabad Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) ruled that the denial of a refund by invoking Rule 9(1)(b) of the Cenvat Credit Rules, 2004, without any ...
![Denial of Refund by Invoking Rule 9(1)(b) of Cenvat Credit Rules Without Fraud or Suppression is Invalid: CESTAT [Read Order]](https://images.taxscan.in/h-upload/2025/08/30/500x300_2082103-cenvat-credit-taxscan.webp "Denial of Refund by Invoking Rule 9(1)(b) of Cenvat Credit Rules Without Fraud or Suppression is Invalid: CESTAT [Read Order]")
Digital Inspection Power Expanded for Benami Transactions: The Newly Passed Income Tax Bill, 2025 Strengthens E-Governance
A New Era of Financial Transparency When Rajesh Kumar, a mid-level government employee earning ₹50,000 monthly, was found to own properties worth ₹15 crores across Mumbai and Pune, traditional ...
