Chartered Accountant calls out ‘VIP vs Non-VIP’ Discrimination at ICAI WOFA 2.0
Members of the Chartered Accountant (CA) Community have voiced out an overt disparity in the treatment of professionals according to their position...
![ITAT Cannot Grant S. 12A Registration Based Solely on Oral Submissions Without Evidence: Punjab & Haryana HC [Read Order]](https://images.taxscan.in/h-upload/2026/02/24/2126876-itat-registration-based-solely-on-oral-submissions-without-evidence-taxscan.webp "ITAT Cannot Grant S. 12A Registration Based Solely on Oral Submissions Without Evidence: Punjab & Haryana HC [Read Order]")
![NCLT Fails to Consider Balance Sheet Debt Acknowledgments and COVID Limitation Relief: NCLAT Restores UCO Bank’s Insolvency Proceedings [Read Order]](https://images.taxscan.in/h-upload/2026/02/24/2126858-nclt-fails-to-consider-balance-sheet-debt-acknowledgmentsjpg.webp "NCLT Fails to Consider Balance Sheet Debt Acknowledgments and COVID Limitation Relief: NCLAT Restores UCO Bank’s Insolvency Proceedings [Read Order]")
![Multiple Floors in Same Redeveloped Building Qualify as ‘One Residential House’ for Section 54 : ITAT [Read Order]](https://images.taxscan.in/h-upload/2026/02/24/2126877-multiple-floors-in-same-redeveloped-building-qualify-tat-.webp "Multiple Floors in Same Redeveloped Building Qualify as ‘One Residential House’ for Section 54 : ITAT [Read Order]")
![Profit from Sale of Unlisted Shares of ICICI Bank Held for 6 Years Taxable as LTCG, Not Business Income: Calcutta HC [Read Order]](https://images.taxscan.in/h-upload/2026/02/24/2126856-profit-from-sale-of-unlisted-shares-of-icici-bankjpg.webp "Profit from Sale of Unlisted Shares of ICICI Bank Held for 6 Years Taxable as LTCG, Not Business Income: Calcutta HC [Read Order]")
Liquidator Can Evict Subsidiaries Occupying Corporate Debtor’s Assets: NCLAT Dismisses Appeal u/s 60(5) IBC [Read Order]
The National Company Law Appellate Tribunal (NCLAT) rejected the appeals on the ground that the liquidator of the corporate debtor had the absolute authority to evict the subsidiaries occupying the...
![Liquidator Can Evict Subsidiaries Occupying Corporate Debtor’s Assets: NCLAT Dismisses Appeal u/s 60(5) IBC [Read Order]](https://images.taxscan.in/h-upload/2026/02/24/2126861-liquidator-can-evict-subsidiaries-occupying-corporate-nclat-ibc.webp "Liquidator Can Evict Subsidiaries Occupying Corporate Debtor’s Assets: NCLAT Dismisses Appeal u/s 60(5) IBC [Read Order]")
ITAT Rules Startups Cannot Be Denied Deduction u/s 80‑IAC for Technical Error; Remits Case for Verification [Read Order]
In a recent ruling The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has clarified that the non‑filing of Form 10CCB is a procedural lapse and cannot by itself justify the denial of a...
![ITAT Rules Startups Cannot Be Denied Deduction u/s 80‑IAC for Technical Error; Remits Case for Verification [Read Order]](https://images.taxscan.in/h-upload/2026/02/24/2126842-itat-rulesjpg.webp "ITAT Rules Startups Cannot Be Denied Deduction u/s 80‑IAC for Technical Error; Remits Case for Verification [Read Order]")
![Absence Of CHALR Violations In SCN: CESTAT Sets Aside Customs Penalties u/s 112 [Read Order]](https://images.taxscan.in/h-upload/2026/02/23/2126803-absence-of-chalr-violationsjpg.webp "Absence Of CHALR Violations In SCN: CESTAT Sets Aside Customs Penalties u/s 112 [Read Order]")
Rule 9(1)(b) Not Applicable as Suppression Alleged does not have Supporting Evidence: CESTAT [Read Order]
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Kolkata Bench, held that Rule (1)(b) of Cenvat Credit Rules, 2004 is not applicable when the alleged suppression of facts does not...
![Rule 9(1)(b) Not Applicable as Suppression Alleged does not have Supporting Evidence: CESTAT [Read Order]](https://images.taxscan.in/h-upload/2026/02/23/2126814-suppression-alleged-does-not-supporting-evidence-cestat-taxscan.webp "Rule 9(1)(b) Not Applicable as Suppression Alleged does not have Supporting Evidence: CESTAT [Read Order]")
CESTAT Scales Down Penalties Up To ₹14 Lakh After Rejecting Uniform Penalty Approach On Invoice Transactions [Read Order]
CEATAT penalties under excise law must be proportionate and based on individual culpability, not imposed mechanically on all co notices by dealers. The Customs, Excise, and Service Tax...
![CESTAT Scales Down Penalties Up To ₹14 Lakh After Rejecting Uniform Penalty Approach On Invoice Transactions [Read Order]](https://images.taxscan.in/h-upload/2026/02/23/2126798-uniform-penalty-approach-on-invoice-transactions-taxscan.webp "CESTAT Scales Down Penalties Up To ₹14 Lakh After Rejecting Uniform Penalty Approach On Invoice Transactions [Read Order]")
Customs Penalty Remains Unsustainable u/s 112 without Examination and Cross-Examination Of Statements: CESTAT [Read Order]
The CESTAT set aside the customs penalty imposed under Section 112(a)(i) of the Customs Act, 1962 on the grounds that the reliance placed solely on the statements recorded under Section 108 which...
![Customs Penalty Remains Unsustainable u/s 112 without Examination and Cross-Examination Of Statements: CESTAT [Read Order]](https://images.taxscan.in/h-upload/2026/02/23/2126794-customs-penalty-examination-of-statements-cestat.webp "Customs Penalty Remains Unsustainable u/s 112 without Examination and Cross-Examination Of Statements: CESTAT [Read Order]")