ICAI UDIN Update: New Validation Parameters and Generation under GST, Tax, Audit and Assurance
The UDIN (Unique Document Identification Number) Directorate of the Institute of Chartered Accountants of India (ICAI) has revised the validation...
![Reduction of Accumulated Income for Charitable Trust Due to Technical Glitch in Form 10B: ITAT Remitted the Matter to AO [Read Order]](https://images.taxscan.in/h-upload/2026/02/19/2126392-reduction-of-accumulated-income-charitable-trust-due-to-technical-glitch-in-form-10b-itat-remitted-the-matter-to-ao.webp "Reduction of Accumulated Income for Charitable Trust Due to Technical Glitch in Form 10B: ITAT Remitted the Matter to AO [Read Order]")
![Commercial Wisdom of CoC Non-Justiciable, Promoter’s Higher Settlement Offer Cannot Stall CIRP Without 90% Approval: Supreme Court [Read Judgement]](https://images.taxscan.in/h-upload/2026/02/19/2126378-supreme-court-commercial-wisdom-coc-non-justiciable-promoter-cirp-promoter-settlement-taxscan.webp "Commercial Wisdom of CoC Non-Justiciable, Promoter’s Higher Settlement Offer Cannot Stall CIRP Without 90% Approval: Supreme Court [Read Judgement]")
![NCLT Cannot Examine Corporate Debtor’s Viability at IBC S.7 Stage for CIRP: Supreme Court [Read Judgement]](https://images.taxscan.in/h-upload/2026/02/19/2126372-nclt-corporate-debtor-supreme-court-cirp-ibc-taxscan.webp "NCLT Cannot Examine Corporate Debtor’s Viability at IBC S.7 Stage for CIRP: Supreme Court [Read Judgement]")
COVID-19 Window u/s 10A IBC Not Applicable If Default Predates 25 March 2020: Supreme Court Holds Failed Restructuring Can’t Shift Default Date [Read Judgement]
The Supreme Court of India held that the COVID-19 protection under Section 10A of the Insolvency And Bankruptcy Code, 2016 (IBC) does not apply if the default happened before 25 March 2020, and...
![COVID-19 Window u/s 10A IBC Not Applicable If Default Predates 25 March 2020: Supreme Court Holds Failed Restructuring Can’t Shift Default Date [Read Judgement]](https://images.taxscan.in/h-upload/2026/02/19/2126358-covid-19-supreme-court-supreme-court-ibc-judgment-default-date-ibc-case-ibc-restructuring-ruling-covid-19-window-under-ibc-taxscan.webp "COVID-19 Window u/s 10A IBC Not Applicable If Default Predates 25 March 2020: Supreme Court Holds Failed Restructuring Can’t Shift Default Date [Read Judgement]")
Jharkhand HC Grants Bail to Businessman in ₹35 Crore GST Evasion Case Noting Suo Moto deposit of Rs. 1.25 crores [Read Order]
The Jharkhand High Court has granted bail to a businessman in a ₹35 crore GST ( Goods and Services Tax) evasion noting the suo motu deposit of ₹1.25 crore and medical condition. The...
![Jharkhand HC Grants Bail to Businessman in ₹35 Crore GST Evasion Case Noting Suo Moto deposit of Rs. 1.25 crores [Read Order]](https://images.taxscan.in/h-upload/2026/02/19/2126356-jharkhand-hc-grants-bail-to-businessman-gst-.webp "Jharkhand HC Grants Bail to Businessman in ₹35 Crore GST Evasion Case Noting Suo Moto deposit of Rs. 1.25 crores [Read Order]")
Customs Duty Cannot Be Demanded on Leftover Offshore Materials on which Duty Paid: CESTAT Sets Aside Demand Against L&T [Read Order]
The Ahmedabad Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) set aside the customs duty demand on Larsen & Toubro Limited and its officials and held that duty cannot...
![Customs Duty Cannot Be Demanded on Leftover Offshore Materials on which Duty Paid: CESTAT Sets Aside Demand Against L&T [Read Order]](https://images.taxscan.in/h-upload/2026/02/19/2126348-cestat-ahmedabad-customs-duty-leftover-offshore-materials-lt-taxscan.webp "Customs Duty Cannot Be Demanded on Leftover Offshore Materials on which Duty Paid: CESTAT Sets Aside Demand Against L&T [Read Order]")
Area Based Excise Refunds Cannot be Recovered Once Eligibility Settled: CESTAT Quashes ₹8.78 Crore Demand on GAIL [Read Order]
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Kolkata Bench has set aside an excise demand of ₹8.78 crore holding that refunds paid under a statutory area-based exemption cannot...
![Area Based Excise Refunds Cannot be Recovered Once Eligibility Settled: CESTAT Quashes ₹8.78 Crore Demand on GAIL [Read Order]](https://images.taxscan.in/h-upload/2026/02/19/2126345-area-based-excise-refunds-1jpg.webp "Area Based Excise Refunds Cannot be Recovered Once Eligibility Settled: CESTAT Quashes ₹8.78 Crore Demand on GAIL [Read Order]")
![Supreme Court Stays TDS Demand Notices Against SBI in Foreign LTC Reimbursement Case [Read Judgement]](https://images.taxscan.in/h-upload/2026/02/19/2126337-supreme-court-stays-tds-demand-sbi-in-foreign-ltc-.webp "Supreme Court Stays TDS Demand Notices Against SBI in Foreign LTC Reimbursement Case [Read Judgement]")
SSI Exemption For Cashew Shell Liquid Remains Eligible Despite Notification Amendment: CESTAT Sets Aside ₹3.2 Lakh Duty Demand [Read Order]
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Chennai Bench has ruled that Cashew Shell Liquid (CNSL) continues to be eligible for Small-Scale Industry (SSI) exemption even after...
![SSI Exemption For Cashew Shell Liquid Remains Eligible Despite Notification Amendment: CESTAT Sets Aside ₹3.2 Lakh Duty Demand [Read Order]](https://images.taxscan.in/h-upload/2026/02/19/2126333-ssi-exemption-for-cashew-shell-liquid-remains-eligible-despite-cestat-.webp "SSI Exemption For Cashew Shell Liquid Remains Eligible Despite Notification Amendment: CESTAT Sets Aside ₹3.2 Lakh Duty Demand [Read Order]")
GST Invoices, Banking Channels and Tax Returns cannot Justify Quashing FIR at Investigation Stage: Chhattisgarh HC [Read Order]
The High Court of Chhattisgarh has held that a First Information Report (FIR) filed in an economic offence case cannot be quashed at the threshold by merely relying on Goods and Services Tax (GST)...
![GST Invoices, Banking Channels and Tax Returns cannot Justify Quashing FIR at Investigation Stage: Chhattisgarh HC [Read Order]](https://images.taxscan.in/h-upload/2026/02/19/2126338-chhattisgarh-high-court-gst-invoices-banking-channels-tax-returns-fir-investigation-taxscan.webp "GST Invoices, Banking Channels and Tax Returns cannot Justify Quashing FIR at Investigation Stage: Chhattisgarh HC [Read Order]")