![Select Committee Approves Digital Access for Income Tax Officers Including Social Media and Emails: Here’s What the Report Says [Read Order]](https://images.taxscan.in/h-upload/2025/07/22/500x300_2067638-income-tax-officers-social-media-emails-taxscan.webp "Select Committee Approves Digital Access for Income Tax Officers Including Social Media and Emails: Here’s What the Report Says [Read Order]")
Select Committee Approves Digital Access for Income Tax Officers Including Social Media and Emails: Here’s What the Report Says [Read Order]
In a major move, the Parliamentary Select Committee has approved provisions in the new Income Tax Bill 2025 that allow tax officers to access and...
![Relief for IndiGo: ITAT Upholds Deletion of Rs. 11.05 Crore Disallowance u/s 37 as AO’s Final Assessment Confirms Nil Income [Read Order]](https://images.taxscan.in/h-upload/2025/07/22/250x150_2067592-relief-for-indigo-indigo-itat-taxsacn.webp "Relief for IndiGo: ITAT Upholds Deletion of Rs. 11.05 Crore Disallowance u/s 37 as AO’s Final Assessment Confirms Nil Income [Read Order]")
![BNS Offences Qualify as Scheduled Offences Under PMLA Even Without Formal Amendment: Bombay HC [Read Order]](https://images.taxscan.in/h-upload/2025/07/22/250x150_2067680-bns-offences-pmla-taxscan.webp "BNS Offences Qualify as Scheduled Offences Under PMLA Even Without Formal Amendment: Bombay HC [Read Order]")
ITAT Allows Genpact to Exclude Telecom and Training Receipts from Total Turnover u/s 10AA as They Are Already Excluded from Export Turnover [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) allowed Genpact to exclude telecommunication expenses and recovery receipts for migration and on-the-job training from total turnover under...
![ITAT Allows Genpact to Exclude Telecom and Training Receipts from Total Turnover u/s 10AA as They Are Already Excluded from Export Turnover [Read Order]](https://images.taxscan.in/h-upload/2025/07/22/500x300_2067615-itat-delhi-itat-allows-genpact-genpact-taxscan.webp "ITAT Allows Genpact to Exclude Telecom and Training Receipts from Total Turnover u/s 10AA as They Are Already Excluded from Export Turnover [Read Order]")
Bank Frauds in India Decline by 61% in FY 2024-25 as RBI Strengthens KYC and Transaction Monitoring Systems: Lok Sabha Answer by FinMin
India has recorded a dramatic reduction in bank frauds in the financial year 2024-25, with cases falling by over 61 percent compared to the previous year, according to data released by the Ministry...
Farmers and MSMEs Get Relief under New Guidelines as RBI Eases Gold Loan Norms for Small Borrowers: Central Govt
The Central Government has confirmed that the Reserve Bank of India (RBI) has issued new guidelines, easing norms for small-ticket gold loans to benefit farmers and micro, small and medium...
[BREAKING] Reliance Communications Loan gets flagged as “Fraud” by SEBI, SBI set to complain to CBI: Lok Sabha Answer by FinMin
A loan account of Reliance Communications Limited (RCOM), headed by Anil D. Ambani has been officially classified as "fraud" by the State Bank of India (SBI), with the matter now attracting...
![[BREAKING] Reliance Communications Loan gets flagged as “Fraud” by SEBI, SBI set to complain to CBI: Lok Sabha Answer by FinMin](https://images.taxscan.in/h-upload/2025/07/22/500x300_2067666-reliance-communications-1.webp "[BREAKING] Reliance Communications Loan gets flagged as “Fraud” by SEBI, SBI set to complain to CBI: Lok Sabha Answer by FinMin")
Denial of CENVAT Credit for Non-Manufacture Activity: CESTAT Sets Aside Order as Duty Was Paid on All Goods [Read Order]
The Mumbai Bench of Customs, Excise and Service Tax Appellate Tribunal ( CESTAT) set aside the denial of CENVAT credit to the assessee observing that duty had been paid on all goods, including those...
![Denial of CENVAT Credit for Non-Manufacture Activity: CESTAT Sets Aside Order as Duty Was Paid on All Goods [Read Order]](https://images.taxscan.in/h-upload/2025/07/22/500x300_2067568-cestat-mumbai-denial-of-cenvat-credit-taxscan.webp "Denial of CENVAT Credit for Non-Manufacture Activity: CESTAT Sets Aside Order as Duty Was Paid on All Goods [Read Order]")
CESTAT dismisses Mittal Corp’s appeal despite CIRP Proceedings, upholds Excise Duty and Penalty for Clandestine Removal of Goods [Read Order]
The New Delhi bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has dismissed the appeal filed by Mittal Corp Limited, upholding the confirmation of Central Excise duty...
![CESTAT dismisses Mittal Corp’s appeal despite CIRP Proceedings, upholds Excise Duty and Penalty for Clandestine Removal of Goods [Read Order]](https://images.taxscan.in/h-upload/2025/07/22/500x300_2067550-cestat-dismisses-mittal-corps-appeal-cestat-mittal-corps-limited-taxscan.webp "CESTAT dismisses Mittal Corp’s appeal despite CIRP Proceedings, upholds Excise Duty and Penalty for Clandestine Removal of Goods [Read Order]")
Second-hand Digital MFDs Qualifying as Highly Specialized Equipment Are Freely Importable and Eligible for Provisional Releases: Madras HC [Read Order]
In a recent ruling, the Madras High Court held that second-hand digital multifunction devices (MFDs) that qualify as Highly Specialized Equipment (HSE) are freely importable and eligible for...
![Second-hand Digital MFDs Qualifying as Highly Specialized Equipment Are Freely Importable and Eligible for Provisional Releases: Madras HC [Read Order]](https://images.taxscan.in/h-upload/2025/07/22/500x300_2067629-madras-hc-mfd-taxscan.webp "Second-hand Digital MFDs Qualifying as Highly Specialized Equipment Are Freely Importable and Eligible for Provisional Releases: Madras HC [Read Order]")