Income Tax Portal Update: Updated Return Filing Excel Utilities for ITR-1 to ITR-7 now Live in Line with Budget 2025
The Income Tax Department has rolled out Excel utilities that let taxpayers file updated returns (ITR-U) across ITR-1 through ITR-7, bringing the...
![MCA notifies Relaxation of Additional Fees and Time Extension for filing of Financial Statements and Annual Returns under Companies Act [Read Circular]](https://images.taxscan.in/h-upload/2025/10/18/250x150_2097677-mca-notifies-relaxation-additional-fees-extension-filing-financial-statements-annual-returns-companies-act.webp "MCA notifies Relaxation of Additional Fees and Time Extension for filing of Financial Statements and Annual Returns under Companies Act [Read Circular]")
![Assessment Framed Without Jurisdictional Notice u/s 143(2) Invalid: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/10/18/250x150_2097659-assessment-framed-jurisdictional-notice-itat-taxscan.webp "Assessment Framed Without Jurisdictional Notice u/s 143(2) Invalid: ITAT [Read Order]")
![IBBI Amends Liquidation Process Regulations, 2025: Omits Regulations 31A(f) and 32A [Read Notification]](https://images.taxscan.in/h-upload/2025/10/18/500x300_2097657-ibbi-liquidation-process-regulations-2025-omits-regulations-31af-32a-taxscan.webp "IBBI Amends Liquidation Process Regulations, 2025: Omits Regulations 31A(f) and 32A [Read Notification]")
IBBI Amends CIRP Regulations: Omits Regulation 39C, Modifies Provisions Under Regulation 39D [Read Notification]
The Insolvency and Bankruptcy Board of India (IBBI) issued Notification No. IBBI/2025-26/GN/REG130 dated October 14, 2025, introducing the Insolvency and Bankruptcy Board of India (Insolvency...
![IBBI Amends CIRP Regulations: Omits Regulation 39C, Modifies Provisions Under Regulation 39D [Read Notification]](https://images.taxscan.in/h-upload/2025/10/18/500x300_2097625-ibbi-cirp-regulations-omits-regulation-39c-modifies-provisions-regulation-39d-taxscan.webp "IBBI Amends CIRP Regulations: Omits Regulation 39C, Modifies Provisions Under Regulation 39D [Read Notification]")
Directors Remain Criminally Liable for Dishonoured Cheques Despite Company Insolvency: Orissa HC [Read Order]
In a recent ruling, the Orissa High Court observed that directors of a company cannot escape criminal liability for cheque dishonour merely because the company has been declared insolvent. ...
![Directors Remain Criminally Liable for Dishonoured Cheques Despite Company Insolvency: Orissa HC [Read Order]](https://images.taxscan.in/h-upload/2025/10/18/500x300_2097622-cheque-dishonoured-taxscan.webp "Directors Remain Criminally Liable for Dishonoured Cheques Despite Company Insolvency: Orissa HC [Read Order]")
Centre Notifies New PMLA Rule Allowing Intermediaries to Upload and Access KYC Records Directly via Central KYC Registry [Read Notification]
The Ministry of Finance (Department of Revenue) has issued Notification No. S.O. 4697(E) dated October 16, 2025, under the Prevention of Money Laundering (Maintenance of Records) Rules, 2005,...
![Centre Notifies New PMLA Rule Allowing Intermediaries to Upload and Access KYC Records Directly via Central KYC Registry [Read Notification]](https://images.taxscan.in/h-upload/2025/10/18/500x300_2097616-centre-new-pmla-rule-intermediaries-upload-and-access-kyc-records-central-kyc-registry-taxscan.webp "Centre Notifies New PMLA Rule Allowing Intermediaries to Upload and Access KYC Records Directly via Central KYC Registry [Read Notification]")
‘Mahara Jyothi’ Rice Bran Oil Marketed as Lamp Oil Classified Under Edible Oil Tariff Heading with 5% GST: AAR [Read Order]
The Tamil Nadu Bench of Authority of Advance Ruling (AAR ) ruled that rice bran oil marketed as lamp oil under the brand name ‘Mahara Jyothi’ was classifiable under Tariff Heading 1515 90 40 as ...
![‘Mahara Jyothi’ Rice Bran Oil Marketed as Lamp Oil Classified Under Edible Oil Tariff Heading with 5% GST: AAR [Read Order]](https://images.taxscan.in/h-upload/2025/10/18/500x300_2097614-rice-oil-gst-taxscan.webp "‘Mahara Jyothi’ Rice Bran Oil Marketed as Lamp Oil Classified Under Edible Oil Tariff Heading with 5% GST: AAR [Read Order]")
Setback for Gabriel India Ltd: CESTAT Rules Assessment Was Regular, Not Provisional, Refund Denied [Read Order]
While dismissing the appeal filed by Gabriel India Ltd, the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Mumbai has held that a refund claim on customs duty was time-barred as the...
![Setback for Gabriel India Ltd: CESTAT Rules Assessment Was Regular, Not Provisional, Refund Denied [Read Order]](https://images.taxscan.in/h-upload/2025/10/18/500x300_2097602-gabriel-cestat-refund-taxscan.webp "Setback for Gabriel India Ltd: CESTAT Rules Assessment Was Regular, Not Provisional, Refund Denied [Read Order]")
Madhya Pradesh HC Slaps ₹2 Lakh Cost on Tobacco Company for Filing Repetitive Plea to Stall ₹200 Cr GST Evasion Proceedings [Read Order]
In a recent ruling, the Madhya Pradesh High Court observed that a tobacco company had filed a repetitive petition to delay the adjudication of a Rs. 200 crore GST evasion case and imposed a cost of...
![Madhya Pradesh HC Slaps ₹2 Lakh Cost on Tobacco Company for Filing Repetitive Plea to Stall ₹200 Cr GST Evasion Proceedings [Read Order]](https://images.taxscan.in/h-upload/2025/10/18/500x300_2097595-tobacco-company-gst-taxscan.webp "Madhya Pradesh HC Slaps ₹2 Lakh Cost on Tobacco Company for Filing Repetitive Plea to Stall ₹200 Cr GST Evasion Proceedings [Read Order]")