![CENVAT Credit Need Not Be Reversed Under Rule 3(5B) For Inputs Or Sub-Assemblies Scrapped During Manufacturing: CESTAT [Read Order]](https://images.taxscan.in/h-upload/2025/10/16/500x300_2097128-cenvat-credit-sub-assemblies-scrapped-manufacturing-cestat-taxscan.webp "CENVAT Credit Need Not Be Reversed Under Rule 3(5B) For Inputs Or Sub-Assemblies Scrapped During Manufacturing: CESTAT [Read Order]")
CENVAT Credit Need Not Be Reversed Under Rule 3(5B) For Inputs Or Sub-Assemblies Scrapped During Manufacturing: CESTAT [Read Order]
The Chandigarh Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) held that CENVAT credit reversal under Rule 3(5B) of the...
![Disallowance Restricted to 12.5% in Quantum Appeal: ITAT Deletes Penalty Citing Faulty Charge [Read Order]](https://images.taxscan.in/h-upload/2025/10/16/250x150_2097123-itat-mumbai-disallowance-penalty-taxscan.webp "Disallowance Restricted to 12.5% in Quantum Appeal: ITAT Deletes Penalty Citing Faulty Charge [Read Order]")
![No Disallowance can be made without Rejecting Books of Account: ITAT Deletes ₹63.16 Lakh addition on Expenses [Read Order]](https://images.taxscan.in/h-upload/2025/10/16/250x150_2097111-books-of-account-itat-taxscan.webp "No Disallowance can be made without Rejecting Books of Account: ITAT Deletes ₹63.16 Lakh addition on Expenses [Read Order]")
![Disallowance Invalid When Amount Not Charged to P&L: ITAT deletes ₹25.55 Lakh WIP Addition Citing Presumption Basis [Read Order]](https://images.taxscan.in/h-upload/2025/10/16/250x150_2097124-disallowance-charged-to-pl-itat-wip-addition-citing-wip-additio-taxscan.webp "Disallowance Invalid When Amount Not Charged to P&L: ITAT deletes ₹25.55 Lakh WIP Addition Citing Presumption Basis [Read Order]")
Used Machinery cannot be imported under EPCG Scheme: CESTAT Finds No Fraud, Sets Aside Penalty [Read Order]
The Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ), Chennai Benchheld that while used machinery cannot be imported under the Export Promotion Capital Goods (EPCG) Scheme, there was...
![Used Machinery cannot be imported under EPCG Scheme: CESTAT Finds No Fraud, Sets Aside Penalty [Read Order]](https://images.taxscan.in/h-upload/2025/10/16/500x300_2097100-cestat-epcg-scheme-taxscan.webp "Used Machinery cannot be imported under EPCG Scheme: CESTAT Finds No Fraud, Sets Aside Penalty [Read Order]")
Mere Purchase of Land Not Commencement of Charitable Activities: ITAT directs to Grant Registration u/s 12AB [Read Order]
The Chandigarh Bench of the Income Tax Appellate Tribunal ( ITAT ) has held that the mere purchase of land or preparatory steps such as acquiring infrastructure cannot be equated with the...
![Mere Purchase of Land Not Commencement of Charitable Activities: ITAT directs to Grant Registration u/s 12AB [Read Order]](https://images.taxscan.in/h-upload/2025/10/16/500x300_2097092-purchase-of-land-charitable-activities-itat-taxscan.webp "Mere Purchase of Land Not Commencement of Charitable Activities: ITAT directs to Grant Registration u/s 12AB [Read Order]")
Third-Party Statement Basis for Reassessment of ₹2.86 Cr Cash Deposit: ITAT remands File to CIT(A) for Source Verification [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) upheld the reassessment of ₹2.86 Cr cash deposit based on the third party's statement and remanded the file to CIT(A) for the verification of...
![Third-Party Statement Basis for Reassessment of ₹2.86 Cr Cash Deposit: ITAT remands File to CIT(A) for Source Verification [Read Order]](https://images.taxscan.in/h-upload/2025/10/16/500x300_2097116-reassessment-taxscan.webp "Third-Party Statement Basis for Reassessment of ₹2.86 Cr Cash Deposit: ITAT remands File to CIT(A) for Source Verification [Read Order]")
CIT(A) Restricts Addition on Alleged Bogus Transactions to 5% Instead of 100%: ITAT Orders De Novo Adjudication on Revenue’s Appeal [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ), with respect to the case involving alleged bogus purchase transactions, has set aside the order of the Commissioner (Appeals) and...
![CIT(A) Restricts Addition on Alleged Bogus Transactions to 5% Instead of 100%: ITAT Orders De Novo Adjudication on Revenue’s Appeal [Read Order]](https://images.taxscan.in/h-upload/2025/10/16/500x300_2097096-de-novo-adjudication-taxscan.webp "CIT(A) Restricts Addition on Alleged Bogus Transactions to 5% Instead of 100%: ITAT Orders De Novo Adjudication on Revenue’s Appeal [Read Order]")
![No Evidence of Price Rigging or Bogus Share Transactions: ITAT Quashes S. 68 Addition [Read Order]](https://images.taxscan.in/h-upload/2025/10/16/500x300_2097072-rigging-bogus-itat-quashes-taxscan.webp "No Evidence of Price Rigging or Bogus Share Transactions: ITAT Quashes S. 68 Addition [Read Order]")