ECI Tightens Vigil on Use of Money Power in Bihar Elections: ED, Income Tax, CGST, Customs & RBI to Intensify Measures
The Election Commission of India (ECI) has directed multiple central enforcement and financial intelligence agencies including the Enforcement...
![When Genuineness of Purchases is Doubtful but Sales Are Genuine, Only Profit Element 15% Can Be Added to Income: Bombay HC [Read Order]](https://images.taxscan.in/h-upload/2025/10/16/250x150_2097082-bombay-high-court-when-genuineness-of-purchases-taxscan.webp "When Genuineness of Purchases is Doubtful but Sales Are Genuine, Only Profit Element 15% Can Be Added to Income: Bombay HC [Read Order]")
![SARFAESI Act vs GST Act: Karnataka HC Rules Canara Banks Earlier Charge Takes Priority Over Tax Authorities [Read Order]](https://images.taxscan.in/h-upload/2025/10/16/250x150_2097080-sarfaesi-act-vs-gst-act.webp "SARFAESI Act vs GST Act: Karnataka HC Rules Canara Banks Earlier Charge Takes Priority Over Tax Authorities [Read Order]")
![SEBI Extends Deadline for Angel Funds to Disclose Investment Allocation Methodology in PPMs [Read Circular]](https://images.taxscan.in/h-upload/2025/10/16/250x150_2097071-deadline-extended-taxscan.webp "SEBI Extends Deadline for Angel Funds to Disclose Investment Allocation Methodology in PPMs [Read Circular]")
![₹40 Crore Fake GST ITC Allegation: Allahabad HC Releases Accused on Bail [Read Order]](https://images.taxscan.in/h-upload/2025/10/16/250x150_2097066-fake-gst-itc-gst-gst-itc-allegation-bail-input-tax-credit-taxscan.webp "₹40 Crore Fake GST ITC Allegation: Allahabad HC Releases Accused on Bail [Read Order]")
DGFT Amends Bovine Meat Export Policy: Mandates Proof of Remittance to Development Fund [Read Notification]
The Directorate General of Foreign Trade (DGFT), functioning under the Ministry of Commerce and Industry has released a notification amending the export policy for meat and meat products, now...
![DGFT Amends Bovine Meat Export Policy: Mandates Proof of Remittance to Development Fund [Read Notification]](https://images.taxscan.in/h-upload/2025/10/15/500x300_2096964-bovine-meat-taxscan.webp "DGFT Amends Bovine Meat Export Policy: Mandates Proof of Remittance to Development Fund [Read Notification]")
ITAT allows All Appeals of FMI Automotive Components on Foreign Exchange Loss, Capital Expenditure & Insurance Claims [Read Order]
The Income Tax Appellate Tribunal (ITAT) at Delhi Bench rejected an appeal filed by Revenue against the order of the Learned Commissioner of Income Tax (Appeals)/National Faceless Appeal Centre...
![ITAT allows All Appeals of FMI Automotive Components on Foreign Exchange Loss, Capital Expenditure & Insurance Claims [Read Order]](https://images.taxscan.in/h-upload/2025/10/15/500x300_2096931-itat-fmi-automotive-foreign-exchange-loss-capital-expenditure-taxscan.webp "ITAT allows All Appeals of FMI Automotive Components on Foreign Exchange Loss, Capital Expenditure & Insurance Claims [Read Order]")
Tax Authorities must Consider Late Replies to SCNs before Passing Orders: J&K HC Sets Aside GST Demand [Read Order]
In a recent judgment, the High Court of Jammu & Kashmir and Ladakh has held that tax authorities must consider late replies to show cause notices before passing final orders under the GST Act,...
![Tax Authorities must Consider Late Replies to SCNs before Passing Orders: J&K HC Sets Aside GST Demand [Read Order]](https://images.taxscan.in/h-upload/2025/10/16/500x300_2097039-gst-demand-taxscan.webp "Tax Authorities must Consider Late Replies to SCNs before Passing Orders: J&K HC Sets Aside GST Demand [Read Order]")
No Transfer of 'Effective Control': CESTAT rules Medical Equipment Leasing as Service, Not Deemed Sale, upholds Service Tax Demand [Read Order]
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT) Bench at Hyderabad dismissed an appeal filed by assessee against the impugned order of the Commissioner (Appeals) October 29, 2023...
![No Transfer of Effective Control: CESTAT rules Medical Equipment Leasing as Service, Not Deemed Sale, upholds Service Tax Demand [Read Order]](https://images.taxscan.in/h-upload/2025/10/15/500x300_2096921-deemed-sale-taxscan.webp "No Transfer of Effective Control: CESTAT rules Medical Equipment Leasing as Service, Not Deemed Sale, upholds Service Tax Demand [Read Order]")
GST ITC on electricity supplied to Township not Permissible: Chhattisgarh HC dismisses BALCO’s Appeal [Read Order]
While dismissing the appeal of Bharat Aluminum Company Limited (BALCO), the Chhattisgarh High Court has held that Input Tax Credit (ITC) on Compensation Cess paid for imported coal is not...
![GST ITC on electricity supplied to Township not Permissible: Chhattisgarh HC dismisses BALCO’s Appeal [Read Order]](https://images.taxscan.in/h-upload/2025/10/16/500x300_2097036-balco-electricity-taxscan.webp "GST ITC on electricity supplied to Township not Permissible: Chhattisgarh HC dismisses BALCO’s Appeal [Read Order]")
S. 144(C)(13) Timeline Mandatory: Bombay HC rules Transfer Pricing Addition Non Est for Delay in DRP Directions Implementation [Read Order]
The Bombay High Court has held that the timeline under Section 144(C)(13) of the Income Tax Act, 1961 is mandatory, and failure to complete assessment within this period renders the transfer pricing...
![S. 144(C)(13) Timeline Mandatory: Bombay HC rules Transfer Pricing Addition Non Est for Delay in DRP Directions Implementation [Read Order]](https://images.taxscan.in/h-upload/2025/10/16/500x300_2097030-transfer-pricing-taxscan.webp "S. 144(C)(13) Timeline Mandatory: Bombay HC rules Transfer Pricing Addition Non Est for Delay in DRP Directions Implementation [Read Order]")