![S. 113(h)(i) Customs Act Applies Only When Goods Have Actually Entered For Exportation: CESTAT [Read Order]](https://images.taxscan.in/h-upload/2025/10/15/500x300_2096861-section-113hi-customs-act-customs-act-entered-for-exportation-exportation-taxscan.webp "S. 113(h)(i) Customs Act Applies Only When Goods Have Actually Entered For Exportation: CESTAT [Read Order]")
S. 113(h)(i) Customs Act Applies Only When Goods Have Actually Entered For Exportation: CESTAT [Read Order]
The Bangalore Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) ruled that Section 113(h)(i) of the Customs Act, 1962...
![Purchase of Shares Accepted in Earlier AYs Cannot be Doubted Upon its Sale: ITAT Quashes ₹9.32 Cr Addition [Read Order]](https://images.taxscan.in/h-upload/2025/10/15/250x150_2096851-itat-kolkata-section-68-unexplained-cash-credit-taxscan.webp "Purchase of Shares Accepted in Earlier AYs Cannot be Doubted Upon its Sale: ITAT Quashes ₹9.32 Cr Addition [Read Order]")
![[Breaking] MCA Extends Deadline for Filing DIR-3 KYC and DIR-3 KYC-WEB Without Fee Till Oct 31, 2025 [Read Circular]](https://images.taxscan.in/h-upload/2025/10/15/250x150_2096973-mca-extends-deadline-filing-dir-3-kyc-dir-3-kyc-web-fee-till-oct-31-2025-taxscan.webp "[Breaking] MCA Extends Deadline for Filing DIR-3 KYC and DIR-3 KYC-WEB Without Fee Till Oct 31, 2025 [Read Circular]")
![NCLAT dismisses personal guarantors appeals against Bank of Baroda, upholds lower courts direction for document inspection [Read Order]](https://images.taxscan.in/h-upload/2025/10/15/250x150_2096848-nclat-bank-of-baroda-taxscan.webp "NCLAT dismisses personal guarantors appeals against Bank of Baroda, upholds lower courts direction for document inspection [Read Order]")
Rule 86-A of CGST Rules Can’t Be Invoked to Block ITC When Electronic Credit Ledger Shows Nil Balance: Bombay HC bars “Negative Blocking“ [Read Order]
In a recent judgment, the Bombay High Court held that Rule 86-A of the Central Goods and Services Tax (CGST) Rules cannot be invoked to block Input Tax Credit (ITC) when the Electronic Credit Ledger...
![Rule 86-A of CGST Rules Can’t Be Invoked to Block ITC When Electronic Credit Ledger Shows Nil Balance: Bombay HC bars “Negative Blocking“ [Read Order]](https://images.taxscan.in/h-upload/2025/10/15/500x300_2096959-bombay-hc-rule-86a-cgst-itc-blocking-case-gst-ruling-electronic-credit-ledger.webp "Rule 86-A of CGST Rules Can’t Be Invoked to Block ITC When Electronic Credit Ledger Shows Nil Balance: Bombay HC bars “Negative Blocking“ [Read Order]")
“Reason to Believe” Must Rest on Correct Facts: ITAT invalidates Reopening Based on Wrong Assumptions [Read Order]
The Bench of the Income Tax Appellate Tribunal (ITAT), Chandigarh, held that a reassessment initiated on the basis of incorrect facts and without application of mind is invalid in law. The Tribunal...
![“Reason to Believe” Must Rest on Correct Facts: ITAT invalidates Reopening Based on Wrong Assumptions [Read Order]](https://images.taxscan.in/h-upload/2025/10/15/500x300_2096839-itat-taxscan.webp "“Reason to Believe” Must Rest on Correct Facts: ITAT invalidates Reopening Based on Wrong Assumptions [Read Order]")
NCLT must give reasons for reliefs not granted: NCLAT remands Katariya Infraproject matter [Read Order]
In a recent ruling, the National Company Law Appellate Tribunal (NCLAT) held that an adjudicating authority (National Company Law Tribunal (NCLT)) must provide explicit reasons for refusing to grant...
![NCLT must give reasons for reliefs not granted: NCLAT remands Katariya Infraproject matter [Read Order]](https://images.taxscan.in/h-upload/2025/10/15/500x300_2096829-nclat-remands-katariya-infraproject-nclt-taxscan.webp "NCLT must give reasons for reliefs not granted: NCLAT remands Katariya Infraproject matter [Read Order]")
Bullion Trader’s Demonetisation Cash Deposits Found Genuine: ITAT Deletes ₹9.24 Crore Addition u/s 68 of the Income Tax Act [Read Order]
The bench of the Income Tax Appellate Tribunal (ITAT), Lucknow, has held that cash deposits made during the demonetisation period, which were duly recorded as cash sales in the assessee’s books of...
![Bullion Trader’s Demonetisation Cash Deposits Found Genuine: ITAT Deletes ₹9.24 Crore Addition u/s 68 of the Income Tax Act [Read Order]](https://images.taxscan.in/h-upload/2025/10/15/500x300_2096821-demonetisation-cash-deposits-itat-ncome-tax-act-taxscan.webp "Bullion Trader’s Demonetisation Cash Deposits Found Genuine: ITAT Deletes ₹9.24 Crore Addition u/s 68 of the Income Tax Act [Read Order]")
Export Valuation Based on CRCL Moisture Content: CESTAT Rules Transaction Value in Invoice and BRC Must Be Accepted [Read Order]
The Hyderabad Bench of Customs, Excise and Service Tax Appellate Tribunal (CESTAT ) ruled that in exports of iron ore, the transaction value reflected in the final invoices and supported by the Bank...
![Export Valuation Based on CRCL Moisture Content: CESTAT Rules Transaction Value in Invoice and BRC Must Be Accepted [Read Order]](https://images.taxscan.in/h-upload/2025/10/15/500x300_2096823-export-valuation-export-crcl-moisture-content-crcl-moisture-cestat-taxscan.webp "Export Valuation Based on CRCL Moisture Content: CESTAT Rules Transaction Value in Invoice and BRC Must Be Accepted [Read Order]")
Parallel GST Proceedings on Same Issue Invalid under Section 6(2): Orissa HC quashes DGGI Demand [Read Order]
The Orissa High Court has quashed the Order-in-Original issued by the Assistant Commissioner, against an Engineering and Construction Company, holding that parallel proceedings on the same subject...
![Parallel GST Proceedings on Same Issue Invalid under Section 6(2): Orissa HC quashes DGGI Demand [Read Order]](https://images.taxscan.in/h-upload/2025/10/15/500x300_2096853-gst-proceedings-taxscan.webp "Parallel GST Proceedings on Same Issue Invalid under Section 6(2): Orissa HC quashes DGGI Demand [Read Order]")