![Supreme Court Upholds VAT ITC Benefit to Bona Fide Dealers [Read Order]](https://images.taxscan.in/h-upload/2025/10/13/500x300_2096306-vat-itc.webp "Supreme Court Upholds VAT ITC Benefit to Bona Fide Dealers [Read Order]")
Supreme Court Upholds VAT ITC Benefit to Bona Fide Dealers [Read Order]
In a recent ruling, the Supreme Court of India upheld that a bona fide purchasing dealer cannot be denied the benefit of Input Tax Credit (ITC)...
![CIT(A) Must Pass Reasoned Order, Cannot Merely Uphold AOs View: ITAT Restores Rs. 1.86 Cr Addition for Fresh Adjudication [Read Order]](https://images.taxscan.in/h-upload/2025/10/13/250x150_2096200-uphold-ao-itat-fresh-adjudication-taxscan.webp "CIT(A) Must Pass Reasoned Order, Cannot Merely Uphold AOs View: ITAT Restores Rs. 1.86 Cr Addition for Fresh Adjudication [Read Order]")
![Relief for HPCL: CESTAT Allows CENVAT Credit on HR Plates and Sheets Used for Repair and Maintenance of Storage Tanks [Read Order]](https://images.taxscan.in/h-upload/2025/10/13/250x150_2096191-hindustan-petroleum-corporation-ltd-cestat-hyderabad-taxscan.webp "Relief for HPCL: CESTAT Allows CENVAT Credit on HR Plates and Sheets Used for Repair and Maintenance of Storage Tanks [Read Order]")
![[BREAKING] Gujarat HC directs CBDT to extend ITR Due Date for Audit Cases, mandates 1 month Gap between ITR date and Tax Audit Report Date](https://images.taxscan.in/h-upload/2025/10/13/250x150_2096226-itr-audit-due-date-extension-taxscan.webp "[BREAKING] Gujarat HC directs CBDT to extend ITR Due Date for Audit Cases, mandates 1 month Gap between ITR date and Tax Audit Report Date")
Taxpayers Cannot be Left at Mercy of Assessing Officer for Genuine Income Tax Refund Delays: Allahabad HC [Read Order]
The High Court of Allahabad ruled that taxpayers cannot be left at mercy of assessing officer (AO) for genuine income tax refund delays.U.P. Rajya Nirman Sahakari Sangh Limited,petitioner-assessee,...
![Taxpayers Cannot be Left at Mercy of Assessing Officer for Genuine Income Tax Refund Delays: Allahabad HC [Read Order]](https://images.taxscan.in/h-upload/2025/10/13/500x300_2096176-income-tax-refund.webp "Taxpayers Cannot be Left at Mercy of Assessing Officer for Genuine Income Tax Refund Delays: Allahabad HC [Read Order]")
ESOP Discount Allowable as Business Deduction: ITAT affirms Consistent View in Goldman Sachs Case [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, upheld the order of the Commissioner of Income-tax (Appeals) [CIT(A)], which had allowed the deduction of Employee Stock Option Plan (ESOP)...
![ESOP Discount Allowable as Business Deduction: ITAT affirms Consistent View in Goldman Sachs Case [Read Order]](https://images.taxscan.in/h-upload/2025/10/13/500x300_2096146-esop-business-deduction-itat-goldman-sachs-case-goldman-sachs-taxscan.webp "ESOP Discount Allowable as Business Deduction: ITAT affirms Consistent View in Goldman Sachs Case [Read Order]")
Transfer of Undertaking through Court-Approved Scheme Not Taxable as Slump Sale: ITAT Rules S. 50B Inapplicable as Transfer Not result of Sale [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) ruled that the transfer of Sponge Iron Unit through a court-approved Scheme of Arrangement cannot be characterized as a slump sale under...
![Transfer of Undertaking through Court-Approved Scheme Not Taxable as Slump Sale: ITAT Rules S. 50B Inapplicable as Transfer Not result of Sale [Read Order]](https://images.taxscan.in/h-upload/2025/10/13/500x300_2096107-slump-sale-itat-rules-taxscan.webp "Transfer of Undertaking through Court-Approved Scheme Not Taxable as Slump Sale: ITAT Rules S. 50B Inapplicable as Transfer Not result of Sale [Read Order]")
Income Tax Reassessment Notices issued for Share Transfer: Delhi HC Sets Aside Notices, Remands for Fresh Consideration [Read Order]
The High Court of Delhi, sets aside notices issued under Sections 148A(1), 148A(3), and 148 of the Income Tax Act,1961, for the transfer of shares by a non-resident company and remands the matter to...
![Income Tax Reassessment Notices issued for Share Transfer: Delhi HC Sets Aside Notices, Remands for Fresh Consideration [Read Order]](https://images.taxscan.in/h-upload/2025/10/13/500x300_2096183-income-tax-reassessment-notices-share-transfer-delhi-hc-taxscan.webp "Income Tax Reassessment Notices issued for Share Transfer: Delhi HC Sets Aside Notices, Remands for Fresh Consideration [Read Order]")
Composite GST Assessment Order Invalid: AP HC Quashes Single Order Covering Multiple Tax Periods [Read Order]
The Andhra Pradesh High Court has held that a composite GST ( Goods and Services Tax ) assessment order passed for multiple tax periods is invalid in law. The Court quashed the order-in-original...
![Composite GST Assessment Order Invalid: AP HC Quashes Single Order Covering Multiple Tax Periods [Read Order]](https://images.taxscan.in/h-upload/2025/10/13/500x300_2096190-high-court-gst-order-taxscan.webp "Composite GST Assessment Order Invalid: AP HC Quashes Single Order Covering Multiple Tax Periods [Read Order]")
No Evidence of Business at Declared Place: AP HC Upholds GST Cancellation under Rule 21(a) of CGST Rules [Read Order]
The Andhra Pradesh High Court has upheld the cancellation of GST ( Goods and Services Tax ) registration, observing that the taxpayer had not conducted any business from the declared place of...
![No Evidence of Business at Declared Place: AP HC Upholds GST Cancellation under Rule 21(a) of CGST Rules [Read Order]](https://images.taxscan.in/h-upload/2025/10/13/500x300_2096169-no-evidence-taxscan.webp "No Evidence of Business at Declared Place: AP HC Upholds GST Cancellation under Rule 21(a) of CGST Rules [Read Order]")