Supreme Court Upholds Gujarat HC Order Quashing Income Tax Reassessment Against Adani Wilmar, Dismisses Revenue’s SLP
The Supreme Court of India has dismissed the appeal filed by the Income Tax Department against Adani Wilmar Limited, upholding the judgment of the...
![Standard Assets Eligible for Deduction u/s 36(1)(viia): ITAT Quashes Income Tax Proceedings against Bajaj Finance [Read Order]](https://images.taxscan.in/h-upload/2026/02/03/250x150_2123555-standard-assets-eligible-deduction-us-36-1viia-itat-quashes-income-tax-proceedings-against-bajaj-finance-taxscan.webp "Standard Assets Eligible for Deduction u/s 36(1)(viia): ITAT Quashes Income Tax Proceedings against Bajaj Finance [Read Order]")
![CIRP Application Time Barred By Limitation Cannot Be Revived By Issuing Demand Notice u/s 8 IBC: NCLAT [Read Order]](https://images.taxscan.in/h-upload/2026/02/03/250x150_2123552-cirp-application-time-barred-limitation-cannot-revived-taxscan.webp "CIRP Application Time Barred By Limitation Cannot Be Revived By Issuing Demand Notice u/s 8 IBC: NCLAT [Read Order]")
![Budget 2026: Know the Complete Taxation and Compliance Changes of Trusts and NGOs [Read Finance Bill 2026]](https://images.taxscan.in/h-upload/2026/02/03/250x150_2123547-budget-2026-taxation-compliance-trusts-ngos-taxscan.webp "Budget 2026: Know the Complete Taxation and Compliance Changes of Trusts and NGOs [Read Finance Bill 2026]")
![Clandestine Removal Proven Through Private Diary & S.14 Admissions: CESTAT Upholds Excise Duty and Penalty on Tobacco Manufacturer [Read Order]](https://images.taxscan.in/h-upload/2026/01/31/250x150_2122785-clandestine-removal-proven-through-private-diary-s14-admissions-taxscan.webp "Clandestine Removal Proven Through Private Diary & S.14 Admissions: CESTAT Upholds Excise Duty and Penalty on Tobacco Manufacturer [Read Order]")
Related Party Nexus Between Financial Creditor and Corporate Debtor Pierces Corporate Veil: NCLAT Recall S. 7 Admission Order [Read Order]
In a recent ruling, the National Company Law Appelate Tribunal (NCLAT), New Delhi bench, recalled its earlier admississon ofa section 7 insolvency petition. The tribunal also imposed a penalty of...
![Related Party Nexus Between Financial Creditor and Corporate Debtor Pierces Corporate Veil: NCLAT Recall S. 7 Admission Order [Read Order]](https://images.taxscan.in/h-upload/2026/02/02/500x300_2123450-related-party-nexus-between-financial-creditor-corporate-debtor-pierces-corporate-veil-nclat-taxscan.webp "Related Party Nexus Between Financial Creditor and Corporate Debtor Pierces Corporate Veil: NCLAT Recall S. 7 Admission Order [Read Order]")
Income Tax Return Figures Alone Insufficient for GST Demand: Madras HC Orders Forensic Verification [Read Order]
In a recent ruling, the Madras High Court has directed a forensic examination of the records while disposing of multiple writ petitions challenging GST assessment orders. Also ordered the...
![Income Tax Return Figures Alone Insufficient for GST Demand: Madras HC Orders Forensic Verification [Read Order]](https://images.taxscan.in/h-upload/2026/02/02/500x300_2123399-income-tax-return-figures-alone-insufficient-gst-demand-taxscan.webp "Income Tax Return Figures Alone Insufficient for GST Demand: Madras HC Orders Forensic Verification [Read Order]")
Service Tax Demand on Amount Received for Modernisation and Upgradation of Sugar Mills Found Unsustainable: CESTAT Allows Appeal [Read Order]
The Chandigarh Bench of the Customs, Exciseand Service Tax Appellate Tribunal (CESTAT) has set aside a service tax demand raised under the category of Renting of Immovable Property, holding that ...
![Service Tax Demand on Amount Received for Modernisation and Upgradation of Sugar Mills Found Unsustainable: CESTAT Allows Appeal [Read Order]](https://images.taxscan.in/h-upload/2026/01/31/500x300_2122751-service-tax-demand-amount-received-modernisation-upgradation-sugar-mills-found-unsustainable-cestat-allows-appeal-taxscan.webp "Service Tax Demand on Amount Received for Modernisation and Upgradation of Sugar Mills Found Unsustainable: CESTAT Allows Appeal [Read Order]")
CBIC Exempts Excise Duty on Unbranded, Non-Retail Unmanufactured Tobacco and Refuse, Retains 18% Levy on Others [Read Notification]
The Central Board of Indirect Taxes and Customs (CBIC) has issued an amendment notification dated 1 February, 2026, now exempting unmanufactured tobacco and tobacco refuse that do not bear a brand...
![CBIC Exempts Excise Duty on Unbranded, Non-Retail Unmanufactured Tobacco and Refuse, Retains 18% Levy on Others [Read Notification]](https://images.taxscan.in/h-upload/2026/02/02/500x300_2123361-cbic-exempts-excise-duty-unmanufactured-tobacco-refuse-taxscan.webp "CBIC Exempts Excise Duty on Unbranded, Non-Retail Unmanufactured Tobacco and Refuse, Retains 18% Levy on Others [Read Notification]")