CBI Arrests CGST Superintendent and Inspector in Mumbai for Demanding ₹25k Bribe for GST Registration & Favourable Report
The Central Bureau of Investigation (CBI) has arrested a Superintendent and an Inspector of the Santacruz Division of the Central Goods and Services...
![Sugar Company Claims Rs. 14.45 Lakh Interest on FDs against Pre-Operative Expenses: ITAT Allows Set-Off [Read Order]](https://images.taxscan.in/h-upload/2025/10/08/250x150_2094869-sugar-mills-taxscan.webp "Sugar Company Claims Rs. 14.45 Lakh Interest on FDs against Pre-Operative Expenses: ITAT Allows Set-Off [Read Order]")
![School Fees Deposited in Bank Account Treated as Unexplained Income: ITAT Remits Matter to AO to Examine Exemption u/s 10(23C)(iiiad) [Read Order]](https://images.taxscan.in/h-upload/2025/10/08/250x150_2094867-school-fees-deposited-bank-account-unexplained-income-itat-taxscan.webp "School Fees Deposited in Bank Account Treated as Unexplained Income: ITAT Remits Matter to AO to Examine Exemption u/s 10(23C)(iiiad) [Read Order]")
![Neither Taxpayers Nor DVOs Valuation Acceptable Due to Inadequacy and Locational Differences: ITAT Restores Matter for Revised Valuation [Read Order]](https://images.taxscan.in/h-upload/2025/10/08/250x150_2094860-itat-ahmedabad-taxpayer-neither-taxpayers-nor-dvo-taxscan.webp "Neither Taxpayers Nor DVOs Valuation Acceptable Due to Inadequacy and Locational Differences: ITAT Restores Matter for Revised Valuation [Read Order]")
![No Income Tax Penalty Leviable u/s 271D as Assessee did not Violate Section 296SS: ITAT Dismisses Appeal by Revenue [Read Order]](https://images.taxscan.in/h-upload/2025/10/08/250x150_2094853-income-tax-act-cash-transaction-overview-of-cash-transaction-tax-evasion-non-cash-payments-reduce-tax-evasion-cash-transaction-provisions-taxscan.webp "No Income Tax Penalty Leviable u/s 271D as Assessee did not Violate Section 296SS: ITAT Dismisses Appeal by Revenue [Read Order]")
RBI Issues Draft Directions and Invites Comments on Capital Charge and ECL-based Provisioning Framework for Banks [Read Press Release]
The Reserve Bank of India (RBI) on October 7, 2025, issued two sets of draft Directions in pursuance of an announcement made in the Statement on Developmental and Regulatory Policies issued on...
![RBI Issues Draft Directions and Invites Comments on Capital Charge and ECL-based Provisioning Framework for Banks [Read Press Release]](https://images.taxscan.in/h-upload/2025/10/08/500x300_2094842-rbi-ecl-taxscan.webp "RBI Issues Draft Directions and Invites Comments on Capital Charge and ECL-based Provisioning Framework for Banks [Read Press Release]")
RBI Enables Retail Access to FX-Retail Platform via Bharat Connect: Pilot Launched with Axis, SBI, ICICI, Federal & Yes Bank [Read Press Release]
The Reserve Bank of India on October 7, 2025, launched a pilot linking the Clearcorp Dealing Systems (India) Ltd.’s FX-Retail platform with the Bharat Bill Payment System (Bharat Connect).Also...
![RBI Enables Retail Access to FX-Retail Platform via Bharat Connect: Pilot Launched with Axis, SBI, ICICI, Federal & Yes Bank [Read Press Release]](https://images.taxscan.in/h-upload/2025/10/08/500x300_2094831-bharat-connect-taxscan.webp "RBI Enables Retail Access to FX-Retail Platform via Bharat Connect: Pilot Launched with Axis, SBI, ICICI, Federal & Yes Bank [Read Press Release]")
Electronic Data Interchange (EDI) System Glitches: CESTAT remands Refund Claim on CVD Paid for Fresh Adjudication [Read Order]
The Chennai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has remanded the refund claims of two Imp-Ex Companies for fresh adjudication, directing the original authority to...
![Electronic Data Interchange (EDI) System Glitches: CESTAT remands Refund Claim on CVD Paid for Fresh Adjudication [Read Order]](https://images.taxscan.in/h-upload/2025/10/08/500x300_2094826-technical-glitches-taxscan.webp "Electronic Data Interchange (EDI) System Glitches: CESTAT remands Refund Claim on CVD Paid for Fresh Adjudication [Read Order]")
![CIT(Appeals)/NFAC Cannot Dismiss Appeals in Limine without Examining Merits: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/10/08/500x300_2094810-itat.webp "CIT(Appeals)/NFAC Cannot Dismiss Appeals in Limine without Examining Merits: ITAT [Read Order]")
Mere Affidavits of Siblings cannot Substantiate Family Property Settlement Claim : ITAT Grants Final Chance to Justify Deposits [Read Order]
The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT), while partly allowing the appeal with regards to the cash deposits, observed that mere affidavits of siblings, without a proper...
![Mere Affidavits of Siblings cannot Substantiate Family Property Settlement Claim : ITAT Grants Final Chance to Justify Deposits [Read Order]](https://images.taxscan.in/h-upload/2025/10/08/500x300_2094796-family-property-settlement-claim-itat-justify-deposits-taxscan.webp "Mere Affidavits of Siblings cannot Substantiate Family Property Settlement Claim : ITAT Grants Final Chance to Justify Deposits [Read Order]")
