Tax Audit Checklist for FY 2024 - 25: A Comprehensive Guide for Compliance
Tax audits under Section 44AB of the Income Tax Act, 1961, are an important compliance mechanism for businesses and professionals whose turnover or...
![Additions on Cash Deposits and Property Purchase Made Without Proper Appraisal of Evidence: ITAT Orders Fresh Verification [Read Order]](https://images.taxscan.in/h-upload/2025/11/13/250x150_2104797-whatsapp-image-2025-11-13-at-103613-am.webp "Additions on Cash Deposits and Property Purchase Made Without Proper Appraisal of Evidence: ITAT Orders Fresh Verification [Read Order]")
![BCI Notifies Rules for Foreign-National Advocates to Enrol and Practice Law in India [Read Notification]](https://images.taxscan.in/h-upload/2025/11/15/250x150_2105478-bci-foreign-national-advocates-practice-law-in-india-taxscan.webp "BCI Notifies Rules for Foreign-National Advocates to Enrol and Practice Law in India [Read Notification]")
![Electronic Data without Section 138C Certification Inadmissible: CESTAT Rejects DRI’s Electronic Evidence in Customs Case [Read Order]](https://images.taxscan.in/h-upload/2025/11/11/250x150_2104316-electronic-data-cestat-rejects-dris-electronic-evidence-customs-case-taxscan.webp "Electronic Data without Section 138C Certification Inadmissible: CESTAT Rejects DRI’s Electronic Evidence in Customs Case [Read Order]")
Bribe Money Repayment not Legally enforceable Debt/Liability: Madras HC upholds Acquittal in S. 138 Cheque Bounce Case [Read Order]
The Madurai Bench of the Madras High Court (Madras HC) has upheld the acquittal of the accused in a cheque bounce case under Section 138 of the Negotiable Instruments Act, 1881 (NI Act), holding...
![Bribe Money Repayment not Legally enforceable Debt/Liability: Madras HC upholds Acquittal in S. 138 Cheque Bounce Case [Read Order]](https://images.taxscan.in/h-upload/2025/11/15/500x300_2105456-money-repayment-legally-enforceable-debt-madras-hc-cheque-bounce-case-taxscan.webp "Bribe Money Repayment not Legally enforceable Debt/Liability: Madras HC upholds Acquittal in S. 138 Cheque Bounce Case [Read Order]")
Private Placement Violation: MCA imposes Lesser Penalty on DPIIT-Start-up for Not Disclosing Identified Persons in Shareholders Resolution [Read Order]
The Ministry of Corporate Affairs ( MCA ) has imposed a reduced penalty on a DPIIT-recognised start-up, for violating private placement norms by failing to disclose the identified persons in the...
![Private Placement Violation: MCA imposes Lesser Penalty on DPIIT-Start-up for Not Disclosing Identified Persons in Shareholders Resolution [Read Order]](https://images.taxscan.in/h-upload/2025/11/15/500x300_2105440-mca-private-placement-violation-shareholders-resolution-taxscan.webp "Private Placement Violation: MCA imposes Lesser Penalty on DPIIT-Start-up for Not Disclosing Identified Persons in Shareholders Resolution [Read Order]")
No Nexus with Employment: Karnataka HC Rules Interest on Loan Advanced to Company Not Deductible From Salary Income [Read Order]
The Karnataka High Court ruled that interest paid on a loan borrowed by an assessee and advanced to a company in which he was a Director cannot be deducted against salary income. Sri Mukesh...
![No Nexus with Employment: Karnataka HC Rules Interest on Loan Advanced to Company Not Deductible From Salary Income [Read Order]](https://images.taxscan.in/h-upload/2025/11/15/500x300_2105439-nexus-employment-karnataka-hc-rules-interest-loan-advanced-company-deductible-salary-income-txn.webp "No Nexus with Employment: Karnataka HC Rules Interest on Loan Advanced to Company Not Deductible From Salary Income [Read Order]")
No Penalty for Non-Filing of BEN-2: MCA Accepts Explanation as Foreign Shareholder Dissolved Before SBO Compliance Window [Read Order]
The Ministry of Corporate Affairs ( MCA ) has declined to levy any penalty for non-filing of Form BEN-2, after accepting the company’s explanation that its foreign shareholder required to be...
![No Penalty for Non-Filing of BEN-2: MCA Accepts Explanation as Foreign Shareholder Dissolved Before SBO Compliance Window [Read Order]](https://images.taxscan.in/h-upload/2025/11/15/500x300_2105433-penalty-non-filing-of-ben-2-ben-2-mca-foreign-shareholder-taxscan.webp "No Penalty for Non-Filing of BEN-2: MCA Accepts Explanation as Foreign Shareholder Dissolved Before SBO Compliance Window [Read Order]")
Calcutta HC dismisses Petitions Challenging CESTAT Order on CENVAT Credit Reversal in Tata Steel Insolvency Case [Read Order]
The Calcutta High Court has dismissed multiple writ petitions filed by Tata Steel Limited (formerly Tata Steel BSL Limited) challenging a common order passed by the Customs, Excise and Service Tax...
![Calcutta HC dismisses Petitions Challenging CESTAT Order on CENVAT Credit Reversal in Tata Steel Insolvency Case [Read Order]](https://images.taxscan.in/h-upload/2025/11/15/500x300_2105425-calcutta-hc-dismisses-petitions-challenging-cestat-order-cenvat-credit-reversal-tata-steel-insolvency-case-txn.webp "Calcutta HC dismisses Petitions Challenging CESTAT Order on CENVAT Credit Reversal in Tata Steel Insolvency Case [Read Order]")
CESTAT Rules Department Cannot Reopen Final Refund Order Without Statutory Authority, Sets Aside Recovery against Ahluwalia Construction Group [Read Order]
The New Delhi Bench of the Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ) set aside the order passed by the Commissioner (Appeals-II), which had upheld the recovery of ₹9,13,413 and...
![CESTAT Rules Department Cannot Reopen Final Refund Order Without Statutory Authority, Sets Aside Recovery against Ahluwalia Construction Group [Read Order]](https://images.taxscan.in/h-upload/2025/11/11/500x300_2104259-cestat-cestat-rules-final-refund-refund-order-statutory-authority-ahluwalia-construction-group-taxscan.webp "CESTAT Rules Department Cannot Reopen Final Refund Order Without Statutory Authority, Sets Aside Recovery against Ahluwalia Construction Group [Read Order]")
![CESTAT Rules Re-determination of Value Based on Unsustainable Forensic Data Invalid [Read Order]](https://images.taxscan.in/h-upload/2025/11/11/500x300_2104262-cestat-cestat-rules-re-determination-taxscan.webp "CESTAT Rules Re-determination of Value Based on Unsustainable Forensic Data Invalid [Read Order]")