![Delayed EPF/ESIC Payments Not Deductible: ITAT Upholds Rs 12.91 Lakh Disallowance u/s 36(1)(va) r.w.s 43B [Read Order]](https://images.taxscan.in/h-upload/2025/11/06/500x300_2102735-epf-esic-epf-esic-payments-itat-disallowance-delayed-epf-esic-payments-taxscan.webp "Delayed EPF/ESIC Payments Not Deductible: ITAT Upholds Rs 12.91 Lakh Disallowance u/s 36(1)(va) r.w.s 43B [Read Order]")
Delayed EPF/ESIC Payments Not Deductible: ITAT Upholds Rs 12.91 Lakh Disallowance u/s 36(1)(va) r.w.s 43B [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) recently dismissed an appeal filed by an assessee challenging the disallowance of ...
![Resolution Plan Lacks Feasibility, Viability and IBC Compliance: NCLT Rejects CoC’s ₹1.5 Cr Resolution Plan, Orders Liquidation u/s 33(1)(b) [Read Order]](https://images.taxscan.in/h-upload/2025/11/06/250x150_2102842-resolution-plan-lacks-feasibility-viability-ibc-compliance-nclt-resolution-plan-orders-taxscan.webp "Resolution Plan Lacks Feasibility, Viability and IBC Compliance: NCLT Rejects CoC’s ₹1.5 Cr Resolution Plan, Orders Liquidation u/s 33(1)(b) [Read Order]")
![ITAT Decision to uphold Higher 22% LTCG u/s 115BAA on Domestic Company raises Eyebrows [Read Order]](https://images.taxscan.in/h-upload/2025/11/06/250x150_2102718-itat-ltcg-domestic-company-domestic-company-raises-eyebrows-taxscan.webp "ITAT Decision to uphold Higher 22% LTCG u/s 115BAA on Domestic Company raises Eyebrows [Read Order]")
![IBC’s Time-Bound Framework Bars Relief: NCLAT Refuses to Condone 389-Day Appeal Refiling Delay [Read Order]](https://images.taxscan.in/h-upload/2025/11/06/250x150_2102823-ibcs-time-bound-framework-bars-relief-nclat-condone-389-day-appeal-refiling-delay-taxscan.webp "IBC’s Time-Bound Framework Bars Relief: NCLAT Refuses to Condone 389-Day Appeal Refiling Delay [Read Order]")
University’s Affiliation Fees are Statutory levies, exempt from GST: Bombay HC quashes Tax Demand on Educational Activities [Read Order]
The Bench of Bombay High Court has quashed Rs.4.83 Crore Goods and Services Tax (GST) amount demanded on educational activities, ruling that the Affiliation fees collected by the University’s from...
![University’s Affiliation Fees are Statutory levies, exempt from GST: Bombay HC quashes Tax Demand on Educational Activities [Read Order]](https://images.taxscan.in/h-upload/2025/11/06/500x300_2102808-universitys-affiliation-fees-statutory-levies-exempt-from-gst-bombay-hc-tax-demand-educational-activities-taxscan.webp "University’s Affiliation Fees are Statutory levies, exempt from GST: Bombay HC quashes Tax Demand on Educational Activities [Read Order]")
ITAT Holds Bona Fide Belief and Lack of Technical Knowledge Constitute Sufficient Cause, Condones 972-Day Delay by 71-Year-Old Assessee [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) has condoned a delay of 972 days in filing an appeal by Mr. Kirtikumar Champaklal Bhimani, a 71-year-old individual taxpayer and held...
![ITAT Holds Bona Fide Belief and Lack of Technical Knowledge Constitute Sufficient Cause, Condones 972-Day Delay by 71-Year-Old Assessee [Read Order]](https://images.taxscan.in/h-upload/2025/11/06/500x300_2102737-itat-bona-fide-belief-lack-of-technical-knowledge-constitute-sufficient-cause-condones-taxscan.webp "ITAT Holds Bona Fide Belief and Lack of Technical Knowledge Constitute Sufficient Cause, Condones 972-Day Delay by 71-Year-Old Assessee [Read Order]")
Time-Barred and Vague Satisfaction Note: ITAT Quashes Assessments Beyond Six-Year Limit u/s 153C [Read Order]
In a consolidated ruling covering multiple assessment years, the Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has invalidated reassessments initiated under Section 153C of the Income Tax...
![Time-Barred and Vague Satisfaction Note: ITAT Quashes Assessments Beyond Six-Year Limit u/s 153C [Read Order]](https://images.taxscan.in/h-upload/2025/11/06/500x300_2102757-vague-satisfaction-note-itat-itat-quashes-itat-quashes-assessments-taxscan.webp "Time-Barred and Vague Satisfaction Note: ITAT Quashes Assessments Beyond Six-Year Limit u/s 153C [Read Order]")
Gujarat HC Calls on GST Council to Review 160% Compensation Cess on Merchant Exporter Supplies [Read Order]
In the recent judgement, The Ahmedabad Bench of Gujarat High Court called upon the GST (Goods and Services Tax ) Council to review the issues related to exemption from 160% Compensation Cess on...
![Gujarat HC Calls on GST Council to Review 160% Compensation Cess on Merchant Exporter Supplies [Read Order]](https://images.taxscan.in/h-upload/2025/11/06/500x300_2102713-gujarat-high-court-merchant-exporter-gujarat-hc-calls-taxscan.webp "Gujarat HC Calls on GST Council to Review 160% Compensation Cess on Merchant Exporter Supplies [Read Order]")
Proceedings Must Comply with Faceless Reassessment Procedure under Amended IT Act: Bombay HC Stays Old Notices [Read Order]
The Bombay High Court at Goa dealt with a series of writ petitions challenging reassessment notices issued under Section 148 of the Income Tax Act, 1961. The petitions were directed against notices...
![Proceedings Must Comply with Faceless Reassessment Procedure under Amended IT Act: Bombay HC Stays Old Notices [Read Order]](https://images.taxscan.in/h-upload/2025/11/06/500x300_2102731-faceless-reassessment-reassessment-it-act-bombay-hc-old-notices-taxscan.webp "Proceedings Must Comply with Faceless Reassessment Procedure under Amended IT Act: Bombay HC Stays Old Notices [Read Order]")
S. 68 Applies to Cash Credits in Books Even under Presumptive Tax: ITAT Deletes Ad Hoc Profit Addition [Read Order]
In a detailed ruling clarifying the interaction between presumptive taxation and unexplained cash credit provisions, the Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that...
![S. 68 Applies to Cash Credits in Books Even under Presumptive Tax: ITAT Deletes Ad Hoc Profit Addition [Read Order]](https://images.taxscan.in/h-upload/2025/11/06/500x300_2102778-cash-credits-in-books-presumptive-tax-itat-taxscan.webp "S. 68 Applies to Cash Credits in Books Even under Presumptive Tax: ITAT Deletes Ad Hoc Profit Addition [Read Order]")
Supreme Court Backs Byju's, rejects US Lender Glas Trust's Plea against NCLT’s Order on Aakash’s Equity Rights Issue
In a recent ruling, the Supreme Court of India has dismissed appeals filed by US-based lender GLAS Trust Company LLC and the Insolvency Resolution Professional of Byju's, upholding an NCLAT order...
