![Sale of Ancestral Property and Reinvestment in More than One Residential Units: Delhi HC says Multiple Investments Eligible for Exemption u/s 54 [Read Order]](https://images.taxscan.in/h-upload/2025/10/29/500x300_2100819-sale-of-ancestral-property-ancestral-property-ancestral-property-and-reinvestment-taxscan.webp "Sale of Ancestral Property and Reinvestment in More than One Residential Units: Delhi HC says Multiple Investments Eligible for Exemption u/s 54 [Read Order]")
Sale of Ancestral Property and Reinvestment in More than One Residential Units: Delhi HC says Multiple Investments Eligible for Exemption u/s 54 [Read Order]
The bench of the Delhi High Court ruled that exemption under Section 54 of the Income Tax Act, 1961, is not confined to investment in a single...
![Entire Sale Consideration ₹55.80 Lakh Treated as STCG: ITAT Restores Ex-Parte Assessment Citing Delay Due to Non-Registration on IT Portal [Read Order]](https://images.taxscan.in/h-upload/2025/10/30/250x150_2100919-short-term-capital-gain-taxscan.webp "Entire Sale Consideration ₹55.80 Lakh Treated as STCG: ITAT Restores Ex-Parte Assessment Citing Delay Due to Non-Registration on IT Portal [Read Order]")
![Relevant Date for Export Duty is Date of Let Export Order, Not Loading Date: CESTAT in Bharat Mines Case [Read Order]](https://images.taxscan.in/h-upload/2025/10/29/250x150_2100809-export-cestat-chennai-bharat-mines-case-taxscan.webp "Relevant Date for Export Duty is Date of Let Export Order, Not Loading Date: CESTAT in Bharat Mines Case [Read Order]")
![Relief for BOI: NCLT Admits Section 7 Plea under IBC after Finding Corporate Debtor in Default of ₹153.98 Crore [Read Order]](https://images.taxscan.in/h-upload/2025/10/29/250x150_2100815-boi-nclt-section-7-plea-ibc-corporate-debtor-txn.webp "Relief for BOI: NCLT Admits Section 7 Plea under IBC after Finding Corporate Debtor in Default of ₹153.98 Crore [Read Order]")
Reliance on Form 26AS Insufficient & Notice Time-Barred: CESTAT sets aside Service Tax Demand [Read Order]
The New Delhi bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) allowed an appeal, setting aside a service tax demand by holding that reliance on Form 26AS was insufficient...
![Reliance on Form 26AS Insufficient & Notice Time-Barred: CESTAT sets aside Service Tax Demand [Read Order]](https://images.taxscan.in/h-upload/2025/10/29/500x300_2100804-form-26as-notice-time-barred-cestat-service-tax-service-tax-demand-taxscan.webp "Reliance on Form 26AS Insufficient & Notice Time-Barred: CESTAT sets aside Service Tax Demand [Read Order]")
Ad Hoc 10% TP Adjustment on Technical Services Deleted: ITAT Holds Adjustment Unsustainable, Methodologically Invalid [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal ( ITAT ) Mumbai has struck down the 10% ad hoc transfer pricing (TP) adjustment made on Siemens AG’s technical service transactions with Indian ...
![Ad Hoc 10% TP Adjustment on Technical Services Deleted: ITAT Holds Adjustment Unsustainable, Methodologically Invalid [Read Order]](https://images.taxscan.in/h-upload/2025/10/29/500x300_2100773-technical-services-itat-methodologically-invalid-adjustment-unsustainable-taxscan.webp "Ad Hoc 10% TP Adjustment on Technical Services Deleted: ITAT Holds Adjustment Unsustainable, Methodologically Invalid [Read Order]")
Offshore Supply and AOP Allegation in Power Grid Contracts: ITAT Finds No AOP, Rules Offshore Income Not Taxable in India [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) has held that Siemens AG’s offshore supply income under contracts with Power Grid Corporation of India Ltd. (PGCIL) is not taxable in...
![Offshore Supply and AOP Allegation in Power Grid Contracts: ITAT Finds No AOP, Rules Offshore Income Not Taxable in India [Read Order]](https://images.taxscan.in/h-upload/2025/10/29/500x300_2100800-itat-mumbai-offshore-supply-and-aop-allegation-taxscan.webp "Offshore Supply and AOP Allegation in Power Grid Contracts: ITAT Finds No AOP, Rules Offshore Income Not Taxable in India [Read Order]")
3621-Day Delay in Impleadment Examined: Delhi HC Condones Delay and Allows Son to Continue Late Father’s FERA Appeal [Read Order]
The High Court of Delhi, condoned a delay of 3621 days in filing an impleadment application and permitted the legal heir (son) of the deceased applicant (father) to continue the pending Foreign...
![3621-Day Delay in Impleadment Examined: Delhi HC Condones Delay and Allows Son to Continue Late Father’s FERA Appeal [Read Order]](https://images.taxscan.in/h-upload/2025/10/29/500x300_2100750-delhi-high-court-fathers-fera-appeal-taxscan.webp "3621-Day Delay in Impleadment Examined: Delhi HC Condones Delay and Allows Son to Continue Late Father’s FERA Appeal [Read Order]")
![Reassessment Cannot Survive Once Recorded Reasons Fail: Delhi HC [Read Order]](https://images.taxscan.in/h-upload/2025/10/29/500x300_2100821-reassessment-survive-recorded-reasons-fail-delhi-hc-taxscan.webp "Reassessment Cannot Survive Once Recorded Reasons Fail: Delhi HC [Read Order]")
UBS Mark Omission Insufficient to Confiscate Gold: Orissa HC Confirms Lawful Ownership of Gold under Customs Act [Read Order]
The Orissa High Court held that mere omission of the UBS brand mark in the invoices cannot be a lawful basis for confiscation of gold biscuits under the Customs Act, 1962. The Court affirmed that...
![UBS Mark Omission Insufficient to Confiscate Gold: Orissa HC Confirms Lawful Ownership of Gold under Customs Act [Read Order]](https://images.taxscan.in/h-upload/2025/10/29/500x300_2100816-ubs-mark-omission-insufficient-confiscate-gold-orissa-hc-lawful-ownership-gold-customs-act-taxscan.webp "UBS Mark Omission Insufficient to Confiscate Gold: Orissa HC Confirms Lawful Ownership of Gold under Customs Act [Read Order]")
[BREAKING] CBDT Extends ITR Filing Deadline for Audit Cases and Audit Report Due Date: Know the New Deadlines
The Central Board of Direct Taxes ( CBDT ), under the Ministry of Finance, Department of Revenue, through a press release dated 29 October 2025, has announced an extension of the due dates for filing...
![[BREAKING] CBDT Extends ITR Filing Deadline for Audit Cases and Audit Report Due Date: Know the New Deadlines](https://images.taxscan.in/h-upload/2025/10/29/500x300_2100866-itr-filing-tax-audit-cases-punjab-haryana-taxscan.webp "[BREAKING] CBDT Extends ITR Filing Deadline for Audit Cases and Audit Report Due Date: Know the New Deadlines")