![Depreciation on Goodwill from HC Approved Amalgamation not a Representation of Land Value: ITAT upholds deletion of Disallowance [Read Order]](https://images.taxscan.in/h-upload/2025/10/18/500x300_2097743-amalgamation-taxscan.webp "Depreciation on Goodwill from HC Approved Amalgamation not a Representation of Land Value: ITAT upholds deletion of Disallowance [Read Order]")
Depreciation on Goodwill from HC Approved Amalgamation not a Representation of Land Value: ITAT upholds deletion of Disallowance [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) upheld the depreciation on Goodwill from the High Court-approved amalgamation and dismissed...
![Educational Trust’s Objects Genuine and Charitable Based on Documentary Evidence: ITAT quashes S. 12AB & S. 80G Registration Denial [Read Order]](https://images.taxscan.in/h-upload/2025/10/18/250x150_2097740-section-registration-denial-taxscan.webp "Educational Trust’s Objects Genuine and Charitable Based on Documentary Evidence: ITAT quashes S. 12AB & S. 80G Registration Denial [Read Order]")
![Spa Company Collected Service Tax but fails to Deposit: CESTAT Confirms ₹17.28 Lakh Tax Demand and Penalty [Read Order]](https://images.taxscan.in/h-upload/2025/10/18/250x150_2097723-service-tax-cestat-tax-demand-penalty-taxscan.webp "Spa Company Collected Service Tax but fails to Deposit: CESTAT Confirms ₹17.28 Lakh Tax Demand and Penalty [Read Order]")
![IFSCA Amends Listing Regulations, 2025: Extends Financial Disclosure Timelines and Updates Compliance Periods [Read Notification]](https://images.taxscan.in/h-upload/2025/10/18/250x150_2097684-ifsca-listing-regulations-2025-extends-financial-disclosure-timelines-updates-compliance-periods-taxscan.webp "IFSCA Amends Listing Regulations, 2025: Extends Financial Disclosure Timelines and Updates Compliance Periods [Read Notification]")
AAR rejects Advance Ruling application on Waste Management Service Classification as Issue already Pending in Tax Proceedings [Read Order]
The Tamil Nadu Authority for Advance Ruling (AAR) has rejected an application seeking clarification on the classification and GST exemption for solid waste management services, as the issue was...
![AAR rejects Advance Ruling application on Waste Management Service Classification as Issue already Pending in Tax Proceedings [Read Order]](https://images.taxscan.in/h-upload/2025/10/18/500x300_2097673-aar-tamil-nadu-tax-proceedings-aar-rejects-advance-ruling-taxscan.webp "AAR rejects Advance Ruling application on Waste Management Service Classification as Issue already Pending in Tax Proceedings [Read Order]")
Fly Ash Bricks Attract 12% GST with ITC or 6% without ITC, Not Eligible for Composition Scheme: AAR [Read Order]
The Tamil Nadu Authority for Advance Ruling (AAR) has ruled that Fly Ash Bricks attract a 12% GST rate with Input Tax Credit (ITC) or a 6% rate without ITC, and that manufacturers are not eligible for...
![Fly Ash Bricks Attract 12% GST with ITC or 6% without ITC, Not Eligible for Composition Scheme: AAR [Read Order]](https://images.taxscan.in/h-upload/2025/10/18/500x300_2097653-fly-ash-bricks-taxscan.webp "Fly Ash Bricks Attract 12% GST with ITC or 6% without ITC, Not Eligible for Composition Scheme: AAR [Read Order]")
Karnataka HC Rules Canara Bank’s SARFAESI Charge Prevails over Later GST Department Claim, Orders Removal of Encumbrance [Read Order]
In a recent decision, the Karnataka High Court held that Canara Bank’s registered charge under the SARFAESI Act takes precedence over a subsequent charge created by the GST ( Goods and Services Tax )...
![Karnataka HC Rules Canara Bank’s SARFAESI Charge Prevails over Later GST Department Claim, Orders Removal of Encumbrance [Read Order]](https://images.taxscan.in/h-upload/2025/10/18/500x300_2097725-canara-bank-taxscan.webp "Karnataka HC Rules Canara Bank’s SARFAESI Charge Prevails over Later GST Department Claim, Orders Removal of Encumbrance [Read Order]")
New Changes in GST Invoice Management System (IMS) from October 2025 Tax Period that You Must Know [Read FAQs]
Beginning with the October 2025 tax period, the Goods and Services Tax Network (GSTN) will roll out key upgrades to the Invoice Management System (IMS), aimed at improving flexibility and accuracy...
![New Changes in GST Invoice Management System (IMS) from October 2025 Tax Period that You Must Know [Read FAQs]](https://images.taxscan.in/h-upload/2025/10/18/500x300_2097705-gst-ims-update-taxscan.webp "New Changes in GST Invoice Management System (IMS) from October 2025 Tax Period that You Must Know [Read FAQs]")
Income Tax Portal Update: Updated Return Filing Excel Utilities for ITR-1 to ITR-7 now Live in Line with Budget 2025
The Income Tax Department has rolled out Excel utilities that let taxpayers file updated returns (ITR-U) across ITR-1 through ITR-7, bringing the e-filing system into compliance with changes...
GSTN Introduces “Pending” Option for Credit Notes and ITC Reversal Declaration in Invoice Management System (IMS)
In a significant move aimed at simplifying input tax credit (ITC) management and reducing disputes between suppliers and recipients, the Goods and Services Tax Network (GSTN) has rolled out new...
MCA notifies Relaxation of Additional Fees and Time Extension for filing of Financial Statements and Annual Returns under Companies Act [Read Circular]
In a significant relief for companies navigating the revised MCA e-filing system, the Ministryof Corporate Affairs (MCA) has issued General Circular No. 06/2025, dated October 17, 2025, granting...
![MCA notifies Relaxation of Additional Fees and Time Extension for filing of Financial Statements and Annual Returns under Companies Act [Read Circular]](https://images.taxscan.in/h-upload/2025/10/18/500x300_2097677-mca-notifies-relaxation-additional-fees-extension-filing-financial-statements-annual-returns-companies-act.webp "MCA notifies Relaxation of Additional Fees and Time Extension for filing of Financial Statements and Annual Returns under Companies Act [Read Circular]")