EBITDA during CIRP: Who owns it?
The Insolvency and Bankruptcy Code (IBC) was enacted to consolidate and streamline the insolvency resolution process for corporates, partnership...
![Ministry of Finance appoints Anuradha Thakur as Alternate Governor on Board of Governors for AfDB [Read Notification]](https://images.taxscan.in/h-upload/2025/08/21/250x150_2078956-anuradha-thakur-afdb.webp "Ministry of Finance appoints Anuradha Thakur as Alternate Governor on Board of Governors for AfDB [Read Notification]")
![CBDT amends Instruction: No Prosecution Under Black Money Act where Penalty Provisions do not Apply [Read Instruction]](https://images.taxscan.in/h-upload/2025/08/21/250x150_2078955-black-money-act.webp "CBDT amends Instruction: No Prosecution Under Black Money Act where Penalty Provisions do not Apply [Read Instruction]")
![ITAT Deletes Disallowances of Public Relations, Shared Services, and Product Registration of BASF India, Citing No Change in Facts or Law [Read Order]](https://images.taxscan.in/h-upload/2025/08/21/250x150_2078887-itat-shared-services-product-basf-taxscan.webp "ITAT Deletes Disallowances of Public Relations, Shared Services, and Product Registration of BASF India, Citing No Change in Facts or Law [Read Order]")
![DGFT announces Exemption of Imports under DIA from Duties, CA Certificate Permitted in Lieu of Latest ITR [Read Notification]](https://images.taxscan.in/h-upload/2025/08/21/250x150_2078916-dgft-exemption-import-taxscan.webp "DGFT announces Exemption of Imports under DIA from Duties, CA Certificate Permitted in Lieu of Latest ITR [Read Notification]")
Category III AIFs Not Automatically Indeterminate if Investor names are Absent from Original Trust Deed: Delhi HC [Read Order]
In a recent ruling, the Delhi High Court held that Category III Alternative Investment Funds (AIFs) cannot be treated as indeterminate trusts merely because the names of investors are not mentioned...
![Category III AIFs Not Automatically Indeterminate if Investor names are Absent from Original Trust Deed: Delhi HC [Read Order]](https://images.taxscan.in/h-upload/2025/08/21/500x300_2078910-alternative-investment-funds-cbdt-circular-taxation-taxscan.webp "Category III AIFs Not Automatically Indeterminate if Investor names are Absent from Original Trust Deed: Delhi HC [Read Order]")
No Criminal History and willingness to Pay Compounding Fee: Allahabad HC Grants Bail to Accused in GST Evasion Case [Read Order]
The Allahabad High Court has granted bail to an accused in a GST evasion case, noting that the offence is compoundable, the applicant has no criminal antecedents, and has expressed willingness to...
![No Criminal History and willingness to Pay Compounding Fee: Allahabad HC Grants Bail to Accused in GST Evasion Case [Read Order]](https://images.taxscan.in/h-upload/2025/08/21/500x300_2078897-bail-to-accused-gst-evasion-case-taxscan.webp "No Criminal History and willingness to Pay Compounding Fee: Allahabad HC Grants Bail to Accused in GST Evasion Case [Read Order]")
![No concept of “provisional constitution” of CoC under IBC: NCLAT Dismisses Byjus Plea [Read Order]](https://images.taxscan.in/h-upload/2025/08/21/500x300_2078891-byjus-plea-taxscan.webp "No concept of “provisional constitution” of CoC under IBC: NCLAT Dismisses Byjus Plea [Read Order]")
CBDT Notifies Changes to Form 10CCF w.r.t. Calculation of IFSC’s Gross Income and Profit & Gains [Read Notification]
The Central Board of Direct Taxes (CBDT) has notified amendments to Form 10CCF under the Income-tax Rules, 1962, specifically on the computation of gross income and profit & gains for...
![CBDT Notifies Changes to Form 10CCF w.r.t. Calculation of IFSC’s Gross Income and Profit & Gains [Read Notification]](https://images.taxscan.in/h-upload/2025/08/21/500x300_2078875-form-10ccf.webp "CBDT Notifies Changes to Form 10CCF w.r.t. Calculation of IFSC’s Gross Income and Profit & Gains [Read Notification]")
CBIC Extends GSTR-3B Filing Due Date: New Due Date & Applicable Cities Announced [Read Notification]
The Central Board of Indirect Taxes and Customs ( CBIC ) extended the due date for filing FORM GSTR-3B for the month of July 2025. The notification No. 12/2025 Central Tax was issued on 20th August...
![CBIC Extends GSTR-3B Filing Due Date: New Due Date & Applicable Cities Announced [Read Notification]](https://images.taxscan.in/h-upload/2025/08/12/500x300_2076080-madras-high-court-gst-returns-not-filed-taxscan.webp "CBIC Extends GSTR-3B Filing Due Date: New Due Date & Applicable Cities Announced [Read Notification]")
Relief for MRF: CESTAT Rules Reimbursements of Salaries, Rent and Branch Expenses to Overseas Offices Not Taxable as Services under BAS [Read Order]
The Chennai Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) ruled that reimbursements made by MRF Ltd. to its overseas branch offices could not be treated as taxable...
![Relief for MRF: CESTAT Rules Reimbursements of Salaries, Rent and Branch Expenses to Overseas Offices Not Taxable as Services under BAS [Read Order]](https://images.taxscan.in/h-upload/2025/08/20/500x300_2078788-mrf-cestat-rules-reimbursements-salaries-rent-branch-expenses-overseas-offices-taxable-services-bas-taxscan-.webp "Relief for MRF: CESTAT Rules Reimbursements of Salaries, Rent and Branch Expenses to Overseas Offices Not Taxable as Services under BAS [Read Order]")