![FinMin Revises Customs Tariff Values for Gold and Silver Imports [Read Notification]](https://images.taxscan.in/h-upload/2026/01/14/500x300_2119576-finmin-revises-customs-tariff-values-gold-silver-imports-taxscan.webp "FinMin Revises Customs Tariff Values for Gold and Silver Imports [Read Notification]")
FinMin Revises Customs Tariff Values for Gold and Silver Imports [Read Notification]
The Ministry of Finance, through the Central Board of Indirect Taxesand Customs (CBIC), has issued Notification No. 01/2026-Customs (N.T.) dated 13 ...
![Income Tax Reassessment against Company after Liquidation is Invalid: Madras HC [Read Order]](https://images.taxscan.in/h-upload/2026/01/14/250x150_2119565-income-tax-reassessment-against-company.webp "Income Tax Reassessment against Company after Liquidation is Invalid: Madras HC [Read Order]")
![Delay in Filing Form 10 due to Technical Issue Cannot Deny Benefit to Trust: Madras HC condones 530-Day Delay [Read Order]](https://images.taxscan.in/h-upload/2026/01/14/250x150_2119567-delay-filing-form-10-due-technical-issue-cannot-deny-benefit-to-trust-madras-hc-condones-530-day-delay-taxscan.webp "Delay in Filing Form 10 due to Technical Issue Cannot Deny Benefit to Trust: Madras HC condones 530-Day Delay [Read Order]")
![AO Must Give Reasons While Rejecting Immunity Plea u/s 270AA of Income Tax: Calcutta HC Sets Aside Order [Read Order]](https://images.taxscan.in/h-upload/2026/01/14/250x150_2119543-calcut2.webp "AO Must Give Reasons While Rejecting Immunity Plea u/s 270AA of Income Tax: Calcutta HC Sets Aside Order [Read Order]")
![Failure to Apply Clause 3(d) of RBIs Master Circular: Calcutta HC Sets Aside Wilful Defaulter Tag by SBI on Non‑Executive Director [Read Order]](https://images.taxscan.in/h-upload/2026/01/14/250x150_2119458-calcutta-high-court-wilful-defaulter-case-taxscan.webp "Failure to Apply Clause 3(d) of RBIs Master Circular: Calcutta HC Sets Aside Wilful Defaulter Tag by SBI on Non‑Executive Director [Read Order]")
Contempt Jurisdiction Vests with NCLT u/s 425 of Companies Act, Not High Court: Bombay HC Dismisses Petition Against Satara Sahakari Bank [Read Order]
The Bombay High Court has ruled that contempt jurisdiction exclusively vests with the National Company Law Tribunal (NCLT) and not High Court in a matter of contempt petition against Satara Shakari...
![Contempt Jurisdiction Vests with NCLT u/s 425 of Companies Act, Not High Court: Bombay HC Dismisses Petition Against Satara Sahakari Bank [Read Order]](https://images.taxscan.in/h-upload/2026/01/14/500x300_2119464-contempt-jurisdiction-vests-with-nclt-us-425-of-companies-act-not-high-court-bombay-hc-dismisses-petition-against-satara-sahakari-bank-taxscan.webp "Contempt Jurisdiction Vests with NCLT u/s 425 of Companies Act, Not High Court: Bombay HC Dismisses Petition Against Satara Sahakari Bank [Read Order]")
Restricting NCLT’s Contempt Powers Would Reduce IBC to a "Paper Tiger": Bombay HC Holds Contempt Plea Not Maintainable [Read Order]
The BombayHigh Court held a conempt plea not maintainable before it and said that restricting NCLT’s contempt powers would reduce IBC to a "Paper Tiger". The petitioner, S.G. Mittal...
![Restricting NCLT’s Contempt Powers Would Reduce IBC to a Paper Tiger: Bombay HC Holds Contempt Plea Not Maintainable [Read Order]](https://images.taxscan.in/h-upload/2026/01/14/500x300_2119471-bombay-hc-holds-contempt-plea-not-maintainable-taxscan.webp "Restricting NCLT’s Contempt Powers Would Reduce IBC to a Paper Tiger: Bombay HC Holds Contempt Plea Not Maintainable [Read Order]")
GST S. 74A applies from FY 2024-25’: Madras HC directs to Treat wrongly Issued S. 73 Order as Notice to S. 74A [Read Order]
The Madurai bench of Madras High Court said that proceedings against short payment of tax or tax not paid on the intention of fraud shall be initiated under Section 74A from Financial Year 2024-25....
![GST S. 74A applies from FY 2024-25’: Madras HC directs to Treat wrongly Issued S. 73 Order as Notice to S. 74A [Read Order]](https://images.taxscan.in/h-upload/2026/01/14/500x300_2119489-gst-s-74a-applies-fy-2024-25-madras-hc-directs-treat-wrongly-issued-s-73-order-notice-s-74a-taxscan.webp "GST S. 74A applies from FY 2024-25’: Madras HC directs to Treat wrongly Issued S. 73 Order as Notice to S. 74A [Read Order]")
No CVD Liability on Pre-2012 Imported Vessels Converted to Coastal Run Later: Madras HC quashes Demand [Read Order]
The Madras High Court quashed countervailing duty (CVD) on two imported vessels later which later converted to coastal run after that date holding that the demand cannot be raised under customs...
![No CVD Liability on Pre-2012 Imported Vessels Converted to Coastal Run Later: Madras HC quashes Demand [Read Order]](https://images.taxscan.in/h-upload/2026/01/14/500x300_2119470-no-cvd-liability-pre-2012-imported-vessels-converted-coastal-run.webp "No CVD Liability on Pre-2012 Imported Vessels Converted to Coastal Run Later: Madras HC quashes Demand [Read Order]")
Asset Holding Pattern Decides Taxability of Land Sale Profit as Capital Gain or Business Income: Madras HC [Read Order]
The Madras High Court has held that the nature of profit earned from sale of land whether taxable as “Capital Gains” or “Business Income”, depends on the assessee’s asset holding pattern,...
![Asset Holding Pattern Decides Taxability of Land Sale Profit as Capital Gain or Business Income: Madras HC [Read Order]](https://images.taxscan.in/h-upload/2026/01/14/500x300_2119483-land-sale-profit-taxscan.webp "Asset Holding Pattern Decides Taxability of Land Sale Profit as Capital Gain or Business Income: Madras HC [Read Order]")
Ruling in Ashish Agarwal Case applies Only to Defective Income Tax Notices, Not to Reopening Closed Assessment: Supreme Court [Read Order]
The Supreme Court held that the ruling in Union of India v. Ashish Agarwal applies only to defective reassessment notices issued under the Income Tax Act, 1961, and does not authorise the reopening...
![Ruling in Ashish Agarwal Case applies Only to Defective Income Tax Notices, Not to Reopening Closed Assessment: Supreme Court [Read Order]](https://images.taxscan.in/h-upload/2026/01/14/500x300_2119466-income-tax-notice-ashish-agarwal-case-defective-income-tax-notices-ruling-in-ashish-agarwal-case-defective-notice-supreme-court-income-tax-ruling-taxscan.webp "Ruling in Ashish Agarwal Case applies Only to Defective Income Tax Notices, Not to Reopening Closed Assessment: Supreme Court [Read Order]")
Import Declared as Grey Fabric Found to Be Corduroy: Madras HC Upholds Confiscation and Penalties under Customs Act, But Relieves Non‑Importing Entity [Read Order]
The Madras High Court, in a case where the import was declared as grey fabric but found to be corduroy, upheld the confiscation and penalties imposed on the parties under the Customs Act by the...
![Import Declared as Grey Fabric Found to Be Corduroy: Madras HC Upholds Confiscation and Penalties under Customs Act, But Relieves Non‑Importing Entity [Read Order]](https://images.taxscan.in/h-upload/2026/01/14/500x300_2119460-import-declared-grey-fabric-found-t-corduroy-madras-hc-upholds-confiscation-penalties-under-customs-act-but-relieves-non-importing-entity-taxscan.webp "Import Declared as Grey Fabric Found to Be Corduroy: Madras HC Upholds Confiscation and Penalties under Customs Act, But Relieves Non‑Importing Entity [Read Order]")