![Post-Commissioning Receipt of Capital Goods Does Not Bar CENVAT Credit absent Proof of Exclusive Civil Use: CESTAT [Read Order]](https://images.taxscan.in/h-upload/2026/01/08/500x300_2117711-post-commissioning-receipt-capital-goods-bar-cenvat-credit-absent-proof-exclusive-civil-use-cestat-taxscan.webp "Post-Commissioning Receipt of Capital Goods Does Not Bar CENVAT Credit absent Proof of Exclusive Civil Use: CESTAT [Read Order]")
Post-Commissioning Receipt of Capital Goods Does Not Bar CENVAT Credit absent Proof of Exclusive Civil Use: CESTAT [Read Order]
The Allahabad Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) ruled that post-commissioning receipt of capital goods does...
![VAT ITC availed is Only Provisional until Dealer Produces Proof for ‘Transaction of Sale’: Madras HC directs Dealer to Submit Proof [Read Order]](https://images.taxscan.in/h-upload/2026/01/08/250x150_2117698-vatitc-madras-high-court-taxscan.jfif "VAT ITC availed is Only Provisional until Dealer Produces Proof for ‘Transaction of Sale’: Madras HC directs Dealer to Submit Proof [Read Order]")
![Purchases cannot be Disallowed Merely on Employee Statements without Evidence: ITAT Deletes 12.5% Ad-Hoc Disallowance [Read Order]](https://images.taxscan.in/h-upload/2026/01/08/250x150_2117677-purchases-disallowance-itat-taxscan.webp "Purchases cannot be Disallowed Merely on Employee Statements without Evidence: ITAT Deletes 12.5% Ad-Hoc Disallowance [Read Order]")
![Notional Interest cannot be Taxed on Funds Provided to Subsidiary when no Interest Paid: ITAT Dismisses Appeal against Shoppers Stop [Read Order]](https://images.taxscan.in/h-upload/2026/01/08/250x150_2117675-notional-interest-cannot-taxed-funds-provided-subsidiary-when-interest.webp "Notional Interest cannot be Taxed on Funds Provided to Subsidiary when no Interest Paid: ITAT Dismisses Appeal against Shoppers Stop [Read Order]")
![CSR Funds Received With Specific Donor Conditions Not Automatically Taxable Income: ITAT Remands JM Financial Foundation Case [Read Order]](https://images.taxscan.in/h-upload/2026/01/08/250x150_2117680-csr-funds-received-with-specific-donor-conditions-not-automatically-taxable-income-itat-remands-jm-financial-foundation-case-taxscan-.webp "CSR Funds Received With Specific Donor Conditions Not Automatically Taxable Income: ITAT Remands JM Financial Foundation Case [Read Order]")
![Annual Tax and Corporate Law Digest 2025: High Court Cases [Part XLVI ]](https://images.taxscan.in/h-upload/2026/01/07/500x300_2117545-annual-tax-and-corporate-law-digest-2025-high-court-cases-part-xlvi-taxscan.webp "Annual Tax and Corporate Law Digest 2025: High Court Cases [Part XLVI ]")
![Annual Tax and Corporate Law Digest 2025: High Court Cases [Part XLV ]](https://images.taxscan.in/h-upload/2026/01/06/500x300_2117385-high-court-part-xlv-taxscan.webp "Annual Tax and Corporate Law Digest 2025: High Court Cases [Part XLV ]")
PCIT Cannot Invoke Revisionary Powers u/s 263 where AO took a Plausible View after Due Enquiry: ITAT favours City Union Bank [Read Order]
The Chennai Bench of the Income Tax Appellate Tribunal ( ITAT ) has held that revisionary powers under Section 263 of theIncome Tax Act, 1961 cannot be exercised merely because the Principal ...
![PCIT Cannot Invoke Revisionary Powers u/s 263 where AO took a Plausible View after Due Enquiry: ITAT favours City Union Bank [Read Order]](https://images.taxscan.in/h-upload/2026/01/07/500x300_2117507-itat-favours-city-union-bank-taxscan.webp "PCIT Cannot Invoke Revisionary Powers u/s 263 where AO took a Plausible View after Due Enquiry: ITAT favours City Union Bank [Read Order]")
Failure to Implement Resolution Plan: NCLT Dismisses SRA’s Plea to Treat ₹350 Crore as CIRP Cost in Jet Airways Liquidation [Read Order]
The Mumbai bench of the National Company Law Tribunal (NCLT) has dismissed the special resolution applicant's (SRA) plea to treat Rs 350 cr as the Corporate Insolvency Resolution Process (CIRP)...
![Failure to Implement Resolution Plan: NCLT Dismisses SRA’s Plea to Treat ₹350 Crore as CIRP Cost in Jet Airways Liquidation [Read Order]](https://images.taxscan.in/h-upload/2026/01/07/500x300_2117556-failure-to-implement-resolution-plan-taxscan.jfif "Failure to Implement Resolution Plan: NCLT Dismisses SRA’s Plea to Treat ₹350 Crore as CIRP Cost in Jet Airways Liquidation [Read Order]")
NCLAT Dismisses Share Transfer Appeal as Time-Barred, Rules Section 14 Benefit Not Applicable after Failed Civil Suit [Read Order]
The Chennai Bench of National Company Law Appellate Tribunal (NCLAT) dismissed the shareholder’s appeal on wrongful transfer of 500 shares as barred by limitation and held that time spent in a...
![NCLAT Dismisses Share Transfer Appeal as Time-Barred, Rules Section 14 Benefit Not Applicable after Failed Civil Suit [Read Order]](https://images.taxscan.in/h-upload/2026/01/07/500x300_2117548-nclat-dismisses-share-transfer-appeal-time-barred-rules.webp "NCLAT Dismisses Share Transfer Appeal as Time-Barred, Rules Section 14 Benefit Not Applicable after Failed Civil Suit [Read Order]")
Land kept as Security can be Auctioned for Loan Default after giving 30 Days Time to clear Dues u/r 9(1) SARFAESI: J&K HC [Read Order]
The High Court ofJammu & Kashmir and Ladakh recently ruled that lender banks can auction off land mortgaged as security for a loan under the provisions of the Securitisation and Reconstruction...
![Land kept as Security can be Auctioned for Loan Default after giving 30 Days Time to clear Dues u/r 9(1) SARFAESI: J&K HC [Read Order]](https://images.taxscan.in/h-upload/2026/01/07/500x300_2117508-land-kept-security-can-auctioned-loan-default-after-giving-30-days-time-clear-dues-ur-91-sarfaesi-jk-hc-taxscan.webp "Land kept as Security can be Auctioned for Loan Default after giving 30 Days Time to clear Dues u/r 9(1) SARFAESI: J&K HC [Read Order]")