Custodian, Steamer Agent and Employees Liable for Illegal Removal of Seized Goods: CESTAT Confirms Penalties under Customs Act

The Customs, Excise and Service Tax AppellateTribunal ( CESTAT ) Bench at Chennai has upheld the penalties imposed on appellant, holding that they had knowingly abetted the illegal clearance of confiscated goods…

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Service Tax Payable on Complimentary Room Nights and Food Discounts Given by Hotel – Lessee to Lessor of Building: CESTAT [Read Order]

The Customs, Excise, and Service Tax Appellate Tribunal ( CESTAT ), New Delhi bench, has upheld a service tax demand, finding that complimentary room nights and food discounts provided by a hotel…

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Is Excessive Share Premium a Capital Receipt or Income? Supreme Court to determine Taxability of ₹679 Cr [Read Order]

The Supreme Court of India recently admitted an appeal filed by the Income Tax Department, challenging a Bombay High Court ruling that held excessive share premium receipts were ‘capital’ in…

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Mere Ownership of Agricultural Land Insufficient to Prove Agri Income: ITAT Upholds 50% Addition as Unexplained u/s 68 [Read Order]

The Chennai Bench of Income Tax Appellate Tribunal (ITAT) dismissed the appeals for Assessment Years (AY) 2018-19 and 2019-20, upholding the addition of 50% of the agricultural income as unexplained…

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Petrol Pump Operator’s Cash Deposits Fully Explained in Books: ITAT Deletes ₹14.10 Lakh Unexplained Income Addition [Read Order]

The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) decided the appeal concerning the addition of Rs. 14.10 lakh as unexplained cash deposits under Section 69A of the Income TaxAct, 1961 as…

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Promotional Expenses for Dealer Scheme Recognised as Liquor Business Expenditure: ITAT Deletes ₹16.22 Lakh Addition [Read Order]

The Nagpur bench of Income Tax Appellate Tribunal (ITAT) has allowed the appeal of the assessee for A.Y. 2014–15, holding that ₹16.22 lakh claimed as promotional expenses under a dealer scheme were…

Continue ReadingPromotional Expenses for Dealer Scheme Recognised as Liquor Business Expenditure: ITAT Deletes ₹16.22 Lakh Addition [Read Order]

BCI Notifies Rules for Foreign-National Advocates to Enrol and Practice Law in India [Read Notification]

The Bar Council of India (BCI) has notified the Bar Council of India Rules on Enrolment and Practice of Foreign Nationals, 2025, establishing a comprehensive regulatory framework governing how foreign nationals may…

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Notebook Suppliers not Providing Goods at Zero-GST Rate: Manufacturers flag Cost Escalation & Import Surge

Notebook manufacturers across India have expressed concerns over growing production costs following the recent changes effectuated to the Goods and Services Tax (GST) rates changes that placed notebooks and exercise books under…

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‘Bail is a Rule, Bail Rejection is an Exception’: Allahabad HC Grants Bail in ₹185 Crore GST ITC Case [Read Order]

“Bail is a rule and bail rejection is an exception”, said the Allahabad High Court while granting bail to an accused in a ₹185 crore fake Input Tax Credit ( ITC ) case…

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