CACommunityIndia

Attendance Shortage Can’t Bar Law Students From Exams: Delhi HC Orders UGC Regulations Review [Read Order] https://www.taxscan.in/top-stories/attendance-shortage-cant-bar-law-students-from-exams-delhi-hc-orders-ugc-regulations-review-1436399 Delhi HC ruled that law students can’t be barred from exams for attendance shortage and directed UGC, BCI to review related rules.

Ordinary Dunnage is Revenue Expenditure: ITAT Follows Earlier Rulings to Delete ₹1.11 Cr Addition for Central Warehousing Corporation [Read Order] https://www.taxscan.in/top-stories/ordinary-dunnage-is-revenue-expenditure-itat-follows-earlier-rulings-to-delete-111-cr-addition-for-central-warehousing-corporation-1436345 The Tribunal deleted the addition of ₹1.11 crore made by the Assessing Officer (AO) and confirmed by the Commissioner of Income Tax (Appeals) [CIT(A)], observing that the issue was already settled in the assessee’s favour in earlier assessment years.

Reliance Comm. Bank Fraud: ED Seizes ₹4,462 Crore Dhirubhai Ambani Knowledge City Land https://www.taxscan.in/top-stories/reliance-comm-bank-fraud-ed-seizes-4462-crore-dhirubhai-ambani-knowledge-city-land-1436390 The ED’s probe revealed large-scale diversion and misuse of ₹40,000 crore in loans by RCom and its group companies through evergreening, fund transfers to related parties, and overseas remittances

NFRA Launches Toolkits to Improve Audit Quality and Support Small & Medium Accounting Firms [Read Memorandum] https://www.taxscan.in/top-stories/nfra-launches-toolkits-to-improve-audit-quality-and-support-small-medium-accounting-firms-1436389 NFRA has launched audit toolkits to help small and medium accounting firms enhance audit quality and adopt better risk-based audit practices.

Municipal Value Not Binding for Tax Assessment: Bombay HC Upholds AO’s Higher Fair Rent Determination u/s 23(1)(a) of IT Act [Read Order] https://www.taxscan.in/top-stories/municipal-value-not-binding-for-tax-assessment-bombay-hc-upholds-aos-higher-fair-rent-determination-us-231a-of-it-act-1436377 The Court upheld a higher fair rent valuation based on comparable instances, rejecting the assessee’s plea that the municipal value alone should govern assessment.

Absence of SCN and Personal Hearing: Delhi HC Sets Aside Customs Detention of Passenger’s Gold [Read Order] https://www.taxscan.in/top-stories/absence-of-scn-and-personal-hearing-delhi-hc-sets-aside-customs-detention-of-passengers-gold-1436376 Delhi HC quashes Customs’ detention of passenger’s gold, holding that absence of Show Cause Notice and personal hearing violates principles of natural justice.

Classification of Crompton Greaves’ Imported MC PCBs as Printed Circuits or Lamp Parts: Supreme Court to Decide [Read Judgement] https://www.taxscan.in/top-stories/classification-of-crompton-greaves-imported-mc-pcbs-as-printed-circuits-or-lamp-parts-supreme-court-to-decide-1436383 The Supreme Court is set to decide whether Crompton Greaves’ imported metal core printed circuit boards should be classified as printed circuits or as lamp parts for customs duty purposes.

Supreme Court to Decide Validity of Customs Duty Exemption Granted to Samsung for LED Display Imports [Read Judgement] https://www.taxscan.in/top-stories/supreme-court-to-decide-validity-of-customs-duty-exemption-granted-to-samsung-for-led-display-imports-1436382 The Supreme Court is set to hear the Customs Department’s appeal against a CESTAT order granting Samsung India customs duty exemption for imported LED monitor tiles

Service Tax Demand u/s 73(1) of Finance Act: Calcutta HC allows Payment in 8 Instalments, Lifts Account Attachment Subject to Conditions [Read Order] https://www.taxscan.in/top-stories/service-tax-demand-of-finance-act-calcutta-hc-allows-payment-in-instalments-lifts-account-attachment-subject-to-conditions-1436381 The court rejected revenue’s request to direct the petitioner to pay the whole amount in lump sum and not in instalment

Custody Unwarranted Once Complaint Filed: Delhi HC Grants Bail for Offence u/s 132 in ₹11.5Cr Fake ITC Case [Read Order] https://www.taxscan.in/top-stories/custody-unwarranted-once-complaint-filed-delhi-hc-grants-bail-for-fake-itc-case-1436341 Relying on precedents from the Supreme Court and its own earlier decisions, the Court emphasised that in such economic offences, where the investigation is complete and there are no extraordinary circumstances, bail should ordinarily follow.

Sale Advance Refunded Taxed as Unexplained Income: Madras HC stays Recovery for 90 Days, allows time to File Income tax Appeal [Read Order] https://www.taxscan.in/top-stories/sale-advance-refunded-taxed-as-unexplained-income-madras-hc-stays-recovery-for-90-days-allows-time-to-file-income-tax-appeal-1436374 It was further directed that recovery proceedings pursuant to the assessment order would remain stayed for this 90-day period, provided the petitioner files an application under Section 220(6) seeking stay of demand

Unsecured Loan Identity, Genuineness, and Creditworthiness Proved by Audited Financials: ITAT Upholds Deletion of Addition [Read Order] https://www.taxscan.in/top-stories/unsecured-loan-identity-genuineness-and-creditworthiness-proved-by-audited-financials-itat-upholds-deletion-of-addition-1436340 The Tribunal held that when the assessee discharged onus by providing the lender's identity, PAN, and confirmation, and substantiated creditworthiness with the lender's audited financials showing substantial turnover and profit, the addition under Section 68 was not sustainable

Gauhati HC sets aside GST Order Passed without Issuing Proper SCN with DRC-01 u/s 73(1) [Read Order] https://www.taxscan.in/top-stories/gauhati-hc-sets-aside-gst-order-passed-without-issuing-proper-scn-with-drc-u-s-1436372 The Court held that mere issuance of a DRC-01 summary without an accompanying detailed SCN is insufficient to initiate proceedings under Section 73.

Commission to Foreign Agents for Overseas Services Not Taxable in India: ITAT Rules TDS Not Applicable [Read Order] https://www.taxscan.in/top-stories/commission-to-foreign-agents-for-overseas-services-not-taxable-in-india-itat-rules-tds-not-applicable-1436339 The Bench observed that the agents had no permanent establishment in India and the income arose from activities performed abroad

MSME Lifeline – New Credit Scheme to Counter 50% US Tariffs https://thetaxtalk.com/2025/11/msme-lifeline-new-credit-scheme-to-counter-50-us-tariffs/ MSME Lifeline – New Credit Scheme to Counter 50% US Tariffs   The Ministry of Finance is in the final stages of rolling out a dedicated credit support scheme aimed at helping Micro, Small, and Medium Enterprises (MSMEs) combat the debilitating impact of the steep, up to 50%, US tariffs. Sources indicate that the new... The post MSME Lifeline – New Credit Scheme to Counter 50% US Tariffs (https://thetaxtalk.com/2025/11/msme-lifeline-new-credit-scheme-to-counter-50-us-tariffs/) appeared first on The Tax Talk (https://thetaxtalk.com/).

Penalty u/s 271(1)(b) on Dead Person Invalid – ITAT Rajkot Cites Fundamental Illegality https://taxguru.in/income-tax/penalty-u-s-271-1-b-dead-person-invalid-itat-rajkot-cites-fundamental-illegality.html ITAT Rajkot deletes a ₹70,000 penalty under Section 271(1)(b) because the notices and order were issued to a deceased individual. The Tribunal held that proceedings initiated against a dead person are void ab initio, emphasizing that legal heirs must be brought on record first. The post Penalty u/s 271(1)(b) on Dead Person Invalid – ITAT Rajkot Cites Fundamental Illegality (https://taxguru.in/income-tax/penalty-u-s-271-1-b-dead-person-invalid-itat-rajkot-cites-fundamental-illegality.html) appeared first on TaxGuru (https://taxguru.in/).

Valid TRC Enough for DTAA Benefits; Mere Shell Company Allegation Can’t Override Treaty Protection https://taxguru.in/income-tax/valid-trc-dtaa-benefits-mere-shell-company-allegation-cant-override-treaty-protection.html ITAT Delhi ruled that a valid Tax Residency Certificate (TRC) issued by Mauritius is sufficient proof of residency to claim benefits under the India-Mauritius DTAA. The Tribunal rejected the Revenue's attempt to deny treaty protection based on vague allegations of the assessee being a paper/shell company. The post Valid TRC Enough for DTAA Benefits; Mere Shell Company Allegation Can’t Override Treaty Protection (https://taxguru.in/income-tax/valid-trc-dtaa-benefits-mere-shell-company-allegation-cant-override-treaty-protection.html) appeared first on TaxGuru (https://taxguru.in/).

ITAT Hyderabad Quashes Copy-Paste Order of CIT(A) – Case Remanded for Fresh Hearing https://taxguru.in/income-tax/itat-hyderabad-quashes-copy-paste-order-cit-a-case-remanded-fresh-hearing.html The ITAT Hyderabad set aside the CIT(A)'s appellate order after finding it contained extensive facts and discussions unrelated to the assessee's case, signaling non-application of mind. The matter was remanded for a fresh, speaking order after properly appreciating the factual matrix. The post ITAT Hyderabad Quashes Copy-Paste Order of CIT(A) – Case Remanded for Fresh Hearing (https://taxguru.in/income-tax/itat-hyderabad-quashes-copy-paste-order-cit-a-case-remanded-fresh-hearing.html) appeared first on TaxGuru (https://taxguru.in/).

ITR Can’t Whitewash Crime Proceeds – Tribunal Upholds ED Attachment https://taxguru.in/rbi/itr-cant-whitewash-crime-proceeds-tribunal-upholds-ed-attachment.html The Tribunal upheld the ED's attachment of ₹4.04 crore worth of properties acquired through extortion and land grabbing. The ruling confirms that merely filing Income Tax Returns (ITRs) is insufficient to establish a lawful income source when no supporting business evidence or financial trail exists for the claimed income. The post ITR Can’t Whitewash Crime Proceeds – Tribunal Upholds ED Attachment (https://taxguru.in/rbi/itr-cant-whitewash-crime-proceeds-tribunal-upholds-ed-attachment.html) appeared first on TaxGuru (https://taxguru.in/).

Satyam Case: PMLA Attachment Valid Even for Uncharged Persons – Tribunal Upholds ED Action https://taxguru.in/rbi/satyam-case-pmla-attachment-valid-uncharged-persons-tribunal-upholds-ed-action.html  An Appellate Tribunal upheld the ED's provisional attachment of properties in a major fraud case. The ruling confirmed that the 2009 amendment to Section 5(1) of PMLA permits property attachment even if the owners are not formally charged, provided attachment is necessary to prevent asset concealment. The post Satyam Case: PMLA Attachment Valid Even for Uncharged Persons – Tribunal Upholds ED Action (https://taxguru.in/rbi/satyam-case-pmla-attachment-valid-uncharged-persons-tribunal-upholds-ed-action.html) appeared first on TaxGuru (https://taxguru.in/).