Tax Scan

13/12/2025

Gold Seizure by Customs: CESTAT says Dept failed to prove Seized Gold is Foreign and Smuggled, Orders Release [Read Order]

https://www.taxscan.in/top-stories/gold-seizure-by-customs-cestat-says-dept-failed-to-prove-seized-gold-is-foreign-and-smuggled-orders-release-1439917?utm_source=facebooksm&utm_medium=txn&utm_campaign=devkdec13gold

The Tribunal reiterated that in cases of town seizure, burden under Section 123 does not automatically shift unless foreign character of goods is established

13/12/2025

Excise Duty Cannot Rest on Assumptions: CESTAT Rules Clandestine Clearance Allegation Fails for Lack of Cogent Evidence [Read Order]

https://www.taxscan.in/top-stories/excise-duty-cannot-rest-on-assumptions-cestat-rules-clandestine-clearance-allegation-fails-for-lack-of-cogent-evidence-1439907?utm_source=facebooksm&utm_medium=txn&utm_campaign=devkdec13exciseduty

The Customs, Excise and Service Tax Appellate Tribunal, Kolkata (CESTAT) has held that excise duty cannot be demanded on the basis of assumptions, presumptions, or preponderance of...

13/12/2025

Duty Demand on DFIA Imports Set Aside: CESTAT Rules Extended Limitation Cannot Apply to Bona Fide Transferee [Read Order]

https://www.taxscan.in/top-stories/duty-demand-on-dfia-imports-set-aside-cestat-rules-extended-limitation-cannot-apply-to-bona-fide-transferee-1439906?utm_source=facebooksm&utm_medium=txn&utm_campaign=devkdec13dfia

The Tribunal held that duty cannot be demanded from an importer who purchased and used DFIA licences in good faith

13/12/2025

Duty Demand on DFIA Imports Set Aside: CESTAT Rules Extended Limitation Cannot Apply to Bona Fide Transferee [Read Order]

https://www.taxscan.in/top-stories/duty-demand-on-dfia-imports-set-aside-cestat-rules-extended-limitation-cannot-apply-to-bona-fide-transferee-1439906?utm_source=facebooksm&utm_medium=txn&utm_campaign=sanadec13dfia

13/12/2025

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13/12/2025

Clandestine Removal Charge Fails: CESTAT Drops ₹97.9 Lakh Excise Demand over Non-Compliance with S.9D and S. 36B [Read Order]

https://www.taxscan.in/top-stories/clandestine-removal-charge-fails-cestat-drops-979-lakh-excise-demand-over-non-compliance-with-s9d-and-s-36b-1439905?utm_source=facebooksm&utm_medium=txn&utm_campaign=sanadec13clandestine

The Tribunal held that excise duty cannot be demanded based on loose sheets, pen-drive data, and untested statements when the mandatory procedures are not followed.

13/12/2025

Insurance Company's CENVAT Credit Appeal Allowed: CESTAT Rules Services Received Before Restrictive Definition Applied [Read Order]

https://www.taxscan.in/top-stories/insurance-companys-cenvat-credit-appeal-allowed-cestat-rules-services-received-before-restrictive-definition-applied-1439904?utm_source=facebooksm&utm_medium=txn&utm_campaign=sanadec13cenvat

The Tribunal allowed Royal Sundaram Insurance’s appeal, holding that CENVAT credit couldn’t be denied on grounds absent from the SCN and that services rendered before the April 2011 amendment remained...

13/12/2025

Provision for Future Expenses Allowable under Matching Principle: ITAT Quashes Reassessment due to Lack of New Material [Read Order]

https://www.taxscan.in/top-stories/provision-for-future-expenses-allowable-under-matching-principle-itat-quashes-reassessment-due-to-lack-of-new-material-1439902?utm_source=facebooksm&utm_medium=txn&utm_campaign=sanadec13provision

ITAT Jaipur quashed the reassessment for lack of new material and upheld the provision for future expenses as valid under the matching principle.

13/12/2025

Amount was Towards Tax Arrears not Bribe’: Bombay HC Rejects State’s Plea in ‘Gramsevak’ Bribery Case [Read Order]

https://www.taxscan.in/top-stories/amount-was-towards-tax-arrears-not-bribe-bombay-hc-rejects-states-plea-in-gramsevak-bribery-case-1439901?utm_source=facebooksm&utm_medium=txn&utm_campaign=sanadec13bribe

The material showed that the complainant had outstanding tax dues and the amount accepted was towards these arrears. Therefore, the court concurred with the trial court and upheld the acquittal.

13/12/2025

ICSI Inaugurates 4th Centre for Corporate Governance, Research and Training (CCGRT) at IMT Manesar, Haryana

https://www.taxscan.in/top-stories/icsi-inaugurates-4th-centre-for-corporate-governance-research-and-training-ccgrt-at-imt-manesar-haryana-1439897?utm_source=facebooksm&utm_medium=txn&utm_campaign=sanadec13corporate

The facility is intended to support a wide spectrum of stakeholders, including students, members, regulators, and industry participants

13/12/2025

ICAI Announces Exam Schedule for CA Foundation, Intermediate & Final - May 2026 [Read Notification]

https://www.taxscan.in/top-stories/icai-announces-exam-schedule-for-ca-foundation-intermediate-final-may-2026-1439895?utm_source=facebooksm&utm_medium=txn&utm_campaign=sanadec13ca

ICAI has announced the examination schedule for CA Foundation, Intermediate, and Final courses to be held in May 2026, along with details on timings, centres, and the online application process.

13/12/2025

New Possibilities for Indian CA Firms: ICAI Liberalises Advertising Norms, Read Complete Decisions of Council Here

https://www.taxscan.in/top-stories/new-possibilities-for-indian-ca-firms-icai-liberalises-advertising-norms-read-complete-decisions-of-council-here-1439893?utm_source=facebooksm&utm_medium=txn&utm_campaign=sanadec13icai

The ICAI has released the press release of important decisions the council has taken which completely changes the outlook of CA firms.