Tax Scan

11/01/2026

Income Tax Reassessment Passed in Violation of Calcutta HC Stay: SC dismisses SLP refusing to Condone 730-day Delay [Read Judgement]

The Supreme Court refused to condone a 730-day delay in the Income Tax Department’s appeal and dismissed the petition with Rs. 50,000 costs.

11/01/2026

ITAT Weekly Round-up

A Round-up of the Income Tax Appellate Tribunal (ITAT) Cases Reported at Taxscan Last Week.

11/01/2026

License Condition "Subject to Notification" Not a Mandatory Payment Clause: CESTAT Quashes Customs Duty Demand on Gold Dore Bars [Read Order]

The Tribunal held that a DGFT licence stating imports are “subject to” a notification does not bar availing other valid exemptions, and importers may claim simultaneous benefits absent an express...

11/01/2026

Home Loan used Entirely for Business: ITAT orders Fresh Adjudication on Interest Expense Disallowance after Additional Evidence [Read Order]

Tribunal allows appeal for additional evidence received at a later date than the last order. Issue based on utility of ‘home loan’ for commercial construction.

11/01/2026

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11/01/2026

RBI Notifies New FEMA Regulations for Cross-Border Guarantees, Makes Quarterly Reporting Mandatory [Read Notification]

RBI has notified new FEMA rules for cross-border guarantees, making quarterly reporting mandatory and introducing penalties for delayed disclosures.

11/01/2026

Manufacturing Entity Fails to Qualify 75% Trading Turnover Filter: ITAT Orders Deletion of Comparable [Read Order]

ITAT removes comparable companies as it does not comply in the same category as the assessee. Adjustments cannot be made based on improper comparables.

11/01/2026

₹55 Crore Service Tax Evasion a ‘Serious Economic Offence’: Punjab & Haryana HC Denies Bail to Director [Read Order]

The Punjab & Haryana High Court refused to grant bail to an accused holding that the alleged ₹55 crore service tax evasion forms a serious economic offence affecting the economy of the country. ...

11/01/2026

Centre Announces New Interest Rate on Special Deposit Scheme for Non-Govt Provident, Superannuation and Gratuity Funds [Read Notification]

The Centre has notified an interest rate of 7.1 per cent on deposits under the Special Deposit Scheme for the January-March 2026 quarter.

11/01/2026

Service Charges Cannot Be Added to Bill or Taxed with GST: CCPA Declares Mandatory Levy Illegal

As per the guidelines issued by CCPA on 4th July 2022, no hotel or restaurant shall add service charge automatically or by default in the food bill. The same has been upheld by the Delhi High Court.

11/01/2026

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11/01/2026

Relief to Thermo Fisher in Transfer Pricing Dispute: ITAT Partly Allows Appeal on Royalty ALP, Benchmarking, Comparables, Aggregation and Working Capital Adjustments [Read Order]

The Bench examined all grounds raised in appeal and directed consequential relief to assessee