News & Updates Latest Tax newsTax, Interest & Penalty in GST Demand cannot Exceed Amount determined by Proper Officer: Allahabad HC Quashes Order [Read Order] November 22, 2025Section 75(7) of the Central Goods and Services Tax Act, 2017 mandates that the contents of the SCN and demand order match each other NeethuSupreme Court Rules CAs' 25‑Year Practice Mandate for ITAT Appointments Invalid and Unconstitutional [Read Order] November 22, 2025The Court held the provision arbitrary, noting that it effectively restricts entry to professionals only after the age of 50, thereby excluding younger, competent candidates NeethuWrit not Maintainable when Statutory Appeal Ignored: Supreme Court in 29 Year Old Customs Case [Read Order] November 22, 2025The Supreme Court upheld the Rajasthan High Court’s refusal to entertain Rikhab Chand Jain’s writ petition after he ignored the statutory appeal against the silver confiscation order Neethu‘Income Tax Dept has not Trusted even upon its Lawyers’: Supreme Court Slams Revenue for Delay in Filing SLP [Read Order] November 22, 2025The Supreme Court to examine the validity of the ITAT’s remand directing fresh verification of the Hyderabad Cricket Association’s charitable expenditure NeethuCA Vacancy in Deloitte November 22, 2025The Deloitte invited applications for the post Senior Consultant. Experience: Qualification: Chartered Accountant with Techno Functional skill setIndustry: Financial Services onlyExperience: 5-10 Years Your work profile Experience on preparation on Standalone and consolidated financial statements under IFRS or local GAAP.Strong experience in preparing and analyzing financial statements monthly, including income statement, balance sheet, and statement […] AnusreeNCLAT Holds IBC S.9 Claim Time-Barred, Rejects Interest Addition to Cross ₹1 Cr Threshold u/s 4 [Read Order] November 22, 2025The tribunal ruled that the limitation under Article 137 of the Limitation Act applies to Section 9 applications, and the right to apply accrued from the last invoice dated 07.11.2016. It further clarified that unilateral interest claims cannot be added to inflate debt beyond the threshold unless contractually agreed. AnusreeAllahabad High Court Grants Bail after 14 Year Absence from Trial [Read Order] November 22, 2025The Court imposed strict conditions ensuring cooperation with the ongoing Customs trial. Anusree₹17.7 Crore Penalty on Customs broker Challenge Rejected: Allahabad HC Directs Broker to Avail Appeal [Read Order] November 22, 2025The Court directed that any appeal filed within two weeks be entertained on merits without objection on limitation. AnusreeAllahabad HC Permits Shifting of SEZ Goods to Bonded Warehouse Amid DRI Adjudication [Read Order] November 22, 2025The Court allowed the transfer of goods, subject to the conditions imposed by the Revenue. Team TaxscanGST Seizure for Alleged Reuse of E-Way Bill Unsustainable Without Enquiry: Allahabad HC Quashes Proceedings [Read Order] November 22, 2025The Court held that, without such enquiry, the allegation of reuse remained purely presumptive. Team Taxscan
