News & Updates Latest Tax newsAddition on Bogus Purchases and Labour‑Charge Disallowance Sustained Where Transactions Found Unverified: ITAT Rejected Evidence Under Rule 46A [Read Order] June 1, 2026ITAT partly allowed the appeal for statistical purposes, remanding issues of ₹11.14 crore bogus purchases and ₹16.76 lakh labour‑charge disallowance for fresh verification. AnusreeNo Section 78 Penalty When Service Tax & Interest Paid Before SCN u/s 73(3): CESTAT [Read Order] June 1, 2026CESTAT ruled that penalty under Section 78 cannot be imposed when service tax and interest are paid before issuance of SCN under Section 73(3) Team TaxscanWall Rent Includible in Taxable Value for Advertising Services; Value of Printed Flexes Exempt: CESTAT [Read Order] June 1, 2026Tribunal held that the value of printed flexes supplied by a related entity is exempt from service tax if VAT has been discharged on the goods, applying the exemption under Notification No. 12/2003-ST Team TaxscanThe Importance of International Taxation: Navigating India’s Income Tax Act, 2025 June 1, 2026The Income Tax Act 2025 lays out clear rules for taxing income earned across countries. It helps make sure taxes are paid fairly on money linked to India and that global reporting and compliance standards are followed Team Taxscan
