My Professional Blog

Penalty Under Section 271B Not Leviable Where Reasonable Cause Exists for Delay in Audit Report Filing: ITAT Chennai in Shark Dyeing Mills v. ITO

14 Jan 2026 | 31 Views

MLI Cannot Override India–Ireland DTAA Without Section 90 Notification: ITAT Mumbai on Aircraft Lease Rentals – Sky High Appeal XLIII Leasing Co. Ltd. Case

14 Jan 2026 | 9 Views

Non-Compete Fee Is Capital Expenditure but Eligible for Depreciation as Intangible Asset: Supreme Court Settles Law – Sharp Business System v. CIT

14 Jan 2026 | 10 Views

Addition Under Section 68 Requires Proper Opportunity and Consideration of Evidence; Matter Remanded on Admission of Additional Evidence: ITAT Chennai in IRIS Realty LLP v. DCIT

14 Jan 2026 | 9 Views

Gift of Immovable Property from Step Sister Not Taxable under Section 56(2)(vii): ITAT Mumbai – Rabin Arup Mukerjea v. ITO (Intl. Tax)

14 Jan 2026 | 9 Views

Penny Stock LTCG Allegations under Section 10(38): ITAT Mumbai Upholds Deletion of Addition in Santosh Vimlesh Mehta Case, (DCIT(CC)-8(3) , MUMBAI VS. SANTOSH VIMLESH MEHTA, MUMBAI)

14 Jan 2026 | 8 Views

Vintage Car Not a ‘Personal Effect’ Without Proof of Personal Use: Bombay High Court Upholds Capital Gains Tax – Narendra I. Bhuva v. ACIT

14 Jan 2026 | 9 Views

Fraudulently Encashed Income-Tax Refunds Taxable as Income from Other Sources: ITAT Ahmedabad – Mukesh Rasiklal Shah v. ACIT

14 Jan 2026 | 8 Views

Reassessment Invalid Where No Addition Is Made on Recorded Reasons and Only Section 54F Exemption Is Denied: ITAT Mumbai in Devi Manubhai Shah v. ITO

14 Jan 2026 | 10 Views

CIT(A) Cannot Direct Reassessment under Section 147 After Quashing Section 153A Assessment: ITAT Delhi in Best Bull Stock Trading Pvt. Ltd. v. ACIT

14 Jan 2026 | 9 Views

Taxability of Crowdfunded Donations under Section 56(2)(x) and Validity of Proceedings under Section 175 – Rana Ayyub Shaikh v. DCIT (ITAT Mumbai)

14 Jan 2026 | 6 Views

Income Declared Under Income Disclosure Scheme, 2016 Cannot Be Taxed Again – ITAT Mumbai in Jankalyan Nagari Sahakari Patsanstha Case, JANKALYAN NAGARI SAHAKARI PATSANSTHA MAR SHAHAPUR,SHAHAPUR VS. DCIT CIRCLE 1, KALYAN

14 Jan 2026 | 4 Views

Power of Attorney and Agreement to Sell Do Not Convey Title or Survive Death of Principal: Supreme Court Reaffirms Law – M. S. Ananthamurthy v. J. Manjula

14 Jan 2026 | 4 Views

Reduction of Share Capital Results in Transfer under Section 2(47): Supreme Court Upholds Capital Loss – Jupiter Capital (P.) Ltd. v. PCIT

14 Jan 2026 | 7 Views

Reassessment Not Invalid Where Original Escapement Issue Is Voluntarily Offered; Other Issues Can Be Examined: ITAT Mumbai in Kalpana Nitin Shah v. ITO

14 Jan 2026 | 4 Views

Section 87A Rebate on STCG under New Tax Regime: ITAT Allows Rebate under Section 115BAC(1A) – Jayshreeben Jayantibhai Palsana v. ITO

14 Jan 2026 | 3 Views

Change in Method of Revenue Recognition under AS-7 – Mere Timing Difference Not Taxable: ITAT Delhi in Halcrow Group Ltd v. DCIT

14 Jan 2026 | 4 Views

Section 54F Exemption Cannot Be Denied on Technical Grounds: ITAT Hyderabad Upholds Liberal Interpretation – ITO v. Narasimha Reddy Duthala

14 Jan 2026 | 3 Views

Cancellation of Section 12A Registration Without Proper Show Cause is Invalid – ITAT Mumbai in NICMAR vs DCIT (Exemptions)

14 Jan 2026 | 3 Views

Hotel Premises Constitute Fixed Place Permanent Establishment under Indo–UAE DTAA: Supreme Court Upholds Taxability – Hyatt International Southwest Asia Ltd. v. ADIT

14 Jan 2026 | 5 Views

Reassessment Quashed for Mechanical Approval under Section 148: ITAT Delhi in Singhal Fasteners Co. Pvt. Ltd. v. ITO (AY 2006-07)

14 Jan 2026 | 4 Views

Interest on Borrowed Funds Allowable Despite Interest-Free Advances to Farmers: Business Expediency Explained – Girraj Cold Storage (P.) Ltd. v. ITO

14 Jan 2026 | 4 Views

CIT(A) Cannot Dismiss Appeal for Non-Prosecution and Must Decide on Merits: ITAT Mumbai in Sangeeta Motilal Shahani v. ITO

14 Jan 2026 | 5 Views

Taxation of Category III AIF Trusts under Section 164: Delhi High Court Ruling in Equity Intelligence AIF Trust v. CBDT

14 Jan 2026 | 4 Views

Conversion of Partnership Firm into Proprietorship and Alleged Capital Gains under Section 45(4): ITAT Delhi Remands Matter in ITO vs. Mahabir Solvent Oil Mills

14 Jan 2026 | 3 Views

Addition under Section 69 for Property Investment by NRI: ITAT Mumbai Remands Matter for Limited Verification, SHRI DEEPAK DEVIDAS SAJNANI,UAE VS. THE INCOME TAX OFFICER INT. TAX WARD 4(2)(1), MUMBAI

14 Jan 2026 | 4 Views

Capital Gains on Sale of Equity-Oriented Mutual Fund Units Not Taxable in India under India–Mauritius DTAA: ITAT Delhi – Emerging India Focus Funds v. ACIT

14 Jan 2026 | 3 Views

Draft Assessment Order on Non-Existent Entity under Section 144C Invalid: ITAT Mumbai in Vodafone Mobile Services Ltd., VODAFONE MOBILE SERVICES LTD.,AHMEDABAD VS. DCIT, NEW DELHI

14 Jan 2026 | 4 Views

Section 44C Covers Even Exclusive Head Office Expenditure: Supreme Court Overrules ‘Exclusive vs Common’ Distinction – DIT v. American Express Bank Ltd. (2025)

14 Jan 2026 | 3 Views

Gift from Brother-in-Law through Banking Channels Not Taxable under Section 56(2)(x): ITAT Kolkata – Deb Prasanna Choudhury v. ADIT/DCIT

14 Jan 2026 | 3 Views

TCS under Section 206C(1C) Not Applicable on Compounding Fee for Illegal Mining: Chhattisgarh High Court – Collector Mining, Kanker v. DCIT (TDS)

14 Jan 2026 | 3 Views

Section 56(2)(x) on Purchase of Agricultural Land: Mandatory DVO Reference Where Stamp Value is Disputed – Clayking Minerals LLP v. ITO (ITAT Ahmedabad)

14 Jan 2026 | 2 Views

Supreme Court Stays Delhi High Court Ruling on Validity of AAR Order: Notice Issued in AAR v. Tiger Global International II Holdings

14 Jan 2026 | 3 Views

Scope of Income-tax Department’s Appellate Powers: Kerala High Court Dismisses Revenue Writ Appeal – ACIT v. Mohammed Salih (2025)

14 Jan 2026 | 2 Views

Surcharge on Private Discretionary Trusts Taxed at MMR to Follow Slab Rates: ITAT Applies Special Bench Ruling – Araadhya Jain Trust v. ITO

14 Jan 2026 | 4 Views

Section 54F Deduction for Private Trusts Assessed as Representative Assessees: ITAT Delhi Affirms Relief – ACIT v. Merilina Foundation

14 Jan 2026 | 3 Views

Penalty under Section 271(1)(c) Not Leviable on Estimated Additions: ITAT Mumbai Dismisses Revenue Appeal – ITO v. Spark Diamonds

14 Jan 2026 | 4 Views

Reduction of Share Capital Constitutes ‘Transfer’ Under Section 2(47): Supreme Court Reaffirms Capital Loss Allowability in PCIT v. Jupiter Capital Pvt. Ltd. (2025)

14 Jan 2026 | 12 Views

Offence under Section 276CC of Income Tax Act: Supreme Court Clarifies “First Offence” and Compounding Guidelines

14 Jan 2026 | 4 Views

Section 80-IA(9) and Multiple Deductions under Chapter VI-A: Supreme Court Clarifies Allowability vs Computation in Shital Fibers Ltd. Case

14 Jan 2026 | 4 Views

Section 80-IA Deduction on Captive Power Generation: Supreme Court on Market Value of Electricity – CIT v. Jindal Steel & Power Ltd. (2023)

14 Jan 2026 | 5 Views

Loss on Confiscation of Smuggled Silver Not Allowable as Business Loss Where Assessee Is Not in Smuggling Business: Supreme Court in CIT v. Prakash Chand Lunia

14 Jan 2026 | 7 Views

Commissioner Can Invoke Section 263 Where Allowance of “Cost of Improvement” Is Erroneous and Prejudicial to Revenue: Supreme Court in CIT v. Paville Projects Pvt. Ltd.

14 Jan 2026 | 7 Views

Amended Section 153C Applies to Pre-2015 Searches Where Satisfaction and Notice Are Issued Post-Amendment: Supreme Court in ITO v. Vikram Sujitkumar Bhatia

14 Jan 2026 | 6 Views

Control and Management Test Determines Tax Residency of Sikkim-Incorporated Companies Prior to Extension of Income Tax Act: Supreme Court in Mansarovar Commercial Pvt. Ltd. v. CIT

14 Jan 2026 | 7 Views

No Addition in Completed Assessments Without Incriminating Material in Search Cases Under Section 153A: Supreme Court in Principal Commissioner of Income Tax, Central-3 v. Abhisar Buildwell Pvt. Ltd.

14 Jan 2026 | 6 Views

Transfer Pricing Determination by ITAT Not Immune From High Court Scrutiny Under Section 260A Where Perversity Is Alleged: Supreme Court in SAP Labs India Pvt. Ltd. v. Income Tax Officer

14 Jan 2026 | 4 Views

DEPB and Duty Drawback Not “Derived From” Industrial Undertaking for Section 80-IB Deduction: Supreme Court in M/s Saraf Exports v. Commissioner of Income Tax, Jaipur-III

14 Jan 2026 | 6 Views

No Penalty Under Section 271C for Mere Delay in Remittance of TDS After Deduction: Supreme Court in M/s US Technologies International Pvt. Ltd. v. Commissioner of Income Tax

14 Jan 2026 | 7 Views

Tax Credit on Exempt Dividend Income under India–Oman DTAA: Supreme Court Ruling in Principal commissioner of Income Tax Vs M/S Krishak Bharti Cooperative Ltd

14 Jan 2026 | 5 Views

Immunity from Penalty and Prosecution by Settlement Commission: Supreme Court on Sections 245C & 245H – Kotak Mahindra Bank Ltd. vs Commisioner of Income Tax

14 Jan 2026 | 5 Views

Section 153C Reassessment for Third Parties: Supreme Court on Relevant Date for Six Assessment Years – Commissioner of Income Tax vs. Jasjit Singh (2023)

14 Jan 2026 | 4 Views

Charitable Status of Newspaper Trusts under Section 2(15): Supreme Court Ruling in PCIT (Exemptions) v. Servants of People Society

14 Jan 2026 | 3 Views

Interest Tax on Hire-Purchase Instalments: Supreme Court Ruling in Muthoot Leasing & Finance Ltd. vs Commissioner of Income Tax

14 Jan 2026 | 3 Views

Levy of Interest and Surcharge in Block Assessment: Supreme Court Ruling in K.L. SWAMY VS THE COMMISSIONER OF INCOME TAX

14 Jan 2026 | 4 Views

Limitation for Block Assessment under Section 158BE: Supreme Court Ruling in Anil Minda v. CIT (ANIL MINDA VS COMMISSIONER OF INCOME TAX)

14 Jan 2026 | 5 Views

Reopening of Completed Income Tax Assessments under Section 147: Supreme Court on Change of Opinion and Full Disclosure (M/S MANGALAM PUBLICATIONS,KOTTAYAM VS COMMISSIONER OF INCOME TAX)

14 Jan 2026 | 5 Views

Whether Transfer of Development Rights Is Stock-in-Trade or Capital Asset Requires Examination of Multiple Factors: Supreme Court in Commissioner of Income Tax v. Glowshine Builders & Developers Pvt. Ltd.

14 Jan 2026 | 10 Views

Clarification on Reassessment After Search Requires Review, Not Miscellaneous Application: Supreme Court in Principal Commissioner of Income Tax, Central-3 v. Abhisar Buildwell Pvt. Ltd.

14 Jan 2026 | 6 Views

Bitumen Cannot Be Treated as “Other Valuable Article” Under Section 69A Where Transporter Is Merely a Carrier: Supreme Court in M/s D.N. Singh v. Commissioner of Income Tax, Central, Patna & Anr.

14 Jan 2026 | 5 Views

Foreign Exchange Fluctuation Gain in EEFC Account Not “Derived From” Export Business for Section 80HHC Deduction: Supreme Court in Shah Originals v. Commissioner of Income Tax-24, Mumbai

14 Jan 2026 | 7 Views

Deductibility of Broken Period Interest on Government Securities Held by Banks as Stock-in-Trade: Supreme Court in Bank of Rajasthan Ltd. v. Commissioner of Income Tax

14 Jan 2026 | 6 Views

Assessing Officer Has No Jurisdiction to Entertain Claims Made Through Time-Barred Revised Returns Under Section 139(5) of the Income Tax Act: Supreme Court, M/s Shriram Investments v. Commissioner of Income Tax III, Chennai

14 Jan 2026 | 6 Views

Income Tax Dues after Approval of Resolution Plan under IBC: Supreme Court Reaffirms Extinguishment of Statutory Claims, VAIBHAV GOEL VS DEPUTY COMMISSIONER OF INCOME TAX

13 Jan 2026 | 49 Views

Prosecution under Section 276C(1) Cannot Continue After Settlement Commission Order Granting Penalty Immunity: Supreme Court, (VIJAY KRISHNASWAMI @ KRISHNASWAMI VIJAYAKUMAR VS THE DEPUTY DIRECTOR OF INCOME TAX )

13 Jan 2026 | 54 Views

Limitation Period under Section 144C vis-à-vis Section 153 of the Income-tax Act: Supreme Court Clarifies DRP Timelines, (ASSISTANT COMMISSIONER OF INCOME TAX VS SHELF DRILLING RON TAPPMEYER LIMITED)

13 Jan 2026 | 58 Views

Hotel Premises Constitute Fixed Place PE: Supreme Court in Hyatt International Southwest Asia Ltd. Case, (Hyatt International Southwest Asia Ltd. v. Additional Director of Income Tax)

13 Jan 2026 | 46 Views

Reduction of Share Capital Constitutes ‘Transfer’ Under Section 2(47): Supreme Court Reaffirms Capital Loss Allowability in PCIT v. Jupiter Capital Pvt. Ltd. (2025)

12 Jan 2026 | 186 Views

Offence under Section 276CC of Income Tax Act: Supreme Court Clarifies “First Offence” and Compounding Guidelines VINUBHAI MOHANLAL DOBARIA Vs CHIEF COMMISSIONER OF INCOME TAX & ANR

12 Jan 2026 | 142 Views

GST ITC on Netting-Off Payments between Branch and Head Office: AAAR Tamil Nadu in Sanghvi Movers Ltd.

12 Jan 2026 | 149 Views

Input Tax Credit Cannot Be Denied Solely Due to Retrospective Cancellation of Supplier’s GST Registration Without Proving Non-Genuine Transactions: Sanchita Kundu & Anr. v. Assistant Commissioner of State Tax (Calcutta High Court, 2022)

12 Jan 2026 | 138 Views

Admissibility of Input Tax Credit on Book Adjustment Settlements under GST: Analysis of Kerala AAR Ruling in Paragon Polymer Products Pvt. Ltd. Case

12 Jan 2026 | 153 Views

Prosecution under Section 276C(1) Cannot Continue After Settlement Commission Order Granting Penalty Immunity: Supreme Court, VIJAY KRISHNASWAMI VERSUS THE DEPUTY DIRECTOR OF INCOME TAX (INVESTIGATION)

12 Jan 2026 | 161 Views

GST Confiscation for Excess Stock Without Following Sections 73/74 Is Unsustainable – Allahabad High Court | M/s Janta Machine Tools v. State of U.P. (2025)

12 Jan 2026 | 133 Views

Limitation Period under Section 144C vis-à-vis Section 153 of the Income-tax Act: Supreme Court Clarifies DRP Timelines, Assistant Commissioner of Income Tax (International Taxation) & Others Versus Shelf Drilling Ron Tappmeyer Ltd. Etc.

12 Jan 2026 | 87 Views

Denial of Input Tax Credit Solely Due to Retrospective Cancellation of Supplier’s GST Registration Is Unsustainable: M/s Himalaya Communication Pvt. Ltd. v. Union of India & Ors. (Himachal Pradesh High Court, 2025)

12 Jan 2026 | 72 Views

Input Tax Credit Cannot Be Denied Merely Due to Retrospective Cancellation of Supplier’s GST Registration Without Disproving Genuine Transactions: M/s Gargo Traders v. Joint Commissioner, State Tax (Calcutta High Court, 2023)

12 Jan 2026 | 68 Views

Delhi High Court Upholds Validity of GST Registration Cancellation Modification in M/S Balaji Industries (Vipin Kumar) vs. Principal Commissioner CGST Delhi North (W.P.(C) 11913/2024)

12 Jan 2026 | 59 Views

Transfer of Pending Company Petitions to NCLT under Section 434: Rajasthan HC in Modern Insulators Ltd.

12 Jan 2026 | 57 Views

GST Show Cause Notices Cannot Be Clubbed for Multiple Financial Years – Bombay High Court (Goa) | Milroc Good Earth Developers v. Union of India (2025)

12 Jan 2026 | 57 Views

Composite GST Show Cause Notice Covering Multiple Financial Years Is Without Jurisdiction: Karnataka HC in Pramur Homes

12 Jan 2026 | 68 Views

ITC Cannot Be Denied to Buyer for Supplier’s Default: Allahabad HC in R.T. Infotech v. Additional Commissioner

12 Jan 2026 | 79 Views

Buyer Cannot Be Denied ITC for Supplier’s Tax Default: Madras HC in D.Y. Beathel Enterprises

12 Jan 2026 | 75 Views

Writ Not Maintainable Against GST Adjudication When Statutory Appeal Exists: Calcutta HC in LGW Industries Ltd.

12 Jan 2026 | 61 Views

GST Recovery Before Show Cause Notice Without Voluntary Self-Ascertainment Illegal: Karnataka HC in Kesar Colour Chem Industries

12 Jan 2026 | 58 Views

Tax on Cooked Food in Luxury Hotels Valid: Supreme Court Upholds Classification in Kerala Hotel & Restaurant Association Case

12 Jan 2026 | 73 Views

Allahabad High Court Holds: Department Must Prove Intent to Evade Tax Where GST Discrepancy Is Only Clerical – Indeutsch Industries Pvt. Ltd. v. State of U.P. (2024)

12 Jan 2026 | 54 Views

Minor E-Way Bill Vehicle Number Error Not Ground for Penalty under Section 129: Allahabad HC in M/S Bmr Enterprises Vs State Of Up

12 Jan 2026 | 60 Views

Rule 86A Cannot Create Negative ITC Balance: Delhi HC in Best Crop Science Pvt. Ltd.

12 Jan 2026 | 57 Views

Excess Stock Found During GST Survey Cannot Justify Confiscation Under Section 130 – Allahabad High Court | Dinesh Kumar Pradeep Kumar v. Additional Commissioner (2024)

12 Jan 2026 | 90 Views

Comprehensive Professional Representation on Draft C&AG Empanelment Policy 2026–27 – Issues Affecting Small & Medium Chartered Accountant Firms and Suggested Policy Interventions

11 Jan 2026 | 790 Views

Input Tax Credit Cannot Be Denied to Bona Fide Purchaser for Supplier’s GST Default – Tripura High Court in Sahil Enterprises v. Union of India (WP(C) No. 688 of 2022)

11 Jan 2026 | 192 Views

TDS Credit Cannot Be Denied Due to System Mismatch in Form 26AS – Relief to Deductee | Sumit Devendra Rajani v. ACIT (Gujarat HC)

10 Jan 2026 | 144 Views

NFRA Circular NF-22/52/2025-NFRA All Statutory Auditors of Public Interest Entities (PIEs) covered under Rule 3 of NFRA Rules, 2018 on Audit File Maintenance, Retention & Submission to NFRA – Mandatory Compliance under SA 230, SA 200, SA 500 & SQC 1 | Timelines, Integrity & Penalties

09 Jan 2026 | 815 Views

उत्तर प्रदेश में लीज़ डीड पर स्टाम्प शुल्क में अस्थायी राहत: 19 नवंबर 2025 की अधिसूचना का व्यावसायिक विश्लेषण

08 Jan 2026 | 734 Views

No Transfer Pricing Adjustment on Interest for Delayed AE Receivables Where Working Capital Adjustment Granted: ITAT Delhi in ERM India Pvt. Ltd. v. DCIT

08 Jan 2026 | 417 Views

Offshore Supply Not Taxable in India and No Supervisory or Fixed Place PE Established: ITAT Delhi in SAIC Motor Corporation Ltd. v. ACIT

08 Jan 2026 | 399 Views

Donation of Sale Proceeds to Another Charitable Trust Held Valid Application of Income: ITAT Delhi in ITO (E) v. Prakash Sewa Trust

08 Jan 2026 | 400 Views

Segment-Wise Transfer Pricing Mandatory and Non-Compete Fee Treated as Revenue: ITAT Delhi in Spectris Technologies Pvt. Ltd. v. ITO

08 Jan 2026 | 369 Views

Depreciation on Goodwill from Amalgamation Allowed – ITAT Mumbai Follows Smifs Securities in ACIT vs Siyaram Silk Mills Ltd

08 Jan 2026 | 390 Views

Section 68 Addition Deleted for Opening Balances and Genuine Loans – ITAT Mumbai in ACIT vs Supreme Lake View Bungalows Pvt. Ltd.

08 Jan 2026 | 412 Views

Ex-Parte Assessment and Appeal Set Aside with Costs; Matter Remanded for Fresh Adjudication: ITAT Mumbai in Sunni Hanfi Mashayaki Momin Trust v. ITO

08 Jan 2026 | 107 Views

ITAT Mumbai Allows Withdrawal of Appeal Under Direct Tax Vivad Se Vishwas Scheme, 2024 – Solenis Chemicals India Pvt. Ltd. vs ACIT

08 Jan 2026 | 93 Views

ITAT Mumbai Remands Property Investment Addition for Fresh Assessment – Seema Pappu Yadav vs ITO

08 Jan 2026 | 106 Views

Stamp Duty Value on Date of Allotment to Be Adopted Under Section 56(2) – ITAT Mumbai in Sarayu Krishna Kamat vs DCIT

08 Jan 2026 | 106 Views

Reassessment Notice Issued Beyond Limitation Held Void: ITAT Delhi Applies Supreme Court Ruling in Union of India v. Rajeev Bansal

08 Jan 2026 | 113 Views

Revision under Section 263 Invalid Where Issue Falls Outside Limited Scrutiny Scope: ITAT Delhi in Harun Ali v. Pr. CIT

08 Jan 2026 | 103 Views

Share Capital and Premium Addition under Section 68 Restored for Fresh Verification of Source of Source: ITAT Delhi in Baba Healthcare Pvt. Ltd. v. ACIT

08 Jan 2026 | 89 Views

Cash Sales During Demonetisation Taxable Only on Estimated GP Basis; Section 115BBE Inapplicable: ITAT Delhi in DCIT v. JMK Jewels Pvt. Ltd.

08 Jan 2026 | 107 Views

Reassessment Quashed for Borrowed Satisfaction and Estimated Additions Deleted: ITAT Delhi in JHS Svendgaard Laboratories Ltd. v. DCIT

08 Jan 2026 | 113 Views

Depreciation on BOT Highway Project Allowable Despite Non-Ownership: ITAT Delhi in JCIT v. Gwalior Bypass Project Ltd.

08 Jan 2026 | 102 Views

Section 68 Addition on Unsecured Loan Deleted Where Lender’s Assessment Accepted by Revenue: ITAT Delhi in Passion Realtech Pvt. Ltd. v. ACIT

08 Jan 2026 | 89 Views

CIT(A) Order Set Aside for Non-Compliance with Section 250(6) in Alleged Bogus Purchase Case: ITAT Delhi in Bholenath Foods Ltd. v. DCIT

08 Jan 2026 | 112 Views

Transfer Pricing Adjustments Deleted Applying Principle of Consistency: ITAT Delhi in DCIT v. Exxon Mobil Lubricants Pvt. Ltd.

08 Jan 2026 | 97 Views

Double Disallowance under Section 40(a)(ia) Not Permissible Where Assessee Has Suo Motu Disallowed Expenses: ITAT Delhi in DeliverHealth Services Pvt. Ltd. v. DCIT

08 Jan 2026 | 111 Views

Ex-Parte CIT(A) Order Set Aside for Violation of Natural Justice: ITAT Delhi in Berger Becker Coatings Pvt. Ltd. v. DCIT

08 Jan 2026 | 118 Views

Rule 86A Cannot Create Negative Balance in Electronic Credit Ledger: Delhi High Court Restricts Blocking of ITC Beyond Available Credit — Best Crop Science Pvt. Ltd. v. Principal Commissioner, CGST, Meerut (W.P.(C) 10980/2024 & Connected Matters | Delhi High Court)

08 Jan 2026 | 121 Views

GST Recovery Stayed During Statutory Appeal Period: Allahabad High Court Quashes Premature Recovery from Electronic Credit Ledger, M/s S.A.B. Engg Works v. State of U.P. (WRIT TAX No. 2254 of 2025)

08 Jan 2026 | 135 Views

UP Cabinet Approves Stamp Duty Concession on Family Gift Deeds of Commercial & Industrial Properties (Effective 2026)

07 Jan 2026 | 681 Views

Addition under Section 69A Not Sustainable for Mere Reclassification of Unsecured Loans: ITAT Mumbai in ITO v. NDW Development Corporation LLP

07 Jan 2026 | 154 Views

Bogus Purchase Addition Deleted Despite Supplier Return Issues: ITAT Mumbai Upholds Documentary Evidence Over Mere Non-Filing – ACIT vs Everest Food Products Pvt. Ltd. (AY 2021-22)

07 Jan 2026 | 221 Views

Reversal of MSMED Act Interest Not Taxable If Not Claimed as Deduction – ITAT Mumbai in Siemens Limited vs ADIT (AY 2020-21)

07 Jan 2026 | 178 Views

Cash Deposits Explained by Prior Withdrawals and Tuition Income: Section 69A Addition Deleted by ITAT Mumbai – Manisha Kamalkar Sadavarte Case

07 Jan 2026 | 155 Views

Reassessment Invalid Where No Addition Made on Recorded Reasons: ITAT Mumbai Allows LTCG Exemption under Section 10(38) – Chintan Harshad Kanakia v. ITO

07 Jan 2026 | 108 Views

Business Expenditure of Holding Companies Allowable Even Without Active Operations: ITAT Delhi in Lifestyle and Media Holdings Ltd. vs DCIT (AYs 2014-15 to 2016-17)

07 Jan 2026 | 135 Views

Revision under Section 263 Invalid When AO Takes a Plausible View: ITAT Delhi in Decent Securities (P) Ltd v. Pr. CIT (AY 2017-18)

07 Jan 2026 | 134 Views

Validity of Assessment under Section 153A in Abated Proceedings – ITAT Delhi in ACIT v. Sandur Bypass Projects Pvt. Ltd. (AY 2011-12)

07 Jan 2026 | 89 Views

Assessment under Section 153A Without Incriminating Material Is Invalid – Bogus LTCG Addition Deleted by ITAT Delhi in Nitin Johari v. ACIT

07 Jan 2026 | 127 Views

Revision under Section 263 Invalid Where AO Conducted Due Enquiry: ITAT Delhi in J.M. Housing Limited v. Pr. CIT (Central), Kanpur

07 Jan 2026 | 118 Views

Transfer Pricing on Import of Finished Goods: Resale Price Method Upheld as Most Appropriate Method – ITAT Delhi in Luxottica India Eyewear Pvt. Ltd. vs. ACIT

07 Jan 2026 | 124 Views

Bogus Purchases Cannot Be Added When Sales Are Undisputed: ITAT Delhi Upholds Deletion of Addition in ACIT vs Indure Pvt. Ltd. (AY 2013-14)

07 Jan 2026 | 170 Views

Assessment under Section 153A vs Regular Assessment under Section 143(3): ITAT Delhi in Gurucharan Singh Hora v. DCIT on Jurisdiction, Search Assessments, and Addition under Section 69A

07 Jan 2026 | 144 Views

Reassessment for AY 2015-16 Beyond 1 April 2021 Held Time-Barred: ITAT Delhi Quashes Notice Under Section 148 Following Supreme Court Ruling in Rajeev Bansal

07 Jan 2026 | 157 Views

Penalty under Section 270A Cannot Be Sustained on a Charge Different from the One Initiated: ITAT Delhi in Umri Pooph Pratappur Tollway Pvt. Ltd. v. ACIT (AY 2018-19)

07 Jan 2026 | 158 Views

Reassessment Based on Alleged Accommodation Entries Unsustainable Without Fresh Tangible Evidence: ITAT Delhi in DCIT vs. Apoorva Leasing Finance & Investment Co. Ltd. (AY 2011-12)

07 Jan 2026 | 149 Views

Section 68 Cannot Be Invoked in Firm’s Hands for Capital and Loan Introduced by Identified Partners and Relatives: ITAT Delhi in ACIT vs Gurkirat BPO Services LLP (AY 2017-18)

07 Jan 2026 | 124 Views

Religious Trust Entitled to Section 11 Exemption: Donations Cannot Be Treated as Advertisement Income – ITAT Delhi

07 Jan 2026 | 119 Views

Assessment Order Passed Without Considering Assessee’s Reply Violates Principles of Natural Justice: ITAT Delhi Restores Matter for De Novo Assessment | Royalux Lighting LLP v. Assessment Unit (AY 2022-23)

07 Jan 2026 | 74 Views

Provision for Warranty Allowable Under Section 37 When Based on Scientific Method and Past Experience: ITAT Delhi in Marelli UM Electronic Systems Pvt. Ltd. v. DCIT

07 Jan 2026 | 72 Views

Penalty under Section 271(1)(c) Cannot Survive When Quantum Appeal Is Pending: ITAT Delhi in Neetu Gupta vs Income Tax Officer (AY 2011-12)

07 Jan 2026 | 71 Views

Revision under Section 263 Not Sustainable Where AO Takes a Plausible View on Bogus Purchases: ITAT Delhi in Axis Infoline Pvt. Ltd. v. PCIT-1

07 Jan 2026 | 65 Views

Ex-Parte Assessment under Section 144 Set Aside for Violation of Natural Justice: ITAT Lucknow Restores Matter to Assessing Officer in Demonetisation Cash Deposit Case (AY 2017-18)

07 Jan 2026 | 66 Views

TDS Credit Cannot Be Denied Without Proper Verification in Joint Property Transactions – ITAT Lucknow Restores Matter for Fresh Adjudication | Krishna Prakash Goel vs ITO (AY 2023-24)

07 Jan 2026 | 54 Views

Ex-Parte Dismissal by NFAC Held Unsustainable: ITAT Restores Cash Deposit Addition Case under Sections 69A, 144 & 115BBE – Nitin Dwivedi vs ITO (AY 2017-18)

07 Jan 2026 | 61 Views

Deduction under Section 80P on Interest from Statutory Bank Deposits Allowed to Co-operative Sugar Cane Society – ITAT Lucknow in District Co-operative Sugar Cane Supply Ltd. vs. ITO (AY 2020-21)

07 Jan 2026 | 53 Views

Assessment Order Quashed for Unauthorized Conversion of Limited Scrutiny into Complete Scrutiny – ITAT Lucknow in K.M. Gases Pvt. Ltd. vs DCIT (AY 2015-16)

07 Jan 2026 | 63 Views

Cash Capital Contribution from Close Relatives – ITAT Lucknow Remands ₹13.50 Lakh Addition u/s 68 r.w.s. 115BBE | Nasim Ahmad Khan Case vs ACIT

07 Jan 2026 | 68 Views

Demonetisation Cash Sales in Jewellery Business – ITAT Lucknow Restores ₹2.75 Crore Addition u/s 68 for Fresh Verification | ACIT vs Mallics Jewels (ITA 312/LKW/2023)

07 Jan 2026 | 87 Views

Revision Under Section 263 Invalid Where AO Conducted Enquiries and Took a Plausible View: ITAT Lucknow in Subhash Jaiswal Associates vs PCIT

07 Jan 2026 | 71 Views

Search Assessments Cannot Be Based on Estimated Profit Without Incriminating Material: ITAT Lucknow in Rakesh Kumar Pandey vs DCIT (Central)

07 Jan 2026 | 78 Views

Exemption Under Section 10(23C)(iiiab) Allowed to Government-Aided Educational Institution: ITAT Lucknow Dismisses Revenue Appeals in ITO vs Kamla Nehru P.G. College

07 Jan 2026 | 74 Views

Penalty Under Section 271(1)(c) Cannot Survive When Quantum Assessment Is Set Aside: ITAT Lucknow in Atul Kishore Trivedi vs ITO

07 Jan 2026 | 69 Views

Share Trading Loss Disallowed as Speculative for Lack of Delivery Proof: ITAT Lucknow in Narain Properties Ltd. v. ACIT

07 Jan 2026 | 85 Views

ITAT Lucknow Quashes Penalty Appeal Dismissal in Limine: Marut Paper Products Pvt. Ltd. vs ACIT – Violation of Section 250(6)

07 Jan 2026 | 68 Views

ITAT Lucknow Upholds Additions on Undisclosed Interest and Accommodation Entries: Main Land Finance Pvt. Ltd. vs ITO

07 Jan 2026 | 73 Views

Rejection of Registration under Sections 12AB and 80G for Lack of Charitable Activity Not Sustainable When Funds Are Utilised for Construction of Charitable Infrastructure – ITAT Lucknow in Kirti Mahal Satsang Bhawan Trust vs. CIT (Exemptions)

07 Jan 2026 | 81 Views

ITAT Lucknow Sets Aside CIT(A) Order for Violation of Natural Justice: Aabdeen Travel Services vs ITO (AY 2017-18)

07 Jan 2026 | 62 Views

ITAT Delhi Holds PCIT’s Section 263 Revision Invalid Where AO Made Detailed Enquiries and Applied Mind; Addition Under Section 68 Held Appropriate, Not Section 41(1) — J.M. Housing Ltd. v. PCIT (ITA No. 8248/Del/2025) (Del-Trib, 31.12.2025)

06 Jan 2026 | 223 Views

Limitation Under Section 153 Applies to DRP Proceedings Under Section 144C – Assistant Commissioner of Income Tax (International Taxation) v. Shelf Drilling Ron Tappmeyer Ltd., Supreme Court (2025 INSC 946)

06 Jan 2026 | 260 Views

Income-tax Prosecution Cannot Continue After Settlement Commission Grants Penalty Immunity Without Proof of Wilful Evasion – Vijay Krishnaswami @ Krishnaswami Vijayakumar v. Deputy Director of Income Tax (Investigation), Supreme Court (2025 INSC 1048)

06 Jan 2026 | 241 Views

Temporary Break in Business Is Not Business Closure – Pride Foramer S.A. vs Commissioner of Income Tax & Anr., Supreme Court (2025 INSC 1247)

06 Jan 2026 | 195 Views

Sponsorship Payments for ICC Brand Usage Treated as Royalty: Delhi High Court Upholds 15% TDS under Section 195 – LG Electronics India (P) Ltd. v. DIT (International Taxation) [2025]

05 Jan 2026 | 218 Views

Stock-in-Trade of Jeweller Recorded in Books and Supported by Contemporaneous Evidence Cannot Be Seized Under Sections 132/132A – Bombay High Court Orders Unconditional Release | Mahavir Jewellers NX LLP v. DDIT (Inv.) (2025)

05 Jan 2026 | 158 Views

Depreciation on Block of Assets Cannot Be Denied for Non-Use of Individual Units – Madras High Court Dismisses Revenue Appeal in CIT v. Kothari Sugars and Chemicals Ltd. (AY 2003-04)

05 Jan 2026 | 152 Views

Section 68 Addition Unsustainable Where Bank Trail & PAN Established: Patna High Court in Rajnandani Projects (P) Ltd. v. PCIT (2025)

04 Jan 2026 | 472 Views

Supreme Court Holds Non-Compete Fee as Allowable Revenue Expenditure under the Income-tax Act (Sharp Business System v. CIT-III, 2025 INSC 1481)

04 Jan 2026 | 438 Views

Section 44C Applies to All Head Office Expenditure of Non-Residents—Common or Exclusive: Supreme Court Settles Law in DIT v. American Express Bank Ltd. (2025 INSC 1431)

03 Jan 2026 | 617 Views

Unproved Bank Liabilities for Unpresented Cheques Treated as Bogus Credits; SLP Dismissed by Supreme Court – Harsha Associates (P) Ltd. v. DCIT

03 Jan 2026 | 375 Views

Supreme Court mandates strict timelines for oral arguments, issues Circular

01 Jan 2026 | 175 Views

No Penalty on Wife for Non-Disclosure of Joint Foreign Investment When Husband Declares in ITR: PCIT v. Aditi Avinash Athavankar (Bom. HC, 2025)

01 Jan 2026 | 160 Views

Prosecution under Section 276C(2) Quashed for Delayed Self-Assessment Tax: No Willful Evasion Established – Vilas Babanrao Kalokhe v. PCIT (Central) [2025]

31 Dec 2025 | 260 Views

No Penalty for Non-Disclosure of Joint Foreign Investment When Husband Declared It: PCIT v. Aditi Avinash Athavankar (2025) – Discretion under Black Money Act Upheld

31 Dec 2025 | 218 Views

MCA General Circular No. 08/2025: Deadline Extended to 31st January 2026 for Filing Financial Statements & Annual Returns (Companies Act, 2013)

30 Dec 2025 | 1522 Views

No Tax on Trust with Overall Deficit Even if Activities Alleged Commercial: ITAT Mumbai in The Mysore Association Bombay v. ITO [TS-1713-ITAT-2025(Mum)]

29 Dec 2025 | 151 Views

Levy of Interest u/s 220(2) Held Invalid Prior to Fresh Demand Notice u/s 156: ITAT Mumbai in Samsara Shipping (P) Ltd. v. ITO (AY 2021-22)

28 Dec 2025 | 534 Views

FAQs on key accounting implications arising from the New Labour Codes, New Labour Codes (2025): Key Accounting Implications on Gratuity, Leave Obligation, Interim Reporting, Exceptional Item Presentation & Tax Treatment under Ind AS / Indian GAAP

27 Dec 2025 | 865 Views

Government Rehabilitation Subsidy Held Capital Receipt: Purpose Test Applied | Dharmapuri District Co-operative Milk Producers Union Ltd. v. DCIT (Madras HC, 2025)

27 Dec 2025 | 582 Views

Vocational Training as ‘Education’ under Section 2(15): Karnataka HC Allows Section 11 Exemption Despite Surplus | Deshpande Education Trust v. ACIT (2025)

27 Dec 2025 | 558 Views

Incorrect PIN Code in E-Way Bill Held Minor Error: Allahabad High Court Quashes GST Seizure & Penalty under Section 129 | RC Sales and Services vs State of Uttar Pradesh

26 Dec 2025 | 605 Views

Reopening Notice by Jurisdictional AO Instead of Faceless AO Quashed: Rahul Bagrecha v. DCIT (2025) | Invalid Section 148 Notice & Assessment Under Faceless Regime

25 Dec 2025 | 530 Views

Delay of 4 Days in Filing Form 10B Is Procedural and Not Fatal – ITAT Delhi Allows Section 11 Exemption and Sets Aside CPC Adjustment | Aarti Singal Foundation (AY 2021-22)

24 Dec 2025 | 308 Views

Assessments Under Section 153C Quashed for Absence of Mandatory Satisfaction Note – ITAT Delhi Follows Saksham Commodities Ratio | Rajan Verma (AYs 2018-19 to 2020-21)

24 Dec 2025 | 252 Views

Bogus Commission Paid to Shell Entity Taxable Under Section 68 and Assessment Valid Despite Non-Issue of Section 143(2) Notice – ITAT Delhi Dismisses Appeal | Jaibro Industries (AY 2012-13)

24 Dec 2025 | 255 Views

Penalty Under Section 271(1)(c) Cannot Survive Once Quantum Addition Is Deleted – ITAT Delhi Deletes Penalty | Surya Jyoti Software Pvt. Ltd. (AY 2009-10)

24 Dec 2025 | 256 Views

Ex-Parte Order by CIT(A) Set Aside for Non-Adjudication on Merits – ITAT Delhi Restores Appeal on Additions under Section 69A | Archit Jain (AY 2022-23)

24 Dec 2025 | 266 Views

Delay of 378 Days Condoned and Ex-Parte Order Set Aside for Violation of Natural Justice – ITAT Delhi Restores Appeal to CIT(A) | Central Council for Research in Ayurvedic (AY 2012-13)

24 Dec 2025 | 288 Views

Reassessment Notice Issued After 01.04.2021 for AY 2015-16 Held Time-Barred Despite TOLA Extension – ITAT Delhi Upholds CIT(A) | ITO vs. Neem Chand

24 Dec 2025 | 221 Views

Addition for Unexplained Investment in Immovable Property Set Aside After Considering DRP Directions – ITAT Delhi Grants Relief to NRI Assessee | Dileep Kumar Dwivedi (AY 2015-16)

24 Dec 2025 | 233 Views

Bogus Purchases Addition Based Solely on Tax Evasion Petition Held Unsustainable – ITAT Delhi Deletes Ad-hoc Profit Addition | Arvind Jain (AY 2014-15)

24 Dec 2025 | 218 Views

Penalty Under Section 270A for Alleged Misreporting Set Aside – ITAT Delhi Allows Immunity Where No Suppression of Facts | Nirjeet Singh (AY 2022-23)

24 Dec 2025 | 296 Views

Disallowance Under Section 43B Without Adjudication on Merits Set Aside – ITAT Delhi Restores Matter for Speaking Order | Landmark Exim Pvt. Ltd. (AY 2020-21)

24 Dec 2025 | 235 Views

Assessment Quashed for Want of Jurisdictional Notice Under Section 143(2) – ITAT Delhi Holds Notice by Non-Jurisdictional AO Invalid | Harish Chand Gupta (AY 2017-18)

24 Dec 2025 | 242 Views

Bogus Purchases and Estimation of Profit at 6% Instead of 100% Addition Under Section 69C – ITAT Delhi Upholds CIT(A)’s Order | RMS Power Solutions Pvt. Ltd. (AY 2018-19)

24 Dec 2025 | 271 Views

Ex-Parte Order by CIT(A) Without Proper Opportunity Violates Principles of Natural Justice – ITAT Delhi Remands Matter | Queen Distillers and Bottles Pvt. Ltd. (AY 2022-23)

24 Dec 2025 | 263 Views

Section 43B Disallowance Cannot Be Sustained Without Speaking Order: ITAT Delhi Restores Matter to CIT(A) | Landmark Exim Pvt. Ltd. v. DCIT (AY 2020-21)

24 Dec 2025 | 215 Views

Sales Discount to Stockists Not Commission – No TDS u/s 194H: Mumbai ITAT in Novartis Healthcare (P) Ltd. v. DCIT (TDS) Following Piramal Healthcare (Bom HC)

24 Dec 2025 | 245 Views

INCOMES WHICH DO NOT FORM PART OF TOTAL INCOME, Section 10 Income Tax Act, 1961

23 Dec 2025 | 380 Views

India and New Zealand conclude Free Trade Agreement Negotiations on Financial Services, a part of Annex to the Trade in Services Chapter

23 Dec 2025 | 243 Views

Bogus Purchases Addition under Section 69 Unsustainable without Rejection of Books u/s 145(3): Delhi ITAT in KDP Infrastructure (P) Ltd. v. DCIT (AY 2012-13)

23 Dec 2025 | 175 Views

Section 263 Revision Unsustainable: Delhi ITAT Quashes CIT Action on Offshore Supplies under Section 44BBB | Shenzhen SDG Information Co. Ltd. v. CIT (ITAT Delhi, AY 2017-18)

23 Dec 2025 | 162 Views

Apply on-line for empanelment as an examiner

22 Dec 2025 | 1108 Views

Liaison Office Activities Held Preparatory & Auxiliary – No PE or Profit Attribution Under India-Netherlands DTAA | Oxbow Energy ITAT Mumbai

22 Dec 2025 | 155 Views

Cost-to-Cost Reimbursement of Salaries to Seconded Employees Not Taxable as FTS – Delhi ITAT Relies on Boeing India | Toshiba Energy Case

22 Dec 2025 | 191 Views

Blocking of ITC Under Rule 86A Beyond One Year Illegal – Delhi High Court in Sunny Jain v. Union of India

22 Dec 2025 | 338 Views

Section 74 GST Cannot Be Invoked Without Fraud or Suppression – ITC Allowed Despite Supplier Issues | Safecon Lifescience Case

22 Dec 2025 | 330 Views

Constitutional Challenge to Section 16(2)(c) CGST Act – ITC Cannot Be Denied for Supplier Default | LGW Industries Case

22 Dec 2025 | 448 Views

ITC Cannot Be Denied for Supplier’s Subsequent Registration Cancellation – Allahabad High Court | Khurja Scrap Trading Company Case

22 Dec 2025 | 176 Views

GST ITC Cannot Be Denied Due to Suo Moto Retrospective Cancellation of Supplier’s Registration When Buyer Is Bona Fide – Calcutta High Court | M/s Gargo Traders v. Joint Commissioner, State Tax

22 Dec 2025 | 252 Views

Accumulation u/s 11(2) Cannot Be Denied for Vague Form 10 If Purpose Aligns With Trust Objects: Mumbai ITAT | Harmony Foundation v. ITO (Exemption) [TS-1673-ITAT-2025]

21 Dec 2025 | 284 Views

Key amendments in PFRDA (Exits and Withdrawals under the NPS) Regulations, 2015

20 Dec 2025 | 296 Views

GAAR Not Applicable Without ‘Impermissible Avoidance Arrangement’: Telangana High Court Quashes GAAR Proceedings on Share Transactions | Smt. Anvida Bandi v. DCIT [2025] 177 taxmann.com 726 (Telangana HC)

20 Dec 2025 | 235 Views

Foreign Tax Credit Allowed When Form 67 & Revised Return Filed in Time: Delhi ITAT Grants Relief u/s 90/91, Deletes s.69 & s.115BBE Additions | DCIT v. Malvinder Mohan Singh (ITAT Delhi, 2025)

20 Dec 2025 | 267 Views

Section 43CB Mandates Percentage Completion Method for Real Estate Developers: Mumbai ITAT Confirms Additions | Faithfull Developers v. ACIT (ITAT Mumbai, 2025)

20 Dec 2025 | 336 Views

Supreme Court Allows Non-Compete Fee as Revenue Expenditure u/s 37(1); Reverses High Court View, Matters Remanded to ITAT | SC Ruling (19 Dec 2025)

20 Dec 2025 | 318 Views

Bombay High Court Admits Revenue’s Appeal on Jurisdictional Bar u/s 124(3) & Additional Grounds: ITAT’s Quashing of 143(3) r.w.s. 144C Proceedings Put to Test | PCIT, Pune v. Fiat India Automobiles (P) Ltd. (Bom HC, 2025)

20 Dec 2025 | 282 Views

Bogus Political Donations Returned After Commission: Delhi ITAT Denies Section 13A Exemption, Taxes 6% as Income u/s 56(1) | Public Political Party v. DCIT (ITAT Delhi, 2025)

20 Dec 2025 | 328 Views

Foreign Tax Credit Cannot Be Denied When Form 67 & Revised Return Filed Within Time – Delhi ITAT in DCIT v. Malvinder Mohan Singh [TS-1637-ITAT-2025 (Del.)]

19 Dec 2025 | 257 Views

Revenue Challenges GAAR Panel Order in Vedanta Case; Delhi High Court Stays Order, Lists Writ for Feb 2026 — Vedanta Holdings Mauritius II Ltd. v. CIT (Intl. Taxation)–3, Delhi

17 Dec 2025 | 540 Views

Clerical Error in Claiming Wrong Exemption Section Cannot Deny Benefit to Educational Trust: ITAT Agra in Om Charitable Chikitsa Samiti v. AO (Exemption)

17 Dec 2025 | 416 Views

Bombay High Court Grants Full Stay of Demand Where Revenue Taxed Gross Receipts of Educational Trust Without Considering Expenditure, Godavari Shikshan Prasarak Mandal Sindhi v. CIT (Exemption), Pune and Others

17 Dec 2025 | 319 Views

Subsequent Supreme Court Ruling Not a Ground for ITAT Rectification under Section 254(2): Bombay High Court, Sila Solutions (P) Ltd. v. ITO

17 Dec 2025 | 315 Views

Delhi High Court Upholds Prosecution in ₹348 Crore Tax Evasion Case; Rejects Constitutional Challenge to CBDT Circulars on Prosecution

16 Dec 2025 | 426 Views

Government has undertaken specific initiatives and policies to strengthen Ease of Doing Business in the country since 2014

16 Dec 2025 | 293 Views

Assessing Officer’s Duty to Examine All Issues in Reassessment: Delhi ITAT Upholds Section 263 Revision Order

16 Dec 2025 | 418 Views

Dumb Documents” Have No Evidentiary Value: Chennai ITAT Deletes ₹25.78 Crore Addition under Section 69B r.w.s. 115BBE of Income tax Act, DCIT v. Jaya Pradeep [TS-1630-ITAT-2025(CHNY)]

16 Dec 2025 | 396 Views

Supreme Court Confirms Deletion of Section 271D Penalty Where No Recorded Satisfaction in Assessment Order

14 Dec 2025 | 433 Views

CBDT Takes Enforcement Action Against Intermediaries Facilitating Bogus Deduction Claims in Income-tax Returns

14 Dec 2025 | 1744 Views

Delhi High Court to Decide Whether Sports Associations’ Activities Are Charitable or Commercial for Exemption under Sections 11 and 12

14 Dec 2025 | 309 Views

Undisclosed Bitcoin Income Taxable Under Black Money Act; Addition for Foreign Assets Deleted Due to Wrong Assessment Year — Pune ITAT, Shaista Suhel Patanwala v. ADIT(Inv.), Pune [TS-1626-ITAT-2025(PUN)]

14 Dec 2025 | 318 Views

CBDT NUDGES Taxpayers Against Bogus Donation Claims Through Data-Driven Detection Drive

13 Dec 2025 | 524 Views

Bombay High Court Quashes Backdated Section 154 Rectification Order Passed Without DIN – Siemens Ltd. v. DCIT (2025)

13 Dec 2025 | 397 Views

ICAI – Important Professional Update Migration of UDIN Portal to ICAI DigiCA Platform

13 Dec 2025 | 944 Views

New Income Tax Return (ITR) Forms under Income-tax Act, 2025 – Lok Sabha Clarification on Timeline and Simplification

13 Dec 2025 | 280 Views

Commissioner must follow binding jurisdictional HC precedent despite SC pendency; sec. 264 revision allowed: HC, Shangri-La International Hotel Management Pte. Ltd. vs. Commissioner of Income-tax (International Tax) - [2025] (Delhi)

13 Dec 2025 | 136 Views

Reassessment Quashed Due to Non-issuance of Section 143(2) Notice — Foundational Infirmity; Bangalore ITAT Relies on PCIT v. Shri Jai Shiv Shankar Traders

12 Dec 2025 | 362 Views

Kerala High Court: Section 10(23BBA) Exemption Restricted to Statutory Managing Bodies, Not to Administered Religious or Charitable Institutions

12 Dec 2025 | 179 Views

ITAT Kolkata Remands Assessment: Entire Bank Deposits Cannot Be Taxed Without Allowing Expenditure Even if Section 10(23C)(iiiab) Exemption Is Denied, University of North Bengal v. DCIT, Exemption (2025) (ITAT Kolkata)

12 Dec 2025 | 135 Views

Deletion of Section 68 Penny Stock LTCG Addition in Section 153A Assessment Absent Incriminating Material: Mumbai ITAT Follows Abhisar Buildwell

12 Dec 2025 | 158 Views

Filing of audit report mandatory but timeline merely procedural; Allows deduction under section 80IAC

12 Dec 2025 | 180 Views

Failure to consider judicial precedents not rectifiable under section 254(2); Upholds ITAT’s refusal to rectify

12 Dec 2025 | 137 Views

Final Deadline Alert: Correct TDS/TCS Returns for FY 2018-19 to 2023-24 Before 31 March 2026

12 Dec 2025 | 191 Views

Quashes Section 263 revision, holds Section 69C inapplicable where source of payment remains undisputed

12 Dec 2025 | 166 Views

Dividend/interest income not profit ‘derived’ from business, ineligible for Section 36(1)(viii) deduction claim

12 Dec 2025 | 129 Views

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