Advika Dwivedi
![Penalty for ‘Inaccurate Particulars’ Sustained: ITAT upholds ₹12.45 Lakh Levy on Stock Broker [Read Order]](https://images.taxscan.in/h-upload/2026/01/02/500x300_2116735-stock-broker-taxscan.webp "Penalty for ‘Inaccurate Particulars’ Sustained: ITAT upholds ₹12.45 Lakh Levy on Stock Broker [Read Order]")
Penalty for ‘Inaccurate Particulars’ Sustained: ITAT upholds ₹12.45 Lakh Levy on Stock Broker [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has upheld the levy of penalty under Section 271(1)(c) of the Income Tax Act, 1961,...
![Interest-Free Advances from Share Capital Don not Attract Notional Tax: ITAT [Read Order]](https://images.taxscan.in/h-upload/2026/01/02/250x150_2116709-interest-free-advance-share-capital-taxscan.jfif "Interest-Free Advances from Share Capital Don not Attract Notional Tax: ITAT [Read Order]")
![MCA Amends Rules on Striking Off Companies: New Indemnity Bond Requirement for Government Companies [Read Notification]](https://images.taxscan.in/h-upload/2025/12/31/250x150_2116299-mca-mca-striking-off-rules-mca-amendment-mca-amends-striking-off-rules-taxscan.webp "MCA Amends Rules on Striking Off Companies: New Indemnity Bond Requirement for Government Companies [Read Notification]")
![Management Consultancy Services Covered by Rule 6(5): CESTAT Declares Cenvat Credit Reversal Void [Read Order]](https://images.taxscan.in/h-upload/2025/12/26/250x150_2114982-cestat-declares-cenvat-credit-reversal-void-taxscan.webp "Management Consultancy Services Covered by Rule 6(5): CESTAT Declares Cenvat Credit Reversal Void [Read Order]")
No Presumptive Disallowance u/s 14A: ITAT Deletes ₹118.68 Cr Addition Against Great Eastern Spinning [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) ruled that disallowance under Section 14A of the Income Tax Act, 1961 cannot be based upon presumptions and that the Assessing Officer (AO)...
![No Presumptive Disallowance u/s 14A: ITAT Deletes ₹118.68 Cr Addition Against Great Eastern Spinning [Read Order]](https://images.taxscan.in/h-upload/2025/12/27/500x300_2115334-itat-deletes-11868-cr-addition-against-great-eastern-spinning-taxscan.jfif "No Presumptive Disallowance u/s 14A: ITAT Deletes ₹118.68 Cr Addition Against Great Eastern Spinning [Read Order]")
Mechanical 145A Addition Set Aside: ITAT Rules Profit-Neutral MODVAT Adjustment Can’t Trigger Tax [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) held that a mechanical adjustment under Section 145A of the Income Tax Act, 1961, without demonstrating any real impact on profits,...
![Mechanical 145A Addition Set Aside: ITAT Rules Profit-Neutral MODVAT Adjustment Can’t Trigger Tax [Read Order]](https://images.taxscan.in/h-upload/2025/12/27/500x300_2115310-mechanical-145a-addition-set-aside-itat-rules-profit-neutral-modvat-adjustment-cant-trigger-tax-taxscan.webp "Mechanical 145A Addition Set Aside: ITAT Rules Profit-Neutral MODVAT Adjustment Can’t Trigger Tax [Read Order]")
![Kerala HC Rules NCLT’s Rejection of Resolution Plan Appealable Under Section 61 of IBC [Read Order]](https://images.taxscan.in/h-upload/2025/12/27/500x300_2115298-kerala-hc-rules-nclt-rejection-resolution-plan-appealable-under-section-61-ibc-taxscan.webp "Kerala HC Rules NCLT’s Rejection of Resolution Plan Appealable Under Section 61 of IBC [Read Order]")
![Special Allowances - Exemptions and Taxability Under Income Tax Act [Old vs New Tax Act Series]](https://images.taxscan.in/h-upload/2025/12/27/500x300_2115348-income-tax-act-2025.webp "Special Allowances - Exemptions and Taxability Under Income Tax Act [Old vs New Tax Act Series]")
₹84 Crore Released to NSEL Settlement Account: Bombay HC Quashes 2015 Proceedings Against 63 Moons [Read Order]
The Bombay High Court has permitted the transfer of ₹84 crore along with accrued interest lying in court deposit to the Settlement Account created under a Scheme of Arrangement approved by the...
![₹84 Crore Released to NSEL Settlement Account: Bombay HC Quashes 2015 Proceedings Against 63 Moons [Read Order]](https://images.taxscan.in/h-upload/2025/12/27/500x300_2115316-2015-proceedings.webp "₹84 Crore Released to NSEL Settlement Account: Bombay HC Quashes 2015 Proceedings Against 63 Moons [Read Order]")