Saagarika Gopinath
Final year BBA LLB( Hons) law student at Government Law College
CESTAT quashes Demand Order on Lack of Evidence against Clandestine Clearance Allegations, slashes Penalty on Directors
The Kolkata bench of the Customs, Excise, and Service Tax Appellate Tribunal ( CESTAT ) set aside the demand of Rs. 53,38,184 on account of...
![ITAT upholds Disallowance on Bad Debts, limits Unrecovered Debtors Balance to Rs.228.87 lakhs [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Chennai-bad-debts-ITAT-Upholds-Disallowance-taxscan.jpg "ITAT upholds Disallowance on Bad Debts, limits Unrecovered Debtors Balance to Rs.228.87 lakhs [Read Order]")
![No Trust towards Sports Trust on Foreign Expenditure: ITAT restores Registration Rejection [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Trust-towards-Sports-Trust-Sports-Trust-on-Foreign-Expenditure-Sports-Trust-Foreign-Expenditure-ITAT-Registration-Rejection-taxscan.jpg "No Trust towards Sports Trust on Foreign Expenditure: ITAT restores Registration Rejection [Read Order]")
![ITAT allows Oxford University Press to withdraw Appeal as it Opts for Vivad Se Vishwas Scheme 2024 [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Mumbai-Vivad-se-viswas-scheme-Oxford-University-Press-case-updates-TAXSCAN.jpg "ITAT allows Oxford University Press to withdraw Appeal as it Opts for Vivad Se Vishwas Scheme 2024 [Read Order]")
![Notice u/s 148 Invalid due to Expired Limitation Period: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Section-148-Income-Tax-Act.jpeg "Notice u/s 148 Invalid due to Expired Limitation Period: ITAT [Read Order]")
![ITAT limits Disallowance in Circular Trading Case to 0.30% [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Ahmedabad-Disallowance-Circular-Trading-Case-taxsan.jpg "ITAT limits Disallowance in Circular Trading Case to 0.30% [Read Order]")
‘When Cash is Sourced out of Recorded Debtors, S. 69A cannot be invoked’: ITAT deletes Addition of Rs. 21.5 Crores [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) deleted the addition of Rs. 21.5 crores as the bench reached the conclusion that when cash is sourced out of recorded debtors, Section...
![‘When Cash is Sourced out of Recorded Debtors, S. 69A cannot be invoked’: ITAT deletes Addition of Rs. 21.5 Crores [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Cash-is-Sourced-Cash-is-Sourced-out-of-Recorded-Debtors-Recorded-Debtors-Section-69A-cannot-be-invoked-ITAT-ITAT-deletes-Addition-taxscan.jpg "‘When Cash is Sourced out of Recorded Debtors, S. 69A cannot be invoked’: ITAT deletes Addition of Rs. 21.5 Crores [Read Order]")
Notice u/s 148 issued by AO beyond Stipulated period u/s 149(1)(a): ITAT dismisses Revenue Appeal [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) dismissed an appeal filed by the revenue by upholding the decision of the Commissioner of Income Tax (Appeals) [CIT(A)] that a notice...
![Notice u/s 148 issued by AO beyond Stipulated period u/s 149(1)(a): ITAT dismisses Revenue Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Notice-Section-148-issued-by-AO-Stipulated-period-Section-1491a-Stipulated-period-ITAT-ITAT-dismisses-Revenue-Appeal-Revenue-Appeal-taxscan.jpg "Notice u/s 148 issued by AO beyond Stipulated period u/s 149(1)(a): ITAT dismisses Revenue Appeal [Read Order]")
The Importance of Judicial Prudence in Provisional Bank Account Attachments under GST Law [Find Draft Reply Format Here]
The GST is a destination-based tax on the consumption of goods and services. The Goods and Services Tax (GST) regime, which went into effect in 2017, has revealed a new aspect of India's indirect...
![The Importance of Judicial Prudence in Provisional Bank Account Attachments under GST Law [Find Draft Reply Format Here]](https://www.taxscan.in/wp-content/uploads/2025/02/The-Importance-of-Judicial-Prudence-Judicial-Prudence-Judicial-Prudence-in-Provisional-Bank-Account-Provisional-Bank-Account-Bank-Account-Attachments-GST-Law-taxscan.jpg "The Importance of Judicial Prudence in Provisional Bank Account Attachments under GST Law [Find Draft Reply Format Here]")
 Shareholder's Account to be Taxed under Life Insurance Business Provisions: ITAT in Kotak Mahindra Life Insurance case [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) in the Kotak Mahindra Insurance case held that theshareholder's account is to be taxed under life insurance business provisions. The...
![Â Shareholders Account to be Taxed under Life Insurance Business Provisions: ITAT in Kotak Mahindra Life Insurance case [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Mumbai-Kotak-Mahindra-Life-Insurance-case-taxscan.jpg "Â Shareholders Account to be Taxed under Life Insurance Business Provisions: ITAT in Kotak Mahindra Life Insurance case [Read Order]")
ITAT Remands matter for Fresh Assessment Over Delay in Filing Audit Report u/s Form 10BB [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has remanded a case back to the Assessing Officer (AO) for a fresh assessment concerning the delay in filing an audit report under Form...
![ITAT Remands matter for Fresh Assessment Over Delay in Filing Audit Report u/s Form 10BB [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-chennai-Assessment-Over-Delay-Filing-Audit-Report-taxscan.jpg "ITAT Remands matter for Fresh Assessment Over Delay in Filing Audit Report u/s Form 10BB [Read Order]")
ITAT Deletes Rs. 1 Crore Addition u/s 69A, Holds Bad Debt Recovery as Business Income [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) deleted an addition of Rs. 1 crore made under Section 69A of the Income Tax Act, 1961, as the bench reached the conclusion that bad debt...
![ITAT Deletes Rs. 1 Crore Addition u/s 69A, Holds Bad Debt Recovery as Business Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/bad-debt.jpg "ITAT Deletes Rs. 1 Crore Addition u/s 69A, Holds Bad Debt Recovery as Business Income [Read Order]")