Gopika V
Reassessment Notices Beyond Six-Year Limitation Invalid: Supreme Court Upholds Delhi HC Order [Read Order]
Reassessment notice extended ten‑year period under Section 149 cannot revive assessments already barred under the earlier six‑year regime.In a recent...
![Property Sold Below Distress Value Violating Rule 8(6) SARFAESI Rules: DRAT Directed Bank to Refund Auction Amount with 8% Interest [Read Order]](https://images.taxscan.in/h-upload/2026/02/07/250x150_2124118-property-sold-below-distress-value-violating-rule-86-sarfaesi-rules-drat-directed-bank.webp "Property Sold Below Distress Value Violating Rule 8(6) SARFAESI Rules: DRAT Directed Bank to Refund Auction Amount with 8% Interest [Read Order]")
![Depreciation on Goodwill cannot be Revisited in Later Years Once Allowed in First Year: ITAT [Read Order]](https://images.taxscan.in/h-upload/2026/02/07/250x150_2124110-depreciation-on-goodwill-itat-taxscan-.webp "Depreciation on Goodwill cannot be Revisited in Later Years Once Allowed in First Year: ITAT [Read Order]")
Only Final Stamp Valuation Determined by Collector Applies u/s 50C: ITAT allows Full Section 54F Exemption [Read Order]
In a recent ruling, Income Tax Appellate Tribunal (ITAT), Raipur, held that only the final stamp valuation fixed by the Collector applies under Section 50C of the Income Tax Act, 1961. It deleted a...
![Only Final Stamp Valuation Determined by Collector Applies u/s 50C: ITAT allows Full Section 54F Exemption [Read Order]](https://images.taxscan.in/h-upload/2026/02/06/500x300_2124059-only-final-stamp-valuation-determined-collector-applies-taxscan.webp "Only Final Stamp Valuation Determined by Collector Applies u/s 50C: ITAT allows Full Section 54F Exemption [Read Order]")
![Single GST SCN Covering Five Financial Years is Impermissible: Madras HC Quashes Order [Read Order]](https://images.taxscan.in/h-upload/2026/02/06/500x300_2124010-single-gst-scn-covering-five-financial-years-impermissible-madras-hc-quashes-order-taxscan.webp "Single GST SCN Covering Five Financial Years is Impermissible: Madras HC Quashes Order [Read Order]")
Legal Rep Cannot Raise New Defence Not Taken By Deceased Borrower: DRAT Upholds Rejection of Non-Supply of OA Paper Book Plea
The Debt Recovery Appellate Tribunal (DRAT), Kolkata, held that legal heirs cannot introduce new defences not raised by the original defendant, also rejected her defence for non-filing of a written...
DRT Dismisses Appeal due to Non‑Compliance with Pre‑Deposit: DRAT Remands Matter to Examine ₹3.71 Crore Deposit u/s 30 RDB Act [Read Order]
The Debt Recovery Appellate Tribunal ( DRAT ) referred a case back to the Debt Recovery Tribunal (DRT) after finding that the dismissal of an appeal for want of pre-deposit of ₹3.71 Crore under...
![DRT Dismisses Appeal due to Non‑Compliance with Pre‑Deposit: DRAT Remands Matter to Examine ₹3.71 Crore Deposit u/s 30 RDB Act [Read Order]](https://images.taxscan.in/h-upload/2026/02/06/500x300_2123973-drt-dismisses-appeal-due-noncompliance-predeposit-drat.webp "DRT Dismisses Appeal due to Non‑Compliance with Pre‑Deposit: DRAT Remands Matter to Examine ₹3.71 Crore Deposit u/s 30 RDB Act [Read Order]")
Stakeholders Show Unwillingness to Mediation: DRAT Directs DRT to Expedite Hearing of Securitisation Application [Read Order]
The Debt Recovery Appellate Tribunal (DRAT), Kolkata, has disposed of an appeal, directing the debt recovery tribunal to hear the pending securitization application expeditiously. The appeal...
![Stakeholders Show Unwillingness to Mediation: DRAT Directs DRT to Expedite Hearing of Securitisation Application [Read Order]](https://images.taxscan.in/h-upload/2026/02/06/500x300_2123977-securitisation-application-drat-drt-taxscan.webp "Stakeholders Show Unwillingness to Mediation: DRAT Directs DRT to Expedite Hearing of Securitisation Application [Read Order]")