Gopika V
![Allahabad HC Quashes GST Demand Issued Against Deceased Proprietor; Fresh Proceedings Permitted [Read Order]](https://images.taxscan.in/h-upload/2026/03/04/2127822-allahabad-high-court-gst-demand-deceased-proprietor-gst-demand-quashed-taxscan.webp "Allahabad HC Quashes GST Demand Issued Against Deceased Proprietor; Fresh Proceedings Permitted [Read Order]")
Allahabad HC Quashes GST Demand Issued Against Deceased Proprietor; Fresh Proceedings Permitted [Read Order]
In a recent ruling, the Allahabad High Court set aside a demand of ₹8.94 lakh raised under Section 73(9) of the Goods and Services Tax Act (GST...
![ITAT Quashes ₹3960+ Crore Tax Demand Against Booking.com, Rules No Permanent Establishment in India [Read Order]](https://images.taxscan.in/h-upload/2026/03/04/2127780-itat-quashes-3960-crore-tax-demandjpg.webp "ITAT Quashes ₹3960+ Crore Tax Demand Against Booking.com, Rules No Permanent Establishment in India [Read Order]")
![IBBI Disciplinary Committee Holds Resolution Professional Unauthorisedly Reconstited CoC & Filed Misleading Affidavits in Byju’s Parent Company CIRP [Read Order]](https://images.taxscan.in/h-upload/2026/03/03/2127709-ibbi-disciplinary-committee-holds-resolution-professional-unauthorisedly-reconstited-coc-taxscan.webp "IBBI Disciplinary Committee Holds Resolution Professional Unauthorisedly Reconstited CoC & Filed Misleading Affidavits in Byju’s Parent Company CIRP [Read Order]")
![ITAT Quashes ₹3.97 Crore Income Addition Based on Supplier Non‑Responses and Tata Ace Scrap‑Load Capacity Doubts [Read Order]](https://images.taxscan.in/h-upload/2026/03/04/2127758-itat-quashes-income-addition-based-on-supplier-tata-ace-scrapload-.webp "ITAT Quashes ₹3.97 Crore Income Addition Based on Supplier Non‑Responses and Tata Ace Scrap‑Load Capacity Doubts [Read Order]")
![IBBI Disciplinary Committee Suspends Insolvency Professional’s Authorization for Six Months for Acting Without Valid AFA [Read Order]](https://images.taxscan.in/h-upload/2026/03/03/2127684-ibbi-disciplinary-committee-suspends-authorization-for-six-months-for-acting-afa-.webp "IBBI Disciplinary Committee Suspends Insolvency Professional’s Authorization for Six Months for Acting Without Valid AFA [Read Order]")
AO Cannot Adopt FMV for Capital Gains while using Book Value for Business Profits: ITAT Clarifies S. 45(2) scope [Read Order]
In a recent ruling, the Income Tax Appellate Tribunal (ITAT) has clarified the scope of Section 45(2) of the Income Tax Act, ruling that the Assessing Officer cannot adopt the fair market value...
![AO Cannot Adopt FMV for Capital Gains while using Book Value for Business Profits: ITAT Clarifies S. 45(2) scope [Read Order]](https://images.taxscan.in/h-upload/2026/03/02/2127595-ao-cannot-adopt-fmv-for-capital-gains-itat-taxscan.webp "AO Cannot Adopt FMV for Capital Gains while using Book Value for Business Profits: ITAT Clarifies S. 45(2) scope [Read Order]")
IBBI Flags Insolvency Professional for Operating CIRP Account Post-Liquidation, Rejects Procedural Objections [Read Order]
The Insolvency andBankruptcy Board of India’s (IBBI) Disciplinary Committee (DC) has dismissed preliminary objections raised by an Insolvency Professional (IP) in proceedings arising from his role...
![IBBI Flags Insolvency Professional for Operating CIRP Account Post-Liquidation, Rejects Procedural Objections [Read Order]](https://images.taxscan.in/h-upload/2026/03/02/2127597-ibbi-flags-insolvency-professional-for-operating-cirp-account-post-liquidationjpg.webp "IBBI Flags Insolvency Professional for Operating CIRP Account Post-Liquidation, Rejects Procedural Objections [Read Order]")
₹60 Lakh Loan Addition u/s 68 Deleted as AO Relied on Assumptions, Not Evidence: ITAT Upholds CIT(A) Decision [Read Order]
The Income Tax AppellateTribunal (ITAT) upheld the Commissioner of Income Tax (Appeals) [ CIT(A) ] order, deleting an addition of ₹60 lakh made under Section68 of the Income Tax Act, 1961 and ruling...
![₹60 Lakh Loan Addition u/s 68 Deleted as AO Relied on Assumptions, Not Evidence: ITAT Upholds CIT(A) Decision [Read Order]](https://images.taxscan.in/h-upload/2026/03/02/2127587-itat-upholds-cita-decision-taxscan.webp "₹60 Lakh Loan Addition u/s 68 Deleted as AO Relied on Assumptions, Not Evidence: ITAT Upholds CIT(A) Decision [Read Order]")
![No Fresh Reassessment after 4 years when Facts Were Fully Disclosed: ITAT [Read Order]](https://images.taxscan.in/h-upload/2026/03/02/2127581-itat-4-yearsjpg.webp "No Fresh Reassessment after 4 years when Facts Were Fully Disclosed: ITAT [Read Order]")
AO ignores Valid Invoices and GSTR Filings: Karnataka HC Sets Aside Income Tax Order, Directs Reconsideration [Read Order]
Officer (AO) failed to consider the firm's reliance on valid tax invoices and GSTR filings. Also remitted the matter for fresh consideration. In a recent ruling, the Karnataka High Court has...
![AO ignores Valid Invoices and GSTR Filings: Karnataka HC Sets Aside Income Tax Order, Directs Reconsideration [Read Order]](https://images.taxscan.in/h-upload/2026/02/25/2126994-ao-ignores-valid-invoices-and-gstr-karnataka-hc-income-tax-order.webp "AO ignores Valid Invoices and GSTR Filings: Karnataka HC Sets Aside Income Tax Order, Directs Reconsideration [Read Order]")
ITR Invalidated for Alleged ₹10 Crore Gross Receipts Without S. 44AB Audit: Karnataka HC Sets Aside CPC Order, Directs Fresh Consideration [Read Order]
In a recent ruling, the Karnataka High Court has intervened in a dispute over the income tax return for AY 2024–25, which had been invalidated by the CentralProcessing Centre (CPC) on the ground...
![ITR Invalidated for Alleged ₹10 Crore Gross Receipts Without S. 44AB Audit: Karnataka HC Sets Aside CPC Order, Directs Fresh Consideration [Read Order]](https://images.taxscan.in/h-upload/2026/02/25/2126997-site-image25-1jpg.webp "ITR Invalidated for Alleged ₹10 Crore Gross Receipts Without S. 44AB Audit: Karnataka HC Sets Aside CPC Order, Directs Fresh Consideration [Read Order]")
Registration Begins: PCS Firms Invited to Join IAGES Panel for PAN‑India Gold Accreditation Assessments
The Institute of Company Secretaries of India (ICSI), in collaboration with the Indian Association for Gold Excellence and Standards (IAGES), has officially opened registrations for PCS firms to...
