Delhi HC upholds Constitutionality of S. 132 Companies and NFRA Rules in Challenge by CA Firms, quashes SCNs [Read Order]
The Delhi High Court recently rejected a challenge to the constitutional validity of Section 132(4) of the Companies Act, 2013, and Rules 3, 8, 10,...
![ITAT Orders Reassessment of Post-Demonetization Cash Deposits by Bar & Restaurant Business Owner [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Demonetization.jpg "ITAT Orders Reassessment of Post-Demonetization Cash Deposits by Bar & Restaurant Business Owner [Read Order]")
![Income Tax Rules Amendment: Non-Resident Entities with Liaison Offices in India must File Form 49C within 8 Months of FY-End [Read Notification]](https://www.taxscan.in/wp-content/uploads/2025/02/Income-Tax-Rules-Income-Tax-Rules-Amendment-Liaison-Offices-in-India-Taxscan.jpg "Income Tax Rules Amendment: Non-Resident Entities with Liaison Offices in India must File Form 49C within 8 Months of FY-End [Read Notification]")
![Disallowance of R&D Expense Deductions due to Missing DSIR Form 3CL: ITAT allows Full Deduction for 2016-17 [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Pune-Income-Tax-Appellate-Tribunal-Form-3CL-TAXSCAN.jpg "Disallowance of R&D Expense Deductions due to Missing DSIR Form 3CL: ITAT allows Full Deduction for 2016-17 [Read Order]")
![85% of Unaccounted Cash Receipts as Income: ITAT Directs AO to Tax based on Net Profit [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Pune-Net-Profit-Tax-Based-on-Net-Profit-Taxscan.jpg "85% of Unaccounted Cash Receipts as Income: ITAT Directs AO to Tax based on Net Profit [Read Order]")
Validity of Digital Evidence Without S.65B(4) Certificate: ITAT Upholds Addition of ₹4.20 Crore [Read Order]
The Pune Bench of Income Tax Appellate Tribunal(ITAT) upheld the addition of ₹4.20 crore, rejecting the challenge to the validity of digital evidence due to the absence of a Section 65B(4)...
![Validity of Digital Evidence Without S.65B(4) Certificate: ITAT Upholds Addition of ₹4.20 Crore [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/digital-evidence.jpg "Validity of Digital Evidence Without S.65B(4) Certificate: ITAT Upholds Addition of ₹4.20 Crore [Read Order]")
Income Tax Order Issued in Deceased Taxpayer's Name: ITAT Remands Matter for Fresh Adjudication [Read Order]
The Bangalore bench of Income Tax Appellate Tribunal (ITAT) remanded the case for fresh adjudication to the Commissioner of Income Tax (Appeals) [CIT(A)], due to the order issued in the name of a...
![Income Tax Order Issued in Deceased Taxpayers Name: ITAT Remands Matter for Fresh Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Income-Tax-Order-Taxpayers-ITAT-ITAT-Remands-Matter-Fresh-Adjudication-statistical-purposes-ITAT-INDIA-ITAT-NEWS-INCOME-TAX-Income-tax-news-Taxscan.jpg "Income Tax Order Issued in Deceased Taxpayers Name: ITAT Remands Matter for Fresh Adjudication [Read Order]")
Delay in Issuing Requisition u/s 132A: Delhi HC Upholds Validity and Links Seized Cash to Undisclosed Income [Read Order]
In the recent ruling,the High Court of Delhi,upheld the validity of the requisition under Section 132A of Income Tax Act,1961 and linked the seized ₹98,00,000 to undisclosed income, finding the...
![Delay in Issuing Requisition u/s 132A: Delhi HC Upholds Validity and Links Seized Cash to Undisclosed Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Delay-in-Issuing-Requisition-Issuing-Requisition-Section-132A-Delhi-HC-Delhi-HC-Upholds-Validity-and-Links-Seized-Cash-Seized-Cash-to-Undisclosed-Income-Undisclosed-Income-taxscan.jpg "Delay in Issuing Requisition u/s 132A: Delhi HC Upholds Validity and Links Seized Cash to Undisclosed Income [Read Order]")
ITAT upholds Disallowance of Knitting Charges Under Section 40A(3), allows Set-Off of Carry Forward Losses [Read Order]
In a recent ruling, the Chennai bench of the Income Tax Appellate Tribunal (ITAT) upheld the disallowance of ₹88 Lakhs in knitting charges under Section 40A(3) as cash payments exceeding the...
![ITAT upholds Disallowance of Knitting Charges Under Section 40A(3), allows Set-Off of Carry Forward Losses [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-upholds-Disallowance-of-Knitting-Charges-Disallowance-Knitting-Charges-Under-Section-40A3-Set-Off-of-Carry-Forward-Losses-Carry-Forward-Losses-taxscan-1.jpg "ITAT upholds Disallowance of Knitting Charges Under Section 40A(3), allows Set-Off of Carry Forward Losses [Read Order]")
Mere Absence of GSTN in Supplier Certificate Not Sufficient to Deny ITC Claim: Allahabad HC [Read Order]
In a recent ruling, the Allahabad High Court ruled that the absence of GSTN in a supplier’s certificate alone is not a valid ground for denying the Input Tax Credit ( ITC ) and directed the tax...
![Mere Absence of GSTN in Supplier Certificate Not Sufficient to Deny ITC Claim: Allahabad HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Allahabad-High-Court-GSTN-GST-Network-ITC-Allahabad-HC-on-ITC-Claims-TAXSCAN.jpg "Mere Absence of GSTN in Supplier Certificate Not Sufficient to Deny ITC Claim: Allahabad HC [Read Order]")