Attachment Powers Under the Income Tax Act vs. the PMLA
Introduction The implementation of tax and anti-money laundering laws in India comes with a robust set of legislative tools, with the attachment...
![Seizure Material Non-Reliable as it contained Numerous Errors, inconsistent Balances: ITAT Deletes Addition [Read Order]](https://images.taxscan.in/h-upload/2025/11/21/250x150_2107076-02b780e4-8836-4fd2-b2fb-798ddc0608fb.webp "Seizure Material Non-Reliable as it contained Numerous Errors, inconsistent Balances: ITAT Deletes Addition [Read Order]")
![Service of Notice before Income Tax Reassessment is Mandatory: Jharkhand HCC Quashes Penalty u/s 271(1)(b) [Read Order]](https://images.taxscan.in/h-upload/2025/11/21/250x150_2107097-income-tax-reassessment-taxscan.webp "Service of Notice before Income Tax Reassessment is Mandatory: Jharkhand HCC Quashes Penalty u/s 271(1)(b) [Read Order]")
![Partner’s Expenses Incurred for Business Purposes are Deductible u/ Income Tax: ITAT Grants Relief to Former ICAI President Atul Gupta [Read Order]](https://images.taxscan.in/h-upload/2025/11/20/250x150_2106917-icai-president-atul-gupta.webp "Partner’s Expenses Incurred for Business Purposes are Deductible u/ Income Tax: ITAT Grants Relief to Former ICAI President Atul Gupta [Read Order]")
![Disallowance of Stock Write-Down u/s 37(1) without Examining Evidence Unjustified: ITAT Remands Matter for Fresh Adjudication [Read Order]](https://images.taxscan.in/h-upload/2025/11/17/250x150_2106038-itat-disallowance-of-stock-write-down-itat-remands-matter-for-fresh-adjudication-taxscan.webp "Disallowance of Stock Write-Down u/s 37(1) without Examining Evidence Unjustified: ITAT Remands Matter for Fresh Adjudication [Read Order]")
Recovery Barred During Pending Appeal: Kerala HC Stays Income Tax Dept’s Recovery Action against Oralium Ltd.
The Kerala High Court has intervened in a dispute between Oralium Limited and the Income Tax Department, staying the recovery proceedings of a tax penalty pending the disposal of the company's...
Income Tax SCN issued less than 7 day Response Time violates CBDT’s SOP: Karnataka HC Sets aside Orders against Bangalore Metro Rail Corp Ltd [Read Order]
The Karnataka High Court held that a Show Cause Notice issued with less than the mandatory seven-day response period under the Standard Operating Procedure for faceless assessments is invalid,...
![Income Tax SCN issued less than 7 day Response Time violates CBDT’s SOP: Karnataka HC Sets aside Orders against Bangalore Metro Rail Corp Ltd [Read Order]](https://images.taxscan.in/h-upload/2025/11/19/500x300_2106539-income-tax-karnataka-hc-bangalore-metro-rail-corp-ltd-taxscan.webp "Income Tax SCN issued less than 7 day Response Time violates CBDT’s SOP: Karnataka HC Sets aside Orders against Bangalore Metro Rail Corp Ltd [Read Order]")
Income Tax alleges Form 26A Filed Belatedly and Only 18 of 25 Supplier Certificates Furnished: Madras HC Orders to Reassess Afresh [Read Order]
The Madras High Court has quashed an assessment order against and remitted the case for a fresh order and held that the petitioner was neither heard nor granted time to furnish further particulars...
![Income Tax alleges Form 26A Filed Belatedly and Only 18 of 25 Supplier Certificates Furnished: Madras HC Orders to Reassess Afresh [Read Order]](https://images.taxscan.in/h-upload/2025/11/17/500x300_2105910-income-tax-form-26a-madras-hc-taxscan.webp "Income Tax alleges Form 26A Filed Belatedly and Only 18 of 25 Supplier Certificates Furnished: Madras HC Orders to Reassess Afresh [Read Order]")
No Satisfaction Recorded to Invoke S.153C under Income Tax: Calcutta HC Upholds S.147 Reassessment, Rejects assessee’s Jurisdictional Plea [Read Order]
The Calcutta High Court has dismissed a writ petition challenging a reassessment order under Section 147 of the Income Tax Act, 1961, holding that the assessee failed to show any jurisdictional...
![No Satisfaction Recorded to Invoke S.153C under Income Tax: Calcutta HC Upholds S.147 Reassessment, Rejects assessee’s Jurisdictional Plea [Read Order]](https://images.taxscan.in/h-upload/2025/11/19/500x300_2106531-calcutta-high-court-income-tax-reassessment-no-satisfaction-recorded-taxscan.webp "No Satisfaction Recorded to Invoke S.153C under Income Tax: Calcutta HC Upholds S.147 Reassessment, Rejects assessee’s Jurisdictional Plea [Read Order]")
Demonetisation Cash Deposit Explained through Sale Deeds & Wealth-Tax Records: ITAT Allows 90% Relief, Directs Not to be Taxed u/s 115BBE [Read Order]
The Rajkot Bench of the Income Tax Appellate Tribunal ( ITAT ) has granted substantial relief to assessee, restricting an addition of ₹37.65 lakh made under Section 69A in respect of cash deposited ...
![Demonetisation Cash Deposit Explained through Sale Deeds & Wealth-Tax Records: ITAT Allows 90% Relief, Directs Not to be Taxed u/s 115BBE [Read Order]](https://images.taxscan.in/h-upload/2025/11/17/500x300_2106040-itat-rajkot-demonetisation-cash-deposit-sale-deeds-wealth-tax-records-taxscan.webp "Demonetisation Cash Deposit Explained through Sale Deeds & Wealth-Tax Records: ITAT Allows 90% Relief, Directs Not to be Taxed u/s 115BBE [Read Order]")
No ‘Royalty’ on Service Fees Paid under Regional Service Agreement: ITAT Dismisses Revenue’s Appeal [Read Order]
The Income Tax Appellate Tribunal (ITAT) Bench at Mumbai held that payments received by the assessee (Singapore-based entity) from its Indian affiliate under a Regional Service Agreement (RSA)...
![No ‘Royalty’ on Service Fees Paid under Regional Service Agreement: ITAT Dismisses Revenue’s Appeal [Read Order]](https://images.taxscan.in/h-upload/2025/11/17/500x300_2106022-royalty-taxscan.webp "No ‘Royalty’ on Service Fees Paid under Regional Service Agreement: ITAT Dismisses Revenue’s Appeal [Read Order]")
CA Ignores ICAI’s Technical Guide on Share Valuation: ITAT finds CA Certificate Defective, upholds Tax on Excess Share Premium u/s 56(2)(viib) [Read Order]
The Income Tax Appellate Tribunal (ITAT) Bench at Rajkot has upheld the addition of ₹3.99 crore made under Section 56(2)(viib) of the Income Tax Act, 1961, holding that the assessee’s Discounted...
![CA Ignores ICAI’s Technical Guide on Share Valuation: ITAT finds CA Certificate Defective, upholds Tax on Excess Share Premium u/s 56(2)(viib) [Read Order]](https://images.taxscan.in/h-upload/2025/11/17/500x300_2105999-ca-icai-itat-taxscan.webp "CA Ignores ICAI’s Technical Guide on Share Valuation: ITAT finds CA Certificate Defective, upholds Tax on Excess Share Premium u/s 56(2)(viib) [Read Order]")