Meesho Receives ₹1,499.73 Crore Income Tax Demand Order, Plans to Appeal
Bengaluru-based e-commerce marketplace Meesho Limited (Formerly known as Meesho Private Limited and Fashnear Technologies Private Limited)has...
![Income Tax Revision Order Unsustainable as PCIT Conducted No Independent Inquiry and AO Had Taken a Plausible View: ITAT [Read Order]](https://images.taxscan.in/h-upload/2026/03/07/2128262-income-tax-revision-order-unsustainable-pcit-independent-ao-had-taken-plausible-itat-.webp "Income Tax Revision Order Unsustainable as PCIT Conducted No Independent Inquiry and AO Had Taken a Plausible View: ITAT [Read Order]")
![Conversion of Company into LLP Deemed Dissolution of Company: ITAT rules Reassessment Cannot Survive [Read Order]](https://images.taxscan.in/h-upload/2026/03/06/2128061-itat-rules-reassessment-cannot-survive-taxscan.webp "Conversion of Company into LLP Deemed Dissolution of Company: ITAT rules Reassessment Cannot Survive [Read Order]")
![Ex-BSNL Employees Absorbed from DoT Treated as Central Govt. Retirees for Income Tax Exemption on Leave Encashment: Kerala HC [Read Order]](https://images.taxscan.in/h-upload/2026/03/06/2128036-bsnljpg.webp "Ex-BSNL Employees Absorbed from DoT Treated as Central Govt. Retirees for Income Tax Exemption on Leave Encashment: Kerala HC [Read Order]")
![Can Criminal Proceedings be Initiated for Cash Transactions Above ₹2 Lakh? Allahabad HC to Examine S.269ST of Income Tax Act [Read Order]](https://images.taxscan.in/h-upload/2026/03/06/2128030-can-criminal-initiated-cash-transactions-allahabad-hc-to-examine-income-tax-act-.webp "Can Criminal Proceedings be Initiated for Cash Transactions Above ₹2 Lakh? Allahabad HC to Examine S.269ST of Income Tax Act [Read Order]")
STCG from Immovable Property Sale: ITAT Directs AO to Reassess alleged Sale with Additional Evidence [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) has remanded computation of short-term capital gains ( STCG ) from the sale of immovable property, directing the Assessing Officer...
![STCG from Immovable Property Sale: ITAT Directs AO to Reassess alleged Sale with Additional Evidence [Read Order]](https://images.taxscan.in/h-upload/2026/03/04/2127840-stcg-from-immovable-property-salejpg.webp "STCG from Immovable Property Sale: ITAT Directs AO to Reassess alleged Sale with Additional Evidence [Read Order]")
ITAT Quashes ₹3960+ Crore Tax Demand Against Booking.com, Rules No Permanent Establishment in India [Read Order]
In a recent ruling The Income Tax Appellate Tribunal (ITAT) Delhi has set aside a tax demand of over ₹3960 crore, holding that the Netherlands‑based company does not have a Permanent Establishment...
![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]")
ITAT Quashes ₹3.97 Crore Income Addition Based on Supplier Non‑Responses and Tata Ace Scrap‑Load Capacity Doubts [Read Order]
In a recent ruling, the Income Tax Appellate Tribunal (ITAT) quashed a ₹3.97 crore income addition which was based on supplier non‑responses to statutory notices and held that the AO’s doubts over...
![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]")
Income Tax Dept Administrative Delay in Gathering Foreign Information Cannot Restrict Right to Travel Abroad: Delhi HC [Read Order]
In a recent ruling, the Delhi High Court held that the Income Tax Department’s delay in collecting foreign information cannot restrict a person’s right to travel abroad especially when no case or...
![Income Tax Dept Administrative Delay in Gathering Foreign Information Cannot Restrict Right to Travel Abroad: Delhi HC [Read Order]](https://images.taxscan.in/h-upload/2026/03/04/2127756-foreign-informationjpg.webp "Income Tax Dept Administrative Delay in Gathering Foreign Information Cannot Restrict Right to Travel Abroad: Delhi HC [Read Order]")
Gross Negligence by CIT(A) and AO in Ignoring Submissions and Evidence: ITAT Deletes ₹9 Cr Purchase Addition [Read Order]
The Income Tax Appellate Tribunal (ITAT) held that the Commissioner of Income Tax (Appeals) (CIT(A)) and the Assessing Officer (AO) exhibited gross negligence in discharging their statutory duty by ...
![Gross Negligence by CIT(A) and AO in Ignoring Submissions and Evidence: ITAT Deletes ₹9 Cr Purchase Addition [Read Order]](https://images.taxscan.in/h-upload/2026/03/03/2127660-gross-negligence-by-cita-and-ao-in-ignoring-submissions-and-evidence-itat.webp "Gross Negligence by CIT(A) and AO in Ignoring Submissions and Evidence: ITAT Deletes ₹9 Cr Purchase Addition [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]")
Parallel Proceedings for Same AY After CIT(A) Set Aside Reassessment: ITAT Sets Aside ₹169.75 Cr Addition u/s 69A Arising from Section 263, Restores Matter to AO [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, held that to avoid parallel proceedings for the same Assessment Year (AY) 2014-15, the addition of ₹169.75 crore made under Section69A...
![Parallel Proceedings for Same AY After CIT(A) Set Aside Reassessment: ITAT Sets Aside ₹169.75 Cr Addition u/s 69A Arising from Section 263, Restores Matter to AO [Read Order]](https://images.taxscan.in/h-upload/2026/03/02/2127593-parallel-proceedings-for-same-ay-after-cita-set-aside-reassessmentjpg.webp "Parallel Proceedings for Same AY After CIT(A) Set Aside Reassessment: ITAT Sets Aside ₹169.75 Cr Addition u/s 69A Arising from Section 263, Restores Matter to AO [Read Order]")