![ITAT Rules ₹1.62 Cr Bogus Purchase Addition Based on WhatsApp Chats and Ex-Employee Statements as Unsustainable [Read Order]](https://images.taxscan.in/h-upload/2026/01/24/500x300_2121765-itat-chandigarh-bogus-purchase-bogus-purchase-addition-itat-bogus-purchase-case-income-tax-bogus-purchase-addition-t.webp "ITAT Rules ₹1.62 Cr Bogus Purchase Addition Based on WhatsApp Chats and Ex-Employee Statements as Unsustainable [Read Order]")
ITAT Rules ₹1.62 Cr Bogus Purchase Addition Based on WhatsApp Chats and Ex-Employee Statements as Unsustainable [Read Order]
The Chandigarh Bench of the Income Tax Appellate Tribunal (ITAT) held that additions towards alleged bogus purchases, made solely on the basis of...
![Post-Finance Act, 2021 Search Assessments Must Follow S.148 Regime: ITAT Quashes Income Tax Assessment [Read Order]](https://images.taxscan.in/h-upload/2026/01/24/250x150_2121757-itat-income-tax-ruling-taxscan.webp "Post-Finance Act, 2021 Search Assessments Must Follow S.148 Regime: ITAT Quashes Income Tax Assessment [Read Order]")
![Unauthenticated Digital Data Cannot Sustain Addition: ITAT Quashes ₹9.40 Crore u/s 69C [Read Order]](https://images.taxscan.in/h-upload/2026/01/24/250x150_2121751-digital-dtat-itat-taxscan.jfif "Unauthenticated Digital Data Cannot Sustain Addition: ITAT Quashes ₹9.40 Crore u/s 69C [Read Order]")
![All Six Income Tax Final Assessment Orders Passed Beyond Limitation u/s 144C: ITAT Quashes Proceedings Against Coca-Cola India [Read Order]](https://images.taxscan.in/h-upload/2026/01/24/250x150_2121752-all-six-income-tax-final-assessment-orders-passed-beyond-limitation-144c-itat-quashes-proceedings-against-coca-cola-india-taxscan.webp "All Six Income Tax Final Assessment Orders Passed Beyond Limitation u/s 144C: ITAT Quashes Proceedings Against Coca-Cola India [Read Order]")
SLP Filed Merely to Get ‘Stamp of this Court’: Supreme Court Rejects Income Tax Dept Plea Against Adani Power [Read Judgement]
The Supreme Court refused to consider the Income Tax Department’s Special Leave Petition against Adani Power Limited, saying that “it appears that the instant special leave petition has been filed...
![SLP Filed Merely to Get ‘Stamp of this Court’: Supreme Court Rejects Income Tax Dept Plea Against Adani Power [Read Judgement]](https://images.taxscan.in/h-upload/2026/01/24/500x300_2121739-supreme-court-rejects-slp-taxscan.webp "SLP Filed Merely to Get ‘Stamp of this Court’: Supreme Court Rejects Income Tax Dept Plea Against Adani Power [Read Judgement]")
Budget 2026 Outlook: High Expectations of Income Tax Rationalisation from Nirmala Sitharaman; Crucial Dates to Watch
Expectation on the budget 2026: In less than a week, Finance Minister Nirmala Sitharaman is going to present the Union Budget 2026. Surprisingly, the budget will be tabled on a Sunday, a...
Bona Fide Lease Rental Claim based on AS-19 No Ground for Penalty: ITAT Quashes ₹30 Cr Levy on Axis Bank [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, quashed the penalty imposed on Axis Bank under section 271(1)(c) of the Income Tax Act, 1961, for furnishing inaccurate particulars of...
![Bona Fide Lease Rental Claim based on AS-19 No Ground for Penalty: ITAT Quashes ₹30 Cr Levy on Axis Bank [Read Order]](https://images.taxscan.in/h-upload/2026/01/24/500x300_2121675-bona-fide-lease-rental-claim-taxscan.webp "Bona Fide Lease Rental Claim based on AS-19 No Ground for Penalty: ITAT Quashes ₹30 Cr Levy on Axis Bank [Read Order]")
Delhi HC Dismisses Income Tax Dept’s Review Pleas Against Direction to Process Bechtel’s Returns [Read Order]
In a recent decision, the Delhi High Court dismissed the Income Tax Department’s review petitions against its earlier order directing the Department to process the income tax returns. The court...
![Delhi HC Dismisses Income Tax Dept’s Review Pleas Against Direction to Process Bechtel’s Returns [Read Order]](https://images.taxscan.in/h-upload/2026/01/23/500x300_2121595-delhi-high-court-income-tax-taxscan.jfif "Delhi HC Dismisses Income Tax Dept’s Review Pleas Against Direction to Process Bechtel’s Returns [Read Order]")
Employee Cannot Be Denied TDS Credit Due to Kingfisher Airlines’ Default in Depositing Tax: Delhi HC [Read Order]
In a recent ruling, the Delhi High Court held that an employee cannot be denied TDS credit only because Kingfisher Airlines failed to deposit the tax deducted from the employee salary. ...
![Employee Cannot Be Denied TDS Credit Due to Kingfisher Airlines’ Default in Depositing Tax: Delhi HC [Read Order]](https://images.taxscan.in/h-upload/2026/01/23/500x300_2121572-employee-cannot-be-denied-tds-credit-due-to-kingfisher-airlines-default-in-depositing-tax-delhi-hc-taxscan.webp "Employee Cannot Be Denied TDS Credit Due to Kingfisher Airlines’ Default in Depositing Tax: Delhi HC [Read Order]")
Amendment to S.80HHC of Income Tax Act Cannot be applied Retrospectively: Delhi HC Quashes Notices u/s 147/148 [Read Order]
In a recent ruling, the Delhi High Court, reinforcing taxpayer certainty and limits on retrospective taxation, quashed a reassessment notice issued to a petitioner, holding that the reopening of...
![Amendment to S.80HHC of Income Tax Act Cannot be applied Retrospectively: Delhi HC Quashes Notices u/s 147/148 [Read Order]](https://images.taxscan.in/h-upload/2026/01/22/500x300_2121432-delhi-high-court-income-tax-act-reassessment-notice-delhi-hc-quashes-notices-income-tax-reassessment-taxscan.webp "Amendment to S.80HHC of Income Tax Act Cannot be applied Retrospectively: Delhi HC Quashes Notices u/s 147/148 [Read Order]")