Mansi Yadav
![Failure to Adhere to Surviving Time Limit under TOLA Renders Reassessment Proceedings u/s 148 Void: ITAT Quashes Assessment Orders [Read Order]](https://images.taxscan.in/h-upload/2026/01/03/500x300_2116946-failure-adhere-surviving-time-limit-under-tola-renders-reassessment-proceedings.webp "Failure to Adhere to Surviving Time Limit under TOLA Renders Reassessment Proceedings u/s 148 Void: ITAT Quashes Assessment Orders [Read Order]")
Failure to Adhere to Surviving Time Limit under TOLA Renders Reassessment Proceedings u/s 148 Void: ITAT Quashes Assessment Orders [Read Order]
The Income Tax Appellate Tribunal (ITAT) Bench at Ahmedabad has quashed reassessment proceedings for Assessment Years 2015-16, 2016-17 and 2017-18...
![Full Settlement: NCLT Approves Resolution Plan with 100% Voting Share from Creditors [Read Order]](https://images.taxscan.in/h-upload/2026/01/02/250x150_2116658-full-settlement-nclt-approves-resolution-plan-with-100-voting-share-from-creditors.webp "Full Settlement: NCLT Approves Resolution Plan with 100% Voting Share from Creditors [Read Order]")
![Contractual Cure Periods Do Not Shift the Date of Default for Section 10A Purposes: NCLAT [Read Order]](https://images.taxscan.in/h-upload/2026/01/01/250x150_2116493-contractual-cure-periods-do-not-shift-date-default-section-10a-purposes-nclat-taxscan.webp "Contractual Cure Periods Do Not Shift the Date of Default for Section 10A Purposes: NCLAT [Read Order]")
![NCLAT allows Correction Application, Orders Correction of Errors in Previous Order Pertaining to CIRP Status and Pending High Court Litigation [Read Order]](https://images.taxscan.in/h-upload/2026/01/01/250x150_2116477-nclat-allows-correction-application-orders-correction-errors-previous-order-pertaining-cirp-status-pending-high-court-litigation-taxscan.webp "NCLAT allows Correction Application, Orders Correction of Errors in Previous Order Pertaining to CIRP Status and Pending High Court Litigation [Read Order]")
![ITAT Holds PLR Applicable for Benchmarking Interest on Rupee-Denominated CCDs, Deletes ₹9.35 Crore TP Adjustment [Read Order]](https://images.taxscan.in/h-upload/2026/01/01/250x150_2116531-itat-holds-plr-applicable-for-benchmarking-taxscan.webp "ITAT Holds PLR Applicable for Benchmarking Interest on Rupee-Denominated CCDs, Deletes ₹9.35 Crore TP Adjustment [Read Order]")
ITAT Restricts Commission Income to 0.15% for Accommodation Entry Provider, Deletes S. 68 Additions [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that where an assessee is found to be merely an accommodation entry provider, the entire bank credits cannot be brought to tax ...
![ITAT Restricts Commission Income to 0.15% for Accommodation Entry Provider, Deletes S. 68 Additions [Read Order]](https://images.taxscan.in/h-upload/2026/01/01/500x300_2116509-itat-restricts-commission-income-015-for-accommodation-taxscan.jfif "ITAT Restricts Commission Income to 0.15% for Accommodation Entry Provider, Deletes S. 68 Additions [Read Order]")
NCLAT Refuses Condonation of Delay in Share Transfer Dispute, Holds S. 14 Inapplicable after Dismissal of Civil Suit [Read Order]
The National Company Law Appellate Tribunal (NCLAT) Bench at Chennai, has dismissed an appeal challenging the rejection of an application filed under Section 59 of the Companies Act, 2013, holding...
![NCLAT Refuses Condonation of Delay in Share Transfer Dispute, Holds S. 14 Inapplicable after Dismissal of Civil Suit [Read Order]](https://images.taxscan.in/h-upload/2026/01/01/500x300_2116526-nclat-condonation-delay-share-transfer-dispute-holds-civil-suit-taxscan.webp "NCLAT Refuses Condonation of Delay in Share Transfer Dispute, Holds S. 14 Inapplicable after Dismissal of Civil Suit [Read Order]")
NCLAT Rejects Appeal to Revive Belated Claim Post-Resolution Plan Approval Due to Contradictory Documents and Lack of Payment Proof [Read Order]
The National Company Law Appellate Tribunal (NCLAT), Principal Bench at New Delhi, has dismissed an appeal challenging the rejection of a claim seeking recognition as a financial creditor in a...
![NCLAT Rejects Appeal to Revive Belated Claim Post-Resolution Plan Approval Due to Contradictory Documents and Lack of Payment Proof [Read Order]](https://images.taxscan.in/h-upload/2026/01/01/500x300_2116487-nclat-rejects-appeal-revive-belated-cliam-post-resolution-plan-approval-due-contradictory-documents-lack-payment-proof-taxscan.webp "NCLAT Rejects Appeal to Revive Belated Claim Post-Resolution Plan Approval Due to Contradictory Documents and Lack of Payment Proof [Read Order]")
PCIT found to have Erred in Exercising Revisionary Powers u/s 263: ITAT sets aside Revisionary Order [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has set aside the revisionary order under Section 263 of theIncome-tax Act, 1961, holding that the Principal Commissioner of Income Tax ...
![PCIT found to have Erred in Exercising Revisionary Powers u/s 263: ITAT sets aside Revisionary Order [Read Order]](https://images.taxscan.in/h-upload/2026/01/01/500x300_2116500-exercising-revisionary-powers-itat-revisionary-order-taxscan.webp "PCIT found to have Erred in Exercising Revisionary Powers u/s 263: ITAT sets aside Revisionary Order [Read Order]")
ITAT Restores Rectification Appeal u/s 154 to CIT(A) to Avoid Multiplicity, Orders Re-evaluation of Capital Gain Addition [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has restored an appeal to the Commissioner of Income Tax (Appeals) after holding that issues arising from a rectification order under ...
![ITAT Restores Rectification Appeal u/s 154 to CIT(A) to Avoid Multiplicity, Orders Re-evaluation of Capital Gain Addition [Read Order]](https://images.taxscan.in/h-upload/2026/01/01/500x300_2116523-itat-restores-rectification-appeal-154-cita-avoid-multiplicity-orders-re-evaluation-capital-gain-addition-taxscan.webp "ITAT Restores Rectification Appeal u/s 154 to CIT(A) to Avoid Multiplicity, Orders Re-evaluation of Capital Gain Addition [Read Order]")
Approval for S. 148 Notice by Incompetent Authority renders Re-assessment Void ab initio: ITAT Quashes Assessment [Read Order]
The Delhi Bench of the Income Tax AppellateTribunal (ITAT) has quashed reassessment proceedings for two assessment years after holding the notices under Section 148 invalid in law. The Bench regarded...
![Approval for S. 148 Notice by Incompetent Authority renders Re-assessment Void ab initio: ITAT Quashes Assessment [Read Order]](https://images.taxscan.in/h-upload/2026/01/01/500x300_2116478-approval-for-s-148-notice-by-incompetent-authority-renders-re-assessment-void-ab-initio-itat-quashes-assessment-taxscan.webp "Approval for S. 148 Notice by Incompetent Authority renders Re-assessment Void ab initio: ITAT Quashes Assessment [Read Order]")
Only Profit Element Taxable in Bogus Purchase Cases : ITAT Reduces Gross Profit Addition to 11% [Read Order]
The Income Tax Appellate Tribunal (ITAT) Bench at New Delhi has held that in cases involving alleged bogus purchases obtained through accommodation entries, only the profit element can be brought to...
![Only Profit Element Taxable in Bogus Purchase Cases : ITAT Reduces Gross Profit Addition to 11% [Read Order]](https://images.taxscan.in/h-upload/2026/01/01/500x300_2116504-only-profit-element-taxable-in-bogus-purchase-cases-itat-reduces-gross-profit-addition.webp "Only Profit Element Taxable in Bogus Purchase Cases : ITAT Reduces Gross Profit Addition to 11% [Read Order]")