![Full Settlement: NCLT Approves Resolution Plan with 100% Voting Share from Creditors [Read Order]](https://images.taxscan.in/h-upload/2026/01/01/500x300_2116451-full-settlement-nclt-approves-resolution-plan.webp "Full Settlement: NCLT Approves Resolution Plan with 100% Voting Share from Creditors [Read Order]")
Full Settlement: NCLT Approves Resolution Plan with 100% Voting Share from Creditors [Read Order]
The Mumbai Bench of the National Company Law Tribunal (NCLT) has approved a resolution plan, bringing the corporate insolvency resolution process to a...
![Mechanical 145A Addition Set Aside: ITAT Rules Profit-Neutral MODVAT Adjustment Can’t Trigger Tax [Read Order]](https://images.taxscan.in/h-upload/2025/12/27/250x150_2115310-mechanical-145a-addition-set-aside-itat-rules-profit-neutral-modvat-adjustment-cant-trigger-tax-taxscan.webp "Mechanical 145A Addition Set Aside: ITAT Rules Profit-Neutral MODVAT Adjustment Can’t Trigger Tax [Read Order]")
![No S.68 Addition on Sale of Inherited Jewellery Backed by Valuation Report: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/12/27/250x150_2115289-no-s68-addition-sale-inherited-jewellery-backed-valuation-report-itat-taxscan.webp "No S.68 Addition on Sale of Inherited Jewellery Backed by Valuation Report: ITAT [Read Order]")
![Annual Income Tax Case Digest: ITAT Decisions 2025 [Part XI]](https://images.taxscan.in/h-upload/2025/12/25/500x300_2114724-annual-income-tax-case-digest-itat-decisions-2025-part-xi-taxscan.jfif "Annual Income Tax Case Digest: ITAT Decisions 2025 [Part XI]")
Penalty on CHA Not Sustainable When Classification Dispute is Settled in Favour of Importer and No Misdeclaration is Established: CESTAT [Read Order]
The Mumbai Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) ruled that penalty on a Customs House Agent (CHA) is not sustainable when the classification dispute is settled...
![Penalty on CHA Not Sustainable When Classification Dispute is Settled in Favour of Importer and No Misdeclaration is Established: CESTAT [Read Order]](https://images.taxscan.in/h-upload/2025/12/22/500x300_2113773-penalty-cha-not-sustainable-taxscan.jfif "Penalty on CHA Not Sustainable When Classification Dispute is Settled in Favour of Importer and No Misdeclaration is Established: CESTAT [Read Order]")
CIT(A) Failed to Consider Filed Evidence: ITAT Restores Income Tax Appeal With Cost to PM Relief Fund [Read Order]
The Mumbai Bench Income Tax Appellate Tribunal (ITAT), has set aside an ex-parte order passed by the National Faceless Appeal Centre and restored an income tax appeal for fresh adjudication, observing...
![CIT(A) Failed to Consider Filed Evidence: ITAT Restores Income Tax Appeal With Cost to PM Relief Fund [Read Order]](https://images.taxscan.in/h-upload/2025/12/22/500x300_2113722-cita-failed-consider-filed-evidence-itat-restores-income-tax-appeal-cost-pm-relief-fund-taxscan.webp "CIT(A) Failed to Consider Filed Evidence: ITAT Restores Income Tax Appeal With Cost to PM Relief Fund [Read Order]")
![No 115JB Adjustment for Section 14A: ITAT Upholds CIT(A)s ₹71 Lakh Cap [Read Order]](https://images.taxscan.in/h-upload/2025/12/22/500x300_2113730-no-115jb-adjustment-section-14a-taxscan.jfif "No 115JB Adjustment for Section 14A: ITAT Upholds CIT(A)s ₹71 Lakh Cap [Read Order]")
No Deemed Dividend on Business Advances between Holding and Subsidiary Companies u/s 2(22)(e): ITAT [Read Order]
Section 2(22)(e) applies only to gratuitous loans or advances to shareholders, not to reciprocal and business-related transactions The Income Tax Appellate Tribunal (ITAT), Mumbai Bench,...
![No Deemed Dividend on Business Advances between Holding and Subsidiary Companies u/s 2(22)(e): ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/12/09/500x300_2111154-no-deemed-dividend-business-advances-holding-subsidiary-companies-itat-taxscan-jpg.webp "No Deemed Dividend on Business Advances between Holding and Subsidiary Companies u/s 2(22)(e): ITAT [Read Order]")
ITAT holds Penalty u/s 271(1)(c) Unjustified in Absence of Malafide Intent, rejects Precedent [Read Order]
In a recent ruling, the Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the penalty under Section 271(1)(c) of the Income Tax Act, 1961, was not sustainable as the omission of...
![ITAT holds Penalty u/s 271(1)(c) Unjustified in Absence of Malafide Intent, rejects Precedent [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-penalty-rejects-Precedent-TAXSCAN.jpg "ITAT holds Penalty u/s 271(1)(c) Unjustified in Absence of Malafide Intent, rejects Precedent [Read Order]")
Assessee Entitled to S. 80IA(4)(iii) Deduction as No Violation of Scheme Conditions Found: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the assessee was entitled to a deduction under Section 80IA(4)(iii) of the Income Tax Act, 1961, as no violation of scheme...
![Assessee Entitled to S. 80IA(4)(iii) Deduction as No Violation of Scheme Conditions Found: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Income-Tax-Deduction-1.jpg "Assessee Entitled to S. 80IA(4)(iii) Deduction as No Violation of Scheme Conditions Found: ITAT [Read Order]")