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ITAT Grants S. 50C Proviso relief where Advance Received by Cheque Before Sale Deed Registration [Read Order]

The Chandigarh Bench of the Income Tax Appellate Tribunal ( ITAT ) held that where part of the sale consideration was received through bank account or...

Repayment of Director’s own Deposit Not Deemed Dividend: ITAT Deletes ₹25L addition u/s 2(22)(e)...

Unjust Enrichment in GST Refunds: Practical Evidence for Passing/Not Passing Incidence

Unauthenticated Electronic Data And Private Records Cannot Prove Clandestine Removal: CESTAT [Read...

Commission on Services to Foreign Universities Not ‘Intermediary Service’ under Rule 2(f): CESTAT...

ITAT Deletes Additions Made Solely on Basis of Third-Party Information, Grants Relief to Assessee

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has deleted additions made solely on third-party information without independent verification by the Assessing Officer, finding it ...

‘Possibility’ of Email/SMS Notice of GST order Not Conclusive: Calcutta HC orders Fresh Consideration [Read Order]

The Calcutta High Court held that a mere “possibility” that an assessee may have received an SMS/email alert regarding a GST ( Goods and Services tax ) adjudication order is not conclusive proof of...

Penalty for ‘Inaccurate Particulars’ Sustained: ITAT upholds ₹12.45 Lakh Levy on Stock Broker [Read Order]

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has upheld the levy of penalty under Section 271(1)(c) of the Income Tax Act, 1961, holding that the charge of furnishing inaccurate...

Form 10BB Requirement is Directory, Not Mandatory: ITAT Holds Late Filing Cannot Deny S. 11 Exemption [Read Order]

The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) has held that delay in filing the audit report in Form 10BB cannot be used as a ground to deny exemption under Section 11 of the Income...

Recovery Beyond 20% of Disputed IT Demand Held Unfair During Appeal Stage: Calcutta HC Orders Refund [Read Order]

The Calcutta High Court, in a recent case, has affirmed the principle that recovery of a disputed tax demand during the pendency of an appeal cannot exceed 20% of the demand. The case arose from...

Annual Tax & Corporate Law Digest 2025: Complete High Court Cases (Part 1)

Under declaration of Ineligible ITC: Madras HC directs to lift Bank Account proceedings on 10% Pre-deposit Sri PratyangiraLogistics vs The State Tax Officer CITATION: 2025 TAXSCAN ...

Revenue Cannot Rely on Call Book to Justify 9-Year Delay: Bombay HC Quashes Excise SCNs Linked to NPV Sales Tax Retention [Read Order]

In a recent ruling, the Bombay High Court observed that the Revenue could not rely on the Call Book to justify a delay of nearly nine years in adjudicating Excise show cause notices, as it defeats...