NFRA to complete 10 audit firm inspections in FY26, exploring Al to boost oversight
NFRA chairperson Nitin Gupta has said NFRA plans to complete inspections of 10 audit firms in FY26 described as the highest annual number in NFRA’s...
![Supreme Court Upholds Odisha Entry Tax Act in Tata Sponge Iron Case, Refuses to Reopen Constitutional Challenge [Read Order]](https://images.taxscan.in/h-upload/2026/01/28/2122279-supreme-court-upholds-odisha-entry-tax-act-tata-sponge-iron-case-refuses-to-reopen-constitutional-challeng-taxscan.webp "Supreme Court Upholds Odisha Entry Tax Act in Tata Sponge Iron Case, Refuses to Reopen Constitutional Challenge [Read Order]")
![FT&TR Reference under India-Hong Kong Tax Treaty Not Permissible for Pre-2019 Taxable Events to Extend Limitation: Delhi HC [Read Order]](https://images.taxscan.in/h-upload/2026/01/28/2122241-fttr-reference-delhi-high-court-taxscan.jfif "FT&TR Reference under India-Hong Kong Tax Treaty Not Permissible for Pre-2019 Taxable Events to Extend Limitation: Delhi HC [Read Order]")
![CAG Officer Conducted Unauthorised Audits by Impersonating Superior Officer: Delhi HC Upholds Dismissal [Read Order]](https://images.taxscan.in/h-upload/2026/01/28/2122267-cag-officer-conducted-unauthorised-audits-impersonating-superior-officer-taxscan.webp "CAG Officer Conducted Unauthorised Audits by Impersonating Superior Officer: Delhi HC Upholds Dismissal [Read Order]")
![Consolidated Approval Without Proper Scrutiny u/s 153D Invalidates Search Assessments: ITAT [Read Order]](https://images.taxscan.in/h-upload/2026/01/28/2122247-consolidated-approval-without-proper-scrutiny-us-153d-invalidates-search-assessments-itat-taxscan.webp "Consolidated Approval Without Proper Scrutiny u/s 153D Invalidates Search Assessments: ITAT [Read Order]")
Cash Payment for Joint Flat Bought with Wife Explained through Bank Records: ITAT Deletes ₹5.25 Lakh Income Tax Addition [Read Order]
The Income Tax Appellate Tribunal (“ITAT”) deleted income tax addition of ₹5.25 Lakh for purchasing a flat with his wife (jointly) after reviewing bank records. The tribunal observed that the cash...
![Cash Payment for Joint Flat Bought with Wife Explained through Bank Records: ITAT Deletes ₹5.25 Lakh Income Tax Addition [Read Order]](https://images.taxscan.in/h-upload/2026/01/28/2122252-itat-surat-joint-flat-bought-with-wife-joint-property-flat-purchase-itat-deletes-income-tax-addition-cash-payment-for-flat-purchase-joint-flat-with-wife-tax-case-property-purchase-tax-dispute-taxscan.webp "Cash Payment for Joint Flat Bought with Wife Explained through Bank Records: ITAT Deletes ₹5.25 Lakh Income Tax Addition [Read Order]")
Airline Liable to Deduct TDS on Supplementary Commission Paid to Travel Agents, Revenue Can Recover Interest Only if Agents Paid Tax: Delhi HC [Read Judgment]
In a recent ruling, the Delhi High Court held that airlines are required to deduct tax at source on supplementary commission paid to travel agents under Section194H of the Income Tax Act. The Court...
![Airline Liable to Deduct TDS on Supplementary Commission Paid to Travel Agents, Revenue Can Recover Interest Only if Agents Paid Tax: Delhi HC [Read Judgment]](https://images.taxscan.in/h-upload/2026/01/28/2122240-airline-liable-deduct-tds-supplementary-commission-paid-travel-agents-revenue-can-recover-interest-only-agents-paid-tax-delhi-hc-taxscan.webp "Airline Liable to Deduct TDS on Supplementary Commission Paid to Travel Agents, Revenue Can Recover Interest Only if Agents Paid Tax: Delhi HC [Read Judgment]")
Relief to Honda India: ITAT quashes Income Tax Assessment Order passed beyond Limitation Period u/s 144C [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench quashed an assessment order passed by Assessment officer (AO) against Honda India Power Products Ltd, and held that the assessment order was...
![Relief to Honda India: ITAT quashes Income Tax Assessment Order passed beyond Limitation Period u/s 144C [Read Order]](https://images.taxscan.in/h-upload/2026/01/28/2122242-relief-honda-india-itat-quashes-income-tax-assessment-order-taxscan.webp "Relief to Honda India: ITAT quashes Income Tax Assessment Order passed beyond Limitation Period u/s 144C [Read Order]")
Grant of Mining Rights is Exercise of Sovereign Function, Covered Under Negative List: CESTAT [Read Order]
In a recent ruling, the Principal Delhi Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) held that grant of mining rights by the Government was an exercise of sovereign...
![Grant of Mining Rights is Exercise of Sovereign Function, Covered Under Negative List: CESTAT [Read Order]](https://images.taxscan.in/h-upload/2026/01/28/2122214-grant-mining-rights-exercise-sovereign-function-negative-list-cestat-taxscan.webp "Grant of Mining Rights is Exercise of Sovereign Function, Covered Under Negative List: CESTAT [Read Order]")
Municipal Property Tax Dues Recognised as Secured Claims In Liquidation: NCLAT Holds KMC as a Secured Creditor [Read Order]
The National Company Law Appellate Tribunal (NCLAT)has clarified that municipal property tax dues, when secured by a statutory charge under the governing municipal law, have to be treated as a secured...
![Municipal Property Tax Dues Recognised as Secured Claims In Liquidation: NCLAT Holds KMC as a Secured Creditor [Read Order]](https://images.taxscan.in/h-upload/2026/01/28/2122230-municipal-property-tax-dues-recognised-secured-claims-liquidation-nclat.webp "Municipal Property Tax Dues Recognised as Secured Claims In Liquidation: NCLAT Holds KMC as a Secured Creditor [Read Order]")
TLPL’s Insolvency No Bar To Akash’s Share Capital Increase: NCLAT Affirms Corporate Separateness [Read Order]
In a recent ruling National Company Law Tribunal (NCLAT) has held that the insolvency of Think and Learn Pvt. Ltd( TLPL) does not restrict Akash Education Services Ltd from increasing its share...
![TLPL’s Insolvency No Bar To Akash’s Share Capital Increase: NCLAT Affirms Corporate Separateness [Read Order]](https://images.taxscan.in/h-upload/2026/01/28/2122232-tlpls-insolvency-no-bar-to-akashs-share-capital-increase-taxscan.webp "TLPL’s Insolvency No Bar To Akash’s Share Capital Increase: NCLAT Affirms Corporate Separateness [Read Order]")