ICAI Revises Eligibility Criteria for Empanelment of Industrial Training Organisations
The Members & Students Services Directorate of the Institute of Chartered Accountants of India (ICAI) has announced a revision of the applicable...
![Telangana HC strikes down GST Rule 39(1)(a), Holds Mandatory Same-Month ITC Distribution Ultra Vires [Read Order]](https://images.taxscan.in/h-upload/2026/01/13/2118872-telangana-hc-strikes-down-gst-rule-391a-holds-mandatory-same-month-itc-distribution-ultra-vires-taxscan.webp "Telangana HC strikes down GST Rule 39(1)(a), Holds Mandatory Same-Month ITC Distribution Ultra Vires [Read Order]")
![GST Notifications Extending Limitation u/s 168A Stand Vitiated and Illegal: Madras HC Sets Aside Assessment Order [Read Order]](https://images.taxscan.in/h-upload/2026/01/13/2118868-madras-high-court-gst-ruling-taxscan.webp "GST Notifications Extending Limitation u/s 168A Stand Vitiated and Illegal: Madras HC Sets Aside Assessment Order [Read Order]")
![AO Cannot make Additions on Issues Unrelated to Recorded Reopening Reasons: ITAT [Read Order]](https://images.taxscan.in/h-upload/2026/01/13/2118743-itat-mumbai-reopening-reasons-reopening-of-assessment-income-tax-reassessment-recorded-reasons-itat-reassessment-judgment-recorded-reopening-reasons-taxscan.webp "AO Cannot make Additions on Issues Unrelated to Recorded Reopening Reasons: ITAT [Read Order]")
![STT-Paid STCL Set-Off allowed against 30% STCG Despite 15% Rate: ITAT Quashes Denial [Read Order]](https://images.taxscan.in/h-upload/2026/01/13/2118761-stt-stcl-set-off-allowed-against-stcg-despite-rate-itat-quashes-denial-taxscan.webp "STT-Paid STCL Set-Off allowed against 30% STCG Despite 15% Rate: ITAT Quashes Denial [Read Order]")
Schedule BP Adjustment Ignored: ITAT Sets Aside ₹33.83 Cr Disallowance u/s. 37 & MAT Addition u/s. 115JB [Read Order]
set aside a disallowance of ₹33.83 crore made under Section 37 of the Income TaxAct, 1961, along with the corresponding addition to book profits under Section 115JB, after noting that the Assessing...
![Schedule BP Adjustment Ignored: ITAT Sets Aside ₹33.83 Cr Disallowance u/s. 37 & MAT Addition u/s. 115JB [Read Order]](https://images.taxscan.in/h-upload/2026/01/13/2118745-schedule-bp-adjustment-ignored-taxscan.webp "Schedule BP Adjustment Ignored: ITAT Sets Aside ₹33.83 Cr Disallowance u/s. 37 & MAT Addition u/s. 115JB [Read Order]")
Date of Share Transfer Determines “Holding Period”, Not Allotment Date: ITAT allows LTCG Exemption [Read Order]
The Mumbai Bench, Income Tax Appellate Tribunal (ITAT) held that for the purpose of determining the “holding period” of shares concerning eligibility for long-term capital gains (LTCG) exemption,...
![Date of Share Transfer Determines “Holding Period”, Not Allotment Date: ITAT allows LTCG Exemption [Read Order]](https://images.taxscan.in/h-upload/2026/01/13/2118753-date-share-transfer-holding-period-allotment-itat-ltcg-exemption-taxscan.webp "Date of Share Transfer Determines “Holding Period”, Not Allotment Date: ITAT allows LTCG Exemption [Read Order]")
Multiple Cheques from Same Transaction can give Rise to Separate S. 138 NI Act Prosecutions: Supreme Court [Read Order]
In a recent ruling, the Supreme Court held that multiple cheques issued in relation to the same transaction can give rise to separate prosecutions under Section 138 of the Negotiable Instruments Act,...
![Multiple Cheques from Same Transaction can give Rise to Separate S. 138 NI Act Prosecutions: Supreme Court [Read Order]](https://images.taxscan.in/h-upload/2026/01/13/2118732-multiple-cheques-same-transaction-give-rise-separate.webp "Multiple Cheques from Same Transaction can give Rise to Separate S. 138 NI Act Prosecutions: Supreme Court [Read Order]")
![Brought-Forward Losses Cannot be Set Off against DTAA-Exempt LTCG: ITAT Bars Adjustment [Read Order]](https://images.taxscan.in/h-upload/2026/01/13/2118727-brought-forward-losses-cannot-be-set-off-against-dtaa-exempt-ltcg-taxscan.webp "Brought-Forward Losses Cannot be Set Off against DTAA-Exempt LTCG: ITAT Bars Adjustment [Read Order]")
Chilly Seeds for Sowing Classified Under CTH 1209, Not CTH 0904: CESTAT Rules Chemical-Treated Seeds Not Classifiable as Spices [Read Order]
The Principal Bench of Customs, Excise & Service Tax Appellate Tribunal (CESTAT) at New Delhi, held that chilly seeds imported solely for sowing are classifiable under CTH 1209 and not under...
![Chilly Seeds for Sowing Classified Under CTH 1209, Not CTH 0904: CESTAT Rules Chemical-Treated Seeds Not Classifiable as Spices [Read Order]](https://images.taxscan.in/h-upload/2026/01/10/2118250-chilly-seeds-sowing-classified-under-cth-1209-cth-0904-cestat-rules-chemical-treated-seeds-not-classifiable-as-spices-taxscan.webp "Chilly Seeds for Sowing Classified Under CTH 1209, Not CTH 0904: CESTAT Rules Chemical-Treated Seeds Not Classifiable as Spices [Read Order]")