![Calcutta HC Orders Advance Ruling Board to Quickly decide on Joint Ventures Taxation as Revised ITR Filing Deadline Approaches [Read Order]](https://images.taxscan.in/h-upload/2025/12/06/500x300_2110474-taxation-revised-itr-filing-deadline-taxscan.webp "Calcutta HC Orders Advance Ruling Board to Quickly decide on Joint Ventures Taxation as Revised ITR Filing Deadline Approaches [Read Order]")
Calcutta HC Orders Advance Ruling Board to Quickly decide on Joint Ventures Taxation as Revised ITR Filing Deadline Approaches [Read Order]
In a recent ruling, the Calcutta High Court directed the Board for Advance Rulings to expedite its decision on the petitioner’s clarification...
![Big Win for Actor Yash: Karnataka HC Confirms ‘Searched Person’ Status, Quashes Order Passed u/s 153C Without Incriminating Material [Read Order]](https://images.taxscan.in/h-upload/2025/12/08/250x150_2110854-actor-yash-karnataka-hc-taxscan.jfif "Big Win for Actor Yash: Karnataka HC Confirms ‘Searched Person’ Status, Quashes Order Passed u/s 153C Without Incriminating Material [Read Order]")
![Relief for Lalitha Jewellery: Madras HC Quashes ₹51 Crore Unexplained Cash Credits Addition due to Uncorroborated Search Statements [Read Order]](https://images.taxscan.in/h-upload/2025/12/06/250x150_2110523-lalitha-jewellery-madras-hc-cash-credits-uncorroborated-search-statement-taxscan.webp "Relief for Lalitha Jewellery: Madras HC Quashes ₹51 Crore Unexplained Cash Credits Addition due to Uncorroborated Search Statements [Read Order]")
![Balance Sheet Acknowledgement Binds Guarantor u/s 128 Contract Act: NCLAT Sets Aside NCLT’s Limitation Bar in SBIs Section 95 Petition [Read Order]](https://images.taxscan.in/h-upload/2025/11/29/250x150_2108719-nclat-taxscan.jfif "Balance Sheet Acknowledgement Binds Guarantor u/s 128 Contract Act: NCLAT Sets Aside NCLT’s Limitation Bar in SBIs Section 95 Petition [Read Order]")
![ITAT Remands 26AS Mismatch to AO for Verification of Actual Receipts and TDS Credits for Accurate Income Reporting [Read Order]](https://images.taxscan.in/h-upload/2025/11/29/250x150_2108711-itat-directs-re-adjudication-taxscan.webp "ITAT Remands 26AS Mismatch to AO for Verification of Actual Receipts and TDS Credits for Accurate Income Reporting [Read Order]")
ITAT Upholds Assessee’s Consistent 70:30 Allocation of Sales Promotion and Financial Expenses Between Revenue and Capital Work-in-Progress [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) allowed the appeal on the issue of sales promotion and financial expenses after noting that the assessee had consistently followed a...
![ITAT Upholds Assessee’s Consistent 70:30 Allocation of Sales Promotion and Financial Expenses Between Revenue and Capital Work-in-Progress [Read Order]](https://images.taxscan.in/h-upload/2025/11/29/500x300_2108710-itat-assessee-sales-promotion-financial-expenses-revenue-capital-taxscan.webp "ITAT Upholds Assessee’s Consistent 70:30 Allocation of Sales Promotion and Financial Expenses Between Revenue and Capital Work-in-Progress [Read Order]")
AO Must Re-Examine Income After Considering Stock Records: ITAT Remands Addition Based on Survey Statement [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) remanded the addition made during assessment, holding that the Assessing Officer (AO) had relied only on the assessee’s statement during...
![AO Must Re-Examine Income After Considering Stock Records: ITAT Remands Addition Based on Survey Statement [Read Order]](https://images.taxscan.in/h-upload/2025/12/07/500x300_2110733-ao-re-examine-income-considering-stock-records-itat-remands-survey-statement-taxscan.jfif "AO Must Re-Examine Income After Considering Stock Records: ITAT Remands Addition Based on Survey Statement [Read Order]")
ITAT Upholds 153C Assessments but Deletes Cash Payment Additions for Lack of Corroboration and No Cross-Examination [Read Order]
ITAT Deletes Cash Additions for Lack of Proof while Upholding 153C Assessments The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) partly allowed four appeals filed by Akhraj...
![ITAT Upholds 153C Assessments but Deletes Cash Payment Additions for Lack of Corroboration and No Cross-Examination [Read Order]](https://images.taxscan.in/h-upload/2025/11/29/500x300_2108707-cash-payment-taxscan.jfif "ITAT Upholds 153C Assessments but Deletes Cash Payment Additions for Lack of Corroboration and No Cross-Examination [Read Order]")
Advance Payment for Scrap Sale Qualifies as Operational Debt u/s 5(21): NCLAT Upholds CIRP Admission [Read Order]
The National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, has upheld the admission of a Section 9 petition against the respondent holding that the advance payment for scrap...
![Advance Payment for Scrap Sale Qualifies as Operational Debt u/s 5(21): NCLAT Upholds CIRP Admission [Read Order]](https://images.taxscan.in/h-upload/2025/11/29/500x300_2108735-operational-debt-taxscan.jfif "Advance Payment for Scrap Sale Qualifies as Operational Debt u/s 5(21): NCLAT Upholds CIRP Admission [Read Order]")
ED Attachment Not Verified: NCLAT says NCLT Committed ‘Manifest Illegality’, Directs Fresh Inquiry [Read Order]
The National Company Law Appellate Tribunal (NCLAT) has set aside an order passed by the National Company Law Tribunal (NCLT), Mumbai, and remanded the matter for fresh consideration, holding that ...
![ED Attachment Not Verified: NCLAT says NCLT Committed ‘Manifest Illegality’, Directs Fresh Inquiry [Read Order]](https://images.taxscan.in/h-upload/2025/12/07/500x300_2110726-ed-attachment-verified-nclat-nclt-committed-manifest-illegality-directs-fresh-inquiry-taxscan.webp "ED Attachment Not Verified: NCLAT says NCLT Committed ‘Manifest Illegality’, Directs Fresh Inquiry [Read Order]")
ITAT Sets Aside ₹6.90 Cr Share Premium Addition for Non-Consideration of Assessee’s Evidence [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal ( ITAT ) set aside the addition of ₹6,90,45,000 made under Section 68 of the Income Tax Act, 1961, holding that both the Assessing Officer...
![ITAT Sets Aside ₹6.90 Cr Share Premium Addition for Non-Consideration of Assessee’s Evidence [Read Order]](https://images.taxscan.in/h-upload/2025/11/29/500x300_2108701-itat-premium-addition-non-consideration-assessee-evidence-taxscan.webp "ITAT Sets Aside ₹6.90 Cr Share Premium Addition for Non-Consideration of Assessee’s Evidence [Read Order]")
![NCLAT upholds ₹36.53 Crore Liability against Former Directors in Fraudulent Trading Case [Read Order]](https://images.taxscan.in/h-upload/2025/12/07/500x300_2110721-nclat-upholds-liability-former-directors-fraudulent-trading-case.webp "NCLAT upholds ₹36.53 Crore Liability against Former Directors in Fraudulent Trading Case [Read Order]")