![Inflated Stock Statement to Bank for Higher Cash Credit Amounts to Commercial Immorality: J&K HC Upholds ₹7.7 Lakh Addition [Read Order]](https://images.taxscan.in/h-upload/2026/03/16/2129424-inflated-stock-statement-to-bank-for-higher-cash-credit-amounts-to-commercial-immoralityjpg.webp "Inflated Stock Statement to Bank for Higher Cash Credit Amounts to Commercial Immorality: J&K HC Upholds ₹7.7 Lakh Addition [Read Order]")
Inflated Stock Statement to Bank for Higher Cash Credit Amounts to Commercial Immorality: J&K HC Upholds ₹7.7 Lakh Addition [Read Order]
The High Court of Jammu & Kashmir and Ladakh has held that the practice of declaring higher stock quantities to the banks with the objective of...
![S.16(5) Allows GST ITC Claims for FY 2017-18 to 2020-21 till Nov 30, 2021: Karnataka HC Quashes Demand on Belated GSTR-3B [Read Order]](https://images.taxscan.in/h-upload/2026/03/16/2129418-gst-itc-claims-for-fy-karnataka-hc-quashes-demand-on-belated-gstr-3b-.webp "S.16(5) Allows GST ITC Claims for FY 2017-18 to 2020-21 till Nov 30, 2021: Karnataka HC Quashes Demand on Belated GSTR-3B [Read Order]")
![No Loss in Collection of Taxes, Recorded Sale Transaction in Return of Income: ITAT Notes Sale of Car Already Taxed [Read Order]](https://images.taxscan.in/h-upload/2026/03/16/2129414-car-saslejpg.webp "No Loss in Collection of Taxes, Recorded Sale Transaction in Return of Income: ITAT Notes Sale of Car Already Taxed [Read Order]")
![Relief to Real Estate Company: ITAT Holds Compensation Received for Compulsory Land Acquisition by NHAI Not Taxable [Read Order]](https://images.taxscan.in/h-upload/2026/03/16/2129413-relief-real-estate-company-itat-holds-compensation-received-compulsory-land-acquisition-by-nhai-taxable-.webp "Relief to Real Estate Company: ITAT Holds Compensation Received for Compulsory Land Acquisition by NHAI Not Taxable [Read Order]")
![No Double-Deduction of Bad and Doubtful Debts in Cooperative Bank’s Income Tax Return: ITAT Upholds Deletion of ₹17 Cr Addition [Read Order]](https://images.taxscan.in/h-upload/2026/03/16/2129400-no-double-deduction-of-bad-and-doubtful-debts-in-cooperative-banks-income-tax-return.webp "No Double-Deduction of Bad and Doubtful Debts in Cooperative Bank’s Income Tax Return: ITAT Upholds Deletion of ₹17 Cr Addition [Read Order]")
AO adds 100% of Freight, Legal Professional Expenses u/s 40(a)(i): ITAT orders Reconsideration after Hearing [Read Order]
The Hyderabad Bench of the Income Tax Appellate Tribunal ( ITAT ) has ordered reconsideration of addition of 100% of freight, legal profession and interest expenses underSection 40(a)(i) of Income...
![AO adds 100% of Freight, Legal Professional Expenses u/s 40(a)(i): ITAT orders Reconsideration after Hearing [Read Order]](https://images.taxscan.in/h-upload/2026/03/16/2129402-ao-adds-freight-legal-professional-expenses-itat-orders-reconsideration-hearing-taxscan.webp "AO adds 100% of Freight, Legal Professional Expenses u/s 40(a)(i): ITAT orders Reconsideration after Hearing [Read Order]")
![DRC-01 Summary Cannot Substitute SCN u/s 73 of GST Act, Unsigned Orders Invalid: Gauhati HC [Read Order]](https://images.taxscan.in/h-upload/2026/03/16/2129398-gauhati-high-court-drc-01-gauhati-hc-gst-ruling-drc-01-gst-case-unsigned-gst-order-drc-01-summary-issue-taxscan.webp "DRC-01 Summary Cannot Substitute SCN u/s 73 of GST Act, Unsigned Orders Invalid: Gauhati HC [Read Order]")
Delay in Filing for Revocation of Cancellation of Registration: Gauhati HC Directs Liability of JV to Make Payment of Arrears [Read Order]
The Gauhati High Court directed that the joint venture under the name “Sanjay-Rajendra-JV” is liable to pay arrears as there has been a delay in filing for revocation of cancellation of...
![Delay in Filing for Revocation of Cancellation of Registration: Gauhati HC Directs Liability of JV to Make Payment of Arrears [Read Order]](https://images.taxscan.in/h-upload/2026/03/16/2129390-delay-in-filing-revocation-of-cancellation-registration-gauhati-hc-directs-liability-make-payment-of-arrears.webp "Delay in Filing for Revocation of Cancellation of Registration: Gauhati HC Directs Liability of JV to Make Payment of Arrears [Read Order]")
Discount Offered is not Includible in Assessable Value of Demo Vehicles: CESTAT Rejects Service Tax Appeal [Read Order]
The Customs, Excise and Service Tax AppellateTribunal (CESTAT), Chennai Bench recently held that the discount offered would not be includible in the assessable value of demo vehicles and rejected...
![Discount Offered is not Includible in Assessable Value of Demo Vehicles: CESTAT Rejects Service Tax Appeal [Read Order]](https://images.taxscan.in/h-upload/2026/03/16/2129384-discount-offered-is-not-includible-in-assessable-value-of-demo-vehiclesjpg.webp "Discount Offered is not Includible in Assessable Value of Demo Vehicles: CESTAT Rejects Service Tax Appeal [Read Order]")
After Amalgamation, Transferor Company Cannot Partially Transfer GST ITC & Seek Refund of Balance: Gujarat HC [Read Order]
In a recent ruling, the Gujarat High Court held that after amalgamation, a transferor company cannot transfer only part of its unutilised Input Tax Credit (ITC) to the transferee company and then...
![After Amalgamation, Transferor Company Cannot Partially Transfer GST ITC & Seek Refund of Balance: Gujarat HC [Read Order]](https://images.taxscan.in/h-upload/2026/03/16/2129373-after-amalgamation-transferor-partially-transfer-gst-itc-seek-refund-balance-gujarat-hc-.webp "After Amalgamation, Transferor Company Cannot Partially Transfer GST ITC & Seek Refund of Balance: Gujarat HC [Read Order]")
