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Survey Statement alone cannot Justify Bogus Purchase Additions: ITAT Deletes ₹3.60 Cr Addition u/s 68 [Read Order]

The Pune Bench of the Income Tax Appellate Tribunal (ITAT) has held that additions under Section 68 of the Income Tax Act, 1961 cannot be sustained...

ITAT Upholds Deletion of S.68 Share Premium Addition for 14 Investors as Verification Compliance...

No Escapement of Income Where Tax Paid on Consolidated Profits: ITAT Quashes ₹16.06 Cr Double...

Illness of Firm's Partner is Sufficient Cause for Condonation of Delay: Calcutta HC Quashes GST...

Composite Sale Notice u/r 8(6) of Security Interest (Enforcement) Rules Validly Served: DRAT Upholds...

Annual Income Tax Case Digest: ITAT Decisions 2025 [Part XI]

This annual round-up analytically summarizes the key Direct Tax-Income Tax rulings of the Income Tax Appellate Tribunal (ITAT) reported on Taxscan.in in 2025. CIT(A) Obligated to Dispose Off ...

Annual Income Tax Case Digest: ITAT Decisions 2025 [Part X]

ITAT Gives Taxpayer Second Chance to Prove ₹50 Lakh Property Purchase SourceMiteshkumar Dhanjibhai Patel vsIncome Tax Officer CITATION : 2025 TAXSCAN (ITAT) 1505The Income Tax Appellate Tribunal...

COFEPOSA Detention Sustained: Karnataka HC Rejects Habeas Corpus Plea in ₹12.56 Crore Gold Smuggling Case [Read Order]

The Karnataka High Court has upheld a preventive detention order passed under the Conservation of Foreign Exchange and Prevention of Smuggling Activities Act, 1974 (COFEPOSA), refusing to interfere...

Assessment Void Without Jurisdictional 143(2) Notice: ITAT Quashes ₹1.11 Cr Share Premium Addition u/s 68 [Read Order]

The Kolkata Bench of Income Tax Appellate Tribunal (ITAT) ruled that an assessment framed without issuance of a mandatory notice under Section 143(2) of the Income Tax Act, 1961 by the...

Date of Default Not Mandatory in Invoice-Based Demand Notice: NCLAT Sets Aside Section 9 Rejection [Read Order]

The Chennai Bench of National Company Law Appellate Tribunal (NCLAT) clarified that a specific date of default was not mandatory in Form-4 invoice-based demand notices under Section 9 of the IBC,...

CA Members' Data Protection: CAAS writes ICAI to Not to Publish Members’ Directory due to Cyber Risks

The Chartered Accountant Association of Surat has written to Institute of Chartered Accountants of India ( ICAI ) to not publish the directory of members either in physical or freely accessible way...

Kotak Mahindra Bank’s Negligence in Serving Auction Notice Voids Sale: DRAT upholds 9% Interest Refund to Purchaser [Read Order]

The Debts Recovery Appellate Tribunal (DRAT), Kolkata, has dismissed an appeal filed by Kotak Mahindra Bank Ltd., thereby affirming the order of the Debts Recovery Tribunal (DRT), Visakhapatnam, which...

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