![Intermittent Repayments led to Loan Account being a Non Performing Asset: DRT Directs Registry to Prepare Recovery Certificate [Read Order]](https://images.taxscan.in/h-upload/2026/03/02/2127606-intermittent-repayments-led-to-loanjpg.webp "Intermittent Repayments led to Loan Account being a Non Performing Asset: DRT Directs Registry to Prepare Recovery Certificate [Read Order]")
Intermittent Repayments led to Loan Account being a Non Performing Asset: DRT Directs Registry to Prepare Recovery Certificate [Read Order]
The Debts Recovery Tribunal (DRT) - III, Chennai noted that the intermittent repayments eventually led to the loan account turning into a...
![AO Cannot Adopt FMV for Capital Gains while using Book Value for Business Profits: ITAT Clarifies S. 45(2) scope [Read Order]](https://images.taxscan.in/h-upload/2026/03/02/2127595-ao-cannot-adopt-fmv-for-capital-gains-itat-taxscan.webp "AO Cannot Adopt FMV for Capital Gains while using Book Value for Business Profits: ITAT Clarifies S. 45(2) scope [Read Order]")
![IBBI Flags Insolvency Professional for Operating CIRP Account Post-Liquidation, Rejects Procedural Objections [Read Order]](https://images.taxscan.in/h-upload/2026/03/02/2127597-ibbi-flags-insolvency-professional-for-operating-cirp-account-post-liquidationjpg.webp "IBBI Flags Insolvency Professional for Operating CIRP Account Post-Liquidation, Rejects Procedural Objections [Read Order]")
![Parallel Proceedings for Same AY After CIT(A) Set Aside Reassessment: ITAT Sets Aside ₹169.75 Cr Addition u/s 69A Arising from Section 263, Restores Matter to AO [Read Order]](https://images.taxscan.in/h-upload/2026/03/02/2127593-parallel-proceedings-for-same-ay-after-cita-set-aside-reassessmentjpg.webp "Parallel Proceedings for Same AY After CIT(A) Set Aside Reassessment: ITAT Sets Aside ₹169.75 Cr Addition u/s 69A Arising from Section 263, Restores Matter to AO [Read Order]")
₹60 Lakh Loan Addition u/s 68 Deleted as AO Relied on Assumptions, Not Evidence: ITAT Upholds CIT(A) Decision [Read Order]
The Income Tax AppellateTribunal (ITAT) upheld the Commissioner of Income Tax (Appeals) [ CIT(A) ] order, deleting an addition of ₹60 lakh made under Section68 of the Income Tax Act, 1961 and ruling...
![₹60 Lakh Loan Addition u/s 68 Deleted as AO Relied on Assumptions, Not Evidence: ITAT Upholds CIT(A) Decision [Read Order]](https://images.taxscan.in/h-upload/2026/03/02/2127587-itat-upholds-cita-decision-taxscan.webp "₹60 Lakh Loan Addition u/s 68 Deleted as AO Relied on Assumptions, Not Evidence: ITAT Upholds CIT(A) Decision [Read Order]")
![No Fresh Reassessment after 4 years when Facts Were Fully Disclosed: ITAT [Read Order]](https://images.taxscan.in/h-upload/2026/03/02/2127581-itat-4-yearsjpg.webp "No Fresh Reassessment after 4 years when Facts Were Fully Disclosed: ITAT [Read Order]")
S. 197 Certificate at 15% Unsustainable: Delhi HC reduces Income Tax withholding of US Firm Cvent Inc to 2% [Read Order]
The Delhi High Court has held that issuance of a tax withholding certificate underSection 197 of the Income Tax Act, 1961 at the rate of 15% to US-based Cvent Inc. was legally unsustainable, and...
![S. 197 Certificate at 15% Unsustainable: Delhi HC reduces Income Tax withholding of US Firm Cvent Inc to 2% [Read Order]](https://images.taxscan.in/h-upload/2026/03/02/2127571-income-tax-withholding-of-us-firm-cvent-inc-to-2-taxscan.webp "S. 197 Certificate at 15% Unsustainable: Delhi HC reduces Income Tax withholding of US Firm Cvent Inc to 2% [Read Order]")
Failure to Repay SBI Car Loan: DRT Orders Repayment with 11.25% Interest, Upholds Right to Sell Hypothecated Vehicle for Recovery [Read Order]
The Debts Recovery Tribunal (DRT)-II, Mumbai, with regards to the default of the car loan, ordered the repayment of the amount with interest of 11.25% to State Bank of India ( SBI ). The tribunal...
![Failure to Repay SBI Car Loan: DRT Orders Repayment with 11.25% Interest, Upholds Right to Sell Hypothecated Vehicle for Recovery [Read Order]](https://images.taxscan.in/h-upload/2026/03/02/2127564-failure-to-repay-sbi-car-loanjpg.webp "Failure to Repay SBI Car Loan: DRT Orders Repayment with 11.25% Interest, Upholds Right to Sell Hypothecated Vehicle for Recovery [Read Order]")
Service Tax Exemption for Services to Diplomatic Missions: Delhi HC upholds CESTAT’s Direction to Verify MEA Certificates [Read Order]
The Delhi High Court has upheld the order of the Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ) remanding the issue of service tax exemption for services provided to diplomatic...
![Service Tax Exemption for Services to Diplomatic Missions: Delhi HC upholds CESTAT’s Direction to Verify MEA Certificates [Read Order]](https://images.taxscan.in/h-upload/2026/03/02/2127557-delhi-high-court-mea-cestat-service-tax-exemption-diplomatic-missions-ministry-of-external-affairs-mea-certificates-taxscan.webp "Service Tax Exemption for Services to Diplomatic Missions: Delhi HC upholds CESTAT’s Direction to Verify MEA Certificates [Read Order]")
Failure to File GST Returns for 6 Months Due to Health and Financial Problems: Madras HC Quashes the Cancellation Order [Read Order]
The Madras High Court at Madurai quashed the cancellation order which did not allow the GST Registration Number of the petitioner to be retained. This cancellation order was due to the failure to ...
![Failure to File GST Returns for 6 Months Due to Health and Financial Problems: Madras HC Quashes the Cancellation Order [Read Order]](https://images.taxscan.in/h-upload/2026/03/02/2127539-madras-hc-quashes-the-cancellation-order.webp "Failure to File GST Returns for 6 Months Due to Health and Financial Problems: Madras HC Quashes the Cancellation Order [Read Order]")