![Form 26AS Data Cannot be Solely Relied Upon for Levying Service Tax: Gauhati High Court [Read Order]](https://images.taxscan.in/h-upload/2026/02/24/2126891-form-26asjpg.webp "Form 26AS Data Cannot be Solely Relied Upon for Levying Service Tax: Gauhati High Court [Read Order]")
Form 26AS Data Cannot be Solely Relied Upon for Levying Service Tax: Gauhati High Court [Read Order]
The Gauhati High Court ruled that Form 26AS of the Income Tax Act cannot be solely relied upon for levying service tax. The matter was...
![Provident Fund Claims Raised During Moratorium Unsustainable: NCLAT Rejects EPFO’s Appeal [Read Order]](https://images.taxscan.in/h-upload/2026/02/24/2126850-provident-fund-claims-nclat-rejects-epfos-appeal.webp "Provident Fund Claims Raised During Moratorium Unsustainable: NCLAT Rejects EPFO’s Appeal [Read Order]")
![“Minuscule” Stock Gap No Defence: ITAT Sustains Section 69A Addition for Gold, Silver, Diamond Stock Discrepancy [Read Order]](https://images.taxscan.in/h-upload/2026/02/24/2126894-minuscule-stock-gap-no-defence-itat.webp "“Minuscule” Stock Gap No Defence: ITAT Sustains Section 69A Addition for Gold, Silver, Diamond Stock Discrepancy [Read Order]")
![Scrap Dealing is a Peculiar Business, Books of Account not Required: ITAT Allows Appeal, Notes Declared Income u/s 44AD [Read Order]](https://images.taxscan.in/h-upload/2026/02/24/2126895-scrap-dealing-is-a-peculiar-business-books-of-account-not-required-itat-taxscan.webp "Scrap Dealing is a Peculiar Business, Books of Account not Required: ITAT Allows Appeal, Notes Declared Income u/s 44AD [Read Order]")
![Admissibility of DVD, Retracted Statements from Co-Accused Questioned: CESTAT Rules S.114AA Cannot be Imposed [Read Order]](https://images.taxscan.in/h-upload/2026/02/24/2126863-admissibility-of-dvd-retracted-statements-co-accused-questioned-cestat-rules-taxsacn.webp "Admissibility of DVD, Retracted Statements from Co-Accused Questioned: CESTAT Rules S.114AA Cannot be Imposed [Read Order]")
Unilateral Accounting Adjustments cannot Revive ₹1.4 Crore Operational Debt beyond Limitation: NCLAT [Read Order]
The National Company Law Appellate Tribunal (NCLAT) has rejected the appeal filed by Heena Metal Private Limited holding that unilateral accounting adjustments and internal transfer of ledger...
![Unilateral Accounting Adjustments cannot Revive ₹1.4 Crore Operational Debt beyond Limitation: NCLAT [Read Order]](https://images.taxscan.in/h-upload/2026/02/24/2126848-unilateral-accounting-adjustments-operational-debt-beyond-limitation-taxscan.webp "Unilateral Accounting Adjustments cannot Revive ₹1.4 Crore Operational Debt beyond Limitation: NCLAT [Read Order]")
Defective Satisfaction Note Vitiates Income Tax Assessment u/s 153C: ITAT Quashes ₹4.89 Crore Additions [Read Order]
In a recent ruling, the Income Tax Appellate Tribunal (ITAT), Delhi Bench, quashed an addition of ₹4.89 crore as unexplained credits and expenditure, holding that the Assessing Officer (AO) assumed...
![Defective Satisfaction Note Vitiates Income Tax Assessment u/s 153C: ITAT Quashes ₹4.89 Crore Additions [Read Order]](https://images.taxscan.in/h-upload/2026/02/24/2126881-defective-satisfactionjpg.webp "Defective Satisfaction Note Vitiates Income Tax Assessment u/s 153C: ITAT Quashes ₹4.89 Crore Additions [Read Order]")
ITAT Cannot Grant S. 12A Registration Based Solely on Oral Submissions Without Evidence: Punjab & Haryana HC [Read Order]
In a recent ruling, the Punjab and Haryana High Court held that the Income Tax Appellate Tribunal cannot grant registration under Section 12A of the Income Tax Act only based on oral submissions...
![ITAT Cannot Grant S. 12A Registration Based Solely on Oral Submissions Without Evidence: Punjab & Haryana HC [Read Order]](https://images.taxscan.in/h-upload/2026/02/24/2126876-itat-registration-based-solely-on-oral-submissions-without-evidence-taxscan.webp "ITAT Cannot Grant S. 12A Registration Based Solely on Oral Submissions Without Evidence: Punjab & Haryana HC [Read Order]")
NCLT Fails to Consider Balance Sheet Debt Acknowledgments and COVID Limitation Relief: NCLAT Restores UCO Bank’s Insolvency Proceedings [Read Order]
The National Company Law Appellate Tribunal(NCLAT) allowed the insolvency proceedings initiated by UCO Bank under Section 7 of the Insolvency and Bankruptcy Code, 2016, as the NCLT was in error in ...
![NCLT Fails to Consider Balance Sheet Debt Acknowledgments and COVID Limitation Relief: NCLAT Restores UCO Bank’s Insolvency Proceedings [Read Order]](https://images.taxscan.in/h-upload/2026/02/24/2126858-nclt-fails-to-consider-balance-sheet-debt-acknowledgmentsjpg.webp "NCLT Fails to Consider Balance Sheet Debt Acknowledgments and COVID Limitation Relief: NCLAT Restores UCO Bank’s Insolvency Proceedings [Read Order]")
Multiple Floors in Same Redeveloped Building Qualify as ‘One Residential House’ for Section 54 : ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) has held that multiple floors received by an assessee in a single redeveloped building would qualify as “one residential house” for the...
![Multiple Floors in Same Redeveloped Building Qualify as ‘One Residential House’ for Section 54 : ITAT [Read Order]](https://images.taxscan.in/h-upload/2026/02/24/2126877-multiple-floors-in-same-redeveloped-building-qualify-tat-.webp "Multiple Floors in Same Redeveloped Building Qualify as ‘One Residential House’ for Section 54 : ITAT [Read Order]")
Profit from Sale of Unlisted Shares of ICICI Bank Held for 6 Years Taxable as LTCG, Not Business Income: Calcutta HC [Read Order]
In a recent ruling, the Calcutta High Court held that profit arising from the sale of unlisted preference shares of ICICI Bank Ltd., which were held for nearly six years, is taxable as Long-Term...
![Profit from Sale of Unlisted Shares of ICICI Bank Held for 6 Years Taxable as LTCG, Not Business Income: Calcutta HC [Read Order]](https://images.taxscan.in/h-upload/2026/02/24/2126856-profit-from-sale-of-unlisted-shares-of-icici-bankjpg.webp "Profit from Sale of Unlisted Shares of ICICI Bank Held for 6 Years Taxable as LTCG, Not Business Income: Calcutta HC [Read Order]")