![Repayment of Director’s own Deposit Not Deemed Dividend: ITAT Deletes ₹25L addition u/s 2(22)(e) [Read Order]](https://images.taxscan.in/h-upload/2026/02/18/2126229-repayment-directors-own-deposit-deemed-dividend-itat.webp "Repayment of Director’s own Deposit Not Deemed Dividend: ITAT Deletes ₹25L addition u/s 2(22)(e) [Read Order]")
Repayment of Director’s own Deposit Not Deemed Dividend: ITAT Deletes ₹25L addition u/s 2(22)(e) [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Ahmedabad Bench held that repayment or withdrawal of a director’s own deposit maintained with a company...
![Corpus Donation of ₹48.38 Lakh Received by Educational Trust from Multiple Donors Exempted u/s.11(1)(d) of Income Tax Act: ITAT [Read Order]](https://images.taxscan.in/h-upload/2026/02/18/2126219-itat-ahmedabad-corpus-donation-educational-trust-multiple-donors-corpus-donation-itat-taxscan.webp "Corpus Donation of ₹48.38 Lakh Received by Educational Trust from Multiple Donors Exempted u/s.11(1)(d) of Income Tax Act: ITAT [Read Order]")
![ITAT Directs Deletion of ₹70L Unexplained Cash Deposit on Education Society after finding Records in Audited Books [Read Order]](https://images.taxscan.in/h-upload/2026/02/18/2126220-itat-ahmedabadjpg.webp "ITAT Directs Deletion of ₹70L Unexplained Cash Deposit on Education Society after finding Records in Audited Books [Read Order]")
![Service Tax Penalty u/s 78 Remains Unsustainable Where Liability Was Unclear During Relevant Period: CESTAT [Read Order]](https://images.taxscan.in/h-upload/2026/02/18/2126209-service-tax-penalty-78-cestat.webp "Service Tax Penalty u/s 78 Remains Unsustainable Where Liability Was Unclear During Relevant Period: CESTAT [Read Order]")
Extended Limitation & Penalty Unsustainable in Software Valuation Disputes: CESTAT set aside Differential Duty Demand on Wipro [Read Order]
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Chennai Bench held that extended limitation and penalties cannot be sustained in software valuation disputes arising out of bona...
![Extended Limitation & Penalty Unsustainable in Software Valuation Disputes: CESTAT set aside Differential Duty Demand on Wipro [Read Order]](https://images.taxscan.in/h-upload/2026/02/18/2126216-extended-limitation-penalty-unsustainable-in-cestat-wipro.webp "Extended Limitation & Penalty Unsustainable in Software Valuation Disputes: CESTAT set aside Differential Duty Demand on Wipro [Read Order]")
Who Can Practice Before Tribunals? Delhi HC To Consider Legality of Non-Lawyers if CA And CS can appear Before Tribunals
The Delhi High Court is currently considering a major issue that has implications for the practice of law in all tribunals in India, namely whether unenrolled advocates such as Chartered...
Non Adoption Of MRP Based Valuation Not Form any Wilful Suppression: CESTAT Sets Aside ₹1.18 Cr Excise Demand On Universal Colours India [Read Order]
The Chennai Bench of the Customs, Excise, and Service Tax Appellate Tribunal(CESTAT) held that non adoption of MRP valuation under Section 4A of the Central Excise Act, 1944 does not constitute...
![Non Adoption Of MRP Based Valuation Not Form any Wilful Suppression: CESTAT Sets Aside ₹1.18 Cr Excise Demand On Universal Colours India [Read Order]](https://images.taxscan.in/h-upload/2026/02/18/2126207-universal-colours-india-cestatjpg.webp "Non Adoption Of MRP Based Valuation Not Form any Wilful Suppression: CESTAT Sets Aside ₹1.18 Cr Excise Demand On Universal Colours India [Read Order]")
TPO Must Supply Copies of Relied-Upon Agreements Before Passing Transfer Pricing Order: Delhi HC Sets Aside Royalty Adjustment [Read Order]
The Delhi High Court has held that the Transfer Pricing Officer must give copies of the agreements which he is relying upon before passing a transfer pricing order under Section 92CA(3) of the...
![TPO Must Supply Copies of Relied-Upon Agreements Before Passing Transfer Pricing Order: Delhi HC Sets Aside Royalty Adjustment [Read Order]](https://images.taxscan.in/h-upload/2026/02/17/2126127-tpo-transfer-pricing-delhi-hc-royalty-adjustment-taxscan.webp "TPO Must Supply Copies of Relied-Upon Agreements Before Passing Transfer Pricing Order: Delhi HC Sets Aside Royalty Adjustment [Read Order]")
Supreme Court set to examine whether Income Tax Dept. can condone ITR filed with 30-Month Delay [Read Judgement]
The Supreme Court of India is set to examine whether the income tax department can condone an Income Tax Return (ITR) which was filed with a delay of 30-months. The matter is being assessed in...
![Supreme Court set to examine whether Income Tax Dept. can condone ITR filed with 30-Month Delay [Read Judgement]](https://images.taxscan.in/h-upload/2026/02/18/2126205-supreme-court-set-examine-whether-income-tax-dept-can-condone-itr-taxscan.webp "Supreme Court set to examine whether Income Tax Dept. can condone ITR filed with 30-Month Delay [Read Judgement]")