Refund in Case of Export of Electricity: Key Legal Provisions, Procedure and Documentation under GST Law
Exports are a significant component of India’s growth strategy. The GST framework seeks to ensure that exported goods and services remain free...
![Customs Broker Not Required to Conduct Physical KYC Verification of Exporters, Govt Issued Certificates Presumed Authentic: CESTAT [Read Order]](https://images.taxscan.in/h-upload/2026/02/14/2125124-customs-broker-physical-kyc-verification-exporters-presumed-authentic-cestat-taxscan.webp "Customs Broker Not Required to Conduct Physical KYC Verification of Exporters, Govt Issued Certificates Presumed Authentic: CESTAT [Read Order]")
![Capital Gains on Jointly Owned Property cannot be Taxed In Hands of One Co-Owner: ITAT [Read Order]](https://images.taxscan.in/h-upload/2026/02/14/2125118-capital-gains-jointly-property-cannot-taxed-hands-one-co-owner-itat-taxscan.webp "Capital Gains on Jointly Owned Property cannot be Taxed In Hands of One Co-Owner: ITAT [Read Order]")
![Depreciation On Goodwill allowable Where Excess Consideration Paid For Business Acquisition: ITAT [Read Order]](https://images.taxscan.in/h-upload/2026/02/14/2125106-itat-held-that-surplus-consideration-over-asset-value-represents-goodwill-eligible-depreciation-income-tax-act-taxscan.webp "Depreciation On Goodwill allowable Where Excess Consideration Paid For Business Acquisition: ITAT [Read Order]")
Unsecured Loans Amounting to Rs. 6 Cr from Unreliable Companies in Dispute: ITAT Rejects Appeal Following AO's Remand Report [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, rejected an appeal by the Department, whose dispute concerns the deletion of the INR 6,00,00,000/- addition made under Section 68 of the Income...
![Unsecured Loans Amounting to Rs. 6 Cr from Unreliable Companies in Dispute: ITAT Rejects Appeal Following AOs Remand Report [Read Order]](https://images.taxscan.in/h-upload/2026/02/14/2125098-unsecured-loans-amounting-unreliable-companies.webp "Unsecured Loans Amounting to Rs. 6 Cr from Unreliable Companies in Dispute: ITAT Rejects Appeal Following AOs Remand Report [Read Order]")
Moratorium Under IBC Does Not Prevent Contract Termination For Pre-Existing Defaults: NCLAT Rejects Liquidator’s Plea [Read Order]
The National Company Law Appellate Tribunal (NCLAT) has held that the moratorium under the Insolvency and Bankruptcy Code, 2016 does not prohibit the termination of a contract where the termination...
![Moratorium Under IBC Does Not Prevent Contract Termination For Pre-Existing Defaults: NCLAT Rejects Liquidator’s Plea [Read Order]](https://images.taxscan.in/h-upload/2026/02/14/2125100-moratorium-under-ibc-prevent-contract-termination-for-pre-existing-nclat-rejects-liquidators-plea-taxscan.webp "Moratorium Under IBC Does Not Prevent Contract Termination For Pre-Existing Defaults: NCLAT Rejects Liquidator’s Plea [Read Order]")
ITAT Upholds 6% Profit Estimation on Alleged Bogus Diamond Purchases, Dismisses Cross Appeals [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has upheld the estimation of profit on alleged non-genuine diamond purchases and dismissed cross appeals filed by both the assessee and ...
![ITAT Upholds 6% Profit Estimation on Alleged Bogus Diamond Purchases, Dismisses Cross Appeals [Read Order]](https://images.taxscan.in/h-upload/2026/02/14/2125101-itat-upholds-profit-estimation-alleged-bogus-diamond-purchases-dismisses-cross-appeals-taxscan.webp "ITAT Upholds 6% Profit Estimation on Alleged Bogus Diamond Purchases, Dismisses Cross Appeals [Read Order]")
From 54,000 Filings to 48,000 Resolutions: NCLT Chief Bows Out after Transforming Tribunal Efficiency [Read Order]
Stepping down after more than 4 years at the helm, (Retd.)Chief Justice Ramalingam Sudhakar leaves behind an unforgettable legacy at the National Company Law Tribunal (NCLT). During his tenure, the...
![From 54,000 Filings to 48,000 Resolutions: NCLT Chief Bows Out after Transforming Tribunal Efficiency [Read Order]](https://images.taxscan.in/h-upload/2026/02/14/2125091-from-54000-filings-48000-resolutions-nclt-chief.webp "From 54,000 Filings to 48,000 Resolutions: NCLT Chief Bows Out after Transforming Tribunal Efficiency [Read Order]")
lTAT Grants Relief to Tata AIG on Co-Insurance Fees, Employee Bonus Write-Back and Dividend Exemption [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has dismissed the Revenue’s appeal challenging multiple reliefs granted to Tata AIG General Insurance Company Limited, as the issues...
![lTAT Grants Relief to Tata AIG on Co-Insurance Fees, Employee Bonus Write-Back and Dividend Exemption [Read Order]](https://images.taxscan.in/h-upload/2026/02/14/2125090-ltat-grants-relief-tata-aig-co-insurance-fees-employee-bonus-write-back-dividend-exemption-taxscan.webp "lTAT Grants Relief to Tata AIG on Co-Insurance Fees, Employee Bonus Write-Back and Dividend Exemption [Read Order]")
ITAT Quashes Reopening of Assessment against WBEIDC, Holds it was Based on Mere Change of Opinion [Read Order]
The Income Tax Appellate Tribunal (ITAT) at Kolkata has set aside the reassessment proceedings initiated against West Bengal Electronics Industry Development Corporation Limited, holding that the ...
![ITAT Quashes Reopening of Assessment against WBEIDC, Holds it was Based on Mere Change of Opinion [Read Order]](https://images.taxscan.in/h-upload/2026/02/14/2125083-itat-quashes-reopening-assessment-against-wbeidc-holds-based-mere-change-opinion-taxscan.webp "ITAT Quashes Reopening of Assessment against WBEIDC, Holds it was Based on Mere Change of Opinion [Read Order]")
Interest u/s 220(2) Unsustainable Where Income Tax Demand Arose Only Through Subsequent Rectification Order: ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that interest under Section 220(2) of the Income Tax Act, 1961 cannot be levied for a period during which no enforceable income...
![Interest u/s 220(2) Unsustainable Where Income Tax Demand Arose Only Through Subsequent Rectification Order: ITAT [Read Order]](https://images.taxscan.in/h-upload/2026/02/14/2125073-interest-unsustainable-income-tax-demand-arose.webp "Interest u/s 220(2) Unsustainable Where Income Tax Demand Arose Only Through Subsequent Rectification Order: ITAT [Read Order]")