![Gauhati HC Quashes GST Cancellation, Orders Company to File All Pending Returns Within 30 Days [Read Order]](https://images.taxscan.in/h-upload/2026/02/14/2125094-gauhati-hc-gst-cancellation-pending-returns-taxscan.webp "Gauhati HC Quashes GST Cancellation, Orders Company to File All Pending Returns Within 30 Days [Read Order]")
Gauhati HC Quashes GST Cancellation, Orders Company to File All Pending Returns Within 30 Days [Read Order]
In a recent ruling Gauhati High Court has quashed the cancellation of GST registration, directed the company to file all pending returns within 30...
![Once Exercised, Section 115BAB Option Applies to Subsequent Years: ITAT Allows 15% Concessional Tax Rate [Read Order]](https://images.taxscan.in/h-upload/2026/02/14/2125081-section-115bab-option-applies-subsequent-itat-allows-concessional-tax-rate-taxscan.webp "Once Exercised, Section 115BAB Option Applies to Subsequent Years: ITAT Allows 15% Concessional Tax Rate [Read Order]")
![‘Cast Iron’ Documentary Evidence of Identity and Banking Flow Discharges Onus: Calcutta HC Upholds ITAT Deletion u/s 68 [Read Order]](https://images.taxscan.in/h-upload/2026/02/14/2125080-cast-iron-documentary-evidence-calcutta-hc-itat-taxscan.webp "‘Cast Iron’ Documentary Evidence of Identity and Banking Flow Discharges Onus: Calcutta HC Upholds ITAT Deletion u/s 68 [Read Order]")
![No Seized Documents Supporting Findings of AO: ITAT Mumbai Deletes Estimated Additions on alleged [Read Order]](https://images.taxscan.in/h-upload/2026/02/14/2125075-no-seized-documents-supporting-findings-ao-itat-mumbai-estimated-bogus-transactions-taxscan.webp "No Seized Documents Supporting Findings of AO: ITAT Mumbai Deletes Estimated Additions on alleged [Read Order]")
Madras HC Dismisses Department's Appeal on Tax Holiday Deduction Computation u/s 80IA and 80HHC [Read Order]
The Madras High Court has dismissed a tax appeal filed by the Revenue, holding that losses or depreciation already set off in earlier years cannot be notionally carried forward for the purpose of...
![Madras HC Dismisses Departments Appeal on Tax Holiday Deduction Computation u/s 80IA and 80HHC [Read Order]](https://images.taxscan.in/h-upload/2026/02/14/2125066-madras-hc-dismisses-departments-appeal-tax-holiday-deduction-computation.webp "Madras HC Dismisses Departments Appeal on Tax Holiday Deduction Computation u/s 80IA and 80HHC [Read Order]")
Summons u/s 70 CGST Act Held Valid: Bombay HC Court Rules No Illegal Detention, 10 lakh Compensation Plea Dismissed [Read Order]
In a recent ruling Bombay High Court dismissed the writ petition seeking 10 lakh compensation for alleging illegal detention by GST officers. The Court held that the summons issued under Section 70...
![Summons u/s 70 CGST Act Held Valid: Bombay HC Court Rules No Illegal Detention, 10 lakh Compensation Plea Dismissed [Read Order]](https://images.taxscan.in/h-upload/2026/02/13/2124986-summons-70-cgst-act-held-valid-bombay-hc-court-rules-no-illegal-detention-taxscan.webp "Summons u/s 70 CGST Act Held Valid: Bombay HC Court Rules No Illegal Detention, 10 lakh Compensation Plea Dismissed [Read Order]")
Madras HC Allows Deduction u/s 37 of Compensation Paid for Exchange Rate Fluctuation as Business Expenditure [Read Order]
The Madras High Court has held that compensation paid by an assessee to its agent for losses arising due to foreign exchange rate fluctuation, caused by delayed payments, is allowable as a business...
![Madras HC Allows Deduction u/s 37 of Compensation Paid for Exchange Rate Fluctuation as Business Expenditure [Read Order]](https://images.taxscan.in/h-upload/2026/02/13/2125014-madras-hc-allows-deduction.webp "Madras HC Allows Deduction u/s 37 of Compensation Paid for Exchange Rate Fluctuation as Business Expenditure [Read Order]")
‘Test of Human Probability’ Cannot Disregard a Verified and Audited Paper Trail: Calcutta HC Upholds Deletion of ₹6.22 Cr Addition [Read Order]
The Calcutta High Court has upheld the deletion of an addition of ₹6.22 crore made under Section 68 of the Income Tax Act, 1961, on account of unexplained share capital and share premium. The Bench ...
![‘Test of Human Probability’ Cannot Disregard a Verified and Audited Paper Trail: Calcutta HC Upholds Deletion of ₹6.22 Cr Addition [Read Order]](https://images.taxscan.in/h-upload/2026/02/13/2125009-test-human-probability-cannot-disregard-verified-audited-paper-trail-calcutta-hc-taxscan.webp "‘Test of Human Probability’ Cannot Disregard a Verified and Audited Paper Trail: Calcutta HC Upholds Deletion of ₹6.22 Cr Addition [Read Order]")
![Delhi HC Dismisses Revenue Appeals on India-Switzerland Treaty Issue in Light of Recent Ruling [Read Order]](https://images.taxscan.in/h-upload/2026/02/13/2125002-delhi-hc-dismisses-revenue-appeals-india-switzerland-treaty-issue-light-recent-ruling.webp "Delhi HC Dismisses Revenue Appeals on India-Switzerland Treaty Issue in Light of Recent Ruling [Read Order]")
MCA Slaps Penalty on Suzuki Motor Gujarat for S. 12 Violation after Official Liquidator Communication Returned [Read Order]
The Ministry of Corporate Affairs ( MCA ) imposed penalties on Suzuki Motor Gujarat Private Limited and its directors for violation of Section 12 of the Companies Act, 2013 after an official...
![MCA Slaps Penalty on Suzuki Motor Gujarat for S. 12 Violation after Official Liquidator Communication Returned [Read Order]](https://images.taxscan.in/h-upload/2026/02/13/2124992-mca-slaps-penalty-suzuki-motor-gujarat.webp "MCA Slaps Penalty on Suzuki Motor Gujarat for S. 12 Violation after Official Liquidator Communication Returned [Read Order]")
Karnataka HC Quashes CBDT’s Rejection of University’s Income Tax Exemption Request, Directs Fresh Hearing [Read Order]
The court has not expressed any opinion on the petitioner’s claim on the merits, and all contentions are left open to be urged before the authority.In a recent ruling, the Karnataka High Court has...
![Karnataka HC Quashes CBDT’s Rejection of University’s Income Tax Exemption Request, Directs Fresh Hearing [Read Order]](https://images.taxscan.in/h-upload/2026/02/13/2124989-karnataka-hc-quashes-cbdts-rejection-universitys-income-tax.webp "Karnataka HC Quashes CBDT’s Rejection of University’s Income Tax Exemption Request, Directs Fresh Hearing [Read Order]")