![Income Tax Addition Solely Based on Pendrive Data Seized from Third Party not Sustainable: ITAT Quashes Order [Read Order]](https://images.taxscan.in/h-upload/2026/02/09/2124356-income-tax-addition-solely-based-pendrive-data-seized-third-party-sustainable-itat-quashes-order-taxscan.webp "Income Tax Addition Solely Based on Pendrive Data Seized from Third Party not Sustainable: ITAT Quashes Order [Read Order]")
Income Tax Addition Solely Based on Pendrive Data Seized from Third Party not Sustainable: ITAT Quashes Order [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, recently held that in situations where income tax addition has been made solely based on ...
![Delhi HC sets aside Retrospective GST Cancellation from 2018, Says SCN Must Clearly Propose Backdated Cancellation [Read Order]](https://images.taxscan.in/h-upload/2026/02/09/2124348-delhi-hc-sets-aside-retrospective-gst-cancellation.webp "Delhi HC sets aside Retrospective GST Cancellation from 2018, Says SCN Must Clearly Propose Backdated Cancellation [Read Order]")
![Taxpayer Not Well Versed with Income Tax Proceedings: ITAT Gives Final Opportunity, Directs Compliance [Read Order]](https://images.taxscan.in/h-upload/2026/02/09/2124343-itat-pune-taxpayer-income-tax-proceedings-final-opportunity-directs-compliance-taxscan.webp "Taxpayer Not Well Versed with Income Tax Proceedings: ITAT Gives Final Opportunity, Directs Compliance [Read Order]")
![Patna HC Directs Verification of Johnson Paints’ VAT and SGST Reimbursement Claim under Industrial Policy Resolution, 2011 [Read Order]](https://images.taxscan.in/h-upload/2026/02/09/2124345-verification-johnson-paints-vat-sgst-reimbursement-claim-industrial-policy-resolution-taxscan.webp "Patna HC Directs Verification of Johnson Paints’ VAT and SGST Reimbursement Claim under Industrial Policy Resolution, 2011 [Read Order]")
Reassessment Notices Beyond Six-Year Limitation Invalid: Supreme Court Upholds Delhi HC Order [Read Order]
Reassessment notice extended ten‑year period under Section 149 cannot revive assessments already barred under the earlier six‑year regime.In a recent ruling, the Supreme Court of India dismissed the...
![Reassessment Notices Beyond Six-Year Limitation Invalid: Supreme Court Upholds Delhi HC Order [Read Order]](https://images.taxscan.in/h-upload/2026/02/09/2124339-reassessment-notices-beyond-six-year-limitation-invalid-supreme-court-upholds-delhi-hc-order.webp "Reassessment Notices Beyond Six-Year Limitation Invalid: Supreme Court Upholds Delhi HC Order [Read Order]")
Advance Tax Delay Depends on Date of Electronic Payment, Not Credit Date: ITAT Quashes ₹1.23 Cr Interest on Dream11 Parent Co. [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) recently clarified that for purposes of levying interest on delayed payment of advance tax, the relevant date is the date on which...
![Advance Tax Delay Depends on Date of Electronic Payment, Not Credit Date: ITAT Quashes ₹1.23 Cr Interest on Dream11 Parent Co. [Read Order]](https://images.taxscan.in/h-upload/2026/02/08/2124277-advance-tax-delay-depends-electronic-payment-credit-itat-interest-on-dream11-parent-co-taxscan.webp "Advance Tax Delay Depends on Date of Electronic Payment, Not Credit Date: ITAT Quashes ₹1.23 Cr Interest on Dream11 Parent Co. [Read Order]")
Supreme Court upholds Rajasthan HC Ruling Quashing S. 148 Reassessment Notices Based on Third-Party Search Material [Read Order]
The Supreme Court refused to entertain the Income Tax Department’s Special Leave Petition (SLP) against the Rajasthan High Court judgment which had quashed reassessment notices issued under Section...
![Supreme Court upholds Rajasthan HC Ruling Quashing S. 148 Reassessment Notices Based on Third-Party Search Material [Read Order]](https://images.taxscan.in/h-upload/2026/02/08/2124275-supreme-court-rajasthan-hc-ruling-quashing-reassessment-notices-based-third-party-search-material-taxscan.webp "Supreme Court upholds Rajasthan HC Ruling Quashing S. 148 Reassessment Notices Based on Third-Party Search Material [Read Order]")
Supreme Court Stays Bombay HC Order Refusing to Condone Delay in Central Excise Appeals Filed During Pendency of Rectification Applications [Read Judgement]
The Supreme Court has stayed the Bombay High Court order which refused to condone delay in Central Excise appeals where the High Court had held that an assessee cannot file a rectification...
![Supreme Court Stays Bombay HC Order Refusing to Condone Delay in Central Excise Appeals Filed During Pendency of Rectification Applications [Read Judgement]](https://images.taxscan.in/h-upload/2026/02/08/2124272-supreme-court-bombay-hc-order-refusing-condone-delay-central-excise-appeals-filed-pendency-of-rectification-applications-taxscan.webp "Supreme Court Stays Bombay HC Order Refusing to Condone Delay in Central Excise Appeals Filed During Pendency of Rectification Applications [Read Judgement]")
Wai Wai Noodles Maker Found Guilty Of Profiteering ₹90.9 Lakh By Holding GST Rate Cut Benefit from Customers: GSTAT [Read Order]
The Goods and Services Tax Appellate Tribunal (GSTAT), Delhi, has upheld findings of profiteering against instant noodle manufacturer C.G. Foods, that profiteered ₹90.9 lakh between November 15,...
![Wai Wai Noodles Maker Found Guilty Of Profiteering ₹90.9 Lakh By Holding GST Rate Cut Benefit from Customers: GSTAT [Read Order]](https://images.taxscan.in/h-upload/2026/02/08/2124270-wai-wai-noodles-maker-found-guilty-profiteering-gst-rate-cut-benefit-from-customers-gstat-taxscan.webp "Wai Wai Noodles Maker Found Guilty Of Profiteering ₹90.9 Lakh By Holding GST Rate Cut Benefit from Customers: GSTAT [Read Order]")
NCLAT Upholds Resolution Plan Payout to GNIDA, Rejects Objections on Section 30(2) and Valuation [Read Order]
The National Company Law Appellate Tribunal (NCLAT) Principal Bench at New Delhi, has refused to interfere with the approval of a resolution plan providing a higher payout to Greater Noida...
![NCLAT Upholds Resolution Plan Payout to GNIDA, Rejects Objections on Section 30(2) and Valuation [Read Order]](https://images.taxscan.in/h-upload/2026/02/06/2124028-nclat-upholds-resolution-plan-payout-gnida-rejects-objections-section-302-valuation-taxscan.webp "NCLAT Upholds Resolution Plan Payout to GNIDA, Rejects Objections on Section 30(2) and Valuation [Read Order]")
Share Capital Reduction u/s 66 a Matter of Domestic Concern of Company: NCLAT upholds Capital Reduction Offering 56% Premium to Minority Shareholders [Read Order]
The National Company Law Appellate Tribunal (NCLAT), Principal Bench at New Delhi, has dismissed an appeal challenging the selective reduction of share capital approved in favour of Reliance Retail...
![Share Capital Reduction u/s 66 a Matter of Domestic Concern of Company: NCLAT upholds Capital Reduction Offering 56% Premium to Minority Shareholders [Read Order]](https://images.taxscan.in/h-upload/2026/02/06/2124027-share-capital-reduction-66-matter-domestic-concern-company-nclat-upholds-capital-reduction-offering.webp "Share Capital Reduction u/s 66 a Matter of Domestic Concern of Company: NCLAT upholds Capital Reduction Offering 56% Premium to Minority Shareholders [Read Order]")