![CIT(A)’s Order is Unjust and Unfair: ITAT Restores ₹14.25 Cr Addition u/s 56(2)(viib) After Rejecting DCF Valuation [Read Order]](https://images.taxscan.in/h-upload/2026/02/05/500x300_2123921-itat-restores-taxscan.webp "CIT(A)’s Order is Unjust and Unfair: ITAT Restores ₹14.25 Cr Addition u/s 56(2)(viib) After Rejecting DCF Valuation [Read Order]")
CIT(A)’s Order is Unjust and Unfair: ITAT Restores ₹14.25 Cr Addition u/s 56(2)(viib) After Rejecting DCF Valuation [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has allowed the Revenue’s appeal and restored an addition of over ₹14.25 crore made...
![ITAT Remands S. 14A Disallowance on Mutual Fund Investments for Fresh Verification, partly allowing Kirloskar Pneumatic’s Appeal [Read Order]](https://images.taxscan.in/h-upload/2026/02/05/250x150_2123922-itat-pune-disallowance-mutual-fund-investments-fresh-verification-kirloskar-pneumatic-s-appeal-taxscan.webp "ITAT Remands S. 14A Disallowance on Mutual Fund Investments for Fresh Verification, partly allowing Kirloskar Pneumatic’s Appeal [Read Order]")
![ITAT Orders Re-evaluation of S. 14A Disallowances and Foreign Tax Credits for Bank of India, Dismisses Revenue’s Appeal [Read Order]](https://images.taxscan.in/h-upload/2026/02/05/250x150_2123918-itat-orders-re-evaluation-s-14a-disallowances-foreign-tax-credits-bank-india.webp "ITAT Orders Re-evaluation of S. 14A Disallowances and Foreign Tax Credits for Bank of India, Dismisses Revenue’s Appeal [Read Order]")
![ITAT Orders Grant of Foreign Tax Credit as per Rule 128, Holds Procedural Lapses Cannot Cause Double Taxation Read Order []](https://images.taxscan.in/h-upload/2026/02/05/250x150_2123912-itat-foreign-tax-credit-taxscan.webp "ITAT Orders Grant of Foreign Tax Credit as per Rule 128, Holds Procedural Lapses Cannot Cause Double Taxation Read Order []")
![No Tax Evasion if Goods Supplier Reported Sale in March but Buyer claimed GST ITC in April Returns: Kerala HC [Read Order]](https://images.taxscan.in/h-upload/2026/02/05/250x150_2123909-kerala-high-court-tax-evasion-gst-itc-kerala-hc-gst-ruling-gst-itc-claim-no-tax-evasion-gst-input-tax-credit-dispute-kerala-high-court-gst-itc-case-taxscan.webp "No Tax Evasion if Goods Supplier Reported Sale in March but Buyer claimed GST ITC in April Returns: Kerala HC [Read Order]")
Calcutta HC Grants Bail to Accused in Customs Act Case after 10 Days’ Further Custodial Investigation [Read Order]
The Calcutta High Court has directed the release of an accused on bail in connection with a case registered under Section 135 of the Customs Act, 1962. The Court also granted the Directorate of...
![Calcutta HC Grants Bail to Accused in Customs Act Case after 10 Days’ Further Custodial Investigation [Read Order]](https://images.taxscan.in/h-upload/2026/02/05/500x300_2123904-calcutta-hc-grants-bail-accused-customs-act-case.webp "Calcutta HC Grants Bail to Accused in Customs Act Case after 10 Days’ Further Custodial Investigation [Read Order]")
Kerala HC Directs GST Dept to Trace & Return Original Title Deed Furnished as Security, Orders Certificate If Irretrievably Lost [Read Order]
In a recent ruling, the Kerala High Court directed the State GST Department to trace and return the original title deed furnished by a taxpayer as security during appellate proceedings under the...
![Kerala HC Directs GST Dept to Trace & Return Original Title Deed Furnished as Security, Orders Certificate If Irretrievably Lost [Read Order]](https://images.taxscan.in/h-upload/2026/02/05/500x300_2123898-60ae3175-d237-47b0-adea-cfe9c7b740d5.webp "Kerala HC Directs GST Dept to Trace & Return Original Title Deed Furnished as Security, Orders Certificate If Irretrievably Lost [Read Order]")
Wrong PIN Code in E-Way Bill Not a Ground to Detain Goods Under GST: Allahabad HC Quashes Detention and Penalty [Read Order]
The Allahabad High Court has quashed GST detention and penalty proceedings initiated on account of an incorrect PIN code mentioned in the e-way bill, holding that such a clerical error does not ...
![Wrong PIN Code in E-Way Bill Not a Ground to Detain Goods Under GST: Allahabad HC Quashes Detention and Penalty [Read Order]](https://images.taxscan.in/h-upload/2026/02/05/500x300_2123901-wrong-pin-code-e-way-bill-ground-detain-goods-under-gst-allahabad-hc-quashes-detention-penalty-taxscan.webp "Wrong PIN Code in E-Way Bill Not a Ground to Detain Goods Under GST: Allahabad HC Quashes Detention and Penalty [Read Order]")
Lack of Familiarity With Income Tax E-Filing Portal: ITAT Condones 66 Days Delay, Restores Trust Registration [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, in a matter relating to trust registration, condoned the delay of 66 days. The delay was caused due to the fact that the appellant-assessee...
![Lack of Familiarity With Income Tax E-Filing Portal: ITAT Condones 66 Days Delay, Restores Trust Registration [Read Order]](https://images.taxscan.in/h-upload/2026/02/05/500x300_2123905-lack-familiarity-with-income-tax-e-filing-portal-taxscan.webp "Lack of Familiarity With Income Tax E-Filing Portal: ITAT Condones 66 Days Delay, Restores Trust Registration [Read Order]")
STBA Flags Burden of High GSTAT Appeal Fees, Seeks Intervention from CBIC, Finance & Law Ministries [Read Order]
The Sales Tax Bar Association (STBA) has flagged the burden of high appeal fees for filing matters before the Goods and Services Tax Appellate Tribunal (GSTAT), calling for urging intervention from...
![STBA Flags Burden of High GSTAT Appeal Fees, Seeks Intervention from CBIC, Finance & Law Ministries [Read Order]](https://images.taxscan.in/h-upload/2026/02/05/500x300_2123878-stba-flags-burden-high-gstat-appeal-fees-seeks-intervention-cbdt-finance-law-ministries-taxscan.webp "STBA Flags Burden of High GSTAT Appeal Fees, Seeks Intervention from CBIC, Finance & Law Ministries [Read Order]")
ITAT Condones 63 Day-Delayed Appeal due to Hospitalization, Remands ₹67L Income Tax Deduction Claim u/s 80IB [Read Order]
The Income Tax Appellate Tribunal (ITAT), Jodhpur Bench, condoned a delay of 63 days in filing the appeal and set aside the impugned order of the Commissioner of Income Tax (Appeals) ( CIT(A) )...
![ITAT Condones 63 Day-Delayed Appeal due to Hospitalization, Remands ₹67L Income Tax Deduction Claim u/s 80IB [Read Order]](https://images.taxscan.in/h-upload/2026/02/05/500x300_2123879-itat-condones-63-day-delayed-appeal-due-to-hospitalization.webp "ITAT Condones 63 Day-Delayed Appeal due to Hospitalization, Remands ₹67L Income Tax Deduction Claim u/s 80IB [Read Order]")