![ITAT Deletes ₹2.70 Crore Income Tax Addition on Alleged Cash Receipts from Property Sale, Cites Lack of Supportive Evidence [Read Order]](https://images.taxscan.in/h-upload/2025/12/30/500x300_2115856-itat-deletes-270-crore-income-tax-addition-on-alleged-cash-receipts-from-property-sale-cites-lack-of-supportive-evidence-taxscan.webp "ITAT Deletes ₹2.70 Crore Income Tax Addition on Alleged Cash Receipts from Property Sale, Cites Lack of Supportive Evidence [Read Order]")
ITAT Deletes ₹2.70 Crore Income Tax Addition on Alleged Cash Receipts from Property Sale, Cites Lack of Supportive Evidence [Read Order]
The Delhi Bench of the Income Tax AppellateTribunal (ITAT) has upheld the deletion of additions made on account of alleged cash and on-money...
![Adjournment Not a Matter of Right: CESTAT Refuses to Entertain Late E-mail Request after Pronouncing Order in Open Court [Read Order]](https://images.taxscan.in/h-upload/2025/12/30/250x150_2115836-adjournment-not-a-matter-of-right-cestat-refuses-to-entertain-late-e-mail-taxscan.webp "Adjournment Not a Matter of Right: CESTAT Refuses to Entertain Late E-mail Request after Pronouncing Order in Open Court [Read Order]")
![Annual Corporate Law Case Digests : NCLAT Rulings of 2025 [Part 3]](https://images.taxscan.in/h-upload/2025/12/30/250x150_2115859-nclat-annual-case-digest-2025-part-3-taxscan.webp "Annual Corporate Law Case Digests : NCLAT Rulings of 2025 [Part 3]")
![Apply Now: ICAI Post-Qualification Diploma in Management & Business Finance for Chartered Accountants [Read Notification]](https://images.taxscan.in/h-upload/2025/12/30/250x150_2115869-icai-post-qualification-diploma-taxscan.jfif "Apply Now: ICAI Post-Qualification Diploma in Management & Business Finance for Chartered Accountants [Read Notification]")
GST DRC-13 Cannot be issued against Independent Company Merely Due to Common Director: Karnataka HC orders Refund with Interest [Read Order]
The Karnataka High Court has ruled that demand cannot be raised against an independent or third party company merely on grounds that the taxpayer company and the third party company have common...
![GST DRC-13 Cannot be issued against Independent Company Merely Due to Common Director: Karnataka HC orders Refund with Interest [Read Order]](https://images.taxscan.in/h-upload/2025/12/30/500x300_2115833-gst-drc-13-karnataka-hc-taxscan.jfif "GST DRC-13 Cannot be issued against Independent Company Merely Due to Common Director: Karnataka HC orders Refund with Interest [Read Order]")
Custodial Interrogation Not Mandatory in GST Fake ITC Cases Punishable up to 5 Years: Karnataka HC Grants anticipatory Bail [Read Order]
In a recent ruling by the Karnataka High Court, it has made clear that custodial interrogation is not mandatory in fake Input Tax Credit ( ITC ) cases under Goods and Services Tax ( GST ) which is...
![Custodial Interrogation Not Mandatory in GST Fake ITC Cases Punishable up to 5 Years: Karnataka HC Grants anticipatory Bail [Read Order]](https://images.taxscan.in/h-upload/2025/12/30/500x300_2115841-custodial-interrogation-mandatory-gst-fake-itc-cases-karnataka-hc-grants-anticipatory-bail-taxscan.webp "Custodial Interrogation Not Mandatory in GST Fake ITC Cases Punishable up to 5 Years: Karnataka HC Grants anticipatory Bail [Read Order]")
ITAT Reduces 2% Commission Addition on Bank Credits to 1% in Accommodation Entry Matter [Read Order]
The Delhi Bench of the Income Tax AppellateTribunal (ITAT) has restricted the commission income addition made on account of alleged accommodation entries, while upholding the validity of reassessment...
![ITAT Reduces 2% Commission Addition on Bank Credits to 1% in Accommodation Entry Matter [Read Order]](https://images.taxscan.in/h-upload/2025/12/30/500x300_2115831-2070700-commission-accomodation-entries-taxscan.webp "ITAT Reduces 2% Commission Addition on Bank Credits to 1% in Accommodation Entry Matter [Read Order]")
Transfer Pricing Dispute: Delhi HC Refuses to Condone Income Tax Department’s 1285-Day Delay in Re-Filing Appeal [Read Order]
The Delhi High Court has rejected the Income Tax Department's request to condone a huge delay of 1285 days in re-filing their appeal in a transfer pricing case. The court said the department gave...
![Transfer Pricing Dispute: Delhi HC Refuses to Condone Income Tax Department’s 1285-Day Delay in Re-Filing Appeal [Read Order]](https://images.taxscan.in/h-upload/2025/12/30/500x300_2115842-delhi-high-court-condone-income-tax-department-condonation-of-delay-condonation-condonation-delay-taxscan.webp "Transfer Pricing Dispute: Delhi HC Refuses to Condone Income Tax Department’s 1285-Day Delay in Re-Filing Appeal [Read Order]")
SBI Appeal Allowed: Borrowers Not Entitled to Compensation Under SARFAESI Section 19 Without Actual Possession, Rules DRAT [Read Order]
The Debt RecoveryAppellate Tribunal (DRAT) held that compensation under Section 19 of the SARFAESI Act was payable only if physical/actual possession of secured assets was taken and found unlawful...
![SBI Appeal Allowed: Borrowers Not Entitled to Compensation Under SARFAESI Section 19 Without Actual Possession, Rules DRAT [Read Order]](https://images.taxscan.in/h-upload/2025/12/30/500x300_2115827-sbi-appeal-allowed-borrowers-entitled-compensation-sarfaesi-section-19-actual-possession-rules-drat-taxscan.webp "SBI Appeal Allowed: Borrowers Not Entitled to Compensation Under SARFAESI Section 19 Without Actual Possession, Rules DRAT [Read Order]")
Loose Sheets without Third-Party Confirmation Insufficient for Addition u/s 69C: ITAT Directs Profit Estimation at 7% [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) ruled that Loose sheet without third party confirmation insufficient for addition and held that it is reasonable to estimate a profit ...
![Loose Sheets without Third-Party Confirmation Insufficient for Addition u/s 69C: ITAT Directs Profit Estimation at 7% [Read Order]](https://images.taxscan.in/h-upload/2025/12/29/500x300_2115693-income-tax-addition-taxscan.jfif "Loose Sheets without Third-Party Confirmation Insufficient for Addition u/s 69C: ITAT Directs Profit Estimation at 7% [Read Order]")
