ITAT Restores NFAC Appeal on Unexplained Expenditure
The ITAT directed NFAC to provide a final opportunity for the assessee to justify claims of unexplained expenditure and cash credits totalling ₹2.35 crore.
Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The ITAT directed NFAC to provide a final opportunity for the assessee to justify claims of unexplained expenditure and cash credits totalling ₹2.35 crore.

The CESTAT ruled that the valuation of plastic bottle caps should not follow Rule 8's provisions as the caps were used by the principal manufacturer, Marico.
The Telangana High Court has directed GST authorities to accept manual applications for revocation of cancelled registrations where online filings are restricted. This provides relief for many affected taxpayers.
A new report details how editable fields in the GSTR-3B form facilitate tax evasion by suppliers, jeopardizing GST compliance for honest taxpayers. This raises concerns over enforcement and compliance.
The Telangana High Court dismissed a writ petition challenging a GST assessment order due to delay, citing the Glaxo Smith Kline decision. This emphasizes the need for timely action in GST matters.

The Calcutta High Court has upheld the jurisdiction of the Principal Commissioner of Income Tax (PCIT) to revise 'unallocated' head office expenses within tax holiday units, ensuring the integrity of tax assessments.

A recent analysis examines how India's structured tax system aligns with global models of cross-border taxation, underscoring its progressive compliance features. This is relevant for international tax practitioners and businesses engaged in cross-border activities.

The Calcutta High Court has issued a stay on coercive actions by tax authorities against the petitioner concerning time-barred reassessment proceedings. This decision underscores the significance of adherence to statutory time limits.
The High Court has remanded GST proceedings after it found the petitioner did not have a fair opportunity to respond to the show cause notice due to its improper upload.
The Kolkata ITAT has deleted the penalty under Section 271(1)(c) following the deletion of all quantum additions for the assessment year 2016-17 in the quantum appeal. This ruling emphasizes the relationship between penalties and the underlying assessments.
RBI clarifies FLA Return applicability and the filing process via FLAIR, with a late fee of ₹7,500. The due date for filing is set for July 31, 2026.

A new advisory outlines how to differentiate between genuine and fraudulent income tax notices. Taxpayers are encouraged to verify notice authenticity to avoid scams.