ITAT Kolkatatax
Section 148 Reopening Based on Incorrect Facts & Borrowed Satisfaction Quashed: ITAT Kolkata
The ITAT Kolkata ruled that reassessment based on incorrect factual assumptions is invalid and quashed the reopening.
Jul 5, 2026Read more →
Legal News & Insights
AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
Tax Law News
ITAT Delhitax
Amalgamation Goodwill Eligible for Depreciation; Notional Interest on AE Receivables Deleted: ITAT Delhi
The ITAT Delhi ruled that goodwill from amalgamation qualifies as a depreciable intangible asset, and deleted the TP adjustment for overdue AE receivables.
Jul 5, 2026Read more →
ITAT Ahmedabadtax
Assessment Order Passed on Deceased Person Is Nullity in Law: ITAT Ahmedabad
The ITAT ruled that assessment passed after the taxpayer's death is invalid in law, leading to the quashing of the order and treating remaining issues as academic.
Jul 5, 2026Read more →
Bombay High Courttax
CBDT Monetary Limit Exception Held Prospective; Low Tax Effect Appeals Disposed: Bombay HC
The Bombay High Court disposed of Revenue appeals below ₹50 lakh, ruling that the CBDT exception added on 20 August 2018 applies prospectively and not retrospectively.
Jul 5, 2026Read more →
ITAT Delhitax
Section 68 Addition on Sale of Previously Disclosed Shares Deleted to Avoid Double Taxation: ITAT Delhi
ITAT Delhi held that Section 68 was inapplicable where shares were disclosed in an earlier year and sale proceeds were already offered as income, thus avoiding double taxation.
Jul 5, 2026Read more →
Calcutta High Courttax
Section 68 Addition Rejected After Remand Report Confirmed Sale of Investments: Calcutta HC
Calcutta High Court dismissed the Revenue's appeal after the remand report confirmed that the disputed receipt was sale proceeds of investments rather than an unsecured loan. This ruling impacts the interpretation and application of Section 68.
Jul 5, 2026Read more →
Patna High Courtcriminaltax
Patna HC Denies Pre-arrest Bail in Fake GST Invoice Case
The Patna High Court has refused to grant pre-arrest bail to a company shareholder accused of issuing 857 fake GST invoices. The court noted the accused's criminal record as a factor in its decision.
Jul 5, 2026Read more →
Income Tax Appellate Tribunaltax
ITAT Remands ₹70 Lakh Property Purchase Claim for AO Verification
The ITAT has remanded a matter concerning a ₹70 lakh property purchase claimed as a gift from a husband, ordering fresh verification by the Assessing Officer. This emphasizes the importance of verifying claims of substantial gifts in taxation.
Jul 5, 2026Read more →
Income Tax Appellate Tribunaltax
ITAT Restricts Fuel Expense Disallowance to 5%
The ITAT has restricted the disallowance of fuel expenses to 5% due to practical difficulties in maintaining self-generated vouchers. This ruling addresses challenges faced by taxpayers in substantiating fuel expenses for tax purposes.
Jul 5, 2026Read more →
CESTATtax
CESTAT Rules Two Months Means Calendar Months Under S. 85(3A)
The CESTAT has clarified that the limitation period under Section 85(3A) should be counted in calendar months rather than in days. This ruling remands the appeal for a decision on its merits.
Jul 4, 2026Read more →
Delhi High Courttax
Secondment Reimbursements to EY US Taxable as FTS: Delhi HC
The Delhi High Court ruled that secondment reimbursements from EY US are taxable as fees for technical services (FTS) as employees impart technical knowledge to Indian entities.
Jul 4, 2026Read more →
Income Tax Departmenttax
Clarification on Filing Two ITRs During Transition Period
The Income Tax Department has clarified that taxpayers will be required to file under both the old and new Income Tax Acts during the transition.
Jul 4, 2026Read more →
Income Tax Departmenttax
ITR-1 Filing Checklist for AY 2026-27
This article provides a practical ITR-1 checklist aimed at salaried individuals to prepare for the upcoming filing season for AY 2026-27.
Jul 4, 2026Read more →