News Updates
Madras High Court Upholds Penalty Waiver Under Section 80 For Financial Crisis In Service Tax
05 Aug 2026
Supreme Court Rules States Cannot Cite Financial Burden To Delay Judges Retiring At Sixty-Two
06 Aug 2026
Rajasthan High Court Demands Comprehensive Affidavit To Remove Encroachments Affecting Critical Ramgarh Dam Water Flow
06 Aug 2026
How Does Algorithmic Bias In Forest Governance Impact Adivasi Rights In Modern India Today?
06 Aug 2026
Christ University Pune Lavasa Hosts International Conference On Indian Knowledge Systems And Global Governance
06 Aug 2026
Bombay High Court Rules Pre-2015 Unilateral Arbitrator Appointments Valid if Contractually Authorized by Agreement
06 Aug 2026
Madras High Court orders TASMAC to issue bills for every liquor sale amid overcharging row
07 Aug 2026
Why Does Institutional Paralysis Persist Within India’s Lower Judiciary Recruitment Processes Across All State Boards?
07 Aug 2026
Ernst & Young Announces Applications for Senior Associate Role in Legal Practice
08 Aug 2026
Search Results for "Taxation Laws News | Supremetoday AI"
ITAT: Reopening Assessment on 'Borrowed Satisfaction' Without Independent Inquiry Invalid Under Section 147
#IncomeTax #TaxReassessment
ITAT Restricts Arbitrary Reopening: "Borrowed Satisfaction" Does Not Justify Section 147 Scrutiny In a significant ruling for taxpayers, the Income Tax Appellate Tribunal (ITAT), Delhi, has quashed several reassessment orders initiated under Section 147 of the Income...
ITAT Delhi: Ad-hoc Addition Under Section 68 of Income Tax Act Cannot Be Sustained on Mere Conjecture Without Evidence
#IncomeTax #TaxLitigation
ITAT Delhi Limits Revenue's Power to Disregard "Concocted" Cash Sales Without Evidence In a significant ruling for taxpayers facing scrutiny over cash deposits made during the 2016 demonetization period, the Income Tax Appellate Tribunal (ITAT) Delhi has curtaile...
Mere Disallowance of Legal Claim Does Not Warrant Penalties u/s 271(1)(c): ITAT Delhi Bench Rules in Jet Lite Case
#TaxLaw #FringeBenefitTax
ITAT Delhi: Bona Fide Legal Claims Do Not Attract Penalty for 'Inaccurate Particulars' In a significant ruling for corporate taxpayers, the Income Tax Appellate Tribunal (ITAT), Delhi Bench, has clarified the threshold for levying penalties under the Income Tax A...
ITAT Rules Additions Under Sections 69 and 69C Must Be Supported by Corroborative Evidence, Not Just Assessee Statements
#IncomeTaxAppellateTribunal #TaxLitigation
The Perils of 'Confession-Only' Tax Assessments: A Landmark Verdict In a significant ruling for taxpayers, the Income Tax Appellate Tribunal (ITAT), Hyderabad ‘B’ Bench, has underscored that tax authorities cannot impose additions based purely on an assessee’s statements during...
ITAT Hyderabad Remands Tax Addition Disputes After Criticizing Summary Procedures and Data Verification: Income Tax Act
#ITAT #TaxLitigation
ITAT Hyderabad Intervenes: Judicial Scrutiny of Summary Tax Additions In a significant ruling for corporate tax compliance, the Income Tax Appellate Tribunal (ITAT), Hyderabad, has set aside multiple tax additions made against M/s. SV Milk & Milk Products Pr...
ITAT Hyderabad Interprets Section 44C: HO Overheads Subject to Statutory Limits Regardless of Direct Project Nexus
#IncomeTaxIndia #TaxLitigation
Unmasking 'Reimbursements': ITAT Clarifies Tax Limits on Head Office Expenses In a significant ruling for multinational entities operating in India, the Income Tax Appellate Tribunal (ITAT) Hyderabad bench has clarified the rigorous application of Section 44C of the ...
AMP Expenses Not 'International Transactions' Under Section 92B: ITAT Kolkata Rules in Akzo Nobel India Tax Dispute
#TransferPricing #IncomeTax
Breaking Down the Tax Burden: ITAT Kolkata Clarifies Key Transfer Pricing Principles for Akzo Nobel In a significant series of rulings covering seven assessment years, theKolkata “C” Bench of theIncome Tax AppellateTribunal(ITAT) has provided much-needed clarity on the tax treatment of expens...
Failure to Specify Charge Under Section 270A Renders Penalty Order Invalid: ITAT Dehradun
#IncomeTax #TaxLitigation
Penalty Overturned: ITAT Dehradun Rules AO Must Be Specific in Section 270A Notices In a significant ruling for corporate taxpayers, the Income Tax Appellate Tribunal (ITAT), Dehradun Bench, has quashed a penalty order against Dowson Technology Private Limited. The tribunal hel...
ITAT Jabalpur: Revenue Cannot Charge Compensatory Interest Under Sections 234A, 234B, and 234C When Holding Sufficient Seized Cash
#IncomeTax #ITAT
ITAT Jabalpur: Taxpayer Not Liable for Compensatory Interest When Revenue Holds "Escrow-Like" Seized Cash In a significant relief to taxpayers, the Jabalpur Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that the Revenue cannot penaliz...
Mere Allegations in Show Cause Notice Cannot Deny Provisional Release Under Section 110A of Customs Act, 1962: CESTAT
#CustomsAct #CESTAT
Breaking the Deadlock: CESTAT Orders Release of Seized Gold for Trade Continuity In a significant relief for business owners, theCustoms, Excise & Service Tax Appellate Tribunal (CESTAT), Allahabad, has reaffirmed that the mere existence of a Show Cause Notice or ongoing investigation is insu...
