India - High Court of Gujarat

Gujarat High Court Dismisses Revenue Appeal, Reaffirming Limited Disallowance of Bogus Purchases as Settled Law

Settled Precedent Trumps Revenue Appeal: Gujarat High Court Refuses to Revisit Bogus Purchase Disputes In a significant move reinforcing judicial consistency regarding "bogus purchases," the High Court of Gujarat at Ahmedabad recently dismissed a tax appeal filed by the Pr...

27 Jan 2026

India - High Court of Calcutta

High Court Upholds Deletion of Addition Under Section 68 IT Act for Share Capital: Calcutta High Court

Proving Genuineness: Calcutta High Court Clarifies Hurdles for ‘Section 68’ Share Capital Additions In a significant verdict for corporate taxpayers, the Calcutta High Court has reinforced the criteria necessary for the Revenue to challenge share capital under

25 Apr 2025

India - Income Tax Appellate Tribunal

ITAT Delhi Deletes ₹3,885 Cr Tax Addition on OYO Share Premium Under Section 56(2)(viib): Court Refuses to Revisit Valuation

The Battle of Valuations: OYO Wins Relief Against Massive 'Angel Tax' AdditionIn a landmark ruling that brings significant relief to the hospitality unicorn OYO, the Income Tax Appellate Tribunal (ITAT) Delhi Bench has deleted a staggerin...

12 Jun 2026

India - High Court of Calcutta

Calcutta High Court Admits Appeal on Taxability of Written-Off Bad Debts Under Section 28(iv) of the Income Tax Act

Calcutta High Court Scrutinizes 'Double Benefit' Tax Claims in Major Revenue Appeal In a significant move for tax jurisprudence, theCalcutta High Courthas admitted an appeal filed by thePrincipal Commissioner of Income Tax-1, Kolkata, againstHarmuny Entertainment Pvt. Ltd.The case centers on ...

17 Jan 2025

India - Income Tax Appellate Tribunal

Mechanical Approval Under Section 153D Vitiates Assessment Proceedings: ITAT Delhi Quashes Antriksh Group Tax Orders

Mechanical Sanctioning: ITAT Strikes Down Tax Assessments Over 'Rubber Stamp' Approvals In a significant blow to the Revenue department, the Income Tax Appellate Tribunal (ITAT), Delhi Bench, has quashed a series of assessment orders against the Antriksh Group

05 Jun 2026

India - Income Tax Appellate Tribunal

Absence of Satisfaction Under Section 14A and Debatable Issues Bar Penalty Imposition: ITAT Bangalore

ITAT Bangalore Clarifies Limits on Tax Penalties and Section 14A Disallowances In a significant ruling for taxpayers, the Income Tax Appellate Tribunal (ITAT) Bangalore has reinforced the necessity of procedural rigor in tax assessment. The bench, comprising Vice-President Shri...

03 Jun 2026

India - Income Tax Appellate Tribunal

Mere Disallowance of Legal Claim Does Not Warrant Penalties u/s 271(1)(c): ITAT Delhi Bench Rules in Jet Lite Case

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...

03 Jun 2026

India - Income Tax Appellate Tribunal

Lack of Section 127 Transfer Order Renders Assessment Void Ab Initio: ITAT Delhi

Jurisdictional Overreach: ITAT Delhi Nunc Pro Tunc Voids Tax Assessment Without Proper Transfer In a landmark ruling that reinforces the sanctity of procedural mandates in tax law, the Income Tax Appellate Tribunal (ITAT), Delhi Bench, has declared an assessment order passed by...

03 Jun 2026

India - Income Tax Appellate Tribunal

ITAT Delhi: Ad-hoc Addition Under Section 68 of Income Tax Act Cannot Be Sustained on Mere Conjecture Without Evidence

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...

03 Jun 2026

India - Income Tax Appellate Tribunal

ITAT: Reopening Assessment on 'Borrowed Satisfaction' Without Independent Inquiry Invalid Under Section 147

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...

03 Jun 2026