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Year: 2026

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  • 2026
  • Page 127
Ahmedabad ITAT Deletes On-Money Addition Due to Insufficient Evidence
Posted inBlog

Ahmedabad ITAT Deletes On-Money Addition Due to Insufficient Evidence

The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has ruled in favor of a taxpayer by deleting a substantial tax addition made under Section 69 of the Income…
Posted by Prasenjit Bhowmik August 2, 2026
Ahmedabad ITAT Rules Only 8% Profit on Unaccounted Sales is Taxable
Posted inBlog

Ahmedabad ITAT Rules Only 8% Profit on Unaccounted Sales is Taxable

In a notable tax jurisprudence development, the Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) has ruled that only the profit element of unaccounted sales is subject to taxation,…
Posted by Prasenjit Bhowmik August 2, 2026
Ahmedabad ITAT Rules on Taxation of Unaccounted Cash Receipts for Builders
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Ahmedabad ITAT Rules on Taxation of Unaccounted Cash Receipts for Builders

Learn how the Ahmedabad ITAT ruled that only a twenty percent profit element of a builders unaccounted cash receipts is subject to income tax.
Posted by Prasenjit Bhowmik August 2, 2026
ITAT Condones 1,659-Day Delay and Grants Section 10(10B) Exemption for BSNL VRS Compensation
Posted inBlog

ITAT Condones 1,659-Day Delay and Grants Section 10(10B) Exemption for BSNL VRS Compensation

In a notable tax ruling, the Income Tax Appellate Tribunal (ITAT) recently condoned a significant delay of 1,659 days in filing an appeal. The tribunal subsequently ruled that compensation received…
Posted by Prasenjit Bhowmik August 2, 2026
Judicial Review Focuses on Tamil Nadu Solar Power Project Dispute
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Judicial Review Focuses on Tamil Nadu Solar Power Project Dispute

On July 31, 2026, the judicial authorities addressed a significant renewable energy appeal involving Vsr Solar Power Private Limited and the Tamil Nadu Electricity Regulatory Commission. The legal proceedings center…
Posted by Prasenjit Bhowmik August 2, 2026
Legal Appeals Filed in Consumer Dispute Involving Serenity Foundation
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Legal Appeals Filed in Consumer Dispute Involving Serenity Foundation

Discover how the ongoing legal battle between a consumer and the Serenity Foundation escalates as both parties appeal a ruling on service deficiencies.
Posted by Prasenjit Bhowmik August 2, 2026
Consumer Court Adjudicates Housing Dispute Over Structural Defects in Mumbai
Posted inBlog

Consumer Court Adjudicates Housing Dispute Over Structural Defects in Mumbai

A Mumbai consumer court rules on a major housing dispute over severe structural defects, offering key legal insights for aggrieved home buyers.
Posted by Prasenjit Bhowmik August 2, 2026
Union of India Challenges Rolta India Insolvency Resolution Plan in NCLAT
Posted inBlog

Union of India Challenges Rolta India Insolvency Resolution Plan in NCLAT

The Indian government has appealed to the NCLAT challenging the tribunal approved insolvency resolution plan for Rolta India.
Posted by Prasenjit Bhowmik August 2, 2026
Legal Framework Governs Valuation of Imported Goods Under Indian Trade Regulations
Posted inBlog

Legal Framework Governs Valuation of Imported Goods Under Indian Trade Regulations

Understand how India's Legal Metrology Act and customs regulations govern the valuation and retail price labeling of imported commercial goods.
Posted by Prasenjit Bhowmik August 2, 2026
Ahmedabad ITAT Allows ₹602 Crore Pfizer Settlement as Business Expenditure
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Ahmedabad ITAT Allows ₹602 Crore Pfizer Settlement as Business Expenditure

Discover why the Ahmedabad ITAT allowed Pfizer to claim a 602 crore rupee patent settlement as a tax-deductible business expense.
Posted by Prasenjit Bhowmik August 2, 2026

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