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ITAT Chennai Deletes Rs 9.65 Crore Section 69C Addition on Gold Job Work
ITAT Chennai upholds the deletion of a Rs 9.65 crore Section 69C addition, ruling in favor of the assessee due to robust job-work records and untested statements.
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Union Budget 2026-27 Transforms MA Deal Structuring via FEMA and IFSC
Explore how the Union Budget 2026-27 reshapes mergers and acquisitions through updates to FEMA regulations, buyback taxation, and IFSC incentives.
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Karnataka High Court Mandates Reimbursement of Differential GST on Works Contracts
Learn about the Karnataka High Court ruling requiring the State to verify and reimburse differential GST on works contracts within six weeks.
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Karnataka High Court Rules Omitted GST Rule 96(10) Cannot Support Pending Notices
Karnataka High Court quashes GST show cause notice against Shilpa Medicare, ruling that an omitted Rule 96(10) cannot sustain pending proceedings.
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ITAT Mumbai Rules Unexplained Cash Deposit Cannot Justify Section 271D Penalty
ITAT Mumbai upholds deletion of a Rs 72.89 lakh Section 271D penalty, ruling that cash deposits alone do not prove Section 269SS violations.
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Gujarat High Court Rules Public Company Directors Immune to Section 179 Recovery Without Statutory Findings
Gujarat High Court quashes Section 179 income tax recovery against a public company director, emphasizing statutory findings and rejecting shareholding shifts.
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Delhi High Court Rules Section 148 Notice on Previously Assessed Income Illegal
Delhi High Court declares Section 148 income tax notices for previously assessed transactions void and issued without legal jurisdiction.
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Supreme Court Rules on SEBI Regulation 10 and Acquirer PAC Holdings
Supreme Court upholds SAT decision on SEBI Regulation 10 regarding combined acquirer and PAC holdings, dismissing market regulator appeals.
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Bombay High Court Rules Unclaimed Statutory CENVAT Dues Are Extinguished Under IBC
The Bombay High Court confirms that statutory CENVAT dues omitted from an approved resolution plan under the IBC stand extinguished and orders refunds.
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ITAT Delhi Rules PCIT Cannot Revise Bogus Purchase Addition When Two Views Exist
Discover the ITAT Delhi ruling stating the PCIT cannot revise bogus purchase additions under Section 263 when two plausible views exist.