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Legal Precedent Reinforces Standards for Currency Seizure Under Customs Act
Learn how a landmark court ruling strengthens asset owner protections by requiring strict proof for currency seizures under the Customs Act.
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Hyderabad ITAT Deletes ₹2.55 Crore On-Money Additions for Lack of Corroboration
In a significant legal development, the Hyderabad bench of the Income Tax Appellate Tribunal (ITAT) has deleted tax additions amounting to ₹2.55 crore. Official reports indicate that the tribunal ruled…
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ITAT Remands ₹2.15 Crore On-Money Addition Pending Developer’s Appeal Findings
Tax authorities recently faced a procedural turning point when the Income Tax Appellate Tribunal (ITAT) set aside a disputed financial addition amounting to ₹2.15 crore. The tribunal ordered a fresh…
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Hyderabad ITAT Rules Only 16% of ₹40.93 Crore On-Money Receipts Are Taxable
In a notable tax jurisprudence development, the Hyderabad bench of the Income Tax Appellate Tribunal (ITAT) has ruled that only 16 percent of a disputed ₹40.93 crore in on-money receipts…
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ITAT Delhi Rules Foreign Life Policy Is Not Undisclosed Asset and Maturity Proceeds Are Exempt
The Income Tax Appellate Tribunal (ITAT) in Delhi has ruled that a foreign life insurance policy acquired while an individual was a non-resident Indian (NRI) does not constitute an undisclosed…
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ICICI Lombard Revision Petition Challenges State Commission Orders in Legal Dispute
On August 7, 2026, legal proceedings unfolded in a high-profile revision petition involving ICICI Lombard General Insurance and respondent Basant Nain, son of Jagbhushan Nain. The court session brought legal…
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Legal Dispute Filed Against Real Estate Developer Over Alleged Service Deficiencies
On August 10, 2026, a formal legal complaint was lodged by Smt. Sushila Bansal against prominent real estate developer M/s BPTP Ltd., citing severe deficiencies in service and engagement in…
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Legal Proceedings Unfold in Suhail Salim Sumar vs Drip Capital Inc Case
On August 13, 2026, the appellate tribunal convened in a hybrid mode to address a significant procedural filing in the legal dispute involving Suhail Salim Sumar and Drip Capital Inc…
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Chennai Tribunal Rules on Beverage Firm Service Tax Dispute
On August 12, 2026, the Chennai Outer Commissionerate issued a significant ruling in a long-standing indirect tax dispute involving a beverage manufacturer and tax authorities. The legal proceedings took place…
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Bombay High Court Rules Bogus Purchases Insufficient for Section 69C Additions
The Bombay High Court has delivered a significant ruling concerning Indian tax law, holding that the mere identification of bogus purchases does not automatically justify additions under Section 69C of…