Commissions, Forums & Tribunals ITAT Delhi Deletes ₹75 Lakh Addition, Holds Cash Advance for Land Deal Cannot Be Treated as Unexplained Credit Team Law NotifyApril 18, 2026May 1, 20262 mins April 17, 2026 : The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that a cash receipt…
Commissions, Forums & Tribunals CESTAT: Delay Beyond 90 Days Under Customs Act Cannot Be Condoned, Appeals Dismissed Team Law NotifyApril 18, 2026May 1, 20263 mins April 17, 2026 : The Mumbai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has reaffirmed that…
Commissions, Forums & Tribunals ITAT Mumbai Allows Write-Off of ₹13.59 Crore as Business Loss in Foreign Subsidiary Case Team Law NotifyApril 18, 2026May 1, 20263 mins April 17, 2026 : The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has ruled in favour of Shreepati…
Commissions, Forums & Tribunals ITAT Delhi: Reassessment Beyond 3 Years Invalid Without Proof of ₹50 Lakh Asset, Notices Quashed in Vintage Distillers Case Team Law NotifyApril 18, 2026April 30, 20262 mins April 17, 2026 : The Delhi Bench ‘A’ of the Income Tax Appellate Tribunal (ITAT) has ruled that reassessment proceedings…
Commissions, Forums & Tribunals CESTAT Allows CENVAT Credit on Concessional CVD Paid on Imported Coal; Quashes ₹3.63 Crore Demand Against India Cements Team Law NotifyApril 18, 2026April 30, 20262 mins April 17, 2026 : The Chennai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has set aside…
Commissions, Forums & Tribunals NCLT Ahmedabad Rejects Section 9 Plea Against Electrotherm, Cites Pre-Existing Dispute Dr. K. S. MishraApril 18, 2026April 30, 20262 mins April 17, 2026 : The Ahmedabad Bench of the National Company Law Tribunal (NCLT) has dismissed a Section 9 application…
Commissions, Forums & Tribunals NCLT Ahmedabad: Foreign Currency Debt Must Be Converted at Invoice Date; Section 9 Plea Dismissed Below ₹1 Crore Threshold Team Law NotifyApril 18, 2026April 30, 20262 mins April 17, 2026 : The National Company Law Tribunal (NCLT), Ahmedabad Bench has held that where an operational debt is…
Commissions, Forums & Tribunals ITAT Chennai Deletes ₹60.60 Lakh Additions Under Section 69A; Allows Section 54 Relief on Explained Investment Dr. K. S. MishraApril 18, 2026April 30, 20263 mins April 17, 2026 : The Income Tax Appellate Tribunal (ITAT), Chennai Bench, has set aside additions aggregating to ₹60.60 lakh…
Commissions, Forums & Tribunals ITAT Delhi: Addition Under Section 69A Cannot Rest Solely on Retracted Search Statement Without Corroborative Evidence Team Law NotifyApril 18, 2026April 30, 20263 mins April 17, 2026 : The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has upheld the deletion of an addition of…
Commissions, Forums & Tribunals ITAT Mumbai: CIT(A) Cannot Introduce New Source of Income While Exercising Enhancement Powers Under Section 251 Team Law NotifyApril 18, 2026April 30, 20263 mins April 17, 2026 : The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that the Commissioner of…
