Tag: Tax Dispute

The Karnataka High Court held that Minimum Average Balance (MAB) in bank accounts is not consideration for banking services and cannot be subjected to service tax under the Finance Act, 1994.

Team Law Notify High Courts June 21, 2026

June 20, 2026 : In a significant ruling, the Karnataka High Court has held that the maintenance of Minimum Average Balance (MAB) by bank customers is merely a contractual condition governing the banker-customer relationship and cannot be treated as consideration Read more…

ITAT Grants Relief to Taxpayer Raju Samsurat Yadav in Income Tax Dispute

Team Law Notify Commissions, Forums & Tribunals May 8, 2026

ITAT _ Income Tax Appellate Tribunal _ LawNotify

May 7, 2026 : The Income Tax Appellate Tribunal (ITAT) has delivered a significant ruling in favour of taxpayer Raju Samsurat Yadav, providing relief in an income tax dispute involving assessment and related additions made by the tax authorities. The Read more…