Income Tax
Income Tax
AY 2015-16 Reassessment Notices Issued After 1 April 2021 Quashed: Chhattisgarh HC
Chhattisgarh HC quashes Section 148A(d) orders and Section 148 notices for AY 2015-16, following Supreme Court rulings on TOLA limitation.
Income Tax
Income Tax
Income Tax
Income Tax
No Section 14A Disallowance Without Exempt Income: ITAT Deletes ₹3.60 Crore Addition
Section 263 Revision for Section 14A Disallowance Without Exempt Income Quashed: ITAT Hyderabad
Section 271D Penalty Time-Barred; Later Notice Cannot Extend Limitation: Delhi HC
Stamp Duty Valuation Dispute Must Be Referred to DVO: ITAT Indore
Income Tax
Goods and Services Tax
Corporate Law
Section 14 SARFAESI Assistance Not Mandatory for Unopposed Possession: MP High Court
Additional CMM and ADM Can Exercise Section 14 SARFAESI Powers: Supreme Court
Old Syndicate Bank Cheque: Delhi HC Refuses to Quash Section 138 Case
Invalid Cheque of Merged Bank Does Not Attract Section 138 NI Act: Allahabad HC
Custom Duty
CBIC Revises Customs Tariff Values of Palm Oil, Gold, Silver and Areca Nuts from 16 October 2026
CBIC Reduces Duty Drawback Rates on Gold and Silver Jewellery from 15 October 2026
CBIC Appoints Mumbai Customs Adjudicating Authority for 60 Show Cause Notices
Customs Broker Licence Suspension Quashed for Breach of Mandatory Timelines: CESTAT Ahmedabad
Company Law
Delayed IBC Section 52 Election Bars Secured Creditor From Realising Assets Separately: NCLAT Delhi
Extension of Resolution Plan Payment Timeline Does Not Amount to Modification: NCLAT Delhi
Struck-Off Company Can Be Wound Up on Just and Equitable Grounds: NCLT Chennai
NCLT Ahmedabad Dispenses With Creditors’ Meetings in Wholly Owned Subsidiary Amalgamation
CA, CS, CMA
DGFT Revises Export Policy for Prepared Culture Media Under ITC HS 38210000
DGFT Extends Minimum Import Price on Glufosinate Imports Till 12th April 2027
DGFT Clarifies Silver Import Rules Under ITC(HS) 71069221: Authorisation Sufficient
DGFT Amends Para 4.49 of FTP 2023 for Rough Diamond Trading in Special Notified Zones
Judiciary & Case Law
All Judgments →
ITAT Delhi
ITA Nos. 287/Del/2016, 901/Del/2017, 6949/Del/2017 and 1024/Del/2016
Maruti Suzuki Wins Major Tax Disputes on Section 14A, R&D, Royalty and Transfer Pricing: ITAT Delhi
ITAT Delhi grants Maruti Suzuki relief on Section 14A, R&D deduction, royalty, transfer pricing, TDS and customs duty issues across three AYs.
October 16, 2026
Delhi High Court
ITA 213/2020, ITA 214/2020 and ITA 215/2020
Resulting Company Eligible for Section 35DD Deduction on Demerger Expenses: Delhi HC
Delhi HC examines Section 35DD demerger deduction, Section 14A disallowance, Rule 8D applicability and one-time lease rent.
October 16, 2026
Delhi High Court
ITA Nos. 548/2015 and 549/2015
Section 14A Disallowance Invalid Without AO’s Recorded Satisfaction: Delhi HC
Delhi HC holds that Rule 8D disallowance requires recorded AO satisfaction and deletes interest disallowance where borrowed funds were not used.
October 16, 2026
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Contributing Author
CA Manish Gugliya (FCA, DISA, M.Com.) is a practicing Chartered Accountant with over 20 years of…
