Income Tax
Income Tax
ITAT Chennai Allows ₹3.38 Cr Renewable Power Business Expenses Before Actual Electricity Generation
ITAT Chennai allows Orient Green Powers business expenditure for AYs 2009-10 and 2010-11: business setup need not await power generation.
Income Tax
Corporate Law
Income Tax
Goods and Services Tax
ITAT Delhi Grants Leave Encashment Relief Applying ₹25 Lakh Exemption Limit
Delhi HC Rejects DRI Plea to Recall Bail in ₹33.21 Crore Gold Smuggling Case
ITAT Bangalore Deletes ₹1.79 Cr Penalty for Vague Misreporting Notice on Estimated Undisclosed Jewellery Income
Unaccounted Cash Alone Cannot Justify GST Seizure: Calcutta HC
Income Tax
Income Tax
Income Tax
Karnataka HC Quashes Reassessment of Land Revaluation Already Examined in Scrutiny
Income Tax
Income Tax
Welfare of Deceased Employees’ Families Qualifies as Charity: ITAT Delhi
Income Tax
Income Tax
ITAT Mumbai Quashes Reassessments for Five AYs Over Limitation and Invalid Sanction
Income Tax
Income Tax
ITAT Mumbai Quashes Time-Barred Section 148 Notice and Invalid Reassessment Approval
Goods and Services Tax
57th GST Council Reforms: Revolutionising Refunds for the Gems and Jewellery Industry
Mere Recital of Suppression Cannot Unlock Extended Limitation under Section 74 of CGST Act: SC
57th GST Council: Automatic Refunds, 90% Provisional Refund and ITC Relief
57th GST Council Meeting: Key Highlights and Strategic Implications for Businesses
Corporate Law
Preliminary Inquiry and Prior Hearing Not Mandatory Under Section 340 CrPC: Supreme Court
Wrong Statements Alone Cannot Justify Perjury Prosecution Under Section 340 CrPC: Supreme Court
NCLAT Delhi Upholds EMD Forfeiture on Liquidation Auction Payment Default
Supreme Court Upholds Reliance Infratel Resolution Plan and CoC Commercial Wisdom
Custom Duty
GST Invoices Cannot Discharge Section 123 Burden Without Credible Evidence: Allahabad HC
Counsel’s Undisputed Illness Justifies Restoration of Time-Barred Customs Appeal: Madras HC
Unexplained Delay Defeats Immediate Customs Broker Suspension: Madras HC
Purchase Order Date Cannot Determine Importation for Project Import Benefit: Madras HC
Company Law
Supreme Court Explains Shareholder Oppression, AGM Notice and Rights Issue Rules
Mere Non-Payment Does Not Establish Wilful Contempt: NCLT Ahmedabad
Quashed NCLT Order Cannot Justify Continued Seizure of Company Records: NCLAT Delhi
Tata Steel–Rujuvalika Amalgamation Sanctioned With Retrospective Appointed Date: NCLT Mumbai
CA, CS, CMA
Inventory Audit vs Stock Verification: Key Differences, Procedures and Red Flags
Rounding-Off Rules Under Income Tax, GST, Companies Act and CPC
ICAI Empanelment to act as Observers at Examination Centres – January 2027
How Professional Qualification and Practical Experience Shaped Samyak Jain’s KPMG Career in Audit
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
DGFT Allocates 5,841 MT Sugar Export Quota to EU under TRQ for 2026-27
Judiciary & Case Law
All Judgments →
ITAT Raipur
ITA No. 223/RPR/2023
ITAT Raipur Quashes Assessment Based on Section 143(2) Notice by Wrong Officer
ITAT Raipur quashes AY 2015-16 assessment because the Section 143(2) notice was issued by an ITO lacking pecuniary jurisdiction.
October 13, 2026
Supreme Court of India
Petition(s) for Special Leave to Appeal (C) No. 1342/2025
SC Dismisses SLP Against Validity of Section 143(2 Scrutiny Notice Issued by Prescribed Authority
Supreme Court dismisses SLP against Delhi HC ruling upholding CBDT-authorised ACITs jurisdiction to issue Section 143(2) scrutiny notices.
October 13, 2026
Delhi High Court
W.P.(C) 13788/2024
AO or Prescribed Authority Can Issue Section 143(2) Scrutiny Notice: Delhi HC
Delhi HC upholds Section 143(2) scrutiny notice issued by CBDT-authorised ACIT/DCIT under Rule 12E and dismisses taxpayer's jurisdictional challenge.
October 13, 2026
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Contributing Author
CA Manish Gugliya (FCA, DISA, M.Com.) is a practicing Chartered Accountant with over 20 years of…
