Income Tax
Income Tax
Section 144B Procedure Mandatory; Non-Compliant Assessment Is Non-Est: Bombay HC
Bombay HC quashes assessment for failure to follow mandatory Section 144B procedure applicable to an eligible assessee.
SEBI
Income Tax
Service Tax
Goods and Services Tax
SEBI Cannot Penalise Corporate Debtor for Pre-Acquisition Defaults After Resolution: SAT
ITAT Must Decide Delay Condonation Without HC Observations Influencing It: SC
Ocean Freight Service Tax Refund Filed Beyond Section 11B Limitation Rejected: CESTAT Delhi
GST Common Adjudicating Authority Valid for Composite SCNs: Delhi HC
Income Tax
Income Tax
Income Tax
Accepted TNMM Margin Bars Separate Benchmarking of IT Support Cost: ITAT Chennai
Income Tax
Income Tax
608-Day Delay Condoned Due to Bona Fide Section 264 Revision Pursuit: ITAT Mumbai
Income Tax
Income Tax
34-Day ITR Delay for Section 80P Deduction Condoned: Punjab & Haryana HC
Income Tax
Income Tax
Returned Income Above Rs. 20 Lakh Puts Case Beyond ITO Jurisdiction: ITAT Mumbai
Goods and Services Tax
GST Penalty Writ Challenge Relegated to Appellate Remedy by Delhi HC
ITC Blocking Without Pre-Decisional Hearing Set Aside: Karnataka HC
Delayed GSTR-3B Filing Withdraws Section 62 GST Assessment: Andhra Pradesh HC
GST Registration Cancellation Set Aside Subject to Filing Pending Returns: Gauhati HC
Corporate Law
Contractual Payment Dispute With Arbitration Clause Not Entertained in Writ: Calcutta HC
NCLAT Upholds ₹437.02 Lakh Contribution for Fraudulent Round-Tripping Transactions
Copyright Registration in India: Process, Documents, Benefits and 30-Day Objection Period
Share Purchase vs. Business Transfer Agreements in M&A Transactions
Custom Duty
Delayed Duty Drawback Recovery Beyond Reasonable Period Quashed: Madras HC
Bank Account Freeze Cannot Exceed Customs Section 110(5) Time Limit: Madras HC
Exporter’s Fraud Cannot Saddle Innocent DFIA Buyer With Duty: Calcutta HC
CBIC Allows Special Notified Zone at Surat International Diatrade Centre in Surat Diamond Bourse
Company Law
CA, CS, CMA
100 Powerful AI Prompts for Professional Auditors to Improve Audit Efficiency
ICSI Seeks Inclusion of Company Secretaries for DGFT E-Commerce Compliance Certification
ICSI Council Approves New Exam Centres and Chapter Jurisdiction Changes
Proposed Bank Strike Prompts ICAI Advisory on Audit and AGM Deadlines
Judiciary & Case Law
All Judgments →
Delhi High Court
CM(M) 1345/2019 &CM APPL. 40567/2019
Loan Recovery Suit Cannot Be Rejected Where TDS Extends Limitation: Delhi HC
SEO Description: Delhi High Court held TDS deposits and signed balance confirmations raised triable limitation issues, refusing rejection of loan recovery suit.
September 29, 2026
ITAT Mumbai
ITA 553/MUM/2026
Bhanwarlal Jain Investigation Alone Cannot Sustain ₹2 Crore Addition: ITAT Mumbai
ITAT Mumbai quashes reassessment as section 143(2) notice preceded return and also deletes ₹2 crore section 68 loan addition on merits.
September 29, 2026
ITAT Mumbai
ITA Nos. 1927 & 1928/MUM/2026
Stock Exchange Penalties for Procedural Lapses Allowable as Business Expenditure: ITAT Mumbai
ITAT Mumbai allows stock exchange penalties as business expenditure and deletes Section 270A penalty on education cess claim.
September 29, 2026
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CA Manish Gugliya (FCA, DISA, M.Com.) is a practicing Chartered Accountant with over 20 years of…
