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Income Tax ₹6.24 Crore Goodwill Depreciation Allowed on Court-Approved Amalgamation: Calcutta HC Income Tax Educational Trust’s Gross Receipts Cannot Be Taxed Without Examining Exemption and Expenses: ITAT Pune Income Tax Gross Receipts Cannot Be Taxed Merely Because Section 11 Exemption Is Denied: ITAT Pune Income Tax Reassessment Based on Wrong Return-Filing Facts Quashed: ITAT Chandigarh Income Tax Reassessment Based on Wrong Sale-Purchase Facts Quashed: ITAT Amritsar Income Tax Goodwill Depreciation Allowed; ₹1,592.6 Crore Section 68 Enhancement Deleted: ITAT Hyderabad Income Tax Section 263 Revision Quashed: Goodwill Depreciation on Amalgamation Allowed by ITAT Chennai Income Tax Goodwill, Distribution Network and Customer Relations Depreciation Allowed on Amalgamation: ITAT Mumbai

Archive

Month: February 2026

2,250 articles

Income Tax

Additions u/s 69C & 68 Deleted – Clerical Error in Form 3CD; Ex-Parte Order Set Aside: ITAT Chennai

CA Vijayakumar Shetty8 months ago

Goods and Services Tax

Section 122 CGST: Proper Officer, Jurisdiction & Validity of Proceedings

Sushil Kumar Antal8 months ago

Finance

IFSCA Approves Draft Pension Fund Regulations 2026 for IFSC

Editor68 months ago

Income Tax

Depreciation on Slump-Sale Goodwill Allowed – Goodwill held as Bundle of Commercial Rights; FA 2021 Amendment not Applicable to AY 2018-19

CA Vijayakumar Shetty8 months ago

Finance

IFSCA GIC Regulations 2025: Key FAQs on Registration, Models & Compliance

Editor8 months ago

Income Tax

Developer Following Project Completion Method – Addition of Full Flat Sale Value Deleted; Income Taxable on Possession, not Registration

CA Vijayakumar Shetty8 months ago

Goods and Services Tax

Anti-Profiteering Complaint Dismissed After Re-Investigation Shows No ITC Gain

CA Sandeep Kanoi8 months ago

Goods and Services Tax

GSTAT Remands Case as Section 74 Not Sustainable Due to Absence of Fraud

CA Sandeep Kanoi8 months ago

Income Tax

No Disallowance u/s 14A Without Exempt Income – ₹43.23 Cr Addition Deleted: ITAT Mumbai

CA Vijayakumar Shetty8 months ago

Income Tax

Exemption u/s 11 Allowed – Lease to Group Concern not hit by s.13(3); Notional Rent & Denial of Exemption Unsustainable

CA Vijayakumar Shetty8 months ago

Goods and Services Tax

Three-Month Gap Between GST SCN and Order Mandatory: Bombay HC

Bimal Jain8 months ago

Goods and Services Tax

Karnataka HC Set Aside ITC Reversal for Not Following Circular 183 on GSTR-3B vs 2A Mismatch

Bimal Jain8 months ago

Goods and Services Tax

Summary DRC-01 and DRC-07 Without Reasons Invalid Under Section 75(6) Calcutta HC

Bimal Jain8 months ago

Goods and Services Tax

No ITC Reversal Required on Post-Sale Discounts if GST Paid via Debit Note: Gujarat HC

Bimal Jain8 months ago

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