Bangalore ITAT held that expenditure of Rs. 8.65 lakh on interiors of a new house qualifies for exemption under Section 54, reversing the disallowance made by tax authorities.
SC reaffirmed that disqualification of bids must strictly follow tender terms, holding that Mandi Parishad acted beyond its powers by rejecting a technical bid based on an unstated requirement for DM-issued solvency proof.
CESTAT Mumbai ruled that payments received by players for playing cricket are not taxable under Business Support Service, upholding the Commissioner’s decision that only promotional income, if any, could attract tax.
Delhi HC reviews CBDT’s decision to exclude Transfer Pricing (TP) cases from the extended ITR deadline, an unprecedented departure from past practice. The case addresses the arbitrary denial of relief to TP-only assessees, raising concerns over administrative fairness and compliance consistency.
ITAT Ahmedabad deleted the penalty under Section 270A(9) for an excess claim of deduction under Section 54F, ruling it was a computation error, not misreporting. The Tribunal held that since the assessee had fully disclosed all facts and the error didn’t involve fraud or suppression, the penalty couldn’t be sustained under the specific clauses of misreporting.
ITAT Ahmedabad partly allowed the Revenue’s appeal, fully upholding the addition for salary kickbacks based on overwhelming seized evidence showing a routine, systematic practice. The Tribunal confirmed that this consistent pattern justified extrapolation for the full year.
In a landmark ruling (Suo Motu W.P. (Crl.) No. 2 of 2025), Supreme Court held that lawyers cannot be summoned merely for offering legal advice or representing clients during investigations. The Court reaffirmed client-counsel privilege under Section 132 of the Bharatiya Sakshya Adhiniyam, 2023, directing that such summons be issued only in rare cases with senior approval, thereby safeguarding professional independence and legal confidentiality.
GST Rule 14A introduces a simplified registration scheme for small taxpayers with monthly output tax liability under ₹2.5 lakh. Aadhaar authentication is mandatory.
SC clarified that personal insolvency proceedings under Section 94 IBC do not stay criminal trials for cheque dishonour under Section 138 NI Act.
Gifts received from specified relatives are fully exempt from income tax under Section 56(2)(x). Learn the definition of ‘relative’ and mandatory ITR disclosure steps.
