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Judiciary

Nominal Members No Bar to Section 80P Deduction; ITAT Sends Cooperative Society’s Claim Back for Fresh Examination

June 10, 2026 102 Views 0 comment Print

The Tribunal found that the authorities below failed to properly apply the principles governing section 80P deductions relating to nominal members, statutory deposits, and co-operative society investments. The matter was remanded for reconsideration in accordance with settled law.

ITAT deleted ₹90 Lakh on-money addition based on unsigned property agreement and unauthenticated search material

June 10, 2026 312 Views 0 comment Print

Addition of ₹90 lakh made under section 69A towards alleged cash payment for purchase of property as well as the addition made under section 69C on account of alleged unaccounted purchases was deleted as additions based solely on third-party documents, without independent corroboration or evidence directly linking the transactions to assessee were not sustainable in law.

Bangalore ITAT: CSR Donations Eligible for Section 80G Deduction; No 14A Disallowance When No Exempt Income Earned

June 10, 2026 174 Views 0 comment Print

The Tribunal noted that donations to Swachh Bharat Kosh and Clean Ganga Fund made towards CSR obligations are specifically excluded under section 80G, while no similar embargo exists for other eligible institutions. Consequently, the assessee’s claim for deduction was allowed in full.

EPCG Export Failure due to SARFAESI Auction: CESTAT waives Interest & Penalty, upheld duty demand

June 10, 2026 168 Views 0 comment Print

Where an EPCG licence holder becomes incapable of fulfilling export obligations due to unavoidable circumstances such as SARFAESI auction of imported assets, levy of interest and penalty cannot be sustained, particularly when customs duty has already been recovered through encashment of bank guarantees. Tribunal upheld only the customs duty demand while setting aside confiscation, interest and penalty.

No Addition for ‘Bogus Purchases’ When Exports, Stock Records & Quantitative Tally Match

June 10, 2026 300 Views 0 comment Print

The Tribunal emphasized that detailed quantitative reconciliation and accepted export realizations carried substantial evidentiary value in the diamond trade. In the absence of discrepancies in stock records or sales, the alleged bogus purchase addition was deleted in full.

SC Refuses Anticipatory Bail in ₹3,200 Crore Liquor Scam as Investigation was at a Crucial Stage

June 10, 2026 111 Views 0 comment Print

The Supreme Court refused anticipatory bail, holding that the High Court had rightly found prima facie material indicating involvement in the alleged liquor syndicate. The Court emphasized that serious corruption allegations warranted an unhindered investigation.

GST Registration Restoration Allowed subject to FIling of Pending Returns & Payment of Dues

June 10, 2026 240 Views 0 comment Print

The Gauhati High Court directed authorities to consider restoration of GST registration after the taxpayer filed pending returns and undertook to pay applicable tax, interest, late fees, and penalties. The ruling reiterates that eligible taxpayers may seek relief under Rule 22(4) of the CGST Rules.

Collective Freight Rate Fixation by Truck Unions Breached Competition Act: CCI

June 10, 2026 198 Views 0 comment Print

The Competition Commission found that truck associations collectively fixed freight charges beyond government-prescribed limits and restricted market competition. The ruling directs them to cease such anti-competitive practices.

No GST Refund as Foreign Group Entity Rendered Core Procurement Functions: GSTAT

June 10, 2026 321 Views 0 comment Print

The Tribunal held that procurement strategy, supplier oversight, and sourcing support formed part of a substantive procurement service. Since these services were provided on the supplier’s own account, refund of IGST was denied.

Allahabad HC Grants Bail as Victim Fails to Support Allegations during Investigation

June 10, 2026 90 Views 0 comment Print

The High Court granted bail in a POCSO case after noting that the victim did not support the prosecution story in her statements under Sections 161 and 164 Cr.P.C. The Court also considered the filing of the charge sheet and the applicant’s lack of criminal antecedents.

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