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Judiciary

₹14.25 Cr Share Premium Addition Restored as CIT(A) Order Set Aside for Unsubstantiated DCF Valuation: ITAT Delhi

February 6, 2026 669 Views 0 comment Print

The ITAT held that unsupported DCF valuation could not justify high share premium. The addition under Section 56(2)(viib) was restored after setting aside the appellate relief.

80-IBA Deduction Issue Sent Back to AO as CPC Disallowance Held Beyond Jurisdiction: ITAT Jodhpur

February 6, 2026 399 Views 0 comment Print

The Tribunal held that a short delay caused by hospitalisation must be condoned when supported by evidence. Procedural lapses cannot defeat substantive justice.

66 Day Delay Condoned Due to E-Filing Portal Unfamiliarity in Trust Registration Case

February 6, 2026 318 Views 0 comment Print

The ITAT condoned a 66-day delay after accepting that the trust was unfamiliar with the income-tax e-filing system. The matter was restored for fresh consideration with costs imposed.

Writ Disposed as GST Appellate Tribunal Becomes Functional with Filing Timeline

February 6, 2026 1386 Views 0 comment Print

The court declined to keep the writ pending once the appellate forum became functional, directing the taxpayer to pursue the statutory appeal. It reaffirmed that disputes must move to GSTAT when an effective remedy is available.

GST Assessment Order Set Aside for Lack of Personal Hearing Despite Portal Notice

February 6, 2026 513 Views 0 comment Print

The Court held that an assessment passed solely on GST portal notices without granting personal hearing was unsustainable and remanded the matter on payment of 25% of disputed tax.

Income-Tax Demand Quashed for Non-Deposit of Salary TDS by Employer

February 6, 2026 975 Views 0 comment Print

The Court held that an assessee cannot be denied TDS credit or saddled with tax demand when tax has been deducted from salary but not deposited by the employer.

₹3.40 Crore Housing Project Deduction Restored After Reopening Beyond 4 Years Set Aside

February 6, 2026 372 Views 0 comment Print

The ITAT held that reopening an assessment after four years without any new tangible material is invalid. A reassessment based merely on re-examining earlier facts was struck down as a change of opinion.

Bombay HC Allowed Additional Transfer Pricing Ground as AE Treated Tested Party

February 6, 2026 633 Views 0 comment Print

The Bombay High Court upheld the ITAT’s decision to admit an additional TP ground allowing reconsideration of AEs as the tested party. It held that no substantial question of law arose where the Tribunal remanded the issue for fresh factual examination.

Punjab & Haryana HC Denies Bail to Advocate in ₹30L Bribe Case

February 6, 2026 450 Views 0 comment Print

The High Court refused bail, holding that prima facie material showed demand and partial acceptance of illegal gratification. Such allegations were found to seriously undermine public confidence in the justice system.

Provisional Release Granted in Customs Seizure Case Subject to Enhanced Duty and Safeguards

February 6, 2026 402 Views 0 comment Print

The Court permitted interim release of seized imported goods upon payment of quantified enhanced duty and furnishing a bank guarantee. It clarified that adjudication proceedings may continue independently.

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