Income Tax
Income Tax
Reopening Merely for Verification Invalid; Supreme Court Dismisses Revenue SLP
Supreme Court dismissed Revenue’s SLP against Bombay HC ruling quashing Section 147 reopening based merely on verification of documents.
Income Tax
Corporate Law
Income Tax
Income Tax
Reopening Merely to Verify Documents Without Reason to Believe Invalid: Bombay HC
Audit Objection Cannot Reopen Assessment on Issues Already Examined by AO: Bombay HC
Addition Beyond Limited Scrutiny Scope Without Prior Approval Unsustainable: ITAT Delhi
₹2.48 Crore Section 68 Addition Deleted as Bank Credits From Money Transfer Business Explained: ITAT Mumbai
Income Tax
Income Tax
Income Tax
Section 271AAB Penalty Notice Must Specify Applicable Limb: ITAT Chennai
Income Tax
Income Tax
Section 271AAB Penalty Invalid if Notice Fails to Specify Applicable Clause: Madras HC
Income Tax
Income Tax
Section 271AAB Penalty Invalid if Notice Fails to Specify Applicable Clause: ITAT Hyderabad
Income Tax
Income Tax
10% Tax Demand Deposit Unjustified Where Trust Has Strong Prima Facie Case: Bombay HC
Goods and Services Tax
GSTAT Lucknow Quashes E-Way Bill Penalty for Bona Fide 9-Minute Delay
Recent GST Updates: GSTN Appeals, emSigner, GSTAT SOPs & Multistate Registration
Bank Credits Are Not Sales: Limits of Estimating GST Turnover from a Current Account
GST on Transfer of Leasehold Rights In Industrial Land: Is The Question Really Settled?
Corporate Law
Suppression of Material Facts Disentitles Litigant to Judicial Relief: Supreme Court
Amit Shah Highlights Dairy Cooperatives, White Revolution 2.0 and New Criminal Laws in Madhya Pradesh
RCMC Registration for Exporters: Eligibility, Documents, Process, Fees & ₹3 Lakh Exemption
Why Has No Distinguished Jurist Been Appointed Supreme Court Judge in 76 Years?
Custom Duty
Abatement of Customs Duty on Damaged Goods Under Section 22: Conditions, Valuation & Cases
Customs Duty Exemptions: Scope, Conditions and Principle of Strict Interpretation
Section 28 Customs Demand Does Not Require Prior Challenge to Self-Assessment: CESTAT Ahmedabad
Customs Cannot Reclassify 226 Auto Parts Without Article-Specific Findings: CESTAT Chennai
Company Law
Advance for Services is Operational Debt; Section 9 IBC Plea Maintainable: NCLAT Delhi
Independent Director under DPE Guidelines: Definition, Eligibility, Experience & IICA Test Exemption
NFRA Issues Going Concern Guidance on SA 570 for Auditors and Audit Committees
Secretarial Standards on Minutes under Companies Act, 2013: SS-1 & SS-2
CA, CS, CMA
Company Secretary of Tomorrow: From Compliance Officer to Governance Architect
ICAI Invites MCQs for Advanced Information Technology (IT) Test Question Bank
ICSI Seeks Recognition of Practising Company Secretaries under Partnership Act
ICSI Seeks PCS Recognition for Partnership Filings Before Maharashtra Registrar of Firms
DGFT Extends Minimum Import Price on Virgin Multi-layer Paper Board till 31 March 2027
REX Registration in India: Process, Documents, Rules of Origin & Benefits
DGFT Extends ₹1,774/Kg MIP on Sulfadiazine API Imports Till 30 November 2026
DGFT Extends USD 111/Kg Minimum Import Price on Specified Chemical Imports Till 30 November 2026
Judiciary & Case Law
All Judgments →
Bombay High Court
Writ Petition No. 3683 of 2023
Undisclosed CBEC Import Data Cannot Sustain ₹302.27 Crore Addition: Bombay HC
Bombay HC quashed ₹302.27 crore addition based on undisclosed CBEC import data and ordered fresh assessment after supplying complete details.
October 4, 2026
ITAT Mumbai
ITA No. 4742/MUM/2023
Vivad Se Vishwas Settlement of Original Assessment Cannot Close Reassessment Appeal: ITAT Mumbai
ITAT Mumbai restored AY 2014-15 reassessment appeal as Vivad Se Vishwas settlement related to the original assessment and not reassessment.
October 4, 2026
ITAT Hyderabad
ITA No. 887/HYD/2026
Husband’s Gift, Wife’s Tax: ITAT Rejects Clubbing Claim Over Delayed Disclosure: ITAT Hyderabad
ITAT Hyderabad sustains ₹75,725 capital gains addition despite Section 64 clubbing claim due to delayed disclosure of husband’s gift.
October 4, 2026
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Contributing Author
CA Manish Gugliya (FCA, DISA, M.Com.) is a practicing Chartered Accountant with over 20 years of…
