Corporate Law
Corporate Law
Lack of Bona Fides Defeats Corporate Applicant’s Section 10 CIRP Plea: NCLT Allahabad
NCLT Allahabad dismissed a Section 10 CIRP petition, finding lack of bona fides and efforts to stall the bank’s recovery proceedings.
Income Tax
Income Tax
Income Tax
Goods and Services Tax
Verified Only 10–12% of the Vouchers? That Alone Cannot Trigger Section 263
₹3.65 Crore Penalty Deleted After Stamp-Value Addition Cut to ₹21.63 Lakh: ITAT Mumbai
Notice Pasted on an Unidentified Locked Room: ₹1.46 Crore Reassessment Quashed
Composite or Mixed Supply? Determining GST Liability in Real-World Transactions
Income Tax
Income Tax
Income Tax
One Day, Two Opposite Assessments: ₹9.68 Crore Reassessment Quashed
Income Tax
Income Tax
Portal Upload Alone Cannot Establish Issue of Section 148 Notice: ITAT Bangalore
Income Tax
Income Tax
TP Adjustment Restricted to AE Transactions & Five Comparables Excluded: ITAT Bangalore
Income Tax
Income Tax
Malad Chamber Seeks Tax Audit Due Date Extension to 31 October 2026
Goods and Services Tax
Corporate Law
IBBI Further Extends PGIRP Forms Filing Deadline to 31 December 2026
Mere Mutation In Revenue Records Cannot Extinguish One’s Title In Property: SC
Trademark Assignment & Transmission: Procedure, Documents & Rules
Karnataka HC Refuses to Quash Homebuyers’ FIRs and PMLA Proceedings Against Ozone Urbana
Custom Duty
₹1.62 Crore Export Duty Refund Not Time-Barred After Reassessment: CESTAT Chennai
CIF Transaction Value Cannot Be Rejected on Upstream FOB Price: CESTAT Mumbai
Countervailing Duty Imposed on Calcium Carbonate Filler Masterbatch from Vietnam
Customs Notification 31/2026-Amends Notification 45/2025 to Revise BCD Rates
Company Law
ICAI Announces CA Foundation and Intermediate January 2027 Examination Schedule
Mudra Denim Ordered Into Liquidation After 99.89% CoC Approval: NCLT Mumbai
Can a Board Meeting and General Meeting Be Held on the Same Day?
Managing Director Criminal Liability Depends on Statutory & Personal Involvement
CA, CS, CMA
ICAI Live Virtual Revisionary Classes for CA Intermediate January 2027 Exams
ICAI Warns Against Wrong UDIN Category to Bypass 60 Tax Audit Ceiling
Analysis of Notifications and Circulars for Week Ending 13th September 2026
Service Concession Arrangements under Ind AS 115: Accounting for BOT Bus Stops
Judiciary & Case Law
All Judgments →
ITAT Mumbai
ITA 6744/MUM/2026
Section 143(3) Assessment Using Search Material Legally Unsustainable: ITAT Mumbai
Mumbai ITAT quashes section 143(3) search-based assessment for bypassing sections 147/148 and failure to establish section 148B approval.
September 24, 2026
ITAT Mumbai
ITA No. 5760/M/2025
Recorded Cash Sales Cannot Also Be Taxed Under Section 68: ITAT Mumbai
ITAT Mumbai deletes ₹61.44 lakh Section 68 addition as recorded jewellery cash sales explained demonetisation-period bank deposits.
September 24, 2026
ITAT Mumbai
ITA 4286/MUM/2026
Past Losses Cannot Turn DCF into NAV: ₹1.94 Crore “Angel Tax” Addition Deleted
Past losses alone cannot justify replacing an assessee’s DCF share valuation with NAV under Rule 11UA: ITAT Mumbai.
September 24, 2026
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