Notifications

MoHFW has notified the Drugs (Fifth Amendment) Rules, 2026, deleting the exemption applicable to syrups under Schedule K.

Centre Notifies Removal of Syrup Exemption From Schedule K of Drugs Rules

Judgement

ITAT deletes Section 14A disallowance, holding no exempt income was earned during year.

Rs. 48.37 Crore Investments Triggered Rs. 43.42 Lakh Section 14A Disallowance; ITAT Deletes Addition Due to Absence of Exempt Income

ITAT deletes Section 68 addition after finding no evidence of accommodation entries or round-tripping.

Company Faced Rs. 23.98 Crore Section 68 Addition Over Preference Share Capital; ITAT Deletes Addition After Revenue Failed to Prove Round-Tripping

ITAT remanded an ex parte CIT(A) order for fresh adjudication, holding that appeals must be decided on merits and not dismissed solely for non-appearance.

Businessman Lost Income Tax Appeal Over Non-Compliance Notices; ITAT Restores Matter for Fresh Adjudication

The ITAT dismissed an assessee's appeal filed with a 754-day delay, citing the absence of a condonation application, unrectified defects, and lack of cooperation during proceedings.

Transport Operator’s Income Tax Appeal Dismissed After 754-Day Delay and Failure to Rectify Filing Defects

ITAT restored an ex parte tax appeal to the CIT(A), directing a fresh decision on merits after granting the taxpayer an opportunity to be heard.

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Centre Notifies Removal of Syrup Exemption From Schedule K of Drugs Rules

Rs. 48.37 Crore Investments Triggered Rs. 43.42 Lakh Section 14A Disallowance; ITAT Deletes Addition Due to Absence of Exempt Income

Company Faced Rs. 23.98 Crore Section 68 Addition Over Preference Share Capital; ITAT Deletes Addition After Revenue Failed to Prove Round-Tripping

Businessman Lost Income Tax Appeal Over Non-Compliance Notices; ITAT Restores Matter for Fresh Adjudication

Transport Operator’s Income Tax Appeal Dismissed After 754-Day Delay and Failure to Rectify Filing Defects

243-Day Delay in Filing Appeal Condoned; ITAT Bangalore Restores Ex-Parte Income Tax Appeal for Fresh Hearing