Judgement

The ITAT allowed a deduction under Section 80GGC for a genuine political donation, deleting the Rs 1 lakh addition due to lack of evidence of accommodation entries or any benefit received by the taxpayer.

Section 80GGC Deduction Cannot Be Denied Without Evidence, Rules ITAT Jodhpur

High Court quashes GST assessment after finding hearing granted before reply period expired.

HC Quashes GST Assessment Order as Personal Hearing Was Fixed Before Reply Deadline

The Income Tax Appellate Tribunal (ITAT) Delhi has held that notional interest on interest-free loans advanced to subsidiary companies cannot be brought to tax in the absence of actual accrual or receipt of income.

ITAT Deletes Notional Interest Addition on Interest-Free Loans to Subsidiaries and Remands Ad-hoc Capitalization of Installation Expenses

The Income Tax Appellate Tribunal (Delhi) has quashed an assessment framed under Section 153C as the AO failed to record a valid satisfactory note

ITAT Quashes Section 153C Assessment for Lack of Proper Satisfaction Note holding it as a  Mechanical Satisfaction Note

News

Company rejects fraud allegations and says interim regulatory findings remain non-conclusive and preliminary.

Company Clarifies Interim Market Regulator Order, Rejects Fraud Allegations.

Company Clarifies Interim Market Regulator Order, Rejects Fraud Allegations

Lakshadweep Excise Regulation, 2026 establishes a comprehensive legal framework for the manufacture, possession, import, export, sale, consumption, and taxation of liquor in the Union Territory of Lakshadweep.

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Section 80GGC Deduction Cannot Be Denied Without Evidence, Rules ITAT Jodhpur

HC Quashes GST Assessment Order as Personal Hearing Was Fixed Before Reply Deadline

ITAT Deletes Notional Interest Addition on Interest-Free Loans to Subsidiaries and Remands Ad-hoc Capitalization of Installation Expenses

ITAT Quashes Section 153C Assessment for Lack of Proper Satisfaction Note holding it as a Mechanical Satisfaction Note

Company Clarifies Interim Market Regulator Order, Rejects Fraud Allegations

President Notifies Lakshadweep Excise Regulation, 2026, to Regulate Manufacture, Sale and Consumption of Liquor