Judgement

The Tribunal relied on the Supreme Court's Ruling, which held that reopening cannot be based on mere suspicion or roving inquiry.

Reopening Based on "mere suspicion or roving inquiry" Invalid Under Section 147: ITAT

Articles

India’s Budget 2026 offers tax relief to foreign cloud companies using approved Indian data centres, encouraging investment.

Budget 2026 Brings Tax Relief for Foreign Cloud Companies in India

Income Tax Appellate Tribunal rules that additions under Sections 68 and 69 cannot survive when transactions are properly explained through audited books of account, statutory returns, and complete banking records

Income Tax: Section 68/69 Additions Fail When Proper Books, Returns and Bank Records Exist

The Finance Ministry informed about revenue collected from Aadhaar-PAN delay fees, GST late filing penalties, and bank charges for minimum balance and SMS services over recent years.

Govt Discloses Data on Aadhaar-PAN Fines, GST Return Filing Delays and Bank Service Charges

The Ministry of Finance outlined existing GST rates on assistive devices & explained why further exemptions depend on the GST Council.

GST Relief on Disability Aids? Govt Responds in Lok Sabha

Orders

ROC imposed a penalty on Hosak Industries and Officers for failing to File Reconciliation of Share Capital Audit Report.

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Reopening Based on "mere suspicion or roving inquiry" Invalid Under Section 147: ITAT

Budget 2026 Brings Tax Relief for Foreign Cloud Companies in India

Income Tax: Section 68/69 Additions Fail When Proper Books, Returns and Bank Records Exist

Govt Discloses Data on Aadhaar-PAN Fines, GST Return Filing Delays and Bank Service Charges

GST Relief on Disability Aids? Govt Responds in Lok Sabha

ROC Action: Penalty Imposed on Company and Officers for Delayed PAS-6 Filing