Judgement

ITAT held that GST collected on behalf of the Government under the exclusive accounting method cannot be treated as taxable income, upholding the deletion of a Rs 4.07 crore addition.

ITAT Upholds Deletion of Rs 4.07 Crore Addition on GST Accounting Issue

The ITAT Delhi holds outsourcing manufacturing work to Karigars within SEZ does not disqualify the assessee from Tax Exemption.

ITAT Holds Handmade Production Through Karigars Eligible

The RBI has imposed a Rs 9 lakh penalty on MobiKwik for permitting PPI transfers to non-pre-registered beneficiaries beyond the prescribed time limit and failing to report certain frauds within the stipulated timeframe.

RBI Imposes Rs 9 Lakh Penalty on MobiKwik for Violating PPI and Fraud Reporting Norms

The ITAT quashed the assessment against Pioneer Town Planners Pvt. Ltd., holding that the ACIT could not assume jurisdiction without a valid transfer order under Section 127 of the Income Tax Act, 1961.

ITAT Quashes Assessment Order as ACIT Lacked Jurisdiction Without Transfer Order under Section 127 

The ITAT Delhi has held that Assessment based on search material cannot be completed through regular scrutiny proceedings.


ITAT Quashes Assessment Under Section 143(3) Where Search-Related Information Mandated Reassessment 

The ITAT deleted the Section 14A disallowance  due to the absence of exempt income, while directing the AO to re-examine the TDS-related disallowance under Section 40(a)(ia).

ITAT Deletes Rs 12.57 Lakh Section 14A Disallowance as Cooperative Bank Earned No Exempt Income

The ITAT Delhi directs TPO to re-examine functional comparability, filters and operating margins while passing a reasoned order.

 ITAT Remands Transfer Pricing Adjustment for Fresh Examination of Comparables

Explore how B.Tech Biotechnology combines biology, engineering, programming, and hands-on lab training to prepare students for research and industry careers.

B.Tech Biotechnology in Delhi NCR: Exploring The Curriculum, College Facilities and Career Prospects

Explore what you can trade during Muhurat Trading 2026, including stocks, ETFs, futures, options and MTF, along with key details of the special Diwali trading session.

What Can You Trade During Muhurat Trading 2026? Stocks, ETFs, F&O and MTF Explained

Bharti Airtel will pay a Rs 1.07 lakh penalty imposed by DoT Maharashtra over alleged non-compliance with subscriber verification norms following an August 2026 CAF audit.

Bharti Airtel Receives Rs 1.07 Lakh Penalty Notice From DoT Maharashtra Over Alleged Subscriber Verification Violations

Rashi Peripherals faces a Rs 2.15 crore customs duty and penalty demand over alleged import misclassification and is considering challenging the order before CESTAT.

Rashi Peripherals Faces Rs 2.15 Crore Customs Duty and Penalty Demand Over Alleged Misclassification of Imported Goods, Considers CESTAT Appeal

A high-profile birthday bash at Rajkot’s Saraza Hotel was raided by LCB, with 38 people booked and prominent industrialists coming under police scrutiny.

High-Profile Birthday Party at Rajkot's Saraza Hotel Raided by LCB; Prominent Industrialists and Business Leaders Under Scanner

Income Tax

Finance

ICAI

ITAT Delhi

ITAT

Chartered Accountant

CBDT

ITAT Mumbai

The ITAT Delhi permitted Assessee to withdraw appeals after filing application before Tribunal.

Universal Unity Trust Withdraws Appeals Against CIT(E) Order

The ITAT Delhi holds satisfaction recorded after April 1, 2021, requires Reassessment under amended provisions.

ITAT Holds AO Should Have Invoked Sections 147 And 148A After April 2021 Amendment

The ITAT deleted Section 69C additions, holding that third-party GST data and unsupported allegations could not justify purchase additions when the books of accounts were not rejected.

ITAT Upholds Deletion of Rs 4.07 Crore Addition on GST Accounting Issue:

ITAT Upholds Deletion of Rs 4.07 Crore Addition on GST Accounting Issue

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