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Background Proceeds Linked To ‘Ansal Hub-83’ Project Provisionally Frozen Under PMLA. The Gurugram Zonal Office of the Directorate of Enforcement has provisionally attached…
Background The Mumbai Bench of the Income Tax Appellate Tribunal, Mumbai Bench has set aside the dismissal of an assessee’s appeal that was rejected by the National Faceless…
Background The Mumbai Bench of the Income Tax Appellate Tribunal set aside a high-value reassessment against taxpayer Ramesh Purshottam Modi for Assessment Year 2015–16, deleting…
Background The Mumbai Bench of the Income Tax Appellate Tribunal ITAT has partly allowed the appeal of taxpayer Pooja Vinod Wadhwani by restoring a significant portion of the cash…
Penalty Under Section 271 1 c Not Sustainable Where Income Is Assessed on Estimation Basis The Mumbai Bench of the Income Tax Appellate Tribunal has dismissed the Revenue’s appeal…
Tribunal Takes Liberal View on Delay, Restores Appeal The Delhi Bench ‘G’ of the Income Tax Appellate Tribunal has condoned a 36-day delay in filing appeal by M/s Chandra…
Tribunal Finds Reopening Beyond Statutory Limitation The Delhi Bench of the Income Tax Appellate Tribunal set aside reassessment proceedings initiated against Sai Expo Fab Pvt.…
Background The Mumbai Bench of the Income Tax Appellate Tribunal has set aside an order of the National Faceless Appeal Centre dismissing an appeal solely on the ground of an…
Allotment Letter Held Relevant for Section 56 2 x Computation The Mumbai Bench of the Income Tax Appellate Tribunal granted substantive relief to Ms. Cherie Tandon Saldahna in a…
Disciplinary Action Following Expulsion by Valuers’ Organisation The Insolvency and Bankruptcy Board of India has cancelled the registration of Mr. P. Natarajan as a registered…
Assessee’s Absence and Limited Scope of Appeal Prove Decisive The Mumbai “SMC” Bench of the Income Tax Appellate Tribunal dismissed the appeal filed by Santilal Beni Gupta for…
The Central Government has appointed Shri Ashutosh Mishra, Additional Secretary, as an ex-officio member of the Insolvency and Bankruptcy Board of India IBBI , representing the…
Background The Mumbai Bench of the National Company Law Tribunal has approved the resolution plan submitted by Medec Infra Private Limited for the revival of Vetshield…
The National Company Law Tribunal, Mumbai Bench, has approved the resolution plan submitted by Supreme Capinfra Private Limited for C & M Farming Limited under Section 31 of the…
The Insolvency and Bankruptcy Board of India has released a discussion paper dated 16 February 2026 proposing significant refinements to the Corporate Insolvency Resolution…
Background The Income Tax Appellate Tribunal Mumbai Bench has remanded a capital gains dispute for fresh adjudication after observing that income arising from a jointly owned…
Background The Income Tax Appellate Tribunal Delhi Bench on Monday dismissed a departmental appeal after the Revenue admitted that it was a duplicate filing against the same…
Background The Income Tax Appellate Tribunal Delhi Bench has set aside the reassessment proceedings initiated against Quetzal Buildtech Private Limited for Assessment Year…
Background The Income Tax Appellate Tribunal Delhi Bench has set aside a reassessment order for Assessment Year 2011–12 after holding that the mandatory statutory sanction for…
Background The Income Tax Appellate Tribunal Bangalore Bench has restored to the Assessing Officer the case of Smt. Archana Ravi Kumar for Assessment Year 2018–19, setting aside…
Dispute Over Excess Interest Paid The assessee, an individual engaged in business, had claimed deduction of interest paid on loans obtained from individuals at 7 percent, after…
Background The Income Tax Appellate Tribunal Mumbai Bench has once again cautioned tax authorities against branding genuine stock market gains as sham transactions merely on the…
Background The Income Tax Appellate Tribunal Mumbai Bench has ruled that technical delay in filing Form 10AB cannot be used to deny final registration under Sections 12AB and 80G…
Background The Income Tax Appellate Tribunal Mumbai Bench has held that profits arising from the sale of shares received on demutualisation of the Bombay Stock Exchange cannot be…
Tribunal Flags Jurisdictional Overreach In Post-Search Proceedings The Income Tax Appellate Tribunal Mumbai Bench has set aside multiple additions made against Tin Tar Retail…
The Ranchi Zonal Office of the Directorate of Enforcement ED has filed a Prosecution Complaint before the Special Court CBI-cum-PMLA , Ranchi, against Maxizone Touch Pvt. Ltd. and…
Background The case concerned reassessment for Assessment Year 2015–16 against a non-resident individual who had invested in a Mumbai residential property. The tax department…
Legal Background The Supreme Court of India has delivered a landmark ruling clarifying that telecom spectrum, though reflected as an intangible asset in the books of telecom…
Background The First Appellate Authority of the Insolvency and Bankruptcy Board of India IBBI has dismissed an RTI appeal filed by Silpa Mukherjee seeking a copy of the 1986 Mitra…
The Government of India, through the Ministry of Finance Department of Revenue , has notified amendments to the existing duty drawback schedule under Notification No.…
The Directorate of Enforcement ED , through its HIU-1 Office, has moved the Special Court at Rouse Avenue, New Delhi, in the Videocon Mozambique Oil Deal case against Venugopal…
Background The Income Tax Appellate Tribunal has set aside reassessment proceedings initiated against Arun Duraiswamy for Assessment Year 2015–16, holding that the notice issued…
Background The Delhi Bench of the Income Tax Appellate Tribunal has struck down reassessment proceedings against K&S Fincon Pvt. Ltd. for Assessment Year 2013–14, holding that the…
Background The Income Tax Appellate Tribunal has set aside reassessment proceedings initiated against Arun Duraiswamy for Assessment Year 2015–16, holding that the notice issued…
Background The Delhi Bench of the Income Tax Appellate Tribunal has held that the National Faceless Appeal Centre NFAC erred in mechanically setting aside an assessment without…
Background Adarsh Developers, a partnership firm engaged in real estate development, had filed its return declaring nil income. The Assessing Officer reopened the assessment…
Background The Mumbai Bench of the Income Tax Appellate Tribunal has delivered an important ruling clarifying the application of Section 56 2 x of the Income Tax Act in cases…
Background The Delhi Bench of the Income Tax Appellate Tribunal has granted substantial relief to Singla Realtors Ltd for Assessment Year 2014-15, setting aside major additions…
Background The Delhi Bench of the Income Tax Appellate Tribunal has remanded the appeal of M/s AK Landcon Pvt. Ltd. for Assessment Year 2020–21, holding that the Commissioner…
Background The Assessing Officer had reopened the assessment under Sections 147 and 148 based on information from the DGIT Investigation , alleging that Armstrong Energy had…
The Directorate of Enforcement ED , Mumbai Zonal Office, has provisionally attached immovable properties worth ₹132.85 crore under the Prevention of Money Laundering Act, 2002, in…
The Directorate of Enforcement ED has provisionally attached assets worth ₹100.44 crore under the Prevention of Money Laundering Act, 2002, in connection with a large-scale…
The Directorate of Enforcement ED , Kolkata Zonal Office, has provisionally attached 51 immovable properties valued at approximately ₹200.02 crore under the Prevention of Money…
The Directorate of Enforcement ED , Hyderabad Zonal Office, has arrested Dr. Athuluri Namratha alias Pachipalli Namratha on February 12, 2026 under the Prevention of Money…
The National Company Law Tribunal, Mumbai Bench–I has approved the resolution plan submitted by a consortium comprising Oberoi Realty Limited, Shree Naman Developers Private…
The National Company Law Tribunal, Mumbai Bench Court-V has approved the resolution plan submitted by Arainfra Projects Private Limited for Megi Agro Chem Limited, under Section…
The National Company Law Tribunal, Chennai Bench Court–I has approved the resolution plan submitted by Guruswamy Ramamurthy, the suspended director and promoter of Rajeswari…
The Mumbai Bench-I of the National Company Law Tribunal has admitted an application under Section 95 of the Insolvency and Bankruptcy Code, 2016, initiating insolvency resolution…
The Mumbai Bench of the National Company Law Tribunal NCLT has dismissed a company petition filed under Sections 58, 59, 241, 242 and 244 of the Companies Act, 2013, holding that…
The National Company Law Tribunal, Bengaluru Bench, has condoned a delay of 36 days in filing a petition under Section 58 of the Companies Act, 2013, holding that the medical…
Background Proceeds Linked To ‘Ansal Hub-83’ Project Provisionally Frozen Under PMLA. The Gurugram Zonal Office of the Directorate of Enforcement has provisionally attached…
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