News & Judgements

The Mumbai Bench of the National Company Law Tribunal NCLT has ruled that disputes arising out of pre-insolvency contractual arrangements concerning development rights cannot be…

Background The National Company Law Tribunal, Mumbai Bench-I, has ruled that Aurashine Essentials Pvt. Ltd., which purchased a commercial unit of AJS Impex Private Limited through…

The Directorate of Enforcement conducted coordinated search operations at six premises in Ahmedabad under the Prevention of Money Laundering Act in connection with a major cyber…

The Directorate of Enforcement carried out coordinated search operations at six residential premises across Arunachal Pradesh and Assam in connection with the Trans-Arunachal…

The Directorate of Enforcement has filed a prosecution complaint before the Special PMLA Court at Mohali against Abhishek Kumar, Soul Healthcare I Pvt Ltd, Aster Pharma, and other…

Background The Directorate of Enforcement has filed a prosecution complaint in Kolkata under the Prevention of Money Laundering Act, 2002 against Sandip Ghosh and three other…

Remand Enquiry Confirms Genuineness of Unsecured Loans Under Section 68 The Mumbai “D” Bench of the Income Tax Appellate Tribunal dismissed the Revenue’s appeal challenging…

The Bangalore SMC Bench of the Income Tax Appellate Tribunal has condoned a 108-day delay in filing appeal and set aside the order of the National Faceless Appeal Centre which had…

The Ahmedabad “B” Bench of the Income Tax Appellate Tribunal has partly allowed the Revenue’s appeal in the case of Pancham Developers for AY 2017–18, holding that only the profit…

Mere Passage of Time and Search Admission Do Not Amount to Cessation of Liability The Bangalore SMC Bench of the Income Tax Appellate Tribunal has granted relief to Hassan Power…

Capital Gains Accepted, Corresponding Cash Receipt Cannot Be Branded Unexplained The Bangalore SMC Bench of the Income Tax Appellate Tribunal, presided over by Prashant Maharishi,…

Failure to Inquire Into Derivative and Share Transactions Rendered Reassessment Erroneous The Ahmedabad “D” Bench of the Income Tax Appellate Tribunal has dismissed the appeal…

CSR Donations Eligible Under Section 80G and Leave Encashment Provision Allowed The Mumbai “A” Bench of the Income Tax Appellate Tribunal partly allowed a batch of appeals filed…

Additions Under Section 68 Set Aside for Lack of Independent Enquiry The Mumbai “D” Bench of the Income Tax Appellate Tribunal dismissed the Revenue’s appeal against relief…

Hawala-Routed Overseas Assets Worth Over ₹44 Crore Detected in Searches The Directorate of Enforcement carried out search operations in Delhi under the Foreign Exchange Management…

Reopening Held Time-Barred Under Rajeev Bansal and TOLA Framework The Delhi Bench of the Income Tax Appellate Tribunal allowed the appeal filed by Shyam Gopal, holding that the…

ITAT Allows Full Section 54 Exemption Despite Minor Delay in Registration The Delhi “C” Bench of the Income Tax Appellate Tribunal held that the assessee was entitled to the…

Background The Mumbai “D” Bench of the Income Tax Appellate Tribunal set aside the penalty of ₹46.87 lakh imposed on Mark Engineers India Pvt. Ltd. for alleged under-reporting of…

Background The Mumbai “B” Bench of the Income Tax Appellate Tribunal condoned an extraordinary delay of 939 days in filing the appeal by Bhavik Shashikant Thakkar, noting that the…

Background The Mumbai “D” Bench of the Income Tax Appellate Tribunal held that penalty proceedings cannot be nullified merely because the assessment order mistakenly reflected Nil…

Background The Mumbai “B” Bench of the Income Tax Appellate Tribunal partly allowed the appeal filed by Better Value Leasing & Finance Ltd., an RBI-registered NBFC, against a…

Corporate Guarantee Adjustment Restricted to 0.5 Percent The Delhi Bench of the Income Tax Appellate Tribunal dismissed the Revenue’s appeal against Havells India Ltd., upholding…

Background The Mumbai “G” Bench of the Income Tax Appellate Tribunal has dismissed the Revenue’s appeal in a case involving Seth Damji Laxmichand Jain Dharma Sthanak for…

Background The Mumbai “D” Bench of the Income Tax Appellate Tribunal has remanded the case involving Murlidhar M Pichad HUF after holding that the first appellate authority…

The Goods and Services Tax Appellate Tribunal GSTAT , Principal Bench, New Delhi, has upheld the DGAP investigation report and ruled that Prateek Infraprojects India Pvt. Ltd. did…

The Directorate of Enforcement, Indore Sub-Zonal Office, has provisionally attached immovable properties valued at ₹39.91 lakh under the provisions of the Prevention of Money…

Background The Goods and Services Tax Appellate Tribunal GSTAT , Single Bench, Delhi PB , has confirmed profiteering of ₹90.90 lakh by C.G. Foods for failure to pass on the…

The Bangalore SMC Bench of the Income Tax Appellate Tribunal has partly allowed the appeal filed by Smt. Nafeeja Bi for Assessment Year 2017–18, condoning delays both before the…

The Income Tax Appellate Tribunal, Bangalore SMC Bench, has allowed the appeal of an NRI assessee, Shri Kandavara Abdul Basheer, for Assessment Year 2016–17 for statistical…

The Delhi “A” Bench of the Income Tax Appellate Tribunal has dismissed the appeal filed by Abhik Finance Pvt. Ltd. for Assessment Year 2016–17 after permitting its withdrawal. The…

The “C” Bench of the Income Tax Appellate Tribunal, Mumbai, has allowed the appeal filed by P Cube Construction Private Limited and deleted the penalty of ₹9.73 lakh levied under…

The “E” Bench of the Income Tax Appellate Tribunal, Mumbai, has granted significant procedural relief to Tirth Global Foundation by condoning delay and remanding its applications…

The “E” Bench of the Income Tax Appellate Tribunal, Mumbai, has dismissed the Revenue’s appeals for Assessment Years 2016–17 and 2018–19 in the case of Time Technoplast Ltd., vide…

The “H SMC ” Bench of the Income Tax Appellate Tribunal, Mumbai, has granted relief to Hira Manek Co-operative Housing Society Ltd. by condoning substantial delays of 679 days and…

Background The Mumbai Bench “B” of the Income Tax Appellate Tribunal has allowed the Revenue’s appeal in DCIT v. Mangalkalash Trading Pvt. Ltd. ITA No. 576/MUM/2019 , restoring…

The “A” Bench of the Income Tax Appellate Tribunal, Mumbai, has allowed the appeal filed by Mrs. Suneeta Sekhri legal heir of late Mr. Anmol Govindram Sekhri and set aside the…

The Court-V Special Bench of the National Company Law Tribunal, New Delhi, has deferred compliance proceedings in the insolvency matter between Busybees Logistics Solutions…

The Ministry of Finance, Department of Revenue, has issued Notification No. 04/2026–Central Excise dated 1 February 2026, amending the earlier Notification No. 03/2025–Central…

Background The Delhi Bench “I” of the Income Tax Appellate Tribunal has quashed the final assessment orders passed against ExxonMobil Gas India Private Limited for Assessment…

NRI Status and Overseas Income at the Core of Dispute The Ahmedabad “D” Bench of the Income Tax Appellate Tribunal has allowed the appeal filed by an NRI assessee, Vashdev…

Background The Ahmedabad “A” Bench of the Income Tax Appellate Tribunal has ruled in favour of Furnish Home, a partnership firm engaged in the trading of furniture and…

Confusion in Post-2021 Regime Cannot Prejudice Long-Registered Trusts The Ahmedabad “C” Bench of the Income Tax Appellate Tribunal has allowed two appeals filed by Shree Kukarwada…

Land Beyond Municipal Limits Held Outside Capital Asset Definition The Ahmedabad “D” Bench of the Income Tax Appellate Tribunal has dismissed the appeal filed by the Revenue in…

The Ministry of Finance, Department of Revenue, has issued Notification No. 02/2026–Central Excise dated 1 February 2026, amending Notification No. 11/2017–Central Excise. The…

The Directorate of Enforcement has facilitated the restitution of properties worth approximately ₹45 crore to Canara Bank in connection with a bank fraud and money laundering case…

The Directorate of Enforcement, Hyderabad Zonal Office, has successfully completed the restitution of five attached immovable properties to Punjab National Bank in a major bank…

Background The Mumbai Bench of the Income Tax Appellate Tribunal has granted substantial relief to Bank of India by deleting a major disallowance made under Section 14A of the…

Background The Mumbai Bench of the Income Tax Appellate Tribunal has dismissed the appeal filed by Vijay Raaz, thereby upholding the revisionary order passed by the Principal…

Background The Mumbai Bench-II of the National Company Law Tribunal has dismissed a batch of six interlocutory applications filed by multiple applicants seeking recognition as…

Background The Mumbai “H” Bench of the Income Tax Appellate Tribunal has passed a consolidated order in a batch of appeals involving Hindustan Unilever Ltd., dealing with…