ITAT Deletes Section 68 Addition on Trade Creditors
The ITAT Lucknow has removed the Section 68 addition concerning trade creditors, reiterating that genuine purchases and accounting books cannot be disregarded without sufficient evidence.
Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The ITAT Lucknow has removed the Section 68 addition concerning trade creditors, reiterating that genuine purchases and accounting books cannot be disregarded without sufficient evidence.
The Mumbai ITAT has remanded an appeal concerning ₹99.38 lakh, instructing the CIT(A) to first assess the applicability of Section 249(4)(b) before considering the merits of the Section 69 addition.
The GSTAT in Bengaluru has remanded a dispute regarding ITC mismatch between GSTR-3B and GSTR-2A for fresh verification and personal hearing.
The Rajasthan High Court has emphasized the necessity of following mandatory requirements under Rule 86A prior to blocking Input Tax Credit (ITC).
The Rajasthan High Court has condoned the delay in a GST appeal based on medical reasons that were beyond the taxpayer's control.
The Madras High Court has upheld the negative blocking of the electronic credit ledger at the post-determination recovery stage under Section 79.
The GSTAT has upheld the validity of Electronic Gift Vouchers (EGVs) as a permissible transfer of GST benefits, mandating Sane Retails to deposit ₹10,241 into the Consumer Welfare Fund.

This article summarizes key ITAT cases reported during the week of 24 to 29 August 2026. Practitioners should review notable rulings critical for tax implications.
The Telangana High Court dismissed an Income Tax Appeal (ITTA) due to the tax effect being lower than the CBDT's monetary limit of ₹10 lakh. This reinforces strict adherence to CBDT guidelines on the maintainability of tax appeals.
The ITAT Jodhpur has ruled that the addition of ₹48.09 lakh by the Revenue based on the nature of BSNL trade discounts cannot be determined solely from Form 26AS. This decision highlights the importance of careful analysis in classification of income.

The Delhi High Court has clarified that the ₹75,000 late fee for delayed tax audits will not apply for the assessment year 2026-27, as existing penalties under Section 271B will continue. This maintains the status quo for tax practitioners this year.

The NCLT has rejected Ernst & Young's plea for a 1% success fee related to GST demand reduction, ordering the ICAI to investigate the matter further.