ITATtax
ITAT Confirms TDS Disallowance on Project Support Costs
The Income Tax Appellate Tribunal (ITAT) has dismissed a claim relating to project support costs, reinforcing the need for TDS compliance in financial reporting.
Jun 22, 2026Read more →
Court News
Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
Income Tax Appellate Tribunaltax
Section 56(2)(x) Not Applicable When Property Consideration Previously Established
The ITAT has clarified that Section 56(2)(x) of the Income Tax Act does not apply when the property consideration is determined based on an earlier agreement.
Jun 21, 2026Read more →
Income Tax Appellate Tribunaltax
ITAT Remands Property Sale Gain and Share Investment Additions
The ITAT has ordered a fresh review of ₹30 lakh property sale gain and ₹10.83 lakh share investment additions, highlighting the failure to consider purchase costs and sources of funds in the original decision.
Jun 21, 2026Read more →
Income Tax Appellate Tribunaltax
ITAT Remands TP Adjustment Over Incorrect Entity-Level Method
The ITAT remanded a transfer pricing adjustment, citing errors in the computation of arm’s length price using incorrect entity-level metrics.
Jun 21, 2026Read more →
Supreme Court of Indiataxconstitutional
SC Refuses Hearing on Creamy Layer for North-East ST Income-Tax Exemptions
The Supreme Court declined to hear a request to implement a creamy layer system for Scheduled Tribes tax exemptions, deeming it a legislative matter.
Jun 21, 2026Read more →
Income Tax Appellate Tribunaltax
ITAT Allows Leave Encashment Deduction as Actual Business Expenditure
The ITAT ruled that CSR expenditure incurred before the 2015 statutory bar is allowable for AY 2012-13. It emphasized that the new provisions cannot be applied retroactively.
Jun 21, 2026Read more →
Karnataka High Courttaxbanking
Karnataka HC Rules on No Service Tax for Free Banking Facilities
The Karnataka High Court has ruled that free banking services, such as maintenance of Minimum Average Balance (MAB), do not constitute a taxable service, therefore exempting such services from service tax.
Jun 21, 2026Read more →
Gujarat High Courttax
Gujarat HC Dismisses Tax Appeal as DVO Reference Was Not Permissible Under Pre-2012 Section 55A
The Gujarat HC upheld the deletion of long-term capital gains, ruling DVO references pre-2012 were impermissible, rejecting Revenue's appeal.
Jun 9, 2026Read more →
Gujarat High Courttax
Gujarat HC Dismisses Section 68 Addition as Loan Identity, Source & Repayment Established
The Gujarat High Court upheld the dismissal of a ₹1 crore addition under Section 68 after confirming the loan's identity, source, and repayment evidence.
Jun 9, 2026Read more →
Rajasthan High Courttax
Rajasthan HC Quashes Section 148 Proceedings as Notice Was Issued Against a Deceased Person
The Rajasthan High Court ruled that reassessment notices sent posthumously were invalid; however, the Revenue may proceed against legal representatives per law.
Jun 9, 2026Read more →
Delhi High Courttax
Delhi HC Upholds Reassessment Notice as Time Granted for Reply is Excludable from Limitation
Delhi HC ruled that time taken by an assessee for response is excluded from the reassessment limitation period, validating the initiation of proceedings.
Jun 9, 2026Read more →
Gujarat High Courttax
Gujarat HC Deletes LTCG Addition as Penny Stock Allegation Was Unsupported by Evidence
The Gujarat High Court upheld the deletion of LTCG additions, concluding the Revenue's claims were based on assumptions without substantial evidence.
Jun 9, 2026Read more →