ITAT Kolkatatax
Section 148 Reopening Based on Incorrect Facts & Borrowed Satisfaction Quashed: ITAT Kolkata
The ITAT Kolkata ruled that reassessment based on incorrect factual assumptions is invalid and quashed the reopening.
Jul 5, 2026Read more →
Legal News & Insights
AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
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ITAT Delhitax
Amalgamation Goodwill Eligible for Depreciation; Notional Interest on AE Receivables Deleted: ITAT Delhi
The ITAT Delhi ruled that goodwill from amalgamation qualifies as a depreciable intangible asset, and deleted the TP adjustment for overdue AE receivables.
Jul 5, 2026Read more →
ITAT Ahmedabadtax
Assessment Order Passed on Deceased Person Is Nullity in Law: ITAT Ahmedabad
The ITAT ruled that assessment passed after the taxpayer's death is invalid in law, leading to the quashing of the order and treating remaining issues as academic.
Jul 5, 2026Read more →
Bombay High Courttax
CBDT Monetary Limit Exception Held Prospective; Low Tax Effect Appeals Disposed: Bombay HC
The Bombay High Court disposed of Revenue appeals below ₹50 lakh, ruling that the CBDT exception added on 20 August 2018 applies prospectively and not retrospectively.
Jul 5, 2026Read more →
ITAT Delhitax
Section 68 Addition on Sale of Previously Disclosed Shares Deleted to Avoid Double Taxation: ITAT Delhi
ITAT Delhi held that Section 68 was inapplicable where shares were disclosed in an earlier year and sale proceeds were already offered as income, thus avoiding double taxation.
Jul 5, 2026Read more →
Calcutta High Courttax
Section 68 Addition Rejected After Remand Report Confirmed Sale of Investments: Calcutta HC
Calcutta High Court dismissed the Revenue's appeal after the remand report confirmed that the disputed receipt was sale proceeds of investments rather than an unsecured loan. This ruling impacts the interpretation and application of Section 68.
Jul 5, 2026Read more →
Jammu and Kashmir High Courtcriminal
Recovery of Tainted Money & Credible Testimony Enough in Bribery Case
J&K HC upheld a one-year sentence for a forest corporation official in a bribery case, establishing that the recovery of tainted money and credible testimony can substantiate convictions.
Jul 5, 2026Read more →
Jharkhand High Courtcriminal
Jharkhand HC Denies Anticipatory Bail to Accounting Clerk
The Jharkhand High Court denied anticipatory bail to an accounting clerk accused of misappropriating ₹63 lakh under the 15th Finance Commission.
Jul 5, 2026Read more →
Karnataka High Courtcriminal
Karnataka HC Refuses to Quash UAPA FIR Against ₹100 Crore Funding Network
The Karnataka High Court upheld the Enforcement Directorate's authority to investigate and file an FIR under UAPA, rejecting the plea to quash the proceedings.
Jul 5, 2026Read more →
Debt Recovery Tribunalbanking
Tehsildar’s Possession Letter Not a SARFAESI ‘Measure’ for Limitation
The DRT ruled that a Tehsildar's possession letter does not extend SARFAESI limitation periods, asserting that borrowers must act within a 45-day window.
Jul 5, 2026Read more →
Kerala High Courtcorporate
Kerala HC Upholds NCLT's Authority to Entertain Additional Pleadings
The Kerala High Court has reinforced that the NCLT can accept additional pleadings after the reply stage in IBC cases to uphold principles of natural justice.
Jul 5, 2026Read more →
Calcutta High Courtcorporate
Calcutta HC Returns Suit Challenging NCLT Valuation
The Calcutta High Court has returned a plaint challenging an NCLT-ordered valuation, citing lack of territorial jurisdiction and statutory bar.
Jul 5, 2026Read more →
NCLTcorporate
NCLT Finds No Genuine Dispute; Admits Insolvency Plea
The NCLT has admitted an insolvency plea, ruling that routine discussions on campaign optimization do not amount to a genuine pre-existing dispute.
Jul 5, 2026Read more →