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Latest posts
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Non-Submission of CA Certificate Cannot Be Sole Ground for Denial of GST Input Tax Credit: GSTAT [Read Order]
The requirement of a CA certificate under Circular No. 183/15/2022-GST is a verification mechanism and not an additional condition for claiming input tax credit under Section 16 of the CGST Act.
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CESTAT Sets Aside ₹14.20 Lakh Excise Duty Demand on Raymond UCO Denim, Upholds Display Samples Not Branded Goods [Read Order]
CESTAT sets aside ₹14.20 lakh excise duty demand, holding non-commercial display samples bearing corporate identity not branded goods.
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CESTAT Sets Aside Service Tax Demand on Kalyan Jewellers, Rules Cost Sharing of Ads & Employee Reimbursements Not Taxable [Read Order]
CESTAT set aside service tax demand on advertisement cost-sharing and employee reimbursements, finding no suppression and extended limitation unsustainable.
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Indian Subsidiary and Foreign Parent Are Separate Legal Entities for Export-of-Services Assessment: GSTAT
Separate incorporation and principal-to-principal agreements supported export treatment, leading to refund of unutilised ITC with statutory interest.
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Lottery Prize Money Attracts 30% Income Tax Irrespective of Classification as Business Income SC Upholds Kerala HC Judgment [Read Order]
Lottery winnings taxable at 30% u/s 115BB of Income Tax Act
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GSTAT Grants Transitional ITC on Truck Purchased Before GST Implementation Despite Non-Filing of KVAT Form 25
Transitional credit of Rs. 1.76 lakh was allowed on a truck put to use after GST implementation despite procedural non-compliance under the earlier VAT regime.
- Non-Operational GSTR-2 Does Not Extinguish Interest Liability for Non-Payment to Suppliers Within 180 Days: GSTAT
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FERA Penalty Appeals Filed After FEMA Enactment Can Be Heard as Criminal Appeals: Calcutta HC [Read Order]
Proceedings arising from adjudication under repealed FERA retain the penal character
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GST Already Paid Cannot Be Recovered Again Due to Incomplete Appropriation: GSTAT
An incomplete adjustment of tax already paid could not sustain a fresh demand, while verification of invoices also established the disputed ITC claim.
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GSTR-2A Mismatch Due to Suppliers' B2C Reporting: GSTAT Accepts ITC Claim Supported by Tax-Payment Certificates [Read Order]
Incorrect B2C reporting by suppliers did not justify denial of ITC where tax payment was established and recovery proceedings also failed under Section 93.
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ITAT Deletes ₹4.27 Cr Capital Gains Addition, Upholds Taxability Proportionate to Stock-in-Trade Sales [Read Order]
ITAT deletes ₹4.27 crore addition, citing Section 45(2) and proportionate taxation of stock-in-trade sales to prevent double taxation.
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ITAT Upholds Deletion of ₹2.47 Cr TDS Demand on Franchise Expenses Paid to Distilleries [Read Order]
ITAT deletes ₹2.47 crore TDS demand, holding franchise profit transfers constitute business transactions, not technical service fees.
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Can a withdrawn SLP be Modified/Recalled? Legal Analysis after SC rejects Income Tax Dept’s Recall Plea in Nokia DTAA Case
The majority rulings of the apex court opposes recall of the dismissed SLP order or filing a second SLP on the same issue, specially without leave of the court.
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Supreme Court Upholds Reassessment Notice u/s 148, Allows Aggregation of Escaped Income Across Multiple Assessment Years u/s 149(1A) [Read Order]
Reassessment notice upheld despite escaped income of Rs. 31.80 lakh in AY 2018-19, as alleged bogus purchases across two years totalled Rs. 88.03 lakh.
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Interest accrued could not be treated as the Income as it was earned out of money given by the GoI: ITAT restored issue back to AO [Read Order]
Matter was remanded back to the Assessing Officer to examine the grant sanction letters and financial details afresh.
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Section 115BBE of Income Tax Act, 1961 cannot be invoked in AY 2017-18: ITAT directs AO to compute taxes as per applicable provisions
Support was drawn from the jurisdictional High Court ruling in Deepak Maratha v. UOI.
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Interest received on Enhanced Compensation u/s 28 of Land Acquisition Act is not taxable u/s 56(2)(viii) r.w.s. 57(iv) of IT Act: ITAT [Read Order]
Ultimately, both appeals filed by the assessee for Assessment Year 2019-20 (relating to the quantum addition and the penalty) were allowed.
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Inclusion of Revaluation Reserve in Cash Flow Statement attracts Disciplinary Actions: ICAI reprimands Bank's Auditor [Read Order]
Inclusion of revaluation reserve, being a non-cash item, in the in the cash flow statement under investing activities is not in compliance with the AS-3.
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Supreme Court & High Courts Weekly Round-Up
A Round-Up of the Supreme Court & High Court Cases That Were Reported at Taxscan Last Week from 24 October 2026 to 30 October 2026.
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[Breaking] ICAI to announce CA Foundation Exam Results This Week: Know the Date
The Foundation Exam is the entry-level test for the Chartered Accountancy course in India, conducted by the ICAI.