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S. 68 Addition Can’t Survive After Taxpayer Proves Lenders’ Identity, Creditworthiness, Loan Genuineness: ITAT

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has deleted an addition...

‘Reason to Suspect’ Can’t Justify Income Tax Reassessment: Bombay High Court Quashes S. 148 Notice Over ₹15.56 Crore FDI

The Bombay High Court has quashed an Income Tax reassessment notice involving alleged escaped...

Parliamentary Panel Flags ‘Punitive’ Income Tax Regime, Questions Notices, Official Overreach and Rising Litigation

Members of the Parliamentary Standing Committee on Finance, cutting across political parties, have expressed...

ITO Cuts Rs. 1.42 Lakh Income Tax Demand to Rs. 671 Despite S. 154 Time-Limit Objection [READ ORDER]

In a significant taxpayer-relief case, the Income Tax Department has reduced a demand of...

Bombay High Court Quashes Rs. 20.16 Crore TP Adjustment as Mandatory SCN Was Not Served

The Bombay High Court has set aside a transfer pricing order proposing an adjustment...

Notice to Partnership Firm Sufficient for Auction of Firm’s Property to Recover Income Tax Dues: Madras High Court

The Madras High Court has ruled that the Income Tax Department is not required...

Sale of Plots Doesn’t Deny Charitable Status When Surplus Funds Public Welfare: Punjab and Haryana High Court

The Punjab and Haryana High Court has held that an improvement trust cannot be...

Non-Issuance of S. 143(2) Notice Invalidates Reassessment; Participation Can’t Cure Jurisdictional Defect: ITAT

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has quashed reassessment proceedings...

No Addition Merely on Entry Provider’s Statement Without Cross-Examination: ITAT Upholds Deletion

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has upheld the deletion...

Unsigned, Undated S. 151 Approval Invalid: Delhi ITAT Quashes Reassessment Over Rs. 51 Lakh Cash Deposits

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has quashed reassessment proceedings...

Forex Fluctuation Arising From Normal Business Transactions Is Operating Item for Transfer Pricing: ITAT

The Delhi Bench of the Income Tax Appellate Tribunal has held that foreign exchange...

S. 92BA Omission Is Prospective: ITAT Refuses to Quash Rs. 5.12 Crore TP Adjustment

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that the...

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JURISHOUR | TAX LAW DAILY BULLETIN : 11 SEPTEMBER, 2026

Here’s the Tax Law Daily Bulletin for September 11, 2026.GSTMANUFACTURE OR TRADING STATUS IRRELEVANT FOR...

Front-of-Pack Food Warning Labels Must Be Clear, Prominent and Scientifically Justified: Supreme Court Asks FSSAI to Clarify Proposal

The Supreme Court has directed the Food Safety and Standards Authority of India (FSSAI)...

DRI | 3 Years’ Custody and Slow Trial Alone Can’t Override NDPS Bail Bar in Commercial Quantity Case: Delhi High Court

The Delhi High Court has refused regular bail to a 70-year-old man accused of...

Rs. 22.44 Crore Customs Duty Evasion Case Involving Alleged Routing of Chinese Steel Pipes Through Thailand: Mumbai Court Grants Bail

The Additional Chief Judicial Magistrate at Esplanade, Mumbai, has granted bail to a businessman...