Tax Guru

Delhi HC Quashes Section 153C Notices Beyond 10-Year Limit

The Delhi High Court held that reassessment under Section 153C cannot exceed the ten-year block calculated from the date of ...
Tax Guru

Voluntary Insolvency of Printing Firm Approved by NCLT Mumbai under IBC Section 10

NCLT Mumbai found Section 10 petition complete, with no pending disciplinary issues against proposed IRP, and ordered ...
Tax Guru

Delhi HC Slam Customs for Illegal Disposal of Seized Gold & Withholding Refund

Delhi High Court expressed concern over the Customs Department’s conduct at IGI Airport after gold jewellery seized from ...
Tax Guru

Section 148 Notice Issued to Dead Person is Null & Void: Bombay HC

Bombay High Court quashed reassessment notices and order for AY 201819 after finding they were issued to a deceased individual, explaining that jurisdiction requires serving a living ...
Tax Guru

Delhi HC Criticises Income Tax Dept’s Delay, Grants Assessee Refund & Interest

Delhi High Court directed payment of ₹ 36.85 lakh plus interest after Income-Tax Department delayed acting on ITAT order on indexation for inherited asset of AY ...
Tax Guru

Matter was remanded as assessee failed to prove fulfillment of conditions for not being treated as default taxpayer u/s 201

Disallowance under section 40(a)(ia) and liability under section 201 operated independently, and assessee could not escape TDS liability merely by making a partial disallowance in its ...
Tax Guru

Reassessment merely on DVO Report without AO’s Independent Inquiry was Invalid

AO must apply their own mind to the contents of the DVO report and any other available material as relying solely on a DVO’s report without any independent inquiry or satisfaction was a fundamental ...
Tax Guru

No Double Tax on Beneficiary When Trust Has Paid Tax: ITAT Mumbai

The ITAT Mumbai held that income already taxed in the hands of a trust cannot be taxed again in the hands of its beneficiary, deleting an addition of ₹1.24 ...
Tax Guru

NCLT Orders Liquidation of Corporate Debtor After CoC’s 100% Vote & Fraudulent Transactions

In the 8th CoC meeting on 13 June 2025, held via electronic mode, the RP apprised the CoC that no viable resolution plan was possible. After deliberations, the CoC unanimously resolved, with 100% ...
Tax Guru

Section 12AA Registration Alone Doesn’t Guarantee 80G Approval: SC

SC clarified that a trust’s 12AA registration isn’t enough to claim 80G benefit; the nature of its activities must be independently verified for charitable ...
Tax Guru

Reward to GST Evasion Informers Is Discretionary, Not Enforceable by Right: Delhi HC

Delhi High Court held that a GST evasion informer has no legal right to claim a reward, noting such grants are discretionary and not enforceable through ...
Tax Guru

CESTAT Quashes Customs Demand for Failure to Issue Mandatory Section 28(6) Notice

CESTAT Chennai held that a notice under Section 28(6) of the Customs Act is mandatory before confirming short payment of duty or penalty, setting aside the order against ...