Delay of 252 days condoned by ITAT; CIT(A) order dismissing JDA capital gains claim in limine set aside for failure to evaluate delay condonation.

By | June 22, 2026
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Delay of 252 days condoned by ITAT; CIT(A) order dismissing JDA capital gains claim in limine set aside for failure to evaluate delay condonation. Issue Whether the Income Tax Appellate Tribunal (ITAT) should condone a 252-day delay in filing an appeal by a deceased assessee’s legal heir, and whether the CIT(A) was justified in dismissing… Read More »

TPO cannot value actual intra-group services at ‘Nil’ based on a subjective ‘benefit test’, and sequential commercial disallowance under section 37(1) cannot survive if the TP adjustment is deleted.

By | June 22, 2026
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TPO cannot value actual intra-group services at ‘Nil’ based on a subjective ‘benefit test’, and sequential commercial disallowance under section 37(1) cannot survive if the TP adjustment is deleted. Issue Whether the Transfer Pricing Officer (TPO) was legally justified in determining the Arm’s Length Price (ALP) of intra-group services at ‘Nil’ based on a subjective… Read More »

Consequential verification by AO infirms PCIT’s revisionary order, but unverified CSR and TDS interest claims stand remanded.

By | June 22, 2026
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Consequential verification by AO infirms PCIT’s revisionary order, but unverified CSR and TDS interest claims stand remanded. Consequential verification by AO infirms PCIT’s revisionary order, but unverified CSR and TDS interest claims stand remanded. Issue Whether the Principal Commissioner of Income-tax (PCIT) was legally justified in invoking revisionary jurisdiction under section 263 on the grounds… Read More »

Corporate guarantee fees at 1% upheld; bad debts actual write-off and lease rentals allowed as revenue expense.

By | June 22, 2026
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Corporate guarantee fees at 1% upheld; bad debts actual write-off and lease rentals allowed as revenue expense. Issue Whether the TPO was justified in benchmarking a free corporate guarantee given to an overseas AE at an ALP of 1%, and whether the AO erred in disallowing an actual bad debt write-off and the principal component… Read More »

TPO cannot arbitrarily value management fees at ‘Nil’ or treat interest on receivables as a standalone transaction.

By | June 22, 2026
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TPO cannot arbitrarily value management fees at ‘Nil’ or treat interest on receivables as a standalone transaction. Issue Whether the Transfer Pricing Officer (TPO) was legally justified in reducing the Arm’s Length Price (ALP) of management fees and royalty payments to ‘Nil’, making a separate adjustment for interest on outstanding receivables, and disallowing late employee… Read More »

Assessee blocks uncorroborated search additions, but stock deficits and unproven HUF rents stand.

By | June 22, 2026
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Assessee blocks uncorroborated search additions, but stock deficits and unproven HUF rents stand. Issue Whether search-and-seizure-based additions concerning alleged on-money payments, unrecorded loose-paper transactions, protective gross profit adjustments, stock deficiencies, unaccounted purchases/sales, and unverified rental income claims are legally sustainable under the provisions of the Income-tax Act? Facts On-money & Third-Party Sheets (I & II):… Read More »

Assessee wins corporate guarantee, R&D, and registration claims; medical freebies and late welfare dues disallowed.

By | June 22, 2026
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Assessee wins corporate guarantee, R&D, and registration claims; medical freebies and late welfare dues disallowed. Issue Whether the various additions and disallowances made by the Assessing Officer (AO) for Assessment Year 2013-14—concerning corporate guarantees, interest on borrowings, weighted R&D deductions, product registration expenses, exempt income disallowances (under regular and MAT provisions), foreign exchange hedging losses,… Read More »

Composition of National ART and Surrogacy Board

By | June 22, 2026
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Composition of National ART and Surrogacy Board The Gazette of India CG-DL-E-22062026-273697 EXTRAORDINARY PART II—Section 3—Sub-section (ii) PUBLISHED BY AUTHORITY No. 3139] NEW DELHI, MONDAY, JUNE 22, 2026/ASHADHA 1, 1948 MINISTRY OF HEALTH AND FAMILY WELFARE (Department of Health Research) NOTIFICATION New Delhi, the 18th June, 2026 S.O. 3265(E).— In exercise of the power conferred… Read More »

Appointment in Delhi High Court

By | June 22, 2026
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Appointment in Delhi High Court Delhi Gazette SG-DL-E-22062026-273695 EXTRAORDINARY PUBLISHED BY AUTHORITY No. 150] NEW DELHI, TUESDAY, JUNE 9, 2026/JYAISTHA 19, 1948 [N. C. T. D. No. 68 DEPARTMENT OF LAW, JUSTICE AND LEGISLATIVE AFFAIRS NOTIFICATION Delhi, the 9th June, 2026 F. No. 6/1/2015/Judl./Suptlaw/1773-1781.— Under the provisions of Section 20 of the Punjab Courts Act,… Read More »

Notification bringing into force the provisions of the Jan Vishwas Amendments of Provisions Act 2026 relating to the Coastal Shipping Act 2025

By | June 22, 2026
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Notification bringing into force the provisions of the Jan Vishwas Amendments of Provisions Act 2026 relating to the Coastal Shipping Act 2025 The Gazette of India CG-DL-E-22062026-273694 EXTRAORDINARY PART II—Section 3—Sub-section (ii) PUBLISHED BY AUTHORITY No. 3134] NEW DELHI, SATURDAY, JUNE 20, 2026/JYAISTHA 30, 1948 MINISTRY OF PORTS, SHIPPING AND WATERWAYS NOTIFICATION New Delhi, the… Read More »