Mansi Yadav
Refund in Case of Export of Electricity: Key Legal Provisions, Procedure and Documentation under GST Law
Exports are a significant component of India’s growth strategy. The GST framework seeks to ensure that exported goods and services remain free...
![ITAT Upholds 6% Profit Estimation on Alleged Bogus Diamond Purchases, Dismisses Cross Appeals [Read Order]](https://images.taxscan.in/h-upload/2026/02/14/2125101-itat-upholds-profit-estimation-alleged-bogus-diamond-purchases-dismisses-cross-appeals-taxscan.webp "ITAT Upholds 6% Profit Estimation on Alleged Bogus Diamond Purchases, Dismisses Cross Appeals [Read Order]")
![lTAT Grants Relief to Tata AIG on Co-Insurance Fees, Employee Bonus Write-Back and Dividend Exemption [Read Order]](https://images.taxscan.in/h-upload/2026/02/14/2125090-ltat-grants-relief-tata-aig-co-insurance-fees-employee-bonus-write-back-dividend-exemption-taxscan.webp "lTAT Grants Relief to Tata AIG on Co-Insurance Fees, Employee Bonus Write-Back and Dividend Exemption [Read Order]")
![ITAT Quashes Reopening of Assessment against WBEIDC, Holds it was Based on Mere Change of Opinion [Read Order]](https://images.taxscan.in/h-upload/2026/02/14/2125083-itat-quashes-reopening-assessment-against-wbeidc-holds-based-mere-change-opinion-taxscan.webp "ITAT Quashes Reopening of Assessment against WBEIDC, Holds it was Based on Mere Change of Opinion [Read Order]")
![Interest u/s 220(2) Unsustainable Where Income Tax Demand Arose Only Through Subsequent Rectification Order: ITAT [Read Order]](https://images.taxscan.in/h-upload/2026/02/14/2125073-interest-unsustainable-income-tax-demand-arose.webp "Interest u/s 220(2) Unsustainable Where Income Tax Demand Arose Only Through Subsequent Rectification Order: ITAT [Read Order]")
Once Exercised, Section 115BAB Option Applies to Subsequent Years: ITAT Allows 15% Concessional Tax Rate [Read Order]
The Pune Bench of the Income Tax Appellate Tribunal (ITAT) has held that once a manufacturing company validly exercises the option for concessional taxation under Section 115BAB of the Income Tax Act,...
![Once Exercised, Section 115BAB Option Applies to Subsequent Years: ITAT Allows 15% Concessional Tax Rate [Read Order]](https://images.taxscan.in/h-upload/2026/02/14/2125081-section-115bab-option-applies-subsequent-itat-allows-concessional-tax-rate-taxscan.webp "Once Exercised, Section 115BAB Option Applies to Subsequent Years: ITAT Allows 15% Concessional Tax Rate [Read Order]")
‘Cast Iron’ Documentary Evidence of Identity and Banking Flow Discharges Onus: Calcutta HC Upholds ITAT Deletion u/s 68 [Read Order]
The Calcutta High Court has dismissed the Revenue’s appeal challenging the deletion of an addition of Rs. 7,26,50,000/- made under Section 68 of the Income Tax Act, 1961 on account of unexplained ...
![‘Cast Iron’ Documentary Evidence of Identity and Banking Flow Discharges Onus: Calcutta HC Upholds ITAT Deletion u/s 68 [Read Order]](https://images.taxscan.in/h-upload/2026/02/14/2125080-cast-iron-documentary-evidence-calcutta-hc-itat-taxscan.webp "‘Cast Iron’ Documentary Evidence of Identity and Banking Flow Discharges Onus: Calcutta HC Upholds ITAT Deletion u/s 68 [Read Order]")
No Seized Documents Supporting Findings of AO: ITAT Mumbai Deletes Estimated Additions on alleged [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has deleted additions made on account of alleged accommodation entries and circular trading, holding that no further income could be...
![No Seized Documents Supporting Findings of AO: ITAT Mumbai Deletes Estimated Additions on alleged [Read Order]](https://images.taxscan.in/h-upload/2026/02/14/2125075-no-seized-documents-supporting-findings-ao-itat-mumbai-estimated-bogus-transactions-taxscan.webp "No Seized Documents Supporting Findings of AO: ITAT Mumbai Deletes Estimated Additions on alleged [Read Order]")
Madras HC Dismisses Department's Appeal on Tax Holiday Deduction Computation u/s 80IA and 80HHC [Read Order]
The Madras High Court has dismissed a tax appeal filed by the Revenue, holding that losses or depreciation already set off in earlier years cannot be notionally carried forward for the purpose of...
![Madras HC Dismisses Departments Appeal on Tax Holiday Deduction Computation u/s 80IA and 80HHC [Read Order]](https://images.taxscan.in/h-upload/2026/02/14/2125066-madras-hc-dismisses-departments-appeal-tax-holiday-deduction-computation.webp "Madras HC Dismisses Departments Appeal on Tax Holiday Deduction Computation u/s 80IA and 80HHC [Read Order]")
Madras HC Allows Deduction u/s 37 of Compensation Paid for Exchange Rate Fluctuation as Business Expenditure [Read Order]
The Madras High Court has held that compensation paid by an assessee to its agent for losses arising due to foreign exchange rate fluctuation, caused by delayed payments, is allowable as a business...
![Madras HC Allows Deduction u/s 37 of Compensation Paid for Exchange Rate Fluctuation as Business Expenditure [Read Order]](https://images.taxscan.in/h-upload/2026/02/13/2125014-madras-hc-allows-deduction.webp "Madras HC Allows Deduction u/s 37 of Compensation Paid for Exchange Rate Fluctuation as Business Expenditure [Read Order]")
‘Test of Human Probability’ Cannot Disregard a Verified and Audited Paper Trail: Calcutta HC Upholds Deletion of ₹6.22 Cr Addition [Read Order]
The Calcutta High Court has upheld the deletion of an addition of ₹6.22 crore made under Section 68 of the Income Tax Act, 1961, on account of unexplained share capital and share premium. The Bench ...
![‘Test of Human Probability’ Cannot Disregard a Verified and Audited Paper Trail: Calcutta HC Upholds Deletion of ₹6.22 Cr Addition [Read Order]](https://images.taxscan.in/h-upload/2026/02/13/2125009-test-human-probability-cannot-disregard-verified-audited-paper-trail-calcutta-hc-taxscan.webp "‘Test of Human Probability’ Cannot Disregard a Verified and Audited Paper Trail: Calcutta HC Upholds Deletion of ₹6.22 Cr Addition [Read Order]")
![Delhi HC Dismisses Revenue Appeals on India-Switzerland Treaty Issue in Light of Recent Ruling [Read Order]](https://images.taxscan.in/h-upload/2026/02/13/2125002-delhi-hc-dismisses-revenue-appeals-india-switzerland-treaty-issue-light-recent-ruling.webp "Delhi HC Dismisses Revenue Appeals on India-Switzerland Treaty Issue in Light of Recent Ruling [Read Order]")