A quick morning roundup of the tax and GST stories making news in India — tribunal rulings, department updates, due dates and compliance changes. Headlines are curated automatically from public sources; every item links to the original story.
The day's stories
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General Allegations Against Lender Cannot Justify Section 68 Addition: Mumbai ITAT
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Pending CIRP of Principal Borrower Does Not Prevent Guarantor Insolvency: NCLT Admits Canara Bank’s ₹119.64 Cr Plea [Read Order]
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Unsupported Adjustment Claims Cannot Constitute Pre-Existing Dispute: NCLT Admits ₹1.65 Cr Insolvency Plea u/s 9 IBC [Read Order]
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Is MBA from IIM Ahmedabad Worth it After CA?
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ITAT Surat Deletes Section 271(1)(c) Penalty on Estimated Bogus Purchase Addition
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Unauthorised WhatsApp Chats Cannot Establish Pre-Existing IBC Dispute: NCLT Delhi
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New Charitable Trust Need Not Prove Completed Activities for Section 12AA Registration: Calcutta HC
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ITAT Chennai Allows MRF’s Retention Money, Forex Premium and Warranty Claims
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Madras HC Sets Aside Reassessment Orders Over Section 151 Approval & Limitation
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CESTAT Allahabad Sets Aside Service Tax Demand Based Solely on Form 26AS Data
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SC Dismisses SLP Against Assessment Quashed for Untimely Section 143(2) Notice
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Delhi HC Quashes Assessment for Failure to Issue Timely Section 143(2) Notice
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How this digest works: stories are selected automatically from public RSS feeds (Taxscan, Economic Times, Moneycontrol) and published with links to the original source. The digest is a news roundup, not professional advice — always check the linked source for details, and ask us if a change affects your business.
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