Search Year Included In Extended 10-Year Limit For Reopening Income Tax Assessments: Gujarat High Court

The Gujarat High Court has recently held that while computing the extended ten-year period for reopening income tax assessments following a search, the assessment year in which the search was conducted must be included in the reckoning.The bench stated that "..... the assessment year relevant to the previous year of search becomes the reference year and the ten-year period is counted from the end of that assessment year. This necessarily includes the search assessment year within the ten-year...

Bombay High Court Rejects NSEL Plea To Adopt Committee Mechanism To Assess Liability In ₹937 Crore Suit

The Bombay High Court on Monday rejected a notice of motion filed by National Spot Exchange Limited (NSEL) seeking application of a committee mechanism to its recovery suit involving alleged fraudulent and collusive commodity transactions against its former trading member, N.K. Proteins Ltd. and its promoters, directors, and related entities. Holding that the notice of motion was premature and that pleadings must be completed and issues framed before such relief can be considered, Justice Gauri...

No TDS Under Section 194-IA On Rural Agricultural Land Transactions: ITAT Ahmedabad

The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) 26 March, held that buyers of rural agricultural land are not required to deduct TDS under Section 194-IA of the Income Tax Act, and interest under Section 201(1A) is not leviable. The Bench, comprising Vice-President Dr. B.R.R. Kumar and Judicial Member Suchitra Kamble, dismissed the Revenue's appeal while confirming that Tarun Santramdas Varma (taxpayer) did not owe TDS on certain rural agricultural land transactions. The...

Disallowance Irrelevant Where Tax Liability Arises Under MAT: ITAT Ahmedabad

The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) on 26 March, reiterated that a disallowance computed under Rule 8D of the Income Tax Rules cannot be imported into the computation of book profit under the Minimum Alternate Tax (MAT) provisions. The Bench, comprising Judicial Member Suchitra Kamble and Accountant Member Narendra Prasad Sinha, allowed the appeal filed by Shalby Ltd., observing that even if the alleged disallowance were made, it would not impact the taxpayer's...

LiveLawBiz Indirect Tax Weekly Round-Up: March 23 - March 29, 2026

SUPREME COURTSupreme Court Sets Aside HC Ruling Granting Electricity Duty Relief To Reliance, Other Captive Power IndustriesCase Title : The State of Maharashtra vs Reliance Industries Ltd & Ors Case Number : C.A. No. 3012-3026/2010 CITATION : 2026 LLBiz SC 130The Supreme Court on Wednesday set aside the Bombay High Court's 2009 rulings that had granted electricity duty relief on captive power generation to industries, including Reliance Industries Ltd., for the period between 2000 and...

'Expanded Fire Clay' Qualifies As Ceramic Product Under Chapter 69 If Fired After Shaping: CESTAT Bangalore

On 24 March, the Bangalore Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) held that “Expanded Fire Clay Grog” is correctly classifiable as a ceramic product under Customs Tariff Heading (CTH) 6902. A Bench of Judicial Member Dr. D.M. Misra and Technical Member R. Bhagya Devi allowed the appeal filed by Saint-Gobain India Pvt. Ltd., holding that the product satisfies the essential requirement for classification under Chapter 69, namely: “fired after shaping.” The...

After Pan Products Company Agrees to Deposit ₹3.5 Crore Of GST Demand, Supreme Court Stays Coercive Action

The Supreme Court has directed Simla Gomti Pan Products Pvt. Ltd. to deposit Rs 3.5 crore in a GST dispute and ordered that no coercive action be taken against it for now. A bench of Justice J.B. Pardiwala and Justice K.V. Viswanathan was hearing the company's challenge to a November 3, 2025, judgment of the Allahabad High Court, which had refused to entertain its writ petition. The company had earlier approached the High Court against assessment orders for 2021–22 and 2022–23, contending that...

Reassessment Beyond Three Years Without PCCIT Approval Invalid: ITAT Chennai

The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) on 25 March held that reassessment proceedings initiated beyond three years from the end of the relevant assessment year are invalid if the Assessing Officer does not obtain prior approval from the Principal Chief Commissioner of Income Tax (PCCIT), as mandated under the Income Tax Act. The Bench, comprising Judicial Member Aby T. Varkey and Accountant Member S.R. Raghunatha, set aside the reassessment notice issued against Vasanthi...

LiveLawBiz Direct Tax Weekly Round-Up: March 23 - March 29, 2026

HIGH COURTSGujarat HCBona Fide Delay Justifies Tax Benefit, “Genuine Hardship” Must Be Liberally Applied: Gujarat High CourtCase Title : Herald Global Ventures Pvt. Ltd v. The Chief Commissioner of Income Tax Case Number : R/SPECIAL CIVIL APPLICATION NO. 11722 of 2024 CITATION : 2026 LLBiz HC(GUJ) 43The Gujarat High Court on 16 March, held that a bona fide delay of 53 days in filing Form 10-IC cannot deprive an eligible taxpayer of concessional tax benefits. The expression “genuine hardship”...

CESTAT Bangalore Allows SEZ Unit Service Tax Refund On Employee Group Medical, Personal Accident Insurance

The Customs, Excise & Service Tax Appellate Tribunal (CESTAT), Bangalore has set aside the rejection of a service tax refund claim filed by ANZ Support Services India Pvt. Ltd., an SEZ unit, holding that denying refund on the ground that employee group medical and personal accident insurance do not fall within “General Insurance Services” is “absolutely irrelevant” in the facts of the case. A bench comprising Judicial Member P.A. Augustian and Technical Member R. Bhagya Devi while dealing...

Overall Assessment Time Limit Applies Even In Dispute Resolution Panel Cases: ITAT New Delhi

The Delhi Bench of the Income Tax Appellate Tribunal has ruled that final assessment orders under Section 144C (DRP route) must comply with the overarching time limit under Section 153 (assessment deadline), holding that orders passed beyond this limit are time-barred.A coram comprising Judicial Member Vikas Awasthy and Accountant Member Sanjay Awasthy was dealing with appeals filed by BT India Pvt. Ltd. for Assessment Years 2017-18 and 2018-19, wherein the primary issue was whether the...

Supreme Court Dismisses Fox Mandal's Appeal In ₹3.89 Crore Service Tax Case

The Supreme Court recently (March 25) dismissed an appeal filed by Fox Mandal and Company against the Commissioner of Central Goods and Service Tax, Noida, declining to interfere with the CESTAT order, which upheld service tax and CENVAT-related demands aggregating to about Rs. 3.89 crore.While refusing to interfere with the CESTAT judgment dated December 11, 2024, which had upheld substantial service tax demands and remanded certain issues for reconsideration, a bench of Justices Pamidighantam...