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Penalty u/s 271AAB(1A) can’t be levied on income offered during search in the absence of any incriminating material, as such income does not qualify as “undisclosed income” under the statutory definition.

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Levy of Penalty under Section 271AAB(1A) Scope of “Undisclosed Income” – Absence of Incriminating Material Case:  Shri Srinivas Chowdary Vallabhaneni Forum:  ITAT Hyderabad Appeal No.:  ITA No. 1461/Hyd/2025 Date of Order:  19 December 2025 Core Issue: Whether penalty under section 271AAB(1A) of the Income-tax Act, 1961 can be levied on income offered during search proceedings, … Read more

Accused Released After 24 Years of Incarceration Owing to Judicial Laxity: Allahabad High Court

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The Allahabad High Court, while acquitting an accused who had remained in prison for nearly 24 years in a dacoity case, has categorically held that an accused cannot be convicted solely on the basis of an ‘admission’ made under Section 313 of the Code of Criminal Procedure (Now Section 351, BNSS) unless the prosecution leads … Read more

TDS laibility u/s 195 of Indian Income Tax Act, 1961 on Overseas Commission

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  Whether commission paid by an export-oriented assessee to non-resident agents, for services rendered outside India, can be disallowed under section 37(1) of the Income-tax Act, 1961 on the ground of alleged lack of genuineness and non-deduction of tax at source, despite the commission being an essential and integral part of the export business and … Read more

Excluding one legal heir from the property does not render a will invalid: Supreme Court

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The Supreme Court, while delivering an important judgment in a family dispute relating to the partition of a father’s property, has clarified that if a will is proved in accordance with law, it cannot be treated as suspicious merely on the ground that one legal heir has been excluded from it. The Supreme Court said … Read more

Nature of Expenditure – Non-Compete Fee Capital or Revenue, Allowability of Depreciation under Section 32(1)(ii)

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Nature of Expenditure – Non-Compete Fee Capital or Revenue | Allowability of Depreciation under Section 32(1)(ii) Sharp Business System (India) Pvt. Ltd. v. Commissioner of Income Tax Supreme Court | Civil Appeal No. 4072 of 2014 & batch Judgment dated: 19 December 2025 I. Issues for Consideration (Para 5) 1.Whether non-compete fee paid by an … Read more

Whether the CPC can restrict the TDS Credit in processing u/s 143(1) of the Income Tax Act

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  Whether, while processing the return of income under section 143(1) of the Income-tax Act, 1961, the Centralised Processing Centre was justified in restricting the credit of tax deducted at source (TDS) claimed by the assessee, despite the TDS being duly reflected in Form 26AS, and whether such restriction is permissible in light of section … Read more

Court takes a stern view of illegal felling of 66 trees in Garden (Upvan), orders high-level inquiry : Allahabad High Court

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The Allahabad High Court on thursday has expressed strong displeasure over the illegal felling of 66 trees in a Garden (Upvan) situated near Sharda Mai Mandir, Mohalla- Ghasarpura, coming under the local limits of Nagar Palika Parishad, Barua Sagar, Jhansi and has ordered a high-level inquiry into the entire matter along with necessary action. A … Read more

Addition on Account of Alleged Bogus Purchases – Matter Remanded for Fresh Verification

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  ACIT, Circle-1 v. Taparia Tools Ltd., Nashik (and Vice-Versa) ITAT Pune | ITA No. 1337/PUN/2025 & CO No. 30/PUN/2025 Date of Order: 10 December 2025 Core Issue:-Whether purchases amounting to ₹87.64 crore made by the assessee from M/s Sharp King Trading Pvt. Ltd. (SKTPL) could be treated as entirely bogus and disallowed under section … Read more

Every Thought Contrary to the Indian Legal System Is a Punishable Offence: Allahabad High Court

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  The Allahabad High Court, while rejecting the bail application of an accused in the Bareilly violence case, has clearly held that, “….it is clear that the slogan raised by an individual person or by a crowd that ‘gustakh-e-nabi ki ek saja, sar tan se juda, sar tan se juda’ is a challenge to the … Read more

Case filed under wrong provisions in alleged Railway Recruitment Board Exam, grants bail: Allahabad High Court

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  The Allahabad High Court, while granting bail to an accused in an alleged cheating case related to the Railway Protection Force (RPF) Constable recruitment examination, held that the criminal proceedings initiated under the U.P. Public Examinations (Prevention of Unfair Means) Act, 2024 (U.P.Act No.8 of 2024) were legally erroneous. The Court clarified that examinations … Read more