Income Tax Department Cannot Recover Pre-Resolution Tax Dues After NCLT Approval of IBC Plan: Gauhati High Court     Meghalaya Infratech Ltd. | 2026 TAXSCAN (HC) 1678 SEO Title: Gauhati High Court Says Pre-Resolution Income Tax Dues Extinguished After IBC Resolution Plan Approval Meta Description: Gauhati High Court rules that Income Tax Department cannot recover…

Himachal Pradesh High Court Quashes ₹117.94 Crore GST Recovery Notice Against Morepen Laboratories: Omitted Rule Cannot Sustain Tax Proceedings Without Saving Provision     Case: Morepen Laboratories Ltd. v. Union of India & Ors. CWP No.: 20929 of 2025 Court: Himachal Pradesh High Court Judgment Date: 12 October 2026 SEO Title: Himachal Pradesh High Court…

₹1.97 Crore in a Minor’s Name, But Taxed in Father’s Hands: Madras High Court Quashes Reassessment Against Minor     Liya Acharya (Minor) v. Union of India | W.P. No. 32492 of 2026 | Madras High Court | Order dated 29 September 2026 SEO Title: Madras High Court Quashes Reassessment Against Minor Where Income Was…

Excel Sheet Entry Alone Cannot Justify Addition under Section 69A: Delhi ITAT In the age of digital accounting, an Excel spreadsheet can contain hundreds of rows, thousands of figures and an entire history of transactions. But can a figure appearing in an Excel sheet, particularly one recovered from a third party, automatically become “unexplained money”…

Agricultural Income from Nursery: Delhi ITAT Reaffirms Exemption and the Principle of Consistency     Agricultural income enjoys a special position under the Income-tax Act, 1961. While Section 10(1) provides exemption in respect of agricultural income, the real controversy often lies in determining whether a particular receipt actually qualifies as “agricultural income” under Section 2(1A)….