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ITAT Weekly Roundup
This weekly round-up encapsulates the key stories related to the Income Tax Appellate Tribunal (ITAT) reported at Taxscan, from June 21, 2026 to...
![NCLT Orders ₹24.45 Crore Repayment with 12% Interest After Fraudulent Property Deal [Read Order] NCLT Orders ₹24.45 Crore Repayment with 12% Interest After Fraudulent Property Deal [Read Order]](https://images.taxscan.in/h-upload/2026/07/11/2143124-fraudulent-property-deal-repayment-nclt-order-by-taxscan.webp)
NCLT Orders ₹24.45 Crore Repayment with 12% Interest After Fraudulent Property Deal [Read Order]
The order underscores that advances written off under dubious agreements can be clawed back under Section 66 of the IBC. By treating the transaction as fraudulent, the Tribunal reinforced creditor protection and accountability of suspended directors in insolvency proceedings.
![NCLT Orders ₹24.45 Crore Repayment with 12% Interest After Fraudulent Property Deal [Read Order] NCLT Orders ₹24.45 Crore Repayment with 12% Interest After Fraudulent Property Deal [Read Order]](https://images.taxscan.in/h-upload/2026/07/11/2143124-fraudulent-property-deal-repayment-nclt-order-by-taxscan.webp)
NCLT Orders ₹24.45 Crore Repayment with 12% Interest After Fraudulent Property Deal [Read Order]
The order underscores that advances written off under dubious agreements can be clawed back under Section 66 of the IBC. By treating the transaction as fraudulent, the Tribunal reinforced creditor protection and accountability of suspended directors in insolvency proceedings.



![Unpaid Transport Invoices Held as Operational Debt Despite Settlement Default: NCLT Admits Insolvency Plea u/s 9 [Read Order] Unpaid Transport Invoices Held as Operational Debt Despite Settlement Default: NCLT Admits Insolvency Plea u/s 9 [Read Order]](https://images.taxscan.in/h-upload/2026/07/12/2143196-nclt-2.webp)
![NCLT Directs Suspended Directors to Cooperate with RP in Greater Kailash Hospitals Insolvency, Orders Handover of Records and System Access [Read Order] NCLT Directs Suspended Directors to Cooperate with RP in Greater Kailash Hospitals Insolvency, Orders Handover of Records and System Access [Read Order]](https://images.taxscan.in/h-upload/2026/07/12/2143194-nclat-1.webp)
![GSTAT enables Token Generation in Appeal Filing to Protect Limitation Period: Know Complete Details [Read Order] GSTAT enables Token Generation in Appeal Filing to Protect Limitation Period: Know Complete Details [Read Order]](https://images.taxscan.in/h-upload/2026/07/12/2143181-gstat-1-.webp)






![No Tax on GST Refund Under Exclusive Method of Accounting: ITAT Sets Aside ₹2.34 Crore CPC Addition [Read Order] No Tax on GST Refund Under Exclusive Method of Accounting: ITAT Sets Aside ₹2.34 Crore CPC Addition [Read Order]](https://images.taxscan.in/h-upload/2026/07/11/2143119-itat-rules-gst-refund-not-taxable-under-exclusive-accounting-method-by-taxscan.webp)
![Disputed Service Tax Claims of Expired Contracts Cannot Override Independent Bank Guarantees: Calcutta HC Directs Refund of ₹1.27 Cr Deposits [Read Order] Disputed Service Tax Claims of Expired Contracts Cannot Override Independent Bank Guarantees: Calcutta HC Directs Refund of ₹1.27 Cr Deposits [Read Order]](https://images.taxscan.in/h-upload/2026/07/09/2142974-calcutta-hc-grants-relief-in-service-tax-case-by-taxscan-.webp)
![Wrongly Paid Service Tax cannot be taken as CENVAT Credit Suo Moto, Can Only seek Refund: Madras HC [Read Order] Wrongly Paid Service Tax cannot be taken as CENVAT Credit Suo Moto, Can Only seek Refund: Madras HC [Read Order]](https://images.taxscan.in/h-upload/2026/07/09/2142896-madras-hc-refund-not-suo-moto-cenvat-credit-taxscan.webp)
![Service Tax Paid on Consortium Leadership Fee Eligible for CENVAT Credit: CESTAT in Larsen & Toubro Case [Read Order] Service Tax Paid on Consortium Leadership Fee Eligible for CENVAT Credit: CESTAT in Larsen & Toubro Case [Read Order]](https://images.taxscan.in/h-upload/2026/07/06/2142670-consortium-leadership-fee-eligible-for-cenvat-credit-cestat.webp)
![VAT Return Figures Alone Cannot Sustain Service Tax Demand When ST-3 Receipts Match Records: CESTAT [Read Order] VAT Return Figures Alone Cannot Sustain Service Tax Demand When ST-3 Receipts Match Records: CESTAT [Read Order]](https://images.taxscan.in/h-upload/2026/07/02/2142075-st-3-records-prevail-over-vat-returns-cestat.webp)
![CENVAT Credit Cannot Be Denied Where Service Tax Paid Before Invoice Issuance: CESTAT in Allahabad Bank Case [Read Order] CENVAT Credit Cannot Be Denied Where Service Tax Paid Before Invoice Issuance: CESTAT in Allahabad Bank Case [Read Order]](https://images.taxscan.in/h-upload/2026/07/02/2142042-cenvat-credit-allowed-despite-pre-invoice-tax-payment-cestat.webp)
![Customs Appeal Filed By Sole Proprietor Abates Upon Death Unless Legal Representatives Seek Continuation of Proceedings: CESTAT [Read Order] Customs Appeal Filed By Sole Proprietor Abates Upon Death Unless Legal Representatives Seek Continuation of Proceedings: CESTAT [Read Order]](https://images.taxscan.in/h-upload/2026/07/10/2143052-customs-appeal-sole-proprietor-death-by-taxscan.webp)

Kavi Priya
![Service Tax Not Payable on liquidated damages collected from supplier on account of non-performance of the contracts: CESTAT [Read Order] Service Tax Not Payable on liquidated damages collected from supplier on account of non-performance of the contracts: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/CESTAT-CESTAT-Bangalore-Service-Tax-liquidated-damages-Taxscan.jpg)
Yogitha S. Yogesh
Rupesh Sharma


Saagarika Gopinath
Navasree A.M![Section 54 Exemption Explained: How to Save Crores in Long-Term Capital Gains Tax on Property Sales [Read Order] Section 54 Exemption Explained: How to Save Crores in Long-Term Capital Gains Tax on Property Sales [Read Order]](https://images.taxscan.in/h-upload/2026/07/11/2143160-section-54-capital-gains-exemption-by-taxscan.webp)
![SEBI-Linked Tower Infotech Dispute: Calcutta HC Orders Transfer of Rs. 1.38 Crores to One Man Committee [Read Order] SEBI-Linked Tower Infotech Dispute: Calcutta HC Orders Transfer of Rs. 1.38 Crores to One Man Committee [Read Order]](https://images.taxscan.in/h-upload/2026/07/11/2143127-calcutta-hc-orders-138-crore-transfer-in-tower-infotech-case-taxscan.webp)
![Trucks Auctioned Below Value: Calcutta HC Asks Borrower to Approach RBI Ombudsman in Prescribed Format [Read Order] Trucks Auctioned Below Value: Calcutta HC Asks Borrower to Approach RBI Ombudsman in Prescribed Format [Read Order]](https://images.taxscan.in/h-upload/2026/07/11/2143113-calcutta-hc-on-truck-auction-dispute-by-taxscan.webp)



