ITAT Mumbai’s recent decision in Anilkumar Champalal Jain Vs. ITO, where assessee’s lack of active engagement with tax authorities led to additional costs. Explore importance of taking tax obligations seriously and potential consequences of negligence.
ITAT Bangalore held that proviso to Section 36(1)(iii) of the Income Tax Act is not applicable in the present case as sufficient internal cash accruals available during the impugned year are more that interest free funds advanced to the sister concern.
CESTAT Chennai held that differential duty demand unsustainable as invoices for purchase of raw materials and invoices for clearances of finished products indicate that the appellant is an independent manufacturer.
ITAT Cuttack held that claim of exemption of long term capital gains (LTCG), from sale of equity shares, under section 10(38) of Income Tax Act, 1961 allowable as requisite conditions satisfied.
In the landmark case of ACIT vs Kamal Kapoor, ITAT Delhi invalidates reassessment order for lack of thorough examination and due diligence
ITAT Hyderabad in case of Shri Vijay Kumar Reddy Vs ACIT held that section 271AAC penalty not applicable if tax under section 115BBE of Income Tax Act is nil
ITAT Chennai has ruled that a dissolved company is exempt from Income Tax Assessment proceedings. The judgement underscores the definitive end of a company’s existence post-dissolution, exempting it from any further legal proceedings.
Bombay High Court’s ruling in Focus Ingredients Impex Vs State of Maharashtra case, centers on suspension of GST registration. Court’s directive for re-adjudication underlines importance of a fair and efficient tax system.
ITAT Ahmedabad, in Kunvarji Fincorp Vs DCIT held that denial of TDS credit due to assessee’s mistake or misunderstanding is impermissible
E-Invoice Verifier App developed by GSTN, offering a user-friendly solution for verifying e-Invoices – key features, benefits, and how to use the app for seamless e-Invoice verification.
