Kolkata ITAT rules in favor of Dream Valley Barter Pvt. Ltd., stating no addition under Section 68 for share premium if taxpayer proves identity and creditworthiness.
Kolkata ITAT justifies addition u/s 68 in ITO Vs Mangalvani Commercial Pvt. Ltd. for unexplained share capital & premium. Detailed analysis of the case provided.
Gauhati High Court quashes Income Tax Dept notice u/s 131(1A) for lack of basis, finding no evidence of concealed income in Pawan Kumar Garg Vs Union of India case.
Read the full judgment where Madras HC quashes GST demand order citing time-barred limitation in Super Recording Co. Ltd Vs Joint Commissioner case.
Discover the NCLAT Delhi’s verdict on Mukund Rajhans vs Rajasthan Patrika Pvt Ltd. The corporate debtor’s liability clarified in the latest NCLAT order.
Read the detailed analysis of Madras HC’s order directing 10% pre-deposit for fresh assessment in the case of Tvl. Sri Manikandan Plywoods vs Assistant Commissioner(ST)(FAC).
Madras High Court upholds decision quashing the assessment order issued beyond 3-year deadline under TN Entry Tax Act in the case of Tvl. Rason Earth Movers.
Dive into the case of Puthuval Associates vs. Commissioner of Customs regarding anti-dumping duty on green reflective glass from January 4th to May 22nd, 2009, analyzed in a CESTAT Bangalore order.
In a case before ITAT Delhi, it was ruled that payment made overseas for tariff information does not constitute ‘FTS’, hence no TDS deduction under section 195 is warranted.
CESTAT held that interpretation of policy provisions lies within jurisdiction of DGFT, whose opinion is binding. Therefore, restriction applied by Customs Department was deemed unsustainable.