Assessee -cooperative marketing society limited, was subjected to revised assessments for 2008-09, 2009-10, and 2011-12. The assessments were initially deemed complete under Section 22(2) of the TNVAT Act.
Delhi High Court held that interest under section 42 of Delhi Value Added Tax Act entitled to the petitioner as department has illegally retained the money of the petitioner for the long time.
ITAT Mumbai held that unreasoned order confirming addition passed ex-parte is against the principal of natural justice and hence the matter is restored back to CIT(A) for fresh consideration.
ITAT Mumbai held that interest derived from deposits with co-operative banks is allowable as deduction under section 80P(2)(d) of the Income Tax Act to the co-operative society.
Adjudication order against KCP Infra for delays in filing resolutions under the Companies Act, 2013. Total penalty imposed: ₹10.49 lakhs. Appeals allowed within 60 days.
IBBI rejects RTI appeal seeking youngest and oldest insolvency professionals’ details, citing privacy concerns under Section 8(1)(j) of the RTI Act.
Registrar of Companies imposes ₹20,000 penalty on KCP Infra Limited for violating Rule 9A of Companies Act, 2013 by issuing physical securities.
ITAT Ahmedabad directs AO to reassess Vallabh Pesticides’ loan and credit entries, emphasizing a fresh review of evidence and loan credibility under Section 68.
From 2025, GST returns cannot be filed after three years from the due date. Taxpayers are advised to reconcile records and file pending returns soon.
ITAT Mumbai held that once the issue of reopening was examined in the scrutiny assessment proceedings, the reason framed under wrong facts are not valid reason, therefore such reasons to believe cannot be sustained. Thus, reopening of assessment quashed.
