CBIC updates include IRS promotions, Swachhta Awards, recognition on iGOT Karmayogi, and the seizure of drones worth ₹5.4 crore at Chennai Port.
ITAT Ahmedabad held that non-compliance to notices issued u/s. 250 by CIT(A) resulted into delayed appellate proceedings. Accordingly, cost of Rs. 5,000 imposed on the assessee for lack of diligence.
NCLAT held that contempt proceedings can only be maintained if non-compliance is attributable to an individual, rather than company as an inanimate juristic person
NCLAT Chennai dismisses appeal in P. Jayagovind vs Bijoy Prabhakaran case due to full implementation of the resolution plan under IBC Sections 30 & 31.
NCLAT Chennai rules against Lanco Infratech Employees Welfare Association’s claim for retention allowance, emphasizing lack of legal entitlement.
The ITAT Mumbai dismissed the Revenue’s plea on Section 14A disallowance, ruling that the amendment introduced in Finance Act 2022 is not retrospective.
Bombay High Court dismissed PCIT’s appeal in Pravin U. Parmar’s case, upholding ITAT’s 7% gross profit addition on alleged bogus purchases due to lack of evidence.
Jharkhand High Court grants anticipatory bail to a tax practitioner accused of aiding fraudulent GST registration, subject to conditions of cooperation and security.
Analysis of the Bombay High Court ruling on reopening income tax assessments for Aroni Commercials Ltd. under Section 148 of the IT Act, 1961.
The Bombay High Court ruled that reopening assessments under Section 148 based on audit objections without independent reasoning is invalid. Learn more about the case.
