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Archive: 16 February 2025

Posts in 16 February 2025

Webinar on Critical Issues in Faceless Assessments under Income Tax Act, 1961

February 14, 2025 9189 Views 0 comment Print

Join our webinar on Faceless Tax Assessments under the Income Tax Act, 1961. Learn concepts, challenges, and solutions from expert CA Hari Agarwal, FCA.

Property Transaction Not Benami if Ownership Remains With Seller: Appellate Tribunal

February 16, 2025 1797 Views 1 comment Print

Appellate Tribunal overturns Benami property attachment order in Rachakonda Srinivas Rao case, citing lack of ownership transfer and applicability of amended PBPTA.

No Section 271C Penalty for Non-Deduction of TDS Due to Professional Advice: Karnataka HC

February 16, 2025 558 Views 0 comment Print

Karnataka HC quashed penalty imposed under Section 201 of Income Tax Act for non-deduction of TDS on professional advice, citing specific legal provisions and case facts.

ITAT Directs Reassessment in ₹1.8 Crore Capital Gains & Section 54 exemption denial Case

February 16, 2025 576 Views 0 comment Print

Chennai ITAT directs AO to review e-notices and deductions u/s 54 in ₹1.8 crore capital gains case, giving assessee another chance to present evidence.

GST Registration Cannot Be Denied merely because Assessee belong to other state: AP HC

February 16, 2025 4473 Views 0 comment Print

Andhra Pradesh HC rules that GST registration cannot be refused solely because an assessee belongs to another state. Legal trade rights must be upheld.

Genuine Promoter Loan: ITAT Delhi Deletes Unexplained Credit Addition

February 16, 2025 234 Views 0 comment Print

ITAT Delhi rules in favor of Mahadev Dairy Pvt. Ltd., deleting ₹25 lakh addition under Section 68. The loan from promoters was found genuine.

No Tax on Diesel Captive Generating under Karnataka Tax on Entry of Goods

February 16, 2025 102 Views 0 comment Print

Karnataka High Court rules that diesel captive generating sets are exempt from entry tax under Section 11-A of KTEG Act, 1979. Advance ruling order set aside.

ED Can’t Arrest in PMLA Case After Special Court Cognizance: Patna HC

February 16, 2025 201 Views 0 comment Print

Patna HC rules that ED cannot arrest under PMLA after Special Court takes cognizance unless permitted. Arrest powers cease post-investigation phase.

Gujarat HC Denies Bail to Journalist Mahesh Langa in GST Case

February 16, 2025 273 Views 0 comment Print

Gujarat HC rejects bail plea of journalist Mahesh Langa in an alleged GST fraud case, citing ongoing investigation and multiple similar allegations.

GST Detention Quashed: No Evidence or Tests to Prove Goods’ Difference

February 16, 2025 333 Views 0 comment Print

Allahabad High Court quashes GST detention of goods citing lack of evidence as no samples or tests were conducted to prove discrepancies in transported goods.

Delhi HC Quashes GST Demand Order Due to Lack of Reasoning

February 16, 2025 447 Views 0 comment Print

Delhi High Court sets aside GST demand order citing non-application of mind, as the tax officer failed to provide a reasoned decision after reviewing objections.

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