SC dismisses SLP in K R Jayaram’s tax case due to low tax effect. Reassessment under Section 147 deemed invalid. Legal question remains open.
MP High Court dismisses petitions challenging shop allotment cancellation in Indore Smart City project, citing non-payment of the required premium and GST.
ITAT Kolkata invalidates reassessment of Neena Commercial Pvt. Ltd. due to vague reasons and lack of jurisdiction for new additions. Legal precedents cited.
Supreme Court grants bail to Udhaw Singh in a PMLA case due to prolonged trial and extended custody, citing the right to a speedy trial under Article 21.
ITAT Mumbai rules that penalty under Section 271(1)(c) of the Income Tax Act cannot be levied on ad-hoc estimated income, dismissing Revenue’s appeal in ITO vs. Ashok Industrial Corporation.
