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Archive: 19 March 2025

Posts in 19 March 2025

Section 80P Deduction Allowed After CCIT Condoned Late Filing

March 19, 2025 2694 Views 0 comment Print

ITAT Rajkot dismisses Liliya Lathi Sahkari Sangh’s appeal as infructuous after CCIT condones late filing delay, directing AO to pass a consequential order.

Madras HC Sets Aside GST Assessment, Cites Retrospective Section 16 Amendment

March 19, 2025 1131 Views 0 comment Print

Madras High Court quashes GST assessment order due to retrospective amendment in Section 16 of CGST Act. Matter remanded for fresh consideration.

Truck Sale Proceeds Not Unexplained Cash: ITAT Pune

March 19, 2025 546 Views 0 comment Print

ITAT Pune rules that ₹10 lakh from truck sale via banking channel is not unexplained cash credit under Section 68, setting aside CIT(A)’s findings.

ITAT Restores Section 270A Penalty Immunity Application to AO for Fresh Consideration

March 19, 2025 1305 Views 0 comment Print

ITAT Cochin remanded the case of Malanadu Co-op Bank on penalty immunity under Section 270A, directing AO to review the application on merits.

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