IBBI’s First Appellate Authority dismisses an RTI appeal, clarifying that public authorities are not required to collate data in a specific format if not already maintained.
Explore how the US-India tariff conflict has influenced BSE-SENSEX, with insights into sectoral impacts, market trends, and investor sentiment shifts.
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Bombay High Court seeks reasons for delay in IT refund to Kalmar India, directs affidavit from PCIT-6 and warns of accountability for interest burden on state.
ITAT Mumbai sends back Hotel Association’s Section 11 deduction case for fresh review, citing lack of proper verification of charitable activities by tax authorities.
High Court held that the addition sustained by the ITAT lacked evidentiary basis and was founded on unwarranted suspicion. The assessee had duly discharged the onus placed upon him to prove the genuineness of the gifts. Accordingly, the Court quashed the addition and allowed the appeal.
GST law mandates SCN and order timelines. For FY 2018-19, the SCN must be issued by June 30, 2025 under Section 74 of the CGST Act, 2017.
Kolkata ITAT permits Minu Gupta’s LTCG exemption claim, citing lack of specific evidence against her despite AO’s reliance on general investigation reports.
Kerala High Court held that passing of order and classifying account of petitioner as fraud without following Master Directions on Frauds and without furnishing a copy of the audit report is not tenable in law. Accordingly, writ petition is allowed.
ITAT Kolkata rules in favor of Raj Kumar Kabra’s LTCG claim, stressing the need for specific evidence over general suspicion in tax assessments.
