Allahabad High Court held that cancellation of GST registration without following condition prescribed under Rule 21 of GST Rules merely on the bass of reflection of HSN/SAC Code in registration application is not sustainable.
ITAT Mumbai rules on Usha Chandresh Shah’s appeal against treating share sale proceeds as cash credit instead of long-term capital gains.
Punjab & Haryana HC dismisses Balbir Chand Maini’s appeal, upholding ITAT’s finding of a non-genuine share sale transaction and income addition.
Punjab & Haryana HC affirms ITAT order, treating Chandan Gupta’s share sale gain as unexplained income (Sec 68) due to bogus transactions.
ITAT Mumbai upholds treating Ratnakar Pujari’s share sale proceeds as unexplained cash credit due to a previously established bogus share purchase.
ITAT Delhi hears Shikha Dhawan’s appeal against LTCG denial on penny stock sale, deemed unexplained income. Accommodation entry alleged.
ITAT Mumbai quashed PCIT’s revision order u/s 263, finding the AO had already inquired into the LTCG exemption claim based on provided evidence.
Delhi High Court rules prisoners are not chattels and urges jail authorities to treat parole requests with sensitivity and respect fundamental rights.
CBI arrests IRS officer and private individual for allegedly undermining the Faceless Tax Scheme by leaking confidential info for bribes. Investigation ongoing.
Supreme Court rules against denial of cross-examination in excise duty case (Andaman Timber vs Commissioner), citing natural justice violation.
