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Archive: 08 June 2025

Posts in 08 June 2025

Allahabad HC: Service Tax Appeal Time-Barred, No Relief

June 8, 2025 810 Views 0 comment Print

The Allahabad High Court dismissed Arun Enterprises’ writ petition, upholding the rejection of their service tax appeal due to significant delay and unavailability of condonation beyond statutory limits.

 Allahabad HC Upholds Time-Barred GST Appeal Dismissal

June 8, 2025 630 Views 0 comment Print

Allahabad High Court dismisses petition against time-barred GST appeal, reaffirming statutory limitations on condonation of delay and the non-applicability of the Limitation Act.

Allahabad HC Quashes GST Registration Cancellation Order for non-application of Mind

June 8, 2025 1350 Views 0 comment Print

Allahabad High Court overturns GST registration cancellation due to non-application of mind and contradictory order, citing judicial precedents on reasoned orders.

LTCG Exemption Upheld: ITAT Restores Section 10(38); Quashes Addition Based on Suspicion

June 8, 2025 1548 Views 0 comment Print

ITAT Delhi rules in favor of assessee, upholding Section 10(38) LTCG exemption and rejecting ‘penny stock’ allegations due to lack of evidence and procedural flaws.

Lack of Tangible Material & Procedural Errors: Reopening of Assessment Invalid

June 8, 2025 702 Views 0 comment Print

Delhi High Court dismisses revenue’s appeal in PCIT vs. RMG Polyvinyl (I) Ltd., upholding ITAT’s decision that reassessment was bad in law due to AO’s flawed reasoning.

Additions for Alleged Bogus Transactions Require Concrete Evidence, Not Mere Suspicion

June 8, 2025 663 Views 0 comment Print

ITAT Delhi nullifies reassessment and LTCG addition, emphasizing mandatory disposal of taxpayer objections and absence of concrete evidence in ‘penny stock’ allegations.

Charitable Trust Registration Cannot Be Denied for Lack of State Societies Act Registration

June 8, 2025 471 Views 0 comment Print

ITAT Chandigarh directs CIT to grant 12AA registration to Paramount Education Charitable Trust, overturning rejection based on Societies Act registration.

Share of Profit Exempt under Section 10(2A) Not Attracts Section 14A Disallowance

June 8, 2025 1221 Views 0 comment Print

ITAT Mumbai clarifies tax treatment of goodwill from amalgamation, project expenses, future provisions, and Section 14A disallowances for Dosti Realty Ltd.

Gujarat HC Allows GSTR-1 Amendment for Deemed Exports

June 8, 2025 609 Views 0 comment Print

Gujarat High Court directs GST authorities to permit Screenotex Engineers to amend GSTR-1 for “deemed export” invoices, bypassing time restrictions due to inadvertent error.

Assessee Can Choose Set-Off Order Most Beneficial to Them: ITAT Mumbai

June 8, 2025 684 Views 0 comment Print

Mumbai ITAT allows Vanguard Total International Stock Index Fund to set off STT-paid losses against non-STT gains, citing Calcutta High Court precedent and no hierarchy in Section 70.

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