Mumbai ITAT rules against taxing gross receipts of a trust that lost Section 11 exemption, mandating only net surplus be taxed after allowing expenses. Case remitted for re-computation.
ITAT Delhi held that assessment order passed by AO under section 153C read with section 143(3) of the Income Tax Act is passed beyond prescribed time limited. Hence, the order barred by limitation is liable to be quashed.
Maharashtra grants Tata Motors Passenger Vehicles Ltd. an e-way bill waiver for road testing of vehicles, subject to specific documentation and procedural compliance.
Calcutta High Court upholds Tribunal’s decision, dismissing revenue’s appeal in Mallcom VSFT Gloves case regarding Section 68 addition of Rs. 5.07 Crores.
IBBI dismisses appeals seeking opinions on IBC provisions for CIRP projects and home buyer rights, stating RTI does not cover legal advice.
Calcutta High Court rules GSTR-1 and GSTR-3B discrepancies don’t allow direct tax recovery under Section 75(12) of the CGST Act if GSTR-1 data is included in GSTR-3B.
Understand tax deductions for paying family’s home or education loans. Learn conditions for claiming benefits, including borrower and ownership requirements.
Explore the legal framework and procedural rules governing the Cause List under GST Appellate Tribunal as per the 2025 Rules, ensuring fair hearing and transparency.
Bombay High Court sets aside assessment order due to natural justice breach order passed prematurely without considering taxpayer’s timely reply. Officer faces perjury inquiry.
Mumbai ITAT quashes Rs. 30.83 lakh addition under Section 68, ruling the provision inapplicable as the assessee did not maintain books of account, citing Bombay HC precedent.
