Telangana High Court held that law of limitation [Limitation Act, 1963] applies even for claims under the Interest on Delayed Payment to the Small Scale and Ancillary Industrial Undertakings Act, 1993. Accordingly, instant appeal stands partly allowed.
ITAT Bangalore held that once the audit report filed in form 10B to be available with the Assessing Officer before the assessment proceedings take place, the requirement of Law is satisfied. Thus, exemption under section 11 of the Income Tax Act allowed.
ITAT Delhi held that amount withdrawn by the assessee in the capacity of the partner from the partnership firm cannot be treated in the nature of loan and advance and cannot be covered within meaning of deemed dividend under section 2(22)(e) of the Income Tax Act.
ITAT Mumbai held that no addition under section 43CA of the Income Tax Act warranted due to difference between stamp duty value and sale consideration is less than tolerance band of 10% as per proviso to section 43CA. Also held that amendment providing tolerance band of 10% is retrospective in nature.
Zuree Diseno files insolvency plea against Vishal Mega Mart for unpaid dues of ₹1.3 crore. NCLT to decide on initiating corporate insolvency proceedings.
Orissa High Court rules COVID-19 period extends GST appeal limitation, setting aside rejection based on delay. Directs appeal hearing on merits.
GSTN launches E-Way Bill 2.0 on July 1, 2025, offering dual portal interoperability for enhanced compliance, business continuity, and real-time data sync.
Kolkata ITAT nullifies NFAC’s duplicate assessment order for AY 2015-16, citing miscommunication after assessee’s appeal was already resolved.
Madras High Court rules an advertising firm’s failure to check the GST portal’s ‘additional notice’ tab isn’t fatal, quashing demand and appeal dismissal. Sets precedent.
Orissa High Court dismisses a writ petition, holding that a litigant cannot take contradictory stands after being granted liberty to pursue a statutory appeal.
