Mumbai ITAT rules in favor of Tata Chemicals, allowing deduction of ₹156 crore interest on loans for overseas investment, overturning PCIT’s revision.
Delhi ITAT sets aside tax additions against a couple, ruling Section 153C satisfaction invalid and emphasizing the belongs to vs. pertains to distinction.
Patna ITAT remands penalty case of Narayani Educational Health and Charitable Trust, allowing re-examination of Section 271(1)(b) levy due to lack of evidence submission.
ITAT Mumbai confirms Rs. 12 lakh unexplained cash addition for assessee with multiple PANs, citing insufficient evidence for deposit sources.
Delhi High Court held that payment of cross-cost charges doesn’t construed as royalties within scope of Article 12(3) of the India-US DTAA hence order rejecting application for NIL withholding tax set aside. AO directed to issue necessary certificate.
Delhi HC set aside an ex-parte GST demand order against K.S. Impex Ltd., remanding matter for fresh adjudication. Court’s decision largely hinged on procedural issues surrounding delivery of show cause notices (SCNs).
Delhi High Court mandates reasoned orders and personal hearings for adverse GST rectification orders, citing Section 161 CGST Act and natural justice principles.
Madras High Court rules AOs can allow less than 20% tax pre-deposit for appeals, citing Supreme Court precedent against rigid CBDT circulars.
Madhya Pradesh High Court upholds ITAT’s refusal to condone C.I. Builders’ 7-year appeal delay, citing assessee’s gross negligence despite blame on counsel.
Rajasthan High Court reverses Settlement Commission’s dismissal for missing records, stating assessee not involved in reconstruction. Case remanded for fresh consideration.
