Mumbai ITAT dismisses revenue’s appeal against reduced addition for alleged bogus purchases, citing assessee’s evidence and distinguishing the Kanak Impex precedent.
Karnataka High Court sets aside GST demand on Aavanti Solar, remitting case for reconsideration due to non-consideration of key circular on liquidated damages.
Delhi ITAT sets aside unexplained cash additions against Sachin, a gold trader, due to insufficient evidence and denial of cross-examination rights.
ITAT Delhi rules against unexplained cash additions in Surender Kumar Jain’s case, citing lack of corroborative evidence and denial of cross-examination rights.
Delhi ITAT voids BBC World Service India’s 2017-18 tax assessment, ruling the final order was issued beyond the statutory time limit.
ITAT Mumbai quashes APM Terminals India’s 2017-18 assessment order, citing tax authorities’ failure to meet statutory deadlines for finalization.
A company board resolution outlines the establishment of a dedicated dividend bank account, authorizing specific directors for operations and compliance with dividend payment regulations
Selecting the right Income Tax Return (ITR) form (ITR-1 to ITR-7) for AY 2025-26 is crucial for tax compliance. This guide outlines applicability for individuals, businesses, and other entities.
Supreme Court ruled that property registration alone doesn’t grant legal ownership, emphasizing due diligence, full payment, and valid title in transactions.
Bombay High Court grants relief to Magna Automotive India and others, following the precedent set in the M/s. Sundyne Pumps and Compressors India Pvt. Ltd. case.
