ITAT Raipur deletes additions for bogus purchases and short yield in P.D. Rice Udyog case, citing lower purchase rates and incorrect yield calculation.
ITAT Raipur directs tax authorities to limit bogus purchase additions to profit margins, citing Bombay HC precedent on genuine sales.
Bombay High Court grants interim stay on a GST order, raising arguable questions on whether transfer of development rights under revenue sharing is a taxable “supply of services.”
Gujarat High Court quashes GST demand on Saurashtra Tin And Metal Industries, affirming no GST on assignment of GIDC plot leasehold rights.
India’s Supreme Court clarifies judge assignment for bail applications from same FIR, aiming for consistent rulings while accommodating High Court roster changes.
Supreme Court rules retracted confessions can’t be sole basis for guilt without corroboration, citing ED’s serious negligence and non-production of evidence.
Rajasthan High Court granted bail in a money laundering case, emphasizing prolonged incarceration as an Article 21 violation and citing Supreme Court precedents.
Ahmedabad ITAT rules in Greenfield Reality case to tax only 8% profit on unaccounted on-money, deleting separate additions for expenses and cash credits.
ITAT deletes interest disallowance under Section 36(1)(iii) for lack of nexus and upholds telescoping of expenses to avoid double addition of unaccounted cash.
ITAT Ahmedabad reviews Sankalp Recreation’s tax appeals concerning unaccounted income, expenses, book rejection, and PF/ESIC disallowances following a search operation.
