Income Tax Appellate Tribunal sets aside PCIT’s revisionary order against Synwave Industries, ruling original assessment not erroneous.
The Gauhati High Court has ruled that a retired High Court Judge and Upa-Lokayukta cannot be penalised by the Income Tax Department for TDS not reflecting in Form 26AS if employers confirm deposit. Demand notices totalling ₹8.4 lakhs set aside.
CESTAT Kolkata sets aside penalty and vehicle confiscation for Vinod Kumar Agarwal, a transporter, citing lack of evidence of his knowledge in alleged smuggling of black pepper and arhar.
NCLAT Chennai dismissed an appeal challenging a 2024 order, citing appellant’s lack of diligence in rectifying defects despite multiple opportunities and a year-long delay.
Madras High Court orders de sealing of premises, stating Enforcement Directorate acted without sufficient “reason to believe” under PMLA’s Section 17.
ITAT Cochin affirms PCIT’s order for AO to verify loan interest deduction and Section 14A applicability after loan’s business use questioned.
Patna High Court directs GST refund rejection order based on undisclosed extraneous material to be treated as a show-cause notice, ensuring natural justice.
Bombay High Court set aside reopening of Genesys International’s AY 2015-16 tax assessment, ruling it a mere change of opinion and citing full disclosure.
Madras HC rules service tax cannot be levied on SIM cards, recharge coupons, and value-added services, following Supreme Court and Tribunal precedents.
ITAT Kolkata ruled for Salt Lake Sanskritik Sansad, stating late filing of Form 10BB does not deny income tax exemption for charitable trusts.
