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Archive: 18 July 2025

Posts in 18 July 2025

Bombay HC Quashes Reassessment Notices as Income Already Taxed Substantively in Prior Year

July 18, 2025 321 Views 0 comment Print

The Bombay High Court set aside reassessment notices against Sai Shirdi Constructions for AY 2008-09 and 2009-10, citing a lack of ‘reason to believe’ when the income had already been assessed in a later year.

Madras HC Quashes GST Order, Directs 25% Tax Deposit for Fresh Hearing

July 18, 2025 387 Views 0 comment Print

Madras High Court quashes Rs 50.11 lakh GST demand against TVL Zion Agencies, allowing fresh adjudication conditional on 25% pre-deposit due to non-participation.

ITAT Condones Delay, Orders Fresh Look at Modi Trust’s 12A/80G Applications

July 18, 2025 396 Views 0 comment Print

ITAT Ahmedabad condones 224-day delay for Modi Charitable Trust, remanding 12A & 80G applications due to the trust’s unfamiliarity with e-notices and tax procedures.

Karnataka HC Quashes FEMA Case Against Greenpeace Citing Binding Precedent

July 18, 2025 432 Views 0 comment Print

Karnataka High Court quashes show cause notice and complaint against Greenpeace Environment Trust, citing precedent on FEMA Section 6(3)(b) omission.

Income Tax Section 147/144B Order Appealable, Writ Not Maintainable: Calcutta HC

July 18, 2025 285 Views 0 comment Print

Calcutta High Court dismisses challenge against a Section 144B tax order, directing Ayashree Finvest to use available statutory appeal remedies despite accountant’s failure.

Interest to Partners Allowable Despite No Active Business: ITAT Cochin

July 18, 2025 411 Views 0 comment Print

 ITAT Cochin rules in favor of Muthoot Bankers, allowing deduction for interest paid to partners under Section 40B, overturning disallowance by lower authorities.

Rajasthan HC Stays ₹7 Cr Deposit Over RBI OTS Non-Compliance

July 18, 2025 417 Views 1 comment Print

Rajasthan High Court stays a ₹7 crore deposit for Tijaria Polypipes’ OTS, directing Bank of India to comply with RBI circulars after ₹12 crore already paid.

CESTAT Upholds HUL’s Classification of Aloe Vera, Baby Petroleum Jelly

July 18, 2025 219 Views 0 comment Print

CESTAT Chennai rules in favor of Hindustan Unilever, classifying Aloe Vera and Baby petroleum jelly as skincare. Decision aligns with prior rulings and Supreme Court precedent.

Order by Settlement Commission cannot be interfered without allegation of bias or fraud or malice

July 18, 2025 492 Views 0 comment Print

These appeals filed by the assessee impugn the order dated 30.04.2021 passed by a learned Single Judge of this Court, allowing the petitions that were filed by the Commissioner of Wealth Tax and Commissioner of Income Tax, viz., respondent No.1 herein.

Bank Attachment Lifted by Delhi HC Following GST Proceedings Closure

July 18, 2025 360 Views 0 comment Print

Delhi High Court orders provisional bank account attachment lift for Om Prakash Gupta, citing Supreme Court precedents and completion of GST SCN proceedings.

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