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Archive: 04 August 2025

Posts in 04 August 2025

Cash deposit addition- ITAT condoned delay & criticised ex parte order

August 4, 2025 3609 Views 0 comment Print

ITAT Cuttack condones delay and restores appeal in case of estimated income on cash deposits due to lack of representation before CIT(A).

Delhi HC Lowers Areca Nuts Release Terms from ₹10 Cr to ₹50L

August 4, 2025 720 Views 0 comment Print

Delhi HC reduces bond and bank guarantee for provisional release of areca nuts detained over classification and test discrepancies by Customs and CRCL.

Addition towards unexplained cash set aside as cash reconciliation duly produced: ITAT Mumbai

August 4, 2025 624 Views 0 comment Print

ITAT Mumbai held that addition under section 69A towards unexplained cash found during course of search cannot be sustained since reconciliation of cash with concerned sales invoices duly produced. Accordingly, appeal of revenue dismissed to that extent.

NCLAT Declines Liquidator’s Appeal, Urges Swift Auction Dispute Resolution

August 4, 2025 873 Views 0 comment Print

NCLAT dismissed Liquidator’s appeal as premature, urging NCLT Ahmedabad to decide pending IAs by the successful auction purchaser without delay.

Foreign exchange loss allowed as revenue expense: ITAT Mumbai

August 4, 2025 540 Views 0 comment Print

ITAT Mumbai held that consulting charges is revenue item and accordingly, foreign exchange loss arising thereon is allowable as revenue expenditure. Accordingly, appeal of revenue dismissed.

Arbitral Award for Offshore Supplies is Business Income, Not Taxable Under DTAA

August 4, 2025 405 Views 0 comment Print

Delhi High Court confirms arbitral award for Fujitsu’s offshore supplies is business income, not taxable in India under Japan-India DTAA.

E-Way Bill Location Error No Ground for Seizure or Penalty: Allahabad HC

August 4, 2025 1605 Views 0 comment Print

Allahabad High Court quashes GST seizure and penalty, ruling technical error in e-way bill shipment place does not imply tax evasion.

ITAT Directs Re-evaluation of 4 kg alleged unexplained Gold Investment Case

August 4, 2025 771 Views 0 comment Print

Mumbai ITAT remands case of unexplained 4kg gold investment, citing improper rejection of assessee’s additional evidence under Rule 46A by CIT(A).

Section 13(1)(b) irrelevant at Section 12AB registration stage: ITAT Ahmedabad

August 4, 2025 1161 Views 0 comment Print

ITAT Ahmedabad rules that Section 13(1)(b), which addresses trusts for specific communities, is irrelevant at the registration stage. The provision applies only during assessment to determine exemptions.

10 days 20 Hours Certificate Course on GST (Advanced Level) from 11th August

August 4, 2025 46281 Views 2 comments Print

ACAE Skills Academy is organising 10 DAY 20 HRS Certificate Course on GST (Advanced Level) in association with All India Federation of Tax Practitioners (EZ), Indirect Tax Professionals Forum Kolkata and Society for Tax Analysis and Research in online partnership with TaxGuru Mode of Delivery: Virtual (via Zoom) Course Schedule Duration: August 11–22, 2025 (excluding […]

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