ITAT Pune ruled that a pending appeal does not prevent a CIT from exercising revisionary powers on unrelated issues that were not part of the original appeal.
The ITAT Mumbai ruled that an assessment order passed on an amalgamated company after authorities were informed is void, citing the Maruti Suzuki precedent.
The ITAT Ahmedabad quashed a reassessment notice, ruling that the Assessing Officer’s use of “either…or” language indicated a lack of proper application of mind.
The ITAT Pune ruled that interest under Section 234B on an updated return should be calculated only up to the date of filing the return, not the intimation date.
An assessment order demanding reversal of ITC was passed with a complete lack of application of mind and failure to consider the taxpayer’s detailed submissions, therefore, the impugned order was set aside and remanded back to authorities for fresh consideration.
New MSME classification thresholds take effect on April 1, 2025, defining enterprises by investment and turnover limits for micro, small, and medium businesses.
An analysis of GST liability for renting commercial property from an NRI. The tax must be paid under the reverse charge mechanism (RCM), attracting CGST and SGST.
NCLT Mumbai held that resolution plan of Lokshakti Sugar & Allied Industries Ltd. [Corporate Debtor] as submitted by Geetanjali Sugar Private Limited meeting requirements of section 30(2) of the IBC stands approved.
The ITAT Chennai ruled that a belated filing of Form 67 does not deny foreign tax credit (FTC). The Tribunal held the filing requirement to be directory, not mandatory.
Delhi High Court held that liability of deceased guarantor to repay debt shall fall upon legal representative. Hence, petitioner being legal representative of deceased guarantor is liable to make pre-deposits as envisaged in section 21 of the Recovery and Debts and Bankruptcy Act, 1993 [RDB Act].
