In a significant ruling, the Delhi High Court ordered the disbursement of an accumulated Input Tax Credit refund to a petitioner, along with interest, within a strict three-week deadline.
NCLAT ruled that dues assessed post-moratorium and not claimed during CIRP cannot be enforced against the resolution applicant. Appeal dismissed.
The ITAT, Cochin, dismisses South Indian Bank’s appeal, ruling that an Assessing Officer must not exceed the scope of a Section 263 revision order.
ITAT Chandigarh deleted a ₹7.48 lakh tax demand against Punjab National Bank for assessment year 2016-17 finding that submitted Form 15G/15H documents were valid.
Discover the ITAT Cochin’s ruling in the case of Mina Wood Industries, which clarifies that payments made to state government undertakings are not subject to tax disallowance, citing judicial precedents from the Delhi and Gujarat High Courts.
Read about ITAT Cochin’s decision in Prabheesh Nair vs. ITO, where court set aside a tax appeal dismissal and mandated a new hearing, underscoring legal requirement for appellate authorities to pass reasoned orders.
Gauhati High Court has set aside a service tax demand, ruling that tax authority failed to prove it served show-cause notice to petitioner, and has remanded case back for a new hearing.
Kerala HC set aside an order against a rice and dairy products trader, directing tax authorities to re-evaluate disallowance of ITC in light of a recent judicial precedent that treats ITC as a fungible pool of funds.
The ITAT Cochin ruled that interest on delayed payments of TDS and other statutory dues is compensatory and an allowable business expenditure under the Income Tax Act.
CESTAT Kolkata has ruled that excess service tax can be adjusted beyond the immediate succeeding month or quarter, allowing BSNL to claim a refund of over ₹11 lakh.
