The ITAT Delhi has set aside tax additions made to Divya Exim Pvt. Ltd. and other assessees. The tribunal ruled that in completed assessments, additions cannot be based solely on third-party statements without corroborating incriminating material found during a search.
ITAT Delhi in RSWM Ltd. Khari Gram vs DCIT examines disputed additions under Section 69, allowability of education cess, and treatment of FPS/FMS, TUFS, and RIPS subsidies, emphasizing reliance on evidence and judicial precedents.
Gujarat High Court held that reassessment show cause notice under section 148 of the Income Tax Act issued after 18.06.2022 i.e. after surviving time’ would be invalid and accordingly, notice is quashed and set aside.
The Income Tax Appellate Tribunal (ITAT) Delhi has set aside a significant tax addition against Maple Destinations, ruling that the reassessment was based on uncorroborated, retracted statements and a denial of the assessee’s right to cross-examination, which violated principles of natural justice.
High Court dismissed a petition challenging a Section 148 notice for AY 2019-20, confirming that only faceless AOs can initiate reassessment, ensuring compliance with CBDT-mandated procedures.
The Delhi High Court has held that a jurisdictional assessing officer lacks the authority to initiate reassessment proceedings under Section 148 of the Income Tax Act, 1961, after the implementation of the Faceless Assessment Schemes.
The Delhi High Court has upheld the jurisdiction of the Assessing Officer to issue reassessment notices to PC Jeweller, citing a previous ruling.
The Madras High Court allows an appeal by Tvl. Deepa Traders against a GST demand, condoning a 285-day delay. The court’s decision, citing the lack of a physical notice, directs the appellate authority to hear the case on its merits.
The Delhi High Court has set aside GST orders against Raj International, citing a failure by tax authorities to consider the company’s detailed reply and provide an effective personal hearing.
GST rate rationalization (22.09.2025) shifts to 5% and 18%. Learn the impact on wholesalers and retailers, and find solutions for inventory, pricing, and ITC compliance.
