The Calcutta High Court refused to intervene in a GST demand order under Section 73, rejecting a writ petition filed eight months late. The Court held that statutory appellate remedies cannot be bypassed when the case does not involve jurisdictional issues or violation of natural justice.
ITAT confirmed GP and unsecured loan additions but deleted expense disallowances, ruling that rebates and receipt-backed rent are valid business expenses without a proven personal element.
Summary of CGST amendments (Sept 2025): Rs.2 Cr annual return exemption, provisional refund curbs, faster RFD-04, and revised GST Appellate Tribunal procedures.
ITAT Delhi upholds the Rs. 1 crore addition (u/s 68) confirmed by CIT(A), dismissing the assessees appeal due to its repeated failure to produce evidence for the genuineness, identity, and creditworthiness of the purported loan. No evidence, no relief.
Summary of CGST rate notifications (Sept 2025): New rate schedules, full tax exemptions on goods, revised concessional rates, and ECO tax rules for local delivery services.
ITAT Delhi upholds the quashing of s. 153C assessment for AY 2012-13, ruling it’s beyond the 10-year block of limitation as per s. 153A/C and Delhi High Court precedent in Ojjus Medicare.
Jaipur ITAT dismisses Revenue’s appeals in Nath Corporation, Royal Jewellers, and Shri Jitendra Kumar Agarwal cases, deleting Rs. 3.3 crore in penalties.
Rights issue under Companies Act lets shareholders renounce entitlements to outsiders, enabling new investors without triggering preferential allotment rules.
CBDT extended the Section 44AB tax audit specified date to Oct 31, 2025, without extending the Section 139 return filing due date. Is this extension ultra vires?
