A detailed analysis of Sections 15, 22, 28, 45, and 56 explaining classification, tax computation, judicial rulings, and residual income provisions in India.
Delhi High Court allows NALCO to file a delayed statutory appeal against a ₹32 lakh GST demand, citing inadvertent error and the ongoing Supreme Court challenge regarding Section 168A deadline extension notifications.
ITAT Dehradun allowed condonation of 1386-day delay in filing first appeals, noting that ex-parte assessment and penalty orders were passed without serving notices to the assessee. Appeals remitted for fresh adjudication.
Delhi High Court rules that a Section 153C notice for AY 2010-11 was time-barred. Citing the RRJ Securities Ltd. precedent, the Court confirms the six-year block period for an “other person” must be calculated from the date documents are handed over to the AO, not the date of the original search.
The Income Tax Appellate Tribunal (ITAT), Agra bench, set aside the Commissioner of Income-tax (Appeals)’s order confirming an addition of ₹1,23,10,312/- in the case of Ashok Kumar Goyal v. DCIT.
Allahabad High Court set aside GST assessment fixing evaded sales above purchases, directing authorities to pass a reasoned order after hearing the petitioner.
The Delhi High Court quashed the retrospective GST cancellation of M/s Kansal Associates, whose sole proprietor died during the COVID-19 pandemic, ruling that the legal heir must be given a fresh opportunity to file a reply and receive a personal hearing on the Show Cause Notice.
An NBFC’s claim for on an irrecoverable loan was allowed by the ITAT, which overturned the disallowance. The court ruled that non-recovery of a business loan differs from a loan waiver, qualifying the amount as a business loss or bad deb
Allahabad High Court quashes GST seizure for expired e-way bill caused by truck breakdown. Court confirms Section 129 action requires clear evidence of tax evasion intent.
The Income Tax Appellate Tribunal (ITAT), allowed the appeal of P. Maneklal & Co., deleting the addition of Rs. 4,78,500 under Section 69A of the Income-tax Act, 1961, made for unexplained gold stock found during a survey.
