The DRAT Chennai has disposed of an appeal from Venus P P V Spinning Mills against a conditional deposit order, instead directing the DRT Coimbatore to fast-track its final decision on the main case against South Indian Bank.
J&K High Court rules that delay beyond GST Act limitation can be condoned by constitutional courts; sets aside order dismissing Parshotam Electronics’ appeal as time-barred.
The ITAT Pune Bench set aside an ex-parte capital gains order, granting a non-filer taxpayer a final chance to present evidence for ₹2.03 Cr in land improvement costs to the CIT(A).
ITAT Raipur dismisses an appeal against an Income Tax penalty order as withdrawn, as the assessee opted for settlement under the Vivad Se Vishwas Scheme 2024, with a caveat for restoration if the settlement fails.
ITAT Jabalpur partially allowed Dayanand Paryani’s appeal, directing AO to replace a full Rs. 29,38,600/− cash credit addition with a 12% presumptive income rate, citing failure to calculate peak credit.
Bombay HC grants Akshay Kumar ad-interim relief, restraining misuse of his name, image, and voice against deepfakes and unauthorized AI content, citing public safety concerns.
Complete format of Director’s Report for Small Companies under Companies Act, 2013. Learn key components, exemptions, and compliance requirements for preparing an annual report for small private companies.
This guide breaks down the complete taxation of salary income in India—covering allowances, perquisites, retirement benefits, and exemptions available to salaried taxpayers.
The ITAT set aside a massive unexplained investment addition made on a joint bank account, ruling that the CIT(A) failed to consider vital documentary evidence submitted by the assessee. The case is remanded to the AO for fresh verification of the documents, which claim the deposits were company business, not personal income.
ITAT Lucknow held that rectification under Section 154 cannot be invoked when a trust deed does not specify beneficiaries’ shares. Since the shares were indeterminate, taxation at the maximum marginal rate under Section 164 was rightly applied.
