ITAT confirmed Rs.2.92 crore long-term capital gain as the assessee failed to prove that the land sold was used for agriculture, sustaining the AO’s and CIT(A)’s orders.
The Tribunal overturned the dismissal of the appeal for lateness and allowed a full reconsideration of the issues. It emphasized that the delay must not be raised again during adjudication.
ITAT Agra restored AO’s 145(3) rejection and additions under sections 68 & 41(1) for re-verification, directing assessee to produce complete books and supporting documents. The matter requires factual verification to ensure substantial justice.
The Court ruled that authorities cannot block more Input Tax Credit than what is available in a taxpayer’s electronic ledger under Rule 86A of CGST Rules.
ITAT Pune deletes Rs.17.90L addition u/s 68 as LLP proved genuineness, identity & repayment of unsecured loans; appeal allowed in full.
The ROC penalized the company and its directors for not filing financial statements for FY 2021-22. The order stresses that non-compliance under Section 137 attracts maximum monetary penalties.
The Orissa High Court permits the petitioner to maintain a stay on a first appellate GST order by depositing 10% of the disputed tax, aligning with the September 2025 notification.
ITAT Pune restored LTCG issue for AY 2015-16 to CIT(A)/NFAC, directing assessee to submit cost details & evidences, ensuring proper verification and fair adjudication.
Additions based on decoded entries from a third-party cash book were struck down, as they did not align with the assessee’s audited books or bank statements, reinforcing the ‘dumb document’ principle.
Bombay High Court held that non-production of arrested person before the nearest Magistrate within 24 hours of the detention renders the arrest completely illegal and in violation of clause 2 of Article 23. Accordingly, the applicant would have to be released on bail.
