Delhi ITAT held that a purchase-return mismatch does not constitute misreporting under section 270A(9). Immunity under section 270AA was granted, quashing the ₹10.69 lakh penalty.
The Financial Services Annex commits both countries to collaborate on interoperable payment systems, fintech innovation, and regulatory sandboxes. It positions India’s digital payment expertise for global expansion while strengthening bilateral financial integration.
The regulator held that selective disclosure of course details and inflated success claims misled aspirants. The ruling reinforces strict accountability for deceptive educational advertisements.
The Tribunal ruled that penalty under Section 271A cannot be levied merely because books were rejected and income was estimated. Since audited books were available, there was no failure to maintain accounts.
The Tribunal ruled that interest cannot be claimed under Section 36(1)(iii) when business use of the property is not proved, reinforcing the “put to use” requirement.
The Tribunal held that GST-related claims not included in an approved insolvency resolution plan lapse, protecting the resolution applicant from past, unquantified liabilities.
The court ruled that withdrawal of a murder prosecution lacks legal basis when evidence is yet to be tested. It held that serious crimes are offences against society and must proceed to trial regardless of government policy considerations.
Explains when home-loan interest can be added to the cost of acquisition and how the AY 2024-25 amendment blocks double benefits. Key takeaway: unclaimed pre-construction interest may still matter for earlier years.
Delhi GST allows taxpayers to correct past ITC denials caused solely by Section 16(4) time limits, applying Section 16(5)/(6) via a special rectification procedure.
Calcutta High Court held that West Bengal Industrial Development Corporation’s [WBIDC] demand for transfer fee in relation to leasehold lands acquired via resolution process. Accordingly, the present appeal is dismissed.
