Registration was cancelled after the valuer ceased to be a member of a Registered Valuers Organisation. Continuous RVO membership is a statutory condition to remain eligible as a registered valuer.
The Tribunal held that absence of evidence beyond one month bars estimation for the full year. Only the amount directly supported by survey material can be taxed.
The issue was whether the income-tax e-filing utility could prevent an assessee from making a lawful set-off claim. The High Court held that procedural software cannot override statutory rights and directed that such claims must be allowed.
The Court examined rejection of a liquidation claim for non-filing of originals. It held that the claimant should be given time to submit documents before final consideration.
ITAT Bangalore held that claiming of amortised upfront fees i.e. 1/5th of the upfront fees paid is not allowable since the entire amount is already claimed as deduction. Accordingly, ground raised by revenue/department is allowed.
The issue was whether sale involved only land or land with a residential house. The Tribunal ruled that the property sold included a residential structure, entitling the assessee to Section 54 exemption upon deposit in the capital gains scheme.
The issue was whether refunds can be averaged across months. The key takeaway is that IDS refunds are strictly tax-period specific under GST law.
Delhi High Court held that mere delay in the pronouncement of a judgment, by itself, is not sufficient to invalidate the decision of Debts Recovery Appellate Tribunal [DRAT]. Accordingly, judgement of DRAT upheld and petition dismissed.
ITAT Indore held that addition under section 69A of the Income Tax Act towards unexplained deposit is unsustainable in law since the nature and source of the deposit is sufficiently explained. Accordingly, the appeal is allowed and addition u/s. 69A is deleted.
This explains why many crypto exchanges stall despite securing licenses. The key takeaway is that execution after approval matters more than licensing itself.
