The Tribunal held that cash deposits cannot be treated as unexplained when the bank account is recorded in audited books and disclosed in the ITR. In absence of contrary evidence, the addition under Section 69A was deleted.
Selecting travel insurance requires assessing medical needs, age-specific coverage, and trip risks. Matching coverage to destination and travel purpose helps avoid costly surprises abroad.
The Tribunal ruled that admission of fresh evidence without AOs examination violated procedural rules. The deletion of ₹2 crore disallowance under Section 40A(3) was set aside for reconsideration.
CESTAT Chandigarh held that CENVAT Credit on inputs used in generation of electricity is admissible only to the extent the electricity produced and utilized in the factory of production and not on the portion of electricity transferred/sold to the grid.
The Tribunal found non-compliance with statutory duties under Sections 250(4) and 250(6). The dismissal on delay alone was held improper, and the appeal was restored for fresh adjudication.
When a scheduled video hearing under faceless assessment is not attended by the officer, the opportunity becomes illusory. The key takeaway: document the failure immediately to protect natural justice rights.
The Tribunal ruled that Section 40(a)(ia) cannot be used to penalize deduction under an incorrect TDS provision when tax was actually deducted. The expenditure disallowance was rightly deleted.
The Bombay High Court held that a single show cause notice under Section 74 covering multiple financial years is impermissible. The ruling emphasizes that limitation and assessment under GST operate year-wise.
The analysis confirms that export of legal services qualifies as zero-rated supply under Section 16 of the IGST Act. Refund of unutilised ITC cannot be denied merely because domestic legal services attract RCM.
The new law consolidates all TDS provisions into a single structured section with three tables for residents, non-residents, and specified payments. Compliance shifts from section-based to table-code reporting.
