Karnataka High Court rejects Revenues review plea, holds no apparent error in earlier order quashing revised DTVSV Form-2 and directing rectification; review cannot re-argue issues or add new grounds.
The Tribunal examined whether lack of notice violated natural justice in attachment proceedings. It held that proper service was proven and the appellant cannot claim denial of hearing after failing to participate.
Interest earned on funds kept in bank during business setup, when those funds were directly linked to the project, was a capital receipt and not taxable as “income from other sources
Karnataka High Court upholds condonation of delay u/s 119(2)(b) in IMA scam recovery case, clarifies respondent as successor/representative; relief sustained but ruling not a precedent.
Karnataka High Court quashes reassessment as Sec 148A(b) notice issued to deceased is void ab initio; all proceedings set aside, liberty granted to reopen against legal representatives.
Karnataka High Court sets aside ₹45 lakh Sec 69 addition, remands to ITAT to consider fresh evidence on property transaction and refund; holds explanation must be examined even at later stage.
The issue was whether exporters took reasonable steps to realise overseas payments. The Tribunal held that lack of documentary proof and recovery action justified penalties under FEMA.
The issue involved recall of orders passed after the respondent failed to attend hearings. The Tribunal ruled that continued absence despite ample chances showed negligence, and recall relief could not be granted.
Karnataka High Court flags catch-22 in TDS prosecution of ex-MD post-liquidation; directs Official Liquidator to act on representation, grants interim protection, remedy lies under Sec 260A.
Karnataka High Court quashes Sec 148A(d), Sec 148 notice and ex-parte assessment due to non-receipt of Sec 148A(b) notice; remands for fresh reply, keeps all issues open.
