The relocation did not lead to structural enhancement of business assets. The Tribunal ruled that such expenses remain in the revenue field. The decision distinguishes between operational and capital expenditure.
The Tribunal accepted the delay caused by representative’s illness as sufficient reason and admitted the appeal. It found that the authority failed to properly assess genuineness of activities. The matter was restored for fresh adjudication.
Persistent technical issues prevented users from accessing the portal and completing filings. The representation seeks urgent fixes and possible compliance relief.
The case addresses the continued failure to release ITR utilities on time despite earlier court directions. The Court adjourned the matter after CBDT failed to file a required affidavit, highlighting ongoing compliance gaps.
The Tribunal relied on Supreme Court precedent to hold that interest on tax arrears is compensatory, not penal. It ruled that such interest qualifies as a deductible business expense.
The notification prohibits manufacturers acting as GATCs from charging fees for verifying their own products. It also caps re-verification charges and mandates disclosure of reduced fees.
The dispute concerned whether the two-year limit under Section 54 is mandatory. The Court ruled it is directory and cannot defeat legitimate refund claims. The takeaway is flexible interpretation in deserving cases.
The issue addressed lack of clarity in defining avoidance transactions under insolvency law. The amendment introduces a comprehensive definition, improving consistency and enforcement. The takeaway is clearer legal interpretation and application.
The case examined if income details could be disclosed under RTI during a matrimonial dispute. The Court ruled that such disclosure violates privacy and is not justified without public interest.
The Tribunal held that excess stock found during survey had direct nexus with business operations. It ruled that such income should be taxed as business income, not as unexplained investment under special provisions.
