The IBBI appellate authority held that information not maintained by the Board cannot be disclosed under the RTI Act. The ruling reiterates that public authorities are only required to provide records actually held by them.
The First Appellate Authority upheld the rejection of an RTI request seeking an IBBI reference related to avoidance transactions. It held that disclosure would reveal confidential financial and commercial information protected under Section 8(1)(d) of the RTI Act.
The Committee recommended replacing daily cause lists with weekly schedules and permitting supplementary lists when necessary. The proposal seeks to enhance predictability and administrative efficiency in tribunal proceedings.
The Tribunal examined whether an incorrect statement of financial transactions filed by a bank could lead to reassessment and addition in the wrong person’s hands. It ruled that admitted reporting errors must be rectified and cannot form the sole basis for taxation.
The Revenue sought to tax software distribution income as royalty despite judicial precedents to the contrary. The Tribunal dismissed the appeal, reaffirming that software sales do not automatically attract royalty taxation.
The Revenue disallowed loan repayments alleging double deduction of charitable expenditure. The Tribunal ruled that documentary evidence established that no double claim had been made and directed deletion of the addition.
The issue was whether expenditure could be disallowed under Section 14A read with Rule 8D when the assessee had not earned any exempt income during the relevant year.
The issue was whether SBN deposits accepted by a co-operative society during demonetisation could be added under Section 68 solely because the notes ceased to be legal tender.
This analysis explains why a redemption fine under Section 130(2) cannot be sustained once authorities conclude that Section 130 lacks jurisdictional applicability. Excess stock cases must instead be addressed under Sections 73 or 74 of the GST Act.
GST allocates tax revenue to the state where goods and services are consumed rather than produced. The key takeaway is that stronger consumer markets often translate into higher state GST collections.
