The ITAT Nagpur held that an incorrect section code selected in Form 10AB was a technical and bona fide clerical mistake. Since the trust’s charitable activities and documents were found genuine, registration under Section 12AB could not be denied.
The ITAT held that non-reporting of capital gains from redemption of mutual funds amounted to underreporting resulting from misreporting of income. It upheld the penalty under Section 270A after finding failure to record receipts affecting total income.
The High Court refused to entertain the writ petition, holding that disputes over an SEZ IGST refund should be examined by the appellate authority. It permitted the petitioner to pursue the statutory appeal with all available grounds.
The High Court granted regular bail in a GST fraud prosecution after noting that the investigation had been completed, the complaint had been filed, and charges had already been framed. It held that the allegations would be tested during trial and that prolonged custody was not warranted at that stage.
The High Court held that a taxpayer whose GST registration was cancelled for non-filing of returns may seek restoration by complying with Rule 22(4) of the CGST Rules. It directed the authority to consider restoration expeditiously upon filing pending returns and payment of all outstanding dues.
ITAT Chennai held that unrealizable assets of a company under insolvency could not be included while computing fair market value under Rule 11UA. The Tribunal directed recomputation using the NCLT auction price instead of the artificial valuation adopted by the AO.
ITAT Delhi held that the CIT(A) validly remanded a best judgment reassessment after repeated non-compliance by the assessee. The Tribunal ruled that the proviso to Section 251(1)(a) empowered the appellate authority to order a fresh reassessment.
CESTAT Kolkata held that the respondent had paid the Service Tax before availing CENVAT credit on the disputed invoices. Finding no error in the adjudicating authority’s order, it dismissed the Revenue’s appeal.
The High Court held that closing the Income Tax portal before the granted response deadline denied the taxpayer a reasonable opportunity. It restored the assessment proceedings and directed the authorities to enable document upload.
The Karnataka High Court allowed withdrawal of the writ petition and granted liberty to file an appeal under Section 260A of the Income-tax Act.
