ITAT Surat held that rural agricultural land falls outside Section 2(14), deleting capital gains and related additions.
Calcutta HC granted anticipatory bail to one applicant considering her personal circumstances while rejecting the co-accused’s plea after examining the case diary.
ITAT held no TDS was required as the Revenue failed to prove the services made technical knowledge available under the India-US DTAA.
Calcutta HC directed the Detective Department to conclude the pending ₹13 crore fraud investigation early and file its report before the Magistrate.
The ITAT held that Section 54 exemption must be examined separately for each residential house sold. The benefit cannot be restricted to one new house merely because multiple houses were transferred.
Karnataka HC held that the use of ‘may made the GST Amnesty timeline directory, requiring reconsideration of a delayed declaration request.
Calcutta HC held that Section 434 does not require a transfer application, allowing Company Courts to suo motu transfer eligible winding-up cases to NCLT.
The Madras High Court held that a Section 62 best judgment assessment cannot continue once the taxpayer subsequently files GST returns. The matter was remanded for reassessment after considering the uploaded returns.
The Madras High Court quashed a Section 74 demand after finding the taxpayer’s turnover appeared below the GST registration threshold and no personal hearing was granted. The matter was remanded for fresh adjudication following due process.
ITAT held that failure to obtain a tax audit does not automatically justify rejecting books and estimating profit at 8% without proper examination.
