Karnataka HC quashed reassessment notifications, notices and instructions issued beyond the scope of Section 151A, while reserving liberty to the Revenue.
ITAT Ahmedabad upheld addition on alleged bogus LTCG from Kushal Tradelink shares, rejecting the exempt claim despite documentary evidence.
ITAT Delhi upheld deletion of protective additions after the corresponding substantive assessments were quashed for lack of incriminating material.
ITAT Mumbai restored a trust’s Section 12AB renewal application after finding it was rejected for non-compliance without examining the merits.
ITAT Delhi upheld reassessment based on survey material, restricted additions to 1% of turnover and deleted the separate 3% commission addition.
Orissa HC set aside the GST appellate order after interest was wrongly recorded as tax, causing an incorrect pre-deposit requirement under Section 112.
Telangana HC granted bail in an alleged ₹12 crore HSNS Cess evasion case, considering the period of custody, punishment prescribed and absence of a custody petition.
ITAT Ahmedabad deleted disallowance of NSEL-related bad debts, allowing deduction under Section 36(1)(vii) and alternatively as business loss under Section 28.
Kerala HC dismissed the appeal against SARFAESI recovery, holding that the borrowers failed to establish MSME status or seek revival before NPA classification.
ITAT Ahmedabad directed verification and allowed set-off of brought forward business loss against Section 50 short-term capital gains as per law.
