Kerala HC held reassessment under Sections 25A and 25(1) cannot continue after the statutory limitation period expires.
ITAT ruled that a justice-oriented approach should prevail over technical objections. Matter remanded for adjudication on merits.
ITAT ruled that genuine sale proceeds supported by books, bank records and purchaser details cannot be treated as unexplained cash credits.
Orissa HC held excise duty already paid cannot be collected again while permitting lifting of backlog MGQ under the interim order.
Madras HC held retrospective cancellation of a supplier’s GST registration alone cannot justify denial of ITC. Fresh assessment was ordered.
Karnataka HC held excess electricity use alone cannot establish clandestine manufacture or excise evasion without reliable corroborative evidence.
CESTAT held receipts were inclusive of service tax and directed recomputation after granting cum-tax benefit and considering TDS.
The High Court upheld the invocation of Section 74 but remitted the matter for verification of revenue neutrality, directing the taxpayer to establish that tax had already been discharged on the goods sent for job work.
ITAT Kolkata held that a loan received by a company that was not a shareholder of the lender could not be taxed as deemed dividend under Section 2(22)(e).
ITAT Kolkata held that the CIT(A) wrongly dismissed the appeal as time-barred despite evidence showing it was filed within limitation. The matter was restored for decision on merits through a speaking order.
