Article explains ITC as a statutory concession under Section 16 and outlines the proposed GST Council safeguard for buyers where suppliers default on tax payment.
Surat ITAT held BSNL VRS-2019 ex-gratia is eligible for Section 10(10B) exemption, condoned delay and directed AO to verify and grant relief.
Patna ITAT deleted search-based additions lacking corroborative evidence and restored the Section 56(2)(x) issue for fresh adjudication.
ITAT Ahmedabad allowed Section 54F deduction, holding that completion certificate was not required where evidence established construction within time.
ITAT Kolkata upheld deletion of business expenditure disallowance, holding that nil sales did not establish business closure and rental income remained business income.
ITAT Chennai deleted the addition under Section 69 holding that mere time gap between cash withdrawal and redeposit cannot justify treating deposits as unexplained without evidence that the withdrawn cash was spent elsewhere.
Bombay High Court quashed an ex parte GST order after finding that the order and notices were uploaded in the Additional Notices and Order section instead of the prescribed View Notices and Orders section, denying the taxpayer an opportunity to respond.
ITAT Kolkata held that an assessment under Section 143(3) is void where the mandatory notice under Section 143(2) was issued by an Assessing Officer lacking jurisdiction after transfer under Section 127.
Overview of Clause 44 of Form 3CD, its GST linkages, practical reporting issues and judicial reliance during income-tax assessment proceedings.
ITAT Jabalpur deleted Section 270A penalty, holding that an excess Section 80G deduction claim was a bona fide mistake and not misreporting of income.
