GSTAT issued notice in a penalty-only appeal and deferred the pre-deposit issue, directing the Revenue to file counters before considering admission.
Mumbai ITAT allowed Section 54F deduction on purchase of a house from relatives, holding the genuine transaction could not be denied the exemption.
Calcutta HC quashed ex parte GST adjudication, appellate order and recovery notices, holding procedural irregularities warranted a fresh hearing.
Calcutta HC set aside dismissal of a GST appeal on limitation and directed fresh decision on merits after noting natural justice concerns.
Explains taxation of Gold ETFs, Silver ETFs and Gold/Silver Mutual Funds, including holding periods, LTCG, STCG and indexation rules under the Income-tax Act, 2025.
Pune ITAT quashed reassessment after finding changed grounds between sections 148A(b) and 148A(d) and holding the section 148 notice time-barred.
ITAT Pune deleted Section 50C addition, accepted declared capital gain based on registered valuer’s report reflecting property restrictions.
ITAT Ranchi deleted Section 270A penalties as the Assessing Officer did not specify the applicable statutory limb of under-reporting or misreporting.
NCLAT dismissed the appeal, holding Regulation 29 set-off applies only between the same parties and not against dues of other group entities.
NCLAT held operational debt existed under the consortium agreement, set aside rejection of the Section 9 application, and restored it for admission.
