Delhi HC upheld deletion of Section 56 addition after holding Rule 11UA applicable for AY 2014-15 could not be replaced with the amended formula effective from AY 2018-19.
Karnataka HC set aside directions issued to GST authorities, holding the reimbursement dispute lay between contractors and employers under their contracts.
Chennai ITAT held that seized Tally data alone cannot justify bogus purchase additions without corroborative evidence, while sustaining additions lacking proof.
Punjab and Haryana HC allowed CENVAT credit on GP sheets, coils and aluminium sections used for air ducts, holding them to be capital goods and inputs.
CESTAT Allahabad set aside interest demand, holding set top boxes qualified as inputs and full CENVAT credit was admissible on receipt.
ITAT Mumbai restricted profit addition to 1% and deleted cash salary, cash, gold and foreign currency additions in connected appeals.
CESTAT Hyderabad allowed CENVAT credit on an imported dredger as input under Rule 2(k), set aside the credit demand and disposed of the Revenue’s penalty appeal.
ITAT Delhi deleted Section 271(1)(c) penalty after holding that no incriminating material was found and the assessment accepted the Section 153A return.
ITAT Mumbai upheld taxation of only 25% profit on alleged on-money receipts, rejected Section 69C addition of entire amount and sustained reassessment.
ITAT Mumbai upheld application of the retrospective Section 50C amendment, directing capital gains computation using stamp duty value on the agreement date.
