Karnataka HC quashed the reassessment, demand and penalty notices after noting the uncontroverted claim of non-service of the Section 148A(b) notice.
CCI imposed penalties on HP India and five resellers for cartelisation in personal system products supply and ordered them to cease anti-competitive conduct.
CCI imposed penalties on HP India and 16 resellers for cartelisation in supplies products and directed them to cease anti-competitive conduct.
Karnataka HC upheld deletion of a Section 56(2)(ix) addition, holding that mere passage of time did not establish forfeiture of business advances.
Karnataka HC treated the assessment order as a fresh show cause notice, quashed the demand and penalty notices, and allowed the petitioner to file a reply.
ITAT Chennai upheld deletion of a Section 68 addition after finding the lender’s source had been examined and attained finality in separate proceedings.
ITAT Chennai deleted the Section 69A addition, holding that mere time gap between cash withdrawal and redeposit could not justify treating deposits as unexplained.
ITAT Chennai deleted Section 69A and Section 56(2)(x) additions, holding mortgage adjustment was not fresh investment and guideline value alone was insufficient.
Chennai ITAT condoned a 59-day delay, set aside the appellate order and remanded verification of the rural agricultural land claim and capital gains issue.
Chennai ITAT deleted a Section 68 addition on demonetisation cash deposits, accepting them as refunded business advances supported by books and records.
