Ansil Ibrahim fails to prove ITC claim: HC Dismisses Writ Petition. Kerala High Court judges the denial of input tax credit under the CGST and SGST Acts. Read more about the case.
ITAT’s decision on Rounak Farms Pvt. Ltd. vs. ACIT case where a section 69B addition was upheld due to the appellant’s non-appearance despite 20 notices.
Nayagi Fireworks Ltd. vs. ACIT case, where cash deposits of Rs. 99.50 Lacs were disputed and ITAT provides an opportunity to substantiate source.
Important update from ICAI: Chartered Accountants Examinations November 2023 postponed in Chhattisgarh and Madhya Pradesh due to elections. Check rescheduled dates and details here.
CESTAT Kolkata quashes the service tax demand on cargo handling service in the case of Usha Martin Limited vs. Commissioner of Central Excise. Details and analysis.
ITAT Kolkata directs relief for Spandan Tradecom in a case of incorrect accounting and wrong grouping of investments, clarifying it’s not a bogus investment.
The Kerala High Court quashes Income Tax Section 148 notice and related orders due to denial of opportunity to file objections, citing mandatory requirements.
In a significant decision, ITAT Ahmedabad rules that a bonafide mistake in computing income tax does not constitute furnishing inaccurate particulars or concealment of income. Full analysis here.
The ITAT Chennai rules that an assessment order passed without proper examination of evidence can be deemed erroneous and prejudicial to the interest of the Revenue.
Kerala High Court rules no income tax liability on compensation from MACT, directs TDS refund. Details of the case and implications explained in this article.
