Absence of reply from the creditors do not entitle the Assessing Officer to treat the creditors as bogus without bringing any evidence on record to prove the payable are not indeed not required to be paid.
In a crucial decision, ITAT Dehradun quashes reassessment in Uttarakhand Purv Sainik Kalyan Nigam Ltd vs. ITO case. Analysis of Section 151 approval absence and its implications.
Read about Patna High Court’s decision in Mahavir Sharmik case, granting relief to a cooperative society from BGST for solid waste management activities.
Explore ITAT Delhi’s ruling limiting deemed dividend addition to shareholders. Details on assessment years 2013-14, 2014-15, and 2015-16. Full text analysis.
Delhi High Court analyzes Tribunal’s decision in PCIT vs Nirmal Kumar Minda, upholding deletion of additions for jewellery, paintings, and wrist watches. Learn more.
Delhi High Court dismisses Section 153A proceedings in PCIT vs Oxygen Business Park case. Analysis of the impact on income tax assessments post-search. Learn more.
Explore the detailed analysis of ITAT Ahmedabad’s order directing the reassessment of Form 10AB for 80G registration. Insights into the case of Best Buds Pet Care Vs CIT.
Delhi High Court deems proceedings invalid for representative assessee when principal taxpayer ceases to exist. Full analysis of CIT vs. Cairnhill Cipef Ltd.
Explore the Ajay Traders vs. C.C.-Mundra case: CESTAT Ahmedabad rejects customs’ reliance on Zuaba portal data, deeming it unauthenticated. Details of the order and key legal arguments.
Explore SEBI’s response to Prajana Advisors’ query on Cat III AIF investments in mutual funds. Understand the implications of Regulation 18 under AIF Regulations.
