Madras High Court quashes GST assessment order due to retrospective amendment in Section 16 of CGST Act. Matter remanded for fresh consideration.
ITAT Pune rules that ₹10 lakh from truck sale via banking channel is not unexplained cash credit under Section 68, setting aside CIT(A)’s findings.
ITAT Cochin remanded the case of Malanadu Co-op Bank on penalty immunity under Section 270A, directing AO to review the application on merits.
ITAT Mumbai quashes reassessment in Top Class Capital Markets Pvt Ltd Vs ACIT due to incomplete disclosure of reasons for reopening under Section 147 of the Income Tax Act.
Kerala HC upheld the TDS penalty under Section 271C in US Technologies case, directing reconsideration of quantum. Read the detailed analysis of the judgment.
The Supreme Court overturned the Andhra Pradesh High Court’s decision to condone a 1011-day delay in filing a second appeal, citing lack of sufficient cause.
Bombay HC rules unexplained bank credits are taxable under Sec 68. Orders probe into accommodation entry racket by Buniyad Chemicals.
Supreme Court rules on police authority in cognizable drug-related offences under Chapter IV of the Drugs Act, emphasizing the role of Drugs Inspectors.
Madras High Court rules in A.R. Safiullah Vs ACIT, quashing a tax notice under Section 153A for AY 2009-10, citing statutory limits on search-based assessments.
ITAT Visakhapatnam sets aside penalty on Malla Appalaraju under Section 271(1)(c) due to a defective notice, ruling it void ab initio.
