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GST Registration Can’t Be Cancelled Retrospectively without clear notice: Delhi HC

March 15, 2025 1431 Views 0 comment Print

Mohit Enterprises Vs Commissioner of State GST And Vat Department of Trade And Taxes Delhi (Delhi High Court) Delhi High Court, in Mohit Enterprises vs. Commissioner of State GST and VAT Department of Trade and Taxes, Delhi [WP (C) 1086/2025], ruled that the cancellation of GST registration cannot be given retrospective effect without due notice. […]

Penny Stock: No Sections 68 & 69 Additions Solely on Suspicion or General Trends

March 14, 2025 3630 Views 0 comment Print

ITAT Delhi overturns tax addition in Puja Gupta Vs ITO, ruling that share transactions were genuine. Revenue’s reliance on suspicion and probabilities dismissed.

ITAT allows Section 10(38) Exemption on LTCG from Sell of Shares of Midland Polymers 

March 14, 2025 1371 Views 0 comment Print

ITAT Mumbai rules in favor of Ramesh Rikhavdas Shah, rejecting AO’s additions on alleged penny stock transactions and commission expenses for AYs 2014-15, 2015-16.

ITAT allows Withdrawal of Appeals as taxpayer opted for Vivad Se Vishwas Scheme

March 14, 2025 939 Views 0 comment Print

ITAT Pune dismisses DCIT’s appeal against Danfoss Power Solutions as the company opts for the Vivad Se Vishwas Scheme to settle the tax dispute.

Capital gains tax payable if demerger fails to fulfill Section 2(19AA) conditions

March 14, 2025 2565 Views 0 comment Print

ITAT Ahmedabad issues ruling on Reckitt Benckiser’s tax appeal regarding demerger compliance under Section 2(19AA) and capital gains tax treatment.

Capital R&D Expenditure Allowed U/s 35(1)(iv), Weighted Deduction Denied for Lack of DSIR Approval

March 14, 2025 1596 Views 0 comment Print

ITAT Chennai rules on Ashok Leyland’s tax appeal regarding R&D deductions under Section 35(2AB). The tribunal allows partial relief, citing legal precedents.

Time-barred Section 148 – Finance Act, 2021: Rajasthan HC Stays Final Order

March 14, 2025 1548 Views 0 comment Print

 Rajasthan High Court stays final order in Radha Mohan Maheshwari’s reassessment case, citing time-barred notice under Section 148. Proceedings may continue, pending reply.

 Rajasthan HC Stays Final Order in Time-Barred Reassessment

March 14, 2025 1251 Views 0 comment Print

 Rajasthan High Court stays final order in Ram Babu Agarwal’s reassessment case, citing time-barred notice under Section 148. Proceedings may continue, pending reply.

Taxation of life insurers must follow prescribed actuarial methods

March 14, 2025 1125 Views 0 comment Print

ITAT Mumbai partly allows HDFC Life’s appeal, addressing taxability of life insurance profits, shareholder account transfers, and Section 14A disallowances.

ITAT Grants Opportunity to Contest Turnover-Based Estimation Due to Natural Justice Principles

March 14, 2025 1557 Views 0 comment Print

ITAT Surat condones appeal delay in Ramesh P. Mehta HUF case, remanding tax assessment dispute for fresh consideration by AO. Read key judicial observations.

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