Gujarat High Court sets aside reassessment notice under Section 148 issued to Khushboo Anand Bhayani for F&O trading profits, citing lack of independent verification.
Delhi High Court rules that Section 68 does not apply when shares are issued for goodwill without monetary consideration. No substantial question of law found.
Kerala High Court directs authorities to refund excess property tax paid by Synthetie Industries Ltd, setting a two-month deadline for compliance.
Delhi HC orders release of Rolex watch, criticizes Customs for relying on standard waiver forms, citing lack of due process in detention.
Madras High Court rules that procedural delay in filing GST appeals should not lead to dismissal if statutory requirements, including pre-deposit, are met.
ITAT Mumbai allows compensation for contract breach as business expense, dismisses revenue’s appeal on advance additions in Logical Properties case.
CESTAT Delhi overturns ₹10 lakh penalty under Rule 26(1), citing the absence of confiscation, a key requirement for imposing penalties under the Excise Rules.
ITAT Ahmedabad remands case due to incorrect notice delivery, allowing reassessment of unexplained deposits and income under natural justice principles.
ITAT Chennai remands case for fresh assessment, allowing Ramesh Sreenivasalu to submit documents on demonetization cash deposits. Assessee fined Rs. 20,000.
CESTAT Chennai abates Neoteric Infomatique’s customs appeal after NCLT’s approval of the resolution plan, citing Supreme Court and tribunal precedents.
