ITAT Ahmedabad partly allows Balwa Group Cooperative’s appeal, setting aside interest income deduction disallowance for reassessment. The tribunal directed the Assessing Officer to re-evaluate proportionate expenditure claims related to interest income from nationalized banks.
ITAT Chennai deletes ₹5 crore addition u/s 68, holding assessee proved source of funds. Lease deposit deemed genuine, creditworthiness established.
ITAT Kolkata partly allows Amarlal Bathija’s appeal, remanding unexplained credit addition and deleting arbitrary disallowance of business expenses.
ITAT Kolkata remands Terai Fruits Co. penalty case, citing substantive compliance with Section 270AA despite missing Form 68. Court emphasizes need to determine misreporting under Section 270A(9).
Delhi HC quashes supplementary Section 148A(b) notice issued by AO, citing time limit and monetary limit violations. Highlights limitations under Section 149 of IT Act.
Allahabad High Court rules excess stock cases must be handled under Sections 73/74, not Section 130, quashing tax proceedings against Dee Control and Electric Pvt Ltd.
Gauhati High Court revokes GST registration cancellation, allowing restoration if statutory dues are paid. Read the full judgment details here.
Madras High Court quashes GST assessment order for Winet Communications, directing reassessment in light of the Finance Act, 2024 amendment to ITC rules.
ITAT Mumbai dismisses a revenue appeal in ITO vs. Gajadharprasad Nathai Pal as the tax effect falls below the CBDT threshold of ₹60 lakh.
ITAT Delhi rules IT support payments to CPP UK not taxable as fees for technical services due to failure of ‘make available’ test under India-UK DTAA.
