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Gujarat HC Quashes Faceless Assessment for denying Personal Hearing

January 30, 2025 1149 Views 0 comment Print

Gujarat HC sets aside faceless assessment order due to lack of personal hearing via video conference, directing a fresh order in compliance with natural justice.

CoC’s Approval of Resolution Plan Not Reviewable unless Statutory Violations Occur

January 30, 2025 624 Views 0 comment Print

NCLAT upheld the approval of the Resolution Plan for Jason Dekor, dismissing procedural violations and emphasizing the CoC’s commercial wisdom.

Financial Creditor’s can Invoke Pledge; IBC Application can e Admitted Despite Settlement Attempts: NCLAT

January 30, 2025 630 Views 0 comment Print

NCLAT upholds CIRP initiation against Amit Yogesh Satwara’s firm due to financial default despite partial payment efforts and share pledge dispute.

ITAT Excludes Inter-Branch Transfers from Turnover, Grants 25% Concessional Tax Rate

January 30, 2025 1923 Views 0 comment Print

ITAT rules inter-branch transfers excluded from turnover for concessional 25% tax rate under Finance Act, 2017, reducing tax liability for Power and Instrumentation Ltd.

Business Decisions on Interest-Free Advances Should Not Be Arbitrarily Questioned by Revenue

January 30, 2025 1611 Views 0 comment Print

BPS Mineral Exports Pvt. Ltd. Vs ITO (ITAT Ahmedabad) In the case of BPS Mineral Exports Pvt. Ltd. vs ITO, the Income Tax Appellate Tribunal (ITAT) Ahmedabad addressed an appeal filed by the assessee against the order of the Commissioner of Income Tax (Appeals) (CIT(A)) for the assessment year 2016-17. The dispute centered around the […]

ITAT Surat quashes Section 263 revision as AO’s view was legally sustainable

January 30, 2025 1176 Views 0 comment Print

ITAT Surat rules against PCIT’s revision under Section 263, stating the Assessing Officer’s view on Unique Polypack transactions was legally sustainable.

ITAT Chennai Remands Appeal Due to Incorrect Delay Calculation

January 30, 2025 531 Views 0 comment Print

ITAT Chennai sets aside CIT(A)’s order in Amuthasurabi Educational Trust case, citing incorrect delay calculation. Case sent for fresh adjudication.

ITAT HC Dismisses Appeals as Withdrawn Due to Settlement Under DTVSVS 2024

January 30, 2025 501 Views 0 comment Print

ITAT Delhi dismisses BRR Securities’ appeals as withdrawn after settlement under the Direct Tax Vivad se Vishwas Scheme, 2024. Case closed on 03/12/2024.

ITAT Quashes Ex-Parte Order Due to COVID-Related Non-Appearance

January 30, 2025 465 Views 0 comment Print

ITAT Pune sets aside an ex-parte order against Ahmednagar Auto citing COVID-related non-compliance as a valid reason for non-appearance. Case remanded for review.

Orissa HC Grants Interim Relief in GST Appeal Due to Delay in GSTAT constitution

January 30, 2025 837 Views 0 comment Print

Orissa HC allows interim relief in a GST appeal, reducing deposit requirements due to the non-constitution of the appellate tribunal.

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