Read a detailed analysis of the case of DCIT vs. Flax Apparels Pvt. Ltd. where ITAT Ahmedabad ruled that Section 43B of the Income Tax Act, 1961 doesn’t apply when payment precedes the claim of expenditure.
Read the full text of the ITAT Chandigarh’s decision in the case of Manuj Jain HUF Vs PCIT. The assessment order was upheld, rejecting the Section 263 revision regarding demonetization cash deposits.
Ahmedabad ITAT ruled that vehicles used for business purposes, even if owned by directors, are eligible for depreciation. Case analysis of Mukesh Trends Lifestyle Limited Vs DCIT.
Read the detailed analysis of the Delhi High Court judgment upholding penalties under Sections 112(a) & 112(b) of the Customs Act on Rameshwar Tiwari for smuggling gold.
Chennai ITAT ruled that receiving a huge sale consideration in cash violates Sec 269SS, warranting penalty under Sec 271D. Case analysis of Nammalvar Lingusamy Vs ACIT.
Delhi ITAT ruled that to claim capital gains benefit under Sec 54, taxpayers must acquire a residential house within three years from the date of old house transfer. Analysis of Mohan Lal Jain case.
Raveendra M. Madrak Vs ITO (ITAT Bangalore): Taxpayer’s appeal delay condonation plea rejected due to lack of proof on CA’s advice and negligence. Full text here.
Coimbatore Jewellers India Pvt Ltd’s Kerala HC writ seeking GST refund and penalty dismissal after delayed filing. Details of the judgment provided here.
Diana Gomez challenges Kerala HC’s condition to remit 15% of total tax demand for stay in WP appeal. Court deems the imposition arbitrary and sets it aside.
Gold Plus Toughened Glass Ltd. appeals ITAT Mumbai’s decision confirming addition of unutilized CENVAT credit to closing stock value as per IT Act.
