Delhi High Court case involves an assessee contesting ₹1.62 crore addition to income tax under Section 153C of the Income Tax Act for AY 2014-15.
HC examined VAT returns filed by petitioner, confirming existence of unutilized advance tax. Referring to Section 140(1) of TNGST Act, 2017, Court emphasized that any unutilized amount of VAT and entry tax in returns shall be allowed to be transitioned, entitling registered person to credit such amount in their electronic credit ledger.
In absence of GST notification issued for cross-empowerment, authorities from counterpart Department cannot initiate proceedings where an assessee is assigned to counterpart.
Rajasthan HC dismisses petition challenging GST demand on exhibition services. Detailed analysis of the legal arguments and court’s decision provided.
Calcutta High Court ruling questions legitimacy of investments made from share premium without business activity. Details & analysis here.
Read about the Supreme Court’s decision on whether labelling containers qualifies as ‘manufacture’ for CENVAT credit under the Central Excise Act. Detailed analysis and conclusion provided.
Delhi High Court dismisses department’s appeal due to monetary limit of Rs. 1 crore. Details of the case and implications here.
Delhi High Court rules unexplained expenditure addition, based solely on CBIC instruction, not sustainable. Details of the case here.
Read the detailed analysis of the ruling by ITAT Bangalore on the appeal filed by Chandrappa Nalina against the treatment of cash deposits during demonetization. Understand the assessment and CIT(A) decisions.
Inadequate replies to notices led to an adverse order. Madras High Court, remitting the matter for a proper response to show cause notice.
