ITAT Indore held that the peak credit theory should be adopted for determining income of assessee. Under this theory, only peak balance in bank account should be considered for taxation
Sri Jeyamkonda Choleeswara Soundaranayaki Amman Kumbhabisheka Malar Kyushu vs ITO (ITAT Chennai) case: Trust’s error in applying for registration under the Income Tax Act leads to ITAT’s directive for reevaluation.
Bombay High Court ruling states no writ jurisdiction on claims of GST department coercion for tax deposits, citing lack of evidence and voluntary action. Full judgment analysis.
Read about the Madras High Court’s decision to quash an Income Tax assessment order issued while objections were pending before the Dispute Resolution Panel.
Delhi High Court directs re-adjudication in Electra Power Transmission Systems vs Commissioner GST case due to petitioner’s failure to upload necessary documents, allowing two weeks for submission.
The High Court scrutinized the case, highlighting flaws in the order’s reasoning. It emphasized that the petitioner’s reply was comprehensive and should have been evaluated on its merits. The court found the decision lacking in thoroughness, as the officer failed to seek clarification or additional documents before dismissing the reply as unsatisfactory.
Delhi High Court mandates disposal of GST cancellation applications within four weeks, addressing delays in processing. Read the full judgment here.
Read about the Madras High Court’s decision in Rangaswamy Jeevanantham vs Superintendent case, where GST liability and TDS on Salary deduction under section 194H were disputed, leading to an order for a statutory appeal.
Delhi High Court ruling upholds disqualification of bid by Sunshine Caterers in IRCTC tender due to non-mention of certified information by CA in UDIN certificate.
Delhi High Court remits GST demand order due to unsatisfactory reply, directing re-adjudication by Proper Officer, ensuring fair procedure.
