Detailed analysis of the Delhi ITAT’s ruling in ACIT Vs Dhruv Milkose Pvt. Ltd., regarding the taxation of premium charged on the issue of shares to existing shareholders under Section 56(2)(viib) of the Income Tax Act.
Babubhai Ramanbhai Patel vs DCIT – Ahmedabad ITAT rules CIT(A) must discuss case merits before dismissing appeal for non-prosecution. Full analysis here.
Debarghya Chattopadhaya vs DCIT – Kolkata ITAT rules taxpayer, possessing tax residency certificate and taxed in another contracting state, deserves treaty benefit u/s 90. Full analysis here.
DCIT vs Continental Corrugators Pvt. Ltd. – Delhi ITAT rules Rule 11UA(2)(A) doesn’t require a valuation report for substantiation under NAV method for determining FMV. Full analysis here.
Read about the Calcutta High Court’s decision to uphold the deletion of share capital addition under Section 68 of the Income Tax Act, as identity, creditworthiness, and genuineness of transactions were established.
Delhi High Court orders refund decision within 4 weeks for Central Herbal Expo’s claim under DVAT Act. Get insights into the judgment.
Delhi High Court directs re-adjudication in case of failure to reply to GST Registration cancellation SCN due to portal access issue. Full judgment analysis.
Read about Ganesh Sales Corporation’s case where Delhi HC overturns GST registration cancellation due to procedural lapses in the show cause notice and order.
Analysis of Aashirvad Villa Limited Vs ITO case by Kolkata ITAT regarding the proceeding upon intimation passed U/s 143(1) without granting reasonable opportunity of hearing to assessee.
Detailed analysis of the Delhi High Court’s modification of the order in Manish Anand Vs AVATO Ward-45 State Goods And Services Tax & Ors. regarding the retrospective cancellation of GST registration for failure to furnish returns.
