The Chennai ITAT dismissed the Revenue’s appeal after finding that identical issues had already been decided in favour of the assessee in earlier assessment years. The Tribunal followed its previous ruling on software service payments.
The ITAT Ahmedabad held that demonetisation-related cash deposits cannot be treated as unexplained money merely on suspicion when sales are properly recorded in books. The Tribunal upheld deletion of ₹2.35 crore addition due to absence of defects in evidence.
NCLT observed that the corporate debtor had acknowledged outstanding balances and never denied receipt of loan disbursements. These records were held sufficient to establish debt and default under Section 7 of the IBC.
The Calcutta High Court dismissed a writ petition challenging a consolidated GST show cause notice for multiple financial years, holding that the taxpayer had an effective appellate remedy under Section 107 of the CGST Act. The Court kept all issues relating to limitation and jurisdiction open for the appellate authority.
The Nagpur ITAT restored the issue of alleged unexplained investment to the Assessing Officer after observing that adequate opportunity was not granted before lower authorities. The Tribunal held that principles of natural justice required fresh examination of the assessee’s records.
The ITAT Nagpur held that receipts reflected in Form 26AS cannot automatically be treated as taxable turnover without verification and reconciliation with books of account and service tax records. The matter was remanded to the AO for fresh examination and cross-verification.
The ITAT Ahmedabad held that a bona fide error in selecting the incorrect clause in a Section 12A application cannot be the sole reason for rejecting registration. The matter was remanded to the CIT(E) for fresh consideration on merits.
The ITAT Ahmedabad ruled that expenditure incurred on an abandoned wind power project in the same line of business was revenue in nature since no enduring asset was created. However, the issue was remanded to the AO for verification of supporting evidence.
The ITAT Nagpur held that only the gross profit embedded in unrecorded sales can be taxed and not the entire sales amount under Section 69A. The Revenue’s appeal seeking full addition was dismissed.
The Calcutta High Court held that Income Tax Returns filed prior to the victim’s death could not be viewed with suspicion while assessing compensation. The Court enhanced compensation after reducing personal expense deduction from 50% to one-third.
