ITAT Mumbai rules Sec 68 invoked only if taxpayer can’t explain credits in books, highlighting the importance of genuine transactions for AY 2011-12, 2012-13.
Rajkot ITAT finds BSNL not in default for TDS on discounts to distributors, emphasizing correct TDS rates compliance for AY 2009-10. Appeals allowed.
Ahmedabad ITAT allows Amikrupa Education Trust’s appeal, ruling cash deposits during demonetization with explained sources not taxable under Section 69A.
ITAT Bangalore rules on the scope of rectification under Section 154, emphasizing that only clear and obvious mistakes can be corrected, aiding the assessee.
Kerala High Court dismisses writ petition in KVAT Act non-compliance case, emphasizing adherence to tax laws.
Delhi High Court directs decision on interest leviable under Section 42 of VAT Act in Blue Star Limited vs. Commissioner of Delhi VAT case. Full analysis inside.
Kerala High Court upholds decision quashing IT assessment order under Section 148A(b) for not providing reasonable hearing opportunity.
Bombay High Court rules HSBC Bank in Mauritius exempt from tax in India for bona fide banking business, impacting 2011-12 Assessment Year case.
NCLAT upholds the rejection of Kotak Mahindra Bank’s claim filed 738 days late after the approval of a resolution plan. Discover the implications.
ITAT Ahmedabad sets aside re-assessment proceedings initiated after 4 years from the AY end, citing no new material for reassessment under Section 147 of the Income Tax Act.
