ITAT Mumbai decides on a case involving the disallowance of Section 35-AC deduction, emphasizing the importance of tangible evidence over mere allegations.
Analysis of Leelaben Kantilal Parekh Vs ITO (ITAT Mumbai) case discussing the validity of a reopening notice under section 148 and addition under section 69C for bogus purchases.
Explore the Jharkhand High Court’s decision in Pasari Casting vs. Income Tax Department, addressing a critical tax reassessment issue. A detailed analysis inside.
Explore the MCA adjudication order imposing penalties on Kudos Finance And Investments Private Limited for filing unsigned attachments to Form AOC-4, violating section 134(6) of the Companies Act, 2013.
Unveiling the Jharkhand High Court’s decision in Pasari Casting vs. IT Department, highlighting key aspects of tax law and principles of justice.
The Calcutta High Court quashes a prosecution report against a director in a liquor import case, highlighting legal nuances and implications for company liability.
Gyandeep Charitable Trust’s appeal against the denial of exemption under section 11 of the Income Tax Act, due to a delay in filing Form 10B, is upheld by ITAT Ahmedabad, citing procedural nature.
Mumbai ITAT invalidated the assessment against Good Shepherd Church due to reopening based on incorrect grounds. Get insights from the detailed analysis of the case.
Mumbai ITAT’s ruling on Colorplus Realty Limited vs. Dy. CIT case regarding deduction u/s 80IB for compensation received from insurance company for destroyed goods before sale.
Ahmedabad ITAT rules that if identity, creditworthiness, and genuineness of transaction are established, loans from shell companies can’t be treated as unexplained under section 68.
