NCLT held that debt acknowledgments in audited balance sheets and an OTS proposal kept the Section 7 IBC application within limitation.
ITAT deleted the Section 68 addition after holding that the assessee fully established the lender, source of funds and genuineness.
ITAT held that substantial construction and structural improvements satisfied Section 54F. AO was directed to allow the deduction.
Madras HC held mandatory site restoration costs deductible under Section 37(1), set aside ITAT’s disallowance and dismissed Revenue appeals.
The High Court held that the amended CGST notifications specifically authorize only Additional Commissioners or Joint Commissioners to adjudicate DGGI-issued notices. The impugned order was set aside and remanded for fresh consideration.
Calcutta HC set aside a property attachment under Section 107 BNSS for non-compliance with notice requirements and lack of recorded reason to believe.
Kerala HC held reassessment under Sections 25A and 25(1) cannot continue after the statutory limitation period expires.
ITAT ruled that a justice-oriented approach should prevail over technical objections. Matter remanded for adjudication on merits.
ITAT ruled that genuine sale proceeds supported by books, bank records and purchaser details cannot be treated as unexplained cash credits.
Orissa HC held excise duty already paid cannot be collected again while permitting lifting of backlog MGQ under the interim order.
