Karvy Innotech Limited Vs State of Maharashtra: Bombay HC Quashes MVAT Order passed after expiry of four years from the end of the year containing period to which return relates
Bombay HC upholds Rs. 71.88 lakh entertainment duty for APSARA Awards while deleting Rs. 71.88 lakh penalty. Key points and detailed analysis of the judgment.
The court held that while the information prompting the notice must be disclosed to the assessee, the detailed material or evidence need not be supplied at the initial stage. The court emphasized that Section 148A aims to provide a preliminary opportunity to the assessee, ensuring that reassessment proceedings are not initiated arbitrarily or without sufficient basis.
Read the Kerala High Court judgment on income tax assessments involving Sunny Jacob Jewellers. Analysis includes AO’s authority under Section 153A, impact of incriminating materials, and appellate decisions.
Detailed analysis of Dharam Singh Vs PCIT (ITAT Delhi) case where ITAT Delhi ruled that revisionary power can’t be invoked solely on improper inquiry allegations by AO.
Read the full text of the CESTAT Kolkata order on whether Olectra Greentech qualifies for DFIA scheme benefits for importing Lithium Ion Batteries used in agricultural tractors. Detailed analysis and conclusion provided.
Detailed analysis of the ITAT Delhi order on Isha Mago vs ADIT, focusing on the appeal regarding disallowance of foreign tax credit due to late filing of Form 67.
Explore the ITAT Delhi’s ruling in Rameshwar Prasad Shrivastava vs ITO, detailing the disallowance of foreign tax credit due to procedural lapses, implications under DTAA, and judicial precedents.
Diamond Steel Vs State of Up (Allahabad High Court) – Best judgement assessment cannot be resorted to by authorities when adjudication is made under Section 74
Read the detailed Kerala High Court judgment in Poonjar Service Co-Operative Bank Ltd. vs ITO regarding tax assessment for 2018-19 under Section 80P of Income Tax Act. Understand implications and legal analysis.
