The Court held that Input Tax Credit cannot be denied due to a bona fide filing error in TRAN-1 and directed authorities to reopen the portal for resubmission within a month.
ITAT Mumbai ruled that once the Assessing Officer is aware of a merger, assessment in the name of the amalgamating company is invalid and without jurisdiction.
The Tribunal admitted insolvency proceedings after finding the corporate debtor in default of ₹1.6 crore despite notices and opportunities for repayment.
The Madras High Court upheld a reassessment order passed under Section 144 after the taxpayer failed to respond to Section 148 notices. The Court found no reason to interfere but permitted an appeal within 30 days.
The Gujarat High Court quashed a property attachment order, holding that the 2016 Benami Amendment Act applies only prospectively. The ruling relied on the Supreme Court’s finding that actions under the Act cannot cover transactions before 25 October 2016.
Tribunal held that income from international air transport through code-sharing arrangements qualifies for exemption under Article 8 of the India-USA DTAA, as it forms part of aircraft operations in international traffic.
The ITAT Bangalore held that income from tissue culture and nursery operations forms part of agricultural income under Section 10(1) when integrated with land-based cultivation.
The Court held that once ITAT upholds the appellate order and the assessee clears all dues, attachment of property must be lifted even if a departmental appeal is pending.
ITAT Ahmedabad held that denial of opportunity of hearing while rejecting an 80G(5)(iii) application violates natural justice and remanded the case for fresh adjudication.
Madras High Court upheld ITAT’s finding that receipt of bonus shares does not constitute income under Sections 2(22)(b) and 56(2)(viia). Revenue’s appeal was dismissed.
