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Section 271(1)(c) Penalty Initiation Requires Specific Satisfaction: Rajasthan HC

May 20, 2025 660 Views 0 comment Print

The Rajasthan High Court upheld that penalty proceedings under the Income Tax Act require specific, recorded satisfaction by the AO for the correct section, not general initiation.

Unaudited Accounts & Profit Discrepancy: ITAT Restricts addition to 1.52% of Turnover

May 20, 2025 309 Views 0 comment Print

ITAT Jaipur partially allows Adworld Communications appeal, reducing income estimation based on prior year’s results after account issues cited.

Delhi HC Remands GST Demand Case, Citing Issue of Notice Visibility on Portal

May 20, 2025 159 Views 0 comment Print

 Delhi High Court sets aside GST demand order against World Art Press, citing SCN visibility issues. Broader challenge to notification validity remains before Supreme Court.

No Aggregation of Escaped Income Over Years Under Section 149(1)(b): Delhi HC Sets Aside Notice

May 20, 2025 357 Views 0 comment Print

Delhi High Court sets aside an income tax notice demanding management fees from Idemia Identity And Security India, ruling it violated Section 149(1)(a) due to limitation.

Delhi HC directs Customs to Release Seized Gold & iPhones on Redemption/Storage Fee Payment

May 20, 2025 75 Views 0 comment Print

Delhi High Court orders release of a UAE resident’s seized gold and iPhones, citing lack of show cause notice and allowing redemption for phones.

Bombay HC Imposes Interest on Income Tax Officer for Refund Delay

May 20, 2025 4263 Views 0 comment Print

The Bombay High Court has fixed accountability by directing interest recovery from an erring officer for delayed income tax refunds, emphasizing timely compliance.

Madras HC Sets Aside GST Section 73 Order for No Hearing Date/Time in SCNs

May 20, 2025 162 Views 0 comment Print

A recent High Court ruling has annulled a GST order, citing a breach of natural justice. The tax authorities failed to provide a personal hearing before issuing the impugned order, despite the taxpayer’s requests for time to file a reply.

No Price Rigging Evidence in Penny Stock Loss: Calcutta HC dismisses Revenue Appeal

May 20, 2025 204 Views 0 comment Print

Calcutta High Court dismisses Income Tax Department’s appeal in a Rs. 71 lakh penny stock loss case, affirming no evidence of assessee’s involvement in price rigging.

Lack of Evasion Intent: CESTAT Delhi Quashes ₹2 Crore Penalty on Former MD

May 20, 2025 2622 Views 0 comment Print

CESTAT Delhi cancels a ₹2 crore penalty on Rajesh Khosla, former MMTC-Pamp MD, ruling that mere non-disclosure without deliberate intent to evade customs duty is insufficient for Section 112(a)(ii) penalty.

Madras HC Allows Contest of GST order Despite Cryptic Reply, Orders 25% Pre-Deposit

May 20, 2025 78 Views 0 comment Print

Madras High Court permits Star Brand Enterprises to contest a ₹69.62 lakh GST demand by filing a detailed reply, conditional on 25% pre-deposit, after their consultant filed a cryptic response.

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