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Cash deposit addition- ITAT condoned delay & criticised ex parte order

August 4, 2025 3636 Views 0 comment Print

ITAT Cuttack condones delay and restores appeal in case of estimated income on cash deposits due to lack of representation before CIT(A).

Delhi HC Lowers Areca Nuts Release Terms from ₹10 Cr to ₹50L

August 4, 2025 750 Views 0 comment Print

Delhi HC reduces bond and bank guarantee for provisional release of areca nuts detained over classification and test discrepancies by Customs and CRCL.

NCLAT Declines Liquidator’s Appeal, Urges Swift Auction Dispute Resolution

August 4, 2025 900 Views 0 comment Print

NCLAT dismissed Liquidator’s appeal as premature, urging NCLT Ahmedabad to decide pending IAs by the successful auction purchaser without delay.

Arbitral Award for Offshore Supplies is Business Income, Not Taxable Under DTAA

August 4, 2025 429 Views 0 comment Print

Delhi High Court confirms arbitral award for Fujitsu’s offshore supplies is business income, not taxable in India under Japan-India DTAA.

E-Way Bill Location Error No Ground for Seizure or Penalty: Allahabad HC

August 4, 2025 1674 Views 0 comment Print

Allahabad High Court quashes GST seizure and penalty, ruling technical error in e-way bill shipment place does not imply tax evasion.

ITAT Directs Re-evaluation of 4 kg alleged unexplained Gold Investment Case

August 4, 2025 795 Views 0 comment Print

Mumbai ITAT remands case of unexplained 4kg gold investment, citing improper rejection of assessee’s additional evidence under Rule 46A by CIT(A).

Assessment Quashed: NFAC Lacked Jurisdiction Prior to 29.03.2022, Holds ITAT Kolkata

August 3, 2025 5586 Views 0 comment Print

The ITAT Kolkata rules on the Nabiul Industrial Metal case, deeming an assessment invalid due to jurisdictional issues with the faceless assessment scheme’s implementation date.

Securities Scam Fund: Section 69A Not Invoked as Assessee Not Owner of Unexplained Money

August 3, 2025 978 Views 0 comment Print

The Delhi High Court upholds the ITAT’s decision to delete a Rs. 5.17 crore addition to Anoop Jain’s income, finding no evidence he owned the funds under Section 69A of the Income Tax Act.

Section 234E Fee Cannot Be Levied Without Valid TDS Deduction Liability

August 3, 2025 897 Views 0 comment Print

ITAT Ahmedabad partially allows an appeal by Bhikhabhai Hirabhai Patel, reducing late filing fees after ruling that TDS is not applicable to property transfers under Rs. 50 lakhs per transferee.

ITAT Recalls Order, Cites Jurisdictional Mistake

August 3, 2025 663 Views 0 comment Print

ITAT Bangalore recalls an order in the case of Smt. M.K. Rajeshwari, ruling that a Single Member Bench should not have heard the appeal as the assessed income exceeded the Rs. 50 lakh limit.

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