Bombay High Court dismisses revenue’s appeal, affirming that income tax penalty notices must clearly specify grounds of concealment or inaccurate particulars.
Calcutta High Court hears appeal on the validity of tax penalties under Section 271(1)(c), specifically if show-cause notices lacking specific grounds are invalid. The case involves the Thakur Prasad Sao Group.
The Madhya Pradesh High Court rules on territorial jurisdiction for writ petitions, emphasizing the petitioner’s right to choose forum when concurrent jurisdiction exists and clarifying the application of forum conveniens based on where the cause of action arises.
ITAT Hyderabad permits ₹49.65 lakh Foreign Tax Credit as assessee filed Form 67 within amended Rule 128(9) timeline for AY 2022-23.
ITAT Delhi affirms no Section 68 addition on non-resident share premium, citing proven identity, creditworthiness, and genuineness.
ITAT Ahmedabad rules a 29-day delay in filing Form 10DA is a procedural lapse, not a bar to claiming an 80JJAA deduction, overturning a ₹92.6 lakh disallowance.
Karnataka High Court bars double GST action, quashing state notice to Toyota Kirloskar due to ongoing central proceedings on the same tax issue.
The Kerala High Court has set aside a Customs Department order, reaffirming that a personal hearing is a mandatory requirement under Section 28(8) of the Customs Act, 1962. The ruling came in the case of Premier Marine Foods Vs Union of India, involving a partnership firm engaged in import and export that challenged a demand of over Rs. 1.32 crore in duty drawback
Rajasthan High Court grants bail to Rajesh Agarwal in a ₹26 crore GST fraud case, citing no extraordinary reasons for continued detention and considering the prolonged trial.
ITAT Ahmedabad rules superannuation fund contributions are deductible if paid before the tax return due date and the fund is approved, directing AO verification.
