ITAT Kolkata rules in favor of Philips India, affirming 30% depreciation on moulds owned by the company but used by exclusive vendors for manufacturing.
Himachal Pradesh High Court stays reassessment proceedings against Prakash Chand Jadaik, awaiting the Supreme Court’s verdict on similar Section 148 challenges.
Rajasthan High Court grants bail to Amit Singhal in a GST input tax credit fraud case, citing magistrate trial, undetermined liability, and prolonged custody.
Delhi ITAT rules bank passbooks are not books of account for Section 68 additions, quashing unexplained cash credit claims without assessee’s formal books.
CESTAT Allahabad rules customs brokers are not liable for verifying the correctness of importer documents, overturning penalties against HIM Logistics Pvt. Ltd.
Himachal Pradesh High Court orders State to reimburse Sylvan Greens Pvt. Ltd. ₹1.66 crore SGST incentive by July 31, 2025, with 6% interest on delays.
Chhattisgarh High Court sets aside PMLA cognizance order against Arun Pati Tripathi, citing denial of hearing opportunity before cognizance.
ITAT Delhi allows real estate developer Sourya Towers to claim ₹64.72 Cr loss on an abandoned Amritsar project as a revenue deduction, overturning a disallowance.
ITAT Delhi deletes Rs. 14 lakh tax addition for Aquakiosk India, citing invalid reassessment notice and proven investment source from mutual fund switch-outs.
The ITAT Delhi ruled on ACIT vs. B.K. Sales Corporation, emphasizing that Assessing Officers must adhere to limited scrutiny parameters, disallowing additions outside the scope.
