The case addresses the continued failure to release ITR utilities on time despite earlier court directions. The Court adjourned the matter after CBDT failed to file a required affidavit, highlighting ongoing compliance gaps.
Claims of high success rates in competitive exams were not supported by complete data or documentation. The decision emphasizes that unverifiable claims in advertisements amount to misleading representation and unfair trade practice.
CESTAT held that CENVAT credit on employee travel, guest house caretaker services, and group health insurance was admissible as the services were used in relation to business operations.
High Court held that reliance solely on affinity test and cultural traits was insufficient where extensive documentary records, including pre-constitutional entries and family validity certificates, supported the Scheduled Tribe claim.
High Court held that consideration received on transfer of self-generated trademarks before 1 April 2002 was not taxable as capital gains because no ascertainable cost of acquisition existed, making computation provisions unworkable.
The Tribunal held that a company engaged in high-end KPO and business solutions could not be compared with a routine captive BPO service provider. It also ruled that a comparable cannot be rejected solely for following a different financial year if reliable quarterly data is available.
The Tribunal held that rejection of declared value without proof of inaccuracy was unjustified. Key takeaway: transaction value cannot be rejected without reasonable doubt and supporting evidence.
The issue involved additions based on alleged bogus purchases without VAT payment. The Tribunal remanded the matter pending the High Court’s decision on similar cases.
The Tribunal upheld TDS liability where tax was deducted only on part of the property value. It ruled that TDS must be applied on the entire consideration for immovable property transactions.
The issue involved denial of ITC without evaluating submitted documents. The Court directed authorities to reconsider objections with evidence of genuine transactions. The key takeaway is that authorities must examine taxpayer replies before issuing final decisions.
