ITAT Ahmedabad deletes Section 56(2)(x)(b) addition for land purchase, citing prior co-owner’s case where FMV difference was within 10% threshold.
Delhi ITAT grants BMW India a stay on tax recovery for AY 2016-17 after the company deposited 20% of the outstanding demand, noting past rulings on AMP expenses.
The Calcutta High Court upheld the ITAT’s decision, ruling that the PCIT’s revisionary powers under Section 263 were arbitrarily exercised as the AO had conducted due verification.
IIM Sirmaur secures tax exemption registration after ITAT Chandigarh rules against denial based on a technical error in application, citing judicial precedents.
Analysis of SEBI’s order against PWAPL for spoofing, examining India’s scattered legal framework, proof challenges, and global regulatory comparisons.
Calcutta High Court overturns GST registration cancellation for cryptic order and failure to consider multiple business address amendments. Case remanded for reasoned decision.
Delhi High Court sets aside an Input Tax Credit demand of ₹2.8 crore against Genius Electricals due to natural justice violation, ordering a fresh hearing.
Allahabad High Court stays GST recovery on leasehold right transfers, citing Gujarat High Court precedent that such transactions are not subject to GST.
Delhi High Court dismisses Air Customs’ plea, upholding bail for individuals accused in a gold smuggling case, citing no infirmity in the Metropolitan Magistrate’s order.
Delhi ITAT quashes reassessment proceedings against Smt. Seema Swami for AY 2008-09, ruling the Assessing Officer lacked tangible material for a valid reason to believe income escaped assessment.
