ITAT Jaipur ruled excess stock found in survey as business income, upholding a change in stock valuation method and deleting addition for making charges.
ITAT Delhi rules Oberoi Motors can set off business losses against income surrendered during survey, citing judicial precedents and CBDT circular on Section 115BBE.
Mumbai ITAT rules excess stock found during survey, when linked to business, is undeclared business income, not unexplained investment, thus avoiding Section 115BBE.
ITAT Indore rules excess gold stock found during search is business income, not unexplained investment, and 115BBE not retrospective.
ITAT Indore rules surrendered excess stock found during survey is business income, not unexplained investment under Section 69B, thus bypassing Section 115BBE higher tax rates.
Rajasthan High Court dismisses plea against ex-parte GST assessment, citing petitioner’s consistent default in filing returns and appealing, emphasizing the non-maintainability of writ petitions when statutory remedies are ignored.
Delhi High Court dismisses Ramesh Wadhera’s plea to quash a GST fraud show cause notice, citing serious allegations and his confessed involvement in operating fake firms for fraudulent IGST refunds.
Delhi High Court issues interim stay on GST intelligence show cause notice, questioning the application of “lifting the corporate veil” principles to sole proprietorship concerns.
Bombay High Court dismisses revenue’s appeal, affirming no Section 14A disallowance if no exempt income is received or receivable, citing the Delhi High Court’s Cheminvest Ltd. ruling upheld by the Supreme Court.
The Allahabad High Court dismissed Arun Enterprises’ writ petition, upholding the rejection of their service tax appeal due to significant delay and unavailability of condonation beyond statutory limits.
