Calcutta High Court dismisses revenue’s appeal in PCIT vs. Sitka Mercantile, affirming ITAT’s deletion of Section 68 addition. Court finds no substantial question of law in factual findings.
Calcutta High Court dismisses revenue’s appeal against ITAT order for AY 2012-13 in PCIT vs. Maninya Comfin Pvt. Ltd., finding no substantial question of law.
Rajasthan High Court dismisses GST writ for bypassing appeal route. Petitioner failed to explain delay in challenging tax order under RGST/CGST Act.
ITAT Kolkata ruled for Weilburger Coatings, quashing an assessment order as the AO exceeded limited scrutiny scope without following CBDT conversion procedures.
ITAT Visakhapatnam ruled on whether an Assessing Officer can inquire beyond limited scrutiny, partly allowing an appeal regarding cash deposits during demonetisation.
ITAT Patna ruled the Assessing Officer exceeded limited scrutiny scope by making additions unrelated to large cash deposits without converting to complete scrutiny.
The Competition Commission of India closed a case by Airen Metals against Hindalco and Vedanta, finding no abuse of dominant position regarding copper supply contracts and bank guarantee invocation.
Rajasthan High Court upholds trust registration under Section 12A, ruling initial approval hinges on genuine objects, not income application. Clarifies AO’s role in annual assessments.
Bombay High Court dismisses Revenue’s appeal against Agfa India, ruling reassessment invalid as Assessing Officer acted under dictation, lacking independent reason to believe income escaped assessment. Highlights judicial precedents on AO’s discretion.
Interest income derived by co-operative society from its investments with a co-operative bank eligible for deduction under section 80P(2)(d).
