ITAT Delhi deletes Rs.9.99 lakh unexplained expenditure addition, ruling that the Revenue cannot sustain an addition under Sec. 69C based purely on suspicion of cash handling logistics.
ITAT Rajkot deletes Rs.2.5 lakh cash addition made during demonetization, ruling that the amount was within the non-taxable limit specified by the CBDT for small deposits.
The Gujarat High Court has issued notice to the Union of India, demanding an explanation for not extending the Income Tax Return (ITR) filing due date under Section after extending the Tax Audit Report deadline under Section to October . The court relied on its previous ruling in the All Gujarat Federation of Tax Consultants case, which established that the two dates are inextricably linked and must be the same.
The Appellate Authority for Advance Ruling (AAAR), Gujarat, in the case In re Jivagro Limited, classified the product ‘Rapigro’ as a Plant Growth Regulator under HSN 38089340
Delhi High Court held that taxpayers must approach GST Appellate Authority to contest adjudication orders, rejecting arguments that replies ignored at adjudication cannot be considered in appeal.
The Customs Authority for Advance Ruling (CAAR), Mumbai, declined to rule on the customs classification of ‘Roasted Areca Nuts,’ holding that the issue was already decided by the Madras High Court in the applicant’s own case, despite a change in the Customs Tariff Item number.
India’s competition watchdog launches investigation against UFO, Qube, and PVR INOX over the continued levy of Virtual Print Fee (VPF) on film producers.
Delhi High Court confirmed that businesses must reduce prices to pass on GST rate cuts to consumers, rejecting claims that increased quantity or free products justify price retention. The profiteering amount was directed to the Consumer Welfare Fund.
ITAT Rajkot’s ruling in Milind Pankajbhai Shroff vs. PCIT confirms the Principal Commissioner’s authority under Section 263 to revise an assessment where the AO failed to inquire into a ₹30 Lakh deduction claimed for bogus political donations,
The Allahabad High Court admitted a customs appeal by the Commissioner of Customs against CESTAT’s order favoring B.P. Wire Industry, staying its effect pending further hearing.
