The ITAT Chennai, in the case of T. Radhakrishnan Vs ITO, ruled a ₹8 lakh cash deposit was from the sale of casuarina trees, not unexplained income, and deleted the tax addition.
The Uttarakhand High Court’s recent judgment in the Puran Singh case sets a clear precedent for the revocation of GST registrations cancelled due to non-filing of returns.
The Supreme Court dismissed the appeal of advocate Manoj Kumar Sharma, upholding the Bar Council of India’s three-year suspension for professional misconduct involving scandalous allegations.
In a case against the Union of India, the Patna High Court quashed a Betel Nut seizure memo, stating that mere citation of statutes is insufficient.
The Income Tax Appellate Tribunal (ITAT) Mumbai dismisses the Revenue’s appeal, affirming the deletion of a ₹80 lakh unexplained investment addition.
Delhi ITAT restores Silverton Pulp And Papers Pvt. Ltd.’s appeal to the CIT(A) to verify the applicability of Section 56(2)(x)(b) to a disputed agricultural land purchase, where the stamp valuation authority valued it as residential.
ITAT Mumbai ruled that the allotment of a flat to the assessee during AY 2007-08 does not attract tax under Section 56(2)(v), as the provision at that time applied only to money received, not immovable property.
Delhi High Court affirmed a ₹10 lakh fine on freight forwarder Ravindra Kumar for aiding illegal export of CITES-protected Red Sanders. Court rejected a larger penalty.
The Income Tax Appellate Tribunal (ITAT) Mumbai has deleted a tax disallowance of Rs. 2.3 lakh made against the Engineering Mazdoor Sabha trade union for compensation payments to its members.
ITAT, Pune, set aside CIT (Exemption)’s rejection of an educational trust’s applications for Section 12A registration and Section 80G approval.
