he Delhi High Court directs the Customs Department to refund a Kuwaiti resident for a seized gold piece that was disposed of prematurely.
The Karnataka High Court dismisses a Revenue appeal, affirming that a ₹7 crore share sale was a genuine transaction and not unexplained income under Section 68 of the Income Tax Act.
The ITAT Kolkata quashed a penalty on a taxpayer, ruling that a one-time settlement from an employer was a capital receipt. The court held that no concealment of income occurred as the amount was disclosed in the tax return.
The ITAT Kolkata dismisses the Revenue’s appeal, ruling that a ₹1.59 crore addition for alleged bogus sales was unfounded, as the company provided substantial evidence including e-way bills and bank statements.
The Delhi High Court has set aside a Rs. 2 lakh penalty on a 19-year-old taekwondo player, Vivek Kumar Singh, finding that he was acting on instructions from his coach.
The Madras High Court ruled that a taxpayer’s timely manual appeal is valid, directing an appellate authority to decide on a case related to an e-invoice issue.
The ITAT dismisses a tax addition on Hitesh Trading Company, finding the Assessing Officer’s estimation of a higher gross profit was arbitrary and lacked legal justification.
ITAT deleted an addition of ₹3.80 lakh made towards leave encashment under Section 43B, ruling that the Commissioner of Principal Commissioner (CPC) had no jurisdiction to make the addition.
Gauhati High Court grants anticipatory bail to vehicle owner in DRI foreign cigarette seizure case, directing cooperation with investigation under Customs Act.
The Madras High Court ruled that air curtains are not electrical fans, dismissing a petition from Almonard Limited and upholding a 12% sales tax under the Tamil Nadu General Sales Tax Act.
