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Bank Entries & ITRs Proved Genuineness of Share Capital: ITAT Deletes Addition

August 8, 2025 546 Views 0 comment Print

ITAT Delhi confirms deletion of ₹3.07 Cr income tax addition for Tarun International Ltd., citing sufficient documentary evidence for share capital genuineness.

SCN Vague if Mere Section is Quoted: HC Set Aside GST Registration Cancellation

August 8, 2025 1083 Views 0 comment Print

Bombay High Court quashes GST registration cancellation, ruling a vague show cause notice merely quoting a section is a breach of natural justice and cannot sustain the action.

Failure to Receive Income Tax Notices Not Assessee’s Fault – Trust Given Another Chance

August 8, 2025 912 Views 0 comment Print

ITAT Bangalore directs fresh adjudication for trust registration denial, ruling it cannot be rejected merely for non-submission of documents, especially if notice receipt is disputed.

Interest on Income Tax Refund is Taxable, Rectification Plea Rejected

August 8, 2025 1110 Views 0 comment Print

ITAT Ahmedabad rules interest received under Section 244A on income tax refunds is taxable and rejects rectification plea, distinguishing it from interest on government grants.

Section 143(1) Additions Can’t Survive If Not Upheld in Section 143(3) Order

August 8, 2025 891 Views 0 comment Print

ITAT Delhi dismisses revenue’s appeal, confirming deletion of Rs. 11.05 crore disallowance for IndiGo as initial Section 143(1) order merged with final Section 143(3) assessment.

Delhi HC Orders Refund of ₹15 Lakh Wrongly Re-Credited Under Abolished Scheme

August 8, 2025 321 Views 0 comment Print

Delhi HC directs Customs to refund Rs. 15 lakh with 4% interest, ruling re-crediting to an importer’s license was impermissible under an abolished scheme.

Kerala HC Stays Recovery in Reassessment Case Pending Delay Condonation

August 8, 2025 381 Views 0 comment Print

Kerala High Court temporarily halts recovery proceedings under Section 147 against assessee, pending tax authorities’ decision on delay condonation and stay petitions.

ED Must Share ECIR Number & Predicate Offence in Summons: Calcutta HC

August 8, 2025 1113 Views 0 comment Print

Calcutta High Court mandates ED to issue fresh summons with predicate offence details in a PMLA case, balancing investigative powers with fair disclosure for appearance.

ITAT Allows Trust’s Plea After Email Miscommunication by Accountant Led to Rejection

August 8, 2025 402 Views 0 comment Print

ITAT Ahmedabad restores Ram Bhakt Mandal Trust’s 12AB and 80G registrations, condoning 165-day delay due to accountant oversight and trustees’ age; imposes Rs. 10k costs.

SEBI directed to Accept Payment Despite One-Day Delay; Writ Petition Allowed

August 8, 2025 474 Views 0 comment Print

Calcutta High Court directs SEBI to accept Priya Ranjan Sah’s payment, citing a one-day delay as not warranting prolonged litigation or fresh asset auctions.

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