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HC Directs CPC to Accept Manual ITR for Missed Capital Gains Deduction Due to Filing Error

July 26, 2025 1104 Views 0 comment Print

Meghalaya High Court directs tax authorities to accept a manually filed revised IT return from Shyam Century Ferrous Ltd. for a mistake, citing a Delhi HC precedent.

No Valid SCN Under CGST Act If Hosted in ‘Additional Notices’ Tab Only: MP HC

July 26, 2025 1191 Views 0 comment Print

Madhya Pradesh High Court sets aside GST demand, finding show cause notice uploaded under Additional Notices insufficient, violating natural justice, citing Madras and Delhi High Court precedents.

LTCG Claim in NYSSA Stock Is Bogus, Calcutta HC Upholds ₹9.16 Lakh Addition

July 26, 2025 1248 Views 0 comment Print

Calcutta High Court restores reassessment for bogus LTCG, finding ITAT erred by ignoring AO’s evidence and satisfaction in a penny stock scam, citing Supreme Court precedents.

Impersonation of IT/Customs Officials: Gujarat HC denies Bail in Cyber Fraud Case

July 26, 2025 477 Views 0 comment Print

Gujarat High Court rejects bail for a woman accused in a Rs. 14 lakh cyber fraud, citing impersonation as IT/Customs officials, use of forged documents, and concerns about absconding due to foreign passports.

Business Loss Set-Off Against STCG from Business Asset Sale: ITAT Remands to AO

July 26, 2025 1332 Views 0 comment Print

ITAT Pune remands case regarding set-off of brought-forward business losses against deemed short-term capital gains from depreciable assets, citing judicial precedents and scope of Section 143(1).

AO Cannot Reopen Assessment Beyond Grounds Mentioned in Section 148A(b) Notice

July 26, 2025 1821 Views 0 comment Print

Delhi High Court sets aside tax action against Rajat Sharma’s Independent News Service Pvt. Ltd. over alleged unaccounted foreign remittances for AY 2017-18.

Occupancy Certificate Not Final for Kerala Luxury Tax if Re-measurement Shows Larger Area

July 26, 2025 453 Views 0 comment Print

Kerala High Court rules Occupancy Certificate isn’t the sole basis for building tax. Authorities can re-measure plinth area for luxury tax under Kerala Building Tax Act.

Income Tax Reassessment Beyond 3 Years Barred If Escaped Income Below ₹50 Lakhs

July 26, 2025 1530 Views 0 comment Print

Kerala High Court invalidates income tax reassessment for AY 2016-17, citing a statutory time bar as escaped income was below the ₹50 lakh threshold.

CESTAT Grants Interest on Sanctioned CENVAT Refund Claim for Delay Beyond Three Months

July 26, 2025 633 Views 0 comment Print

CESTAT Delhi rules BHEL is entitled to 6% interest on delayed CENVAT refund, overturning Commissioner (Appeals) decision.

Kerala HC Quashes Income Tax Reassessment Notice Issued on Cancelled PAN

July 26, 2025 1125 Views 0 comment Print

Kerala High Court sets aside reassessment against co-operative bank, ruling proceedings based on a cancelled PAN denied effective opportunity to contest.

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