Madras High Court dismisses Malathy Constructions’ tax challenge, citing missed hearings, but allows a 30-day appeal with 20% pre-deposit.
Pune ITAT deletes penalties under Sections 271(1)(c) and 270A for Sunil Chunilal Kumavat, citing non-specification of charges and reliance on Mohd. Farhan A. Shaikh.
Jaipur ITAT deletes Section 270A penalty on Jaipur Telecom, ruling excess depreciation and TDS interest claims were bona fide errors, not misreporting.
Pune ITAT deletes Section 270A penalty on Advik Hi-Tech Pvt. Ltd., ruling non-disclosure of adjusted IT refund interest was an inadvertent error, not under-reporting.
Punjab & Haryana HC quashes ITC block order after 10% tax pre-deposit and appeal filing, directing authorities to unblock ₹56.18 lakh credit of KJ International.
Kolkata ITAT rules Section 143(2) notice not conforming to CBDT format is invalid, quashing the assessment and subsequent revision order for Nadia District Central Cooperative Bank.
Kolkata ITAT rules Section 143(2) notice without specifying scrutiny type is invalid, leading to quashed assessment for Durga Automotives.
Madras High Court rules against clubbing GST show cause notices for multiple financial years, emphasizing separate assessments and limitation periods per financial year.
Supreme Court holds that tax officer must issue final order under GST Section 129(3), even if tax and penalty are paid, to preserve right of appeal.
ITAT Mumbai ruled in favor of an assessee, allowing a short-term capital loss on share sales, stating that documented transactions aren’t bogus merely due to a scrip being labeled as “penny stock.”
