CAAR Mumbai upholds Apple HomePod’s customs classification under CTH 8517 62 90, citing its principal function as a data transmission and reception device.
The Punjab and Haryana High Court examined the Commissioner of Income Tax’s powers under Section 263, emphasizing the conditions for exercising revisional jurisdiction.
ITAT Bangalore quashed a Section 263 revision order concerning a Section 54F deduction, citing insufficient inquiry by Assessing Officer and lack of adequate opportunity for taxpayer.
ITAT Jaipur allowed exemption under Section 54F in Goverdhan Singh Shekhawat Vs ITO despite technical non-compliance, emphasizing substance over form and judicial precedents.
ITAT Mumbai rules in favor of assessee, deleting a Rs 10.53 lakh cash deposit addition, citing Section 68 non-applicability to bank accounts.
The ITAT Mumbai has deleted unexplained cash credit additions for the Pitkar family, ruling Section 68 inapplicable to bank passbooks and citing genuine medical expenses.
CESTAT Delhi confirms service tax on foreign selling commission under reverse charge but sets aside extended period and penalties due to revenue neutrality.
ITAT Mumbai overturns A.O.’s additions for alleged bogus long-term capital gains and commission, citing lack of evidence and denial of cross-examination.
ITAT Nagpur rules Prerana Samajik Sanskrutik Trust’s provisional registration was wrongly cancelled. Temporary loans, not lack of genuineness.
Delhi High Court voids reassessment notices for Cadence Real Estates, citing incorrect approval authority in a post Ashish Agarwal scenario.
