Delhi High Court rules in favor of Square Vision India Pvt Ltd, condoning a one-day delay in ITR filing for AY 2016-17, citing genuine hardship and setting aside PCIT’s rejection.
TAT Pune ruled on Hotel Ayodhya’s appeal, clarifying that unabsorbed depreciation can be set off against income from other sources, overturning lower tax authorities’ decisions.
Allahabad High Court sets aside GST demand order against Shakil Ahmad Security Agency, citing lack of detailed reasoning under Section 75(6) of the GST Act.
The ITAT Lucknow has restored the penalty case of UP State Bridge Corporation Ltd. to the Assessing Officer, aligning with the Allahabad High Court’s directive to await quantum appeal outcomes.
Delhi ITAT rules business expenses with genuine payments and TDS cannot be disallowed solely for payees’ lack of GST registration.
Delhi High Court sets aside order against KK Trading Co., mandating fresh hearing and reply opportunity in GST show cause notice case due to procedural lapses.
The ITAT Chennai has remanded the case of Dr. Anbu Selvan vs. ITO, involving Rs. 50.5 lakh in unexplained money, back to the Assessing Officer. The Tribunal cited the AO’s failure to specify transaction details, allowing for fresh consideration.
The ITAT Chennai has remanded a case concerning Section 80P(2) deduction for co-operative bank interest. The Tribunal reversed contradictory findings and directed verification of banking licenses for eligibility.
Delhi High Court directs Banson Enterprises to appeal GST demands in fraud case, citing alternate remedies and Supreme Court precedents.
The Bombay High Court dismissed a writ petition against an income tax assessment order, stating the petitioner failed to exhaust statutory appeal remedies and presented no extraordinary circumstances.
