Madras High Court directs income tax authorities to address Vinplex India’s representation for unpaid interest on a Rs 3.71 crore refund, previously sanctioned and partially paid.
Bombay High Court quashes Income Tax Department’s search and seizure on Balkrushna Buty, citing lack of reason to believe mandated by Section 132 of IT Act.
Delhi ITAT rules Coursera’s online course receipts from India are not taxable as Fees for Included Services, citing prior judicial precedents.
The ITAT Delhi has deleted an addition of Rs. 41.16 lakh made by the tax authorities on cash deposits by Surendra Kumar Gupta, ruling that the source was adequately explained.
Madras High Court stays penalty orders under Sections 270A and 271AAC against Aadhitya Property Developers, pending a decision on the assessee’s belated appeal against the core assessment order.
ITAT Pune remands Piaggio Vehicles’ transfer pricing dispute on export segmentation, citing need for verification, while upholding corporate guarantee fee allowance based on judicial precedents.
ITAT Surat remands Navsari Modh Vanik Panch’s 80G approval case to CIT(E), Ahmedabad. The trust, registered under 12A/12AB, faces re-evaluation of its charitable status based on recent financial records, specifically religious expenditures
Delhi ITAT rules in Ajay Singh vs. ACIT, quashing reassessment for AY 2012-13. Citing borrowed satisfaction and lack of independent inquiry by AO, the tribunal highlights the need for a direct link between tangible material and belief formation, even on merits.
ITAT Jaipur ruled excess stock found in survey as business income, upholding a change in stock valuation method and deleting addition for making charges.
ITAT Delhi rules Oberoi Motors can set off business losses against income surrendered during survey, citing judicial precedents and CBDT circular on Section 115BBE.
