Seramudali Kabeer Hamidali’s delay in filing ITR due to CA’s illness and demise is condoned by Madras HC, setting aside rejection order. Detailed analysis of the judgment.
In S.P.P. Silks vs State Tax Officer, Madras HC directs order be treated as SCN, highlighting flaws in audit-based GST order, stressing fair adjudication.
ITAT upholds disallowance of expenses incurred by Torrent Pharmaceuticals Ltd. on gifts, travel facilities, and sponsorships for doctors in accordance with the Supreme Court’s ruling and the CBDT circular.
ITAT held that time limit for filing rectification applications starts only when assessee is aware of order passed, not from date of order itself. Since there was no proof of intimation being served on assessee, time-barred argument by tax authorities was dismissed.
Rajendra Kumar Mishra vs. ACIT case: ITAT Kolkata directs re-evaluation as AO misinterpreted PCIT’s orders on loan payments.
Ravi Chitra Vs Assistant Commissioner: Madras HC mandates proof of goods movement in ITC dispute. Full judgment & analysis here.
Detailed analysis of ITAT Kolkata’s ruling in La Opala RG Ltd. vs DCIT, covering disallowance of forward contract loss and foreign exchange loss, with expert commentary.
Delhi HC overturned a GST demand order due to officer’s failure to consider taxpayer’s detailed reply and remitted case for re-adjudication, granting petitioner an opportunity to provide further clarification.
Read the detailed analysis of ITAT Delhi’s order regarding capital gains earned from the sale of CCL International shares. ITAT deemed the gains genuine, deleting the addition under section 69 of the Income Tax Act.
ITAT noted that company’s primary objective was providing IT services, not letting out properties. Therefore, it upheld Assessing Officer’s decision to treat rental income as income from house property and disallow depreciation claimed by company.
