Allahabad High Court quashes GST orders against Raksha Enterprises for violation of Section 75(7) and Section 75(6) of GST Act, remands case for rehearing.
ITAT Delhi dismisses Revenue’s appeal against Tata Teleservices on taxability of interest paid to China Development Bank under India-China DTAA Article 11(3).
ITAT Delhi rules on penalty imposition for Vodafone West Ltd, concerning a debatable issue of interest on license fees.
ITAT Delhi rules assessment void in MDLR Hotels case due to Additional CIT’s failure to apply mind while granting approval under Section 153D.
Rajasthan High Court judgment in Kailash Chand Agarwal vs ITO. Discusses the genuineness of cash credits under Section 68 and the Tribunal’s reversal of CIT(A) order.
Rajasthan High Court backs tax authorities’ power to reopen assessments based on new information, citing Supreme Court rulings on ‘reason to believe’.
Bombay High Court allows condonation of delay in filing income tax returns. The delay was due to the ill health of the Chartered Accountant’s spouse, a genuine reason.
Gujarat High Court affirms tax relief on share losses for Affluence Commodities, stating sale is genuine if counterparty purchase is valid.
Supreme Court upholds NCLAT order allowing appeal against Ricoh IBC resolution plan, emphasizing timeline flexibility and CoC’s commercial wisdom.
NCLAT Chennai rejects M.K. Rajagopalan’s appeal against the approval of S. Rajendran’s resolution plan for Vasan Health Care, citing lack of locus standi as an unsuccessful applicant.
