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Bombay HC Quashes Tax Notices Due to Address Issue, Grants Fresh Opportunity

April 7, 2025 570 Views 0 comment Print

Bombay High Court quashes income tax notices to Srimani Basu due to improper service from address discrepancy, grants fresh hearing opportunity.

ITAT Quashes Section 12A/80G Rejection for Natural Justice Violation

April 7, 2025 1827 Views 0 comment Print

ITAT Ahmedabad remands Apna Charitable Trust’s 12A/80G renewal applications. CIT(E) rejected applications despite timely submissions, violating natural justice. Fresh adjudication directed.

Unexplained Loans from Suspected Shell Entities Taxable as Income: ITAT Ahmedabad

April 7, 2025 1560 Views 0 comment Print

ITAT Ahmedabad dismisses appeal in Pavankumar M Sanghvi Vs ITO. Unexplained unsecured loans from shell entities treated as income. Interest deduction disallowed.

Section 124 Deals with Territorial Jurisdiction, Not Core Jurisdictional Conditions of Section 153C: Bombay HC

April 7, 2025 1191 Views 0 comment Print

Bombay High Court permits challenge to 153C jurisdiction, ruling cross-objections not required to support favorable order.

Section 68 Addition Unjustified as Loan Genuineness, Lender Capacity & Transaction Proven: Gujarat HC

April 7, 2025 996 Views 0 comment Print

Gujarat High Court dismisses appeal, upholds addition of unexplained cash credit under Section 68, citing lack of genuine transactions.

Jharkhand HC orders Rs 1.23 Cr GST Cess ITC refund to Tata Steel

April 7, 2025 1533 Views 0 comment Print

Jharkhand HC orders Rs 1.23 Cr GST Cess ITC refund to Tata Steel for exports, quashing rejection based on extraneous grounds. Cites rules & circulars.

Unsecured Loan Addition deleted by ITAT Citing Adequate Evidence & Repayment

April 7, 2025 783 Views 0 comment Print

ITAT Ahmedabad upheld the deletion of ₹86 lakh addition for unsecured loans, citing sufficient evidence and loan repayment by Cloud 9 Infraspace LLP.

Assessee Proves Investment Sourced from Family; Unexplained Investment Addition deleted

April 7, 2025 615 Views 0 comment Print

ITAT Ahmedabad allows the appeal in the case of Kshama Sanjay Tripathi, accepting family sources for property investment and dismissing unexplained expenditure.

CIRP Under Section 9 Unjustified If Entire Debt Has Been Discharged: NCLAT Delhi

April 7, 2025 741 Views 0 comment Print

NCLAT Delhi allows the appeal of Essar Oil & Gas, setting aside the NCLT Ahmedabad order admitting Section 9 application filed by Greeka Greens Solution.

ITAT Mumbai Dismisses Appeal as Assessee Opts for Vivad Se Vishwas

April 7, 2025 1011 Views 0 comment Print

ITAT Mumbai dismisses the appeal of Pesticides Manufacturers and Formulators Association of India as the assessee applies for settlement under the VSV Scheme.

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