Court ruled that a technical error in e-way bill vehicle number does not indicate tax evasion. Goods matched invoice details, and firm is entitled to a refund of deposited penalty.
Madras High Court held that a cooperative society could file a statutory GST appeal without further pre-deposit as the disputed tax of Rs.1.86 crore was already paid. The Court confirmed proper natural justice was observed during proceedings.
Allahabad High Court rules that a buyer’s input tax credit cannot be denied if the seller’s registration is cancelled later, without proof of the buyer’s fraud.
The Allahabad High Court has set aside an ex-parte penalty order issued against Beyond Research And Development Limited, ruling that the denial of an opportunity to be heard violated principles of natural justice and procedural fairness.
The Delhi High Court has remanded a case on late ITR filing, ruling that a 12-day delay during the COVID-19 pandemic constitutes “genuine hardship.”
High Court set aside the AO’s addition of expenses in the assessment of a SEBI Category II AIF, holding that the addition was unlawful as no deduction was claimed by the fund or its unit holders.
The Bombay High Court has quashed a penalty order against Man Truck & Bus India Pvt. Ltd., citing a failure to grant a virtual hearing and a flawed assessment basis under an Advanced Pricing Agreement.
The Bombay High Court dismisses a tax appeal, affirming the right of charitable trusts to carry forward and set off previous years’ deficits against current income.
The Bombay High Court dismisses a writ petition from a taxpayer challenging assessment and penalty orders, citing the principle of alternative remedy and directing the petitioner to pursue existing appeals before the CIT(A) for a swift resolution.
The Bombay High Court has quashed an order by the Income Tax Appellate Tribunal (ITAT), ruling that a subsequent judgment from a superior court is not a valid ground to rectify or recall a previous order.
