The Gujarat High Court invalidated a tax reopening notice against Hemanshu Ramniklal Shah, ruling it was based on a “change of opinion” rather than new material, after the original assessment was already scrutinized.
Karnataka High Court rules Ace Designers’ write-off of foreign subsidiary investment is a business loss, not capital loss, citing commercial expediency.
In response, the respondent bank clarified that such a request would be considered only after the appointment of a curator for the petitioners and that the closure of the savings account would proceed only by following due procedure.
The Petitioner was under the mistaken impression that only Input Tax Credit could be distributed through the ISD account and the cash deposit was not permissible for distribution.
This case examines an ITC claim dispute under U.P. GST, 2017, where the supplier allegedly failed to deposit tax. The court reviews Section 16(2)(c) and relevant precedents.
The Calcutta High Court upheld the ITAT’s decision, ruling that the PCIT’s revisionary powers under Section 263 were arbitrarily exercised as the AO had conducted due verification.
Calcutta High Court overturns GST registration cancellation for cryptic order and failure to consider multiple business address amendments. Case remanded for reasoned decision.
Delhi High Court sets aside an Input Tax Credit demand of ₹2.8 crore against Genius Electricals due to natural justice violation, ordering a fresh hearing.
Allahabad High Court stays GST recovery on leasehold right transfers, citing Gujarat High Court precedent that such transactions are not subject to GST.
Delhi High Court dismisses Air Customs’ plea, upholding bail for individuals accused in a gold smuggling case, citing no infirmity in the Metropolitan Magistrate’s order.
