Reopening of assessment was initiated before the lapse of four years, and there was no scope for interference with the Income Tax authorities’ reopening decision if escapement income was found.
Madras High Court confirms Form ASMT-10 is crucial for discrepancies in return scrutiny under Section 61 of CGST Act, ruling its absence vitiates the process.
Delhi HC remands GST cancellation case for reconsideration due to portal glitch, requiring personal hearing and fresh assessment by Adjudicating Authority.
Delhi HC grants Chintamani Sharma & Sons 6 weeks to submit documents for Rs. 50 lakh DGFT penalty, citing DRI’s role in delayed submission.
Karnataka HC rules that land sale value for tax should be based on the agreement date, not registration date, under Section 50C of the Income Tax Act.
Gauhati High Court quashed a GST order issued after statutory limitation period under Section 73(10) of GST Act, deeming it without jurisdiction.
Punjab and Haryana HC ruled on the waiver of pre-deposit under Section 33(5) of HVAT Act, directing the appeals to be heard based on financial hardship. Writ petitions allowed.
Madras High Court held that addition towards difference between purchase value and guideline value without awaiting report of valuation officer, as matter was referred to valuation officer, is clearly unsustainable.
Delhi High Court held that deduction of tax by Land Acquisition Collector is duly, however, the same was not reflected in Form 26AS. Thus, petitioner cannot be penalized for mere reason that Form 26AS suffered from a discrepancy.
Andhra Pradesh High Court held that claim not part of resolution plan stand extinguished on the date of approval of resolution plan and no person will be entitled to initiate or continue any proceedings in respect to a claim, which is not part of the resolution plan.
