Calcutta High Court dismisses Income Tax Department’s appeal in a Rs. 71 lakh penny stock loss case, affirming no evidence of assessee’s involvement in price rigging.
Calcutta High Court rules GST authorities cannot debit taxpayer ledger once mandatory pre-deposit for appeal to Appellate Tribunal is paid.
Calcutta High Court held that once, the self-assessed tax as per Section 37 is included in the return furnished under Section 39 of the CGST Act, Section 75(12) of the CGST Act can no longer be invoked for recovery.
Kolkata High Court dismissed an appeal challenging the NCLT Kolkata bench relocation and facilities, citing judicial restraint in executive policy and administrative matters.
Calcutta High Court rules excise duty under Sugar Cess Act is eligible for CENVAT credit, following Karnataka High Court’s binding precedent.
Calcutta High Court directs WB Tax Board to re-verify ALD Automotive VAT ITC claim after noting discrepancies in document submission.
Calcutta High Court held that addition u/s. 68 of the Income Tax Act towards bogus share capital and share premium duly deleted by CIT(A) since identity and creditworthiness of the share subscribers alongwith genuineness of transactions duly proved.
Calcutta High Court held that initiation of penalty proceedings under section 271(1)(c) of the Income Tax Act and passing of penalty order thereof in the name of a non-existent entity (i.e. dissolved HUF) is liable to be quashed. Accordingly, appeal of revenue dismissed.
Calcutta High Court held that petitioner is entitled to concessional rate of tax at the rate of 2% on inter-State sale even if petitioner was unable to obtain Form-C declaration. Thus, writ disposed of accordingly.
Calcutta High Court upholds a transfer order under Section 127 of the Income Tax Act, passed eight years prior, after examining due process.
