Calcutta High Court held that reopening of assessment u/s. 147 for claim of bogus capital gain sustained fundamentals of company are very weak and abnormal price rise in share is artificially manipulated.
Calcutta High Court upholds quashing of an assessment order due to the Assessing Officer’s inherent lack of jurisdiction, citing CBDT instructions on nil income cases.
Calcutta HC stays GST assessment order for FY19-20, questioning Section 168A force majeure extension. Petitioner argues time-barred order and improper ITC reversal. Ongoing legal debate on GST limitation period.
Calcutta High Court quashes Income Tax reassessment against Srei Equipment Finance, affirming IBC’s overriding effect post-resolution plan approval.
The Calcutta High Court ruled that cargo handling, when part of a composite mining agreement, cannot be taxed separately. The court also addressed service tax demands on mining services, affirming partial payments and remanding other aspects.
Calcutta High Court overturns Tribunal’s order for fresh VAT assessment in Jharna Saha case, ruling it’s time-barred due to original notice failure.
Calcutta High Court grants interim relief in a GST appeal due to an unconstituted Tribunal, requiring a 10% additional tax deposit for demand stay.
Calcutta High Court dismisses writ petition by UBS Exports International challenging a single Section 74 SCN for multiple years, citing the availability of an alternate remedy via appeal.
Calcutta High Court upholds ITAT’s decision, dismissing revenue’s appeal to add unexplained share capital and premium, citing lack of substantial legal questions and judicial precedents.
Calcutta High Court remands GST case involving Enkebee Infratech, directing a fresh review of discrepancies related to IGST and invoice values.
