Karnataka HC quashes income tax assessment and penalty orders due to non-service of show cause notice (SCN) under Section 148A(b), allowing fresh reply opportunity.
Karnataka HC quashes CBDT order under Section 119(2)(b) and condones 2-hour delay in ITR filing due to genuine hardship. Returns for AY 2019-20 to be processed.
Karnataka High Court rules on a 7-day response requirement for Section 148A(b) IT notices in Shivakumaraswamy Credit Co-op Society case, setting aside assessment orders.
Karnataka High Court held that claims which are not a part of resolution plan stands extinguished, accordingly, no person will be entitled to initiate or continue any proceedings in respect to a claim which is not part of the resolution plan.
Karnataka HC sets aside IT penalty on Cooperative Society due to unexplained genuineness doubts. Case sent back to AO for re-examination of cash deposit transactions.
Though the petitioner has sought for multiple reliefs, it is clear that they have confined their relief for refund of the amount of Rs.2.50 crores collected, while keeping open the other contentions in light of pending adjudication initiated by issuance of show cause notice.
Karnataka High Court grants another opportunity to C.T. Raghu to submit documents after his Tax Audit Report was rejected for unsigned schedules and annexures.
The Karnataka High Court, upholding the ITAT’s order, reiterated that discounts on the issuance of ESOPs are allowable deductions under Section 37(1) of the Income Tax Act, in line with the decision in Biocon Ltd.
Karnataka High Court directs the restoration of GST registration wrongly canceled due to administrative error within 4 weeks, subject to tax filing and payment.
Karnataka HC sets aside Azeem Infinite’s tax assessment as notices were sent to an email created by a former accountant. Case remitted to Section 148A(b) stage.
