Delhi ITAT overturns Rs 2.5 Cr capital gain addition for Rekah Devi, ruling no gain when property forfeited by bank and no consideration received.
ITAT Delhi rules against unexplained cash additions in Surender Kumar Jain’s case, citing lack of corroborative evidence and denial of cross-examination rights.
Delhi High Court upholds a ₹285 crore penalty against a GST consultant involved in a large-scale fake Input Tax Credit (ITC) fraud, emphasizing the gravity of such offenses.
Kerala High Court rules WhatsApp service invalid for CGST Act Section 130 confiscation notices, emphasizing mandatory statutory modes for due process.
Bangalore ITAT remands Om Prakash Girgaonkar’s appeal to AO, citing potential double addition on property purchase and unverified cash deposits.
Gujarat HC rules penalty on expired e-way bill for zero-rated export is invalid as no tax is payable, quashing the 200% penalty order under Section 129.
सेठ जगदीश की अधूरी वसीयत संपत्ति, सोना और व्यापार विवाद को जन्म देती है। देखें कि कैसे एक बुद्धिमान परिवार चुनौतियों का सामना करता है, रिश्तों को प्राथमिकता देता है और एकता पाता है।
Key regulatory changes from June 30 – July 6, 2025: Income Tax CII & exemptions, GST rulings, Customs duties & import norms, SEBI’s compliance & market reforms, RBI loan & trading updates.
Uttarakhand High Court rules GST confiscation invalid if solely based on driver’s reply without owner’s hearing, citing Section 130(4) CGST Act violation.
Allahabad High Court rules GST demand order cannot exceed show cause notice amount, violating Section 75(7) CGST Act, setting aside the higher demand.
