Madras High Court upholds ITAT order quashing reassessment proceedings, ruling that an assessment cannot be reopened for a change of opinion on facts already examined.
ITAT Delhi quashes assessments under Section 153A due to “mechanical” Section 153D approval by the Additional CIT. The tribunal emphasized that this approval is a mandatory safeguard, not a mere formality, and its lack of application of mind renders assessments void.
Agra ITAT directs the AO to tax a private family trust at normal rates, not the MMR, after finding the trust’s incorrect tax form was a bona fide error.
Delhi ITAT reduces a Rs.3.50 Cr bogus creditor addition to Rs.45 lakh, ruling that purchases were genuine despite suspicious cash payments to unverified parties.
Delhi ITAT sets aside a reassessment order against Jaivir, ruling that the AO’s use of a repealed section (147(a)) shows a lack of application of mind, rendering the notice
The ITAT Delhi has ruled that PCIT’s Section 263 revision orders against Ambience Developers were invalid. The Tribunal found the AO’s assessment orders were neither erroneous nor prejudicial to revenue, citing consistency and proper inquiry.
Delhi ITAT rules in favor of Humana People to People India, confirming its microfinance activities are charitable and eligible for tax exemptions.
Delhi ITAT rules in favor of Sai Man Education Society, deleting a Rs.26 lakh tax addition on a corpus donation and clarifying the application of Section 115BBE.
CESTAT Chennai held that claiming an exemption or a certain classification on a bill of entry is not mis-declaration or suppression of facts. Accordingly, demand for duty for the extended period or imposition of fine and penalty, for misdeclaration or suppression of fact not sustained.
Madras High Court held that ITC in respect of delayed GSTR-3B allowed provided GSTR-3B is filed on or before 30.11.2021. accordingly, claim of ITC barred by limitation in terms of section 16(4) of CGST Act but within period prescribed in terms of section 16(5) is allowed.
