Assessee submitted that these invoices were genuine, shared with Exclusive Motors, and disclosed to investigators. They argued that Bentley had no role in the customs declarations filed in India and could not be blamed for the importer’s omissions.
The Jammu & Kashmir High Court has stayed a tax recovery order against an assessee, directing the matter back to the Commissioner of Income Tax for a fresh review.
NCLAT Delhi dismisses appeal, ruling that an insolvency process withdrawn under a settlement can be revived if the corporate debtor defaults on the agreed-upon terms.
Tribunal directs fresh examination of alleged bogus outward expenses in transport business for AY 2014-15, citing careful analysis by CIT(A).
Chhattisgarh High Court has refused to quash an FIR against a man accused of extorting ₹1.01 lakh via Google Pay, stating that evidence points to his involvement.
The Delhi High Court has directed customs authorities to release five iPhones seized from a traveler after no show cause notice or order was issued for over a year.
The Income Tax Appellate Tribunal (ITAT) Kolkata dismisses the revenue appeal against Uniglobal Papers Pvt. Ltd affirming that additions to a completed assessment cannot be made without incriminating evidence found during a search. The decision relies on the Supreme Court precedent in CIT v. Abhiser Buildwell (P) Ltd.
The ITAT Mumbai has ruled that a reassessment notice issued beyond three years is invalid if it is not sanctioned by the correct senior authority, quashing the proceedings.
The Income Tax Appellate Tribunal (ITAT) in Mumbai dismissed an appeal by the Income Tax Department against an assessee, upholding the deletion of an addition of over Rs. 4.24 crore.
The ITAT in Rajkot reduced a penalty against a taxpayer from ₹30,000 to ₹10,000, ruling that a single penalty should be levied for multiple non-compliances that occurred during the same proceedings.
