Expired bank guarantee couldn’t be enforced post CIRP (corporate insolvency resolution process) as no claim was lodged by authority during the validity period of the guarantee.
Assessee-company was traded in electric security equipment systems and filed its income return declaring NIL income after setting off unabsorbed depreciation.
Demand order of GST ( Goods and Services Tax ) was quashed on failure by the authorities to properly consider over 200 pages of supporting documents and the reply submitted by the taxpayer.
Writ petition filed by assessee challenging a GST ( Goods and Services Tax ) order on alleged wrongful availment of Input Tax Credit ( ITC ) was rejected holding that the dispute did not fall under Section 16(4) and that the proper remedy lay in filing an appeal.
The Competition Commission of India dismisses a complaint against AVEVA Group, citing insufficient evidence of market dominance in the industrial software sector.
The Supreme Court of India addresses judicial delays in the Ravindra Pratap Shahi case, mandating new guidelines for High Courts to ensure timely pronouncement of judgments.
ITAT Chennai deletes a ₹832 Cr tax addition on share purchases, ruling that statutory valuation rules under Rule 11UA take precedence over third-party pricing.
The ITAT Chennai has quashed reassessment proceedings against Ashok Leyland Ltd., ruling the AO’s action was based on a change of opinion and not a failure by the assessee to disclose material facts.
The ITAT Chennai has canceled a penalty against Anna University’s Institute for Ocean Management after the underlying tax addition was deleted by the CIT(A).
ITAT Chennai dismisses the Revenue’s appeal, upholding a temple’s claim for tax exemption under Section 11 despite a delayed registration and return filing for AY 2017-18.
