ITAT Bangalore has ruled that reassessment proceedings initiated against a deceased individual are void. The tribunal stated that updating the tax portal is sufficient notice.
The Supreme Court rules that services provided to foreign entities, with payment in foreign currency, qualify as exports and are not liable for service tax.
Madhya Pradesh High Court held that E-way bill is a statutory document for transportation of the goods and without generation of Part B, the E-way bill is not valid. Accordingly, order passed by authority just and proper.
ITAT Pune held that interest income on enhanced compensation is contingent and hence not taxable under section 56(2)(viii) of the Income Tax Act. Accordingly, appeal of assessee allowed and order set aside.
ITAT Mumbai held that addition towards unexplained stock cannot be sustained merely relying on the statement without any corroborative evidence. Accordingly, addition set aside and appeal allowed.
ITAT Bangalore has set aside an ex-parte order from the CIT(A) after finding that hearing notices were sent to the wrong email address, denying the taxpayer a fair hearing.
ITAT Bangalore rules that a revised Foreign Tax Credit claim cannot be denied merely due to the late filing of Form 67, upholding the principle of avoiding double taxation.
Delhi High Court held that detention of gold/jewellery is held to be impermissible since show cause notice has not been issued post detention. Accordingly, petition disposed of and detained jewellery directed to be released.
ITAT Surat held that reopening of assessment under section 148 of the Income Tax Act without tangible material tantamount to change of opinion on the existing facts and the same is impermissible in law. Accordingly, appeal allowed and reopening quashed.
NCLAT Delhi held that dismissal of section 9 application under the Insolvency and Bankruptcy Code upheld a case of pre-existing dispute arises out of termination of contract. Accordingly, appeal rejected and order of adjudicating authority upheld.
