Rajasthan High Court grants bail to Amit Singhal in a GST input tax credit fraud case, citing magistrate trial, undetermined liability, and prolonged custody.
Delhi ITAT rules bank passbooks are not books of account for Section 68 additions, quashing unexplained cash credit claims without assessee’s formal books.
CESTAT Allahabad rules customs brokers are not liable for verifying the correctness of importer documents, overturning penalties against HIM Logistics Pvt. Ltd.
Himachal Pradesh High Court orders State to reimburse Sylvan Greens Pvt. Ltd. ₹1.66 crore SGST incentive by July 31, 2025, with 6% interest on delays.
Chhattisgarh High Court sets aside PMLA cognizance order against Arun Pati Tripathi, citing denial of hearing opportunity before cognizance.
ITAT Delhi allows real estate developer Sourya Towers to claim ₹64.72 Cr loss on an abandoned Amritsar project as a revenue deduction, overturning a disallowance.
Assessee was implicated in a gold smuggling case after Avijit Sarkar was caught at Kolkata Airport by Customs officials. Acting on intelligence about ground staff involvement, officers recovered four gold bars weighing 3,000 grams and worth Rs. 82.5 lakh from Sarkar’s shoes.
ITAT Delhi deletes Rs. 14 lakh tax addition for Aquakiosk India, citing invalid reassessment notice and proven investment source from mutual fund switch-outs.
Patna High Court held that High Courts should not entertain application under Article 226 of the Constitution, if there is an effective remedy available to the aggrieved persons under the provisions of the SARFAESI Act. Accordingly, writ held as not maintainable.
The ITAT Delhi ruled on ACIT vs. B.K. Sales Corporation, emphasizing that Assessing Officers must adhere to limited scrutiny parameters, disallowing additions outside the scope.
