ITAT Panaji held that, in order to verify violation provisions of section 18(1) of the Karnataka Cooperative Societies (Amendment)Act 2014, AO is directed to verify list of all members of society and examine whether associate members exceeds 15% of total membership or not.
NCLT Delhi allowed liquidation of V.S. Matrix Pvt. Ltd. after CIRP expiry under Section 33(1)(a) of IBC. Resolution Professional’s extension application was dismissed.
Delay in appeal filing condoned due to portal issues & festivals. ITAT remands contract work JV’s case for fresh examination of books and income estimation.
The Rajasthan High Court in Krishan Gopal Gupta vs PCIT has ruled that a notice under Section 148 of the Income Tax Act is invalid if issued by a Jurisdictional Assessing Officer, reaffirming its earlier judgments on the matter.
Rajasthan High Court held CBIC Circular limiting GST refund claims post 18.07.2022 as arbitrary and violative of Article 14, upholding refund rights under Section 54.
The Income Tax Appellate Tribunal (ITAT) Ranchi, partially allowed the appeal of Shiv Prasad Ram a retired SAIL employee restoring his ex parte tax assessment case to the Assessing Officer for readjudication and giving him an opportunity to be heard.
CAAR clarified classification of Coral Bottom Nodes, Picket Hydroacoustic Complex, Bolt Airguns, and BigShot Controllers, with separate treatment for parts and spares.
ITAT Delhi sets aside a CIT(A) order for being “non-speaking,” remanding the case for a fresh hearing and a reasoned decision after giving the assessee a fair chance to present evidence.
Learn about the ITAT Mumbai ruling on ABM Knowledgeware Ltd. vs. Assessing Officer regarding CSR expenditure deductibility under Section 80G and the powers of revision under Section 263.
Tribunal upholds turnover suppression in food delivery business, capping profit at 8% u/s 44AD based on survey findings and cook’s statement, overriding later-filed books.
