Delhi ITAT voids search assessments for Kumar Nayyar, citing mechanical Section 153D approval. Orders lacked judicious application of mind for each assessment year.
Madras High Court permits taxpayer to appeal a 200% GST penalty for e-way bill expiry, citing Supreme Court precedent and mitigating circumstances, waiving limitation period.
The Supreme Court of India dismissed ACIT’s Special Leave Petition against Nehal Ashit Shah, upholding an earlier concession made by the tax department.
Madras High Court allows Lucky Traders to appeal a 2021 tax order, citing a government notification extending appeal deadlines for specific cases.
Bombay High Court condones delay in Form-10 filing for a charitable trust, citing pandemic impact, past compliance, and no mala fide intent.
ITAT Mumbai quashes reassessment orders against Soham Estates for AY 2012-13, 2013-14, 2014-15, citing jurisdictional flaws by tax authorities.
Bombay High Court directs firm to pursue tax assessment remedies, declining to quash search notices over factual disputes
In our view, the Assessing Officer grossly erred in doing so. The Assessing Officer ignored the fact that the said amount was not debt payable by the Assessee but the same was debt receivable by it. Therefore, the amount did not represent liability of the Assessee but in fact was its asset.
Kolkata ITAT ruled the ITO lacked jurisdiction to reassess OSL Developers’ income after its case was transferred to another authority, nullifying the reassessment order.
There is no cavil that an addition can made on the basis of documents, which are found during the course of Search and Seizure operations if on appreciation, it is found that the said documents have a bearing on the income of the Assessee.
