The Orissa High Court has set aside a tax demand order against Sai Sitaram Construction, ruling that it illegally included a GST amount already levied for the same tax period.
CESTAT rules that the 60% abatement on restaurant services must be excluded when calculating the small-scale industry exemption limit, reversing a tax demand.
The Income Tax Appellate Tribunal (ITAT) in Mumbai ruled in favor of Darius Sam Motashaw, deleting an unexplained cash credit addition of Rs. 2.85 lakhs. The court found that the assessing officer failed to investigate the source of funds received from the assessee’s broker via a banking channel, shifting the burden of proof incorrectly.
Even though the purpose for which such buildings were used was one and the same, irrespective of the persons/institutions owned, managed and aided such institutions, the fact that, the manner in which the institution was rendering services made out a crucial distinction
The ITAT Bangalore has quashed a reassessment order, ruling that a tax addition based on documents seized in a third-party search must be made under Section 153C, not 147.
Assessee submitted that these invoices were genuine, shared with Exclusive Motors, and disclosed to investigators. They argued that Bentley had no role in the customs declarations filed in India and could not be blamed for the importer’s omissions.
The Jammu & Kashmir High Court has stayed a tax recovery order against an assessee, directing the matter back to the Commissioner of Income Tax for a fresh review.
NCLAT Delhi dismisses appeal, ruling that an insolvency process withdrawn under a settlement can be revived if the corporate debtor defaults on the agreed-upon terms.
Tribunal directs fresh examination of alleged bogus outward expenses in transport business for AY 2014-15, citing careful analysis by CIT(A).
Chhattisgarh High Court has refused to quash an FIR against a man accused of extorting ₹1.01 lakh via Google Pay, stating that evidence points to his involvement.
