The ITAT has set aside a penalty order against a taxpayer, Murmu Pankaj Kumar, ruling it was premature as the core quantum appeal was still pending before the CIT(A).
ITAT Cuttack rules income estimation invalid if books of account are not formally rejected under Section 145, deleting estimated income for Sat Inder Constructions.
In the case of Paresh Manubhai Desai vs. ITO, the ITAT Mumbai has ruled that long-term capital gains exemption is applicable on the sale of inherited shares, setting aside a short-term capital gains tax.
The Chhattisgarh High Court has granted GTL Infrastructure a stay on a tax demand, allowing it to wait for the Goods and Service Tax Tribunal to become functional to file its statutory appeal.
The Bombay High Court has quashed a GST registration cancellation order against Manek Steel LLP, citing a lack of natural justice due to the non-disclosure of grounds.
The Delhi High Court has set aside the provisional attachment of bank accounts belonging to Benito Operations & Technologies Pvt. Ltd., as the principal firm filed an appeal with a mandatory pre-deposit.
ITAT Kolkata held that huge delay of 388 days on the reason that delay occurred due to death of its Chartered Accountant is not cogent and not acceptable. Thus, condonation denied since sufficient reason to condone delay not explained.
The Karnataka High Court has dismissed an appeal from the Chilume Social Service Society, upholding the dismissal of its tax case due to an unexplained seven-year delay in filing the appeal.
The Delhi ITAT has quashed a penalty under Section 271(1)(c), ruling that an “omnibus” no-tice that failed to specify the charge against the taxpayer was invalid and showed non-application of mind.
The ITAT Delhi upheld the deletion of a ₹39.83 crore addition to Santosh Trust, ruling that its cash deposits during demonetization were explained by regular fee collections
