Madras High Court held that commercial tax officer cannot be penalized merely on the ground that the collection target was not reached by him. Accordingly, order imposing penalty is liable to be set aside.
ITAT Delhi dismissed an appeal from a gaushala society, upholding the denial of its income tax exemption due to the lack of mandatory registration under Section 12AA.
Mumbai ITAT rules that an addition under Section 43CA cannot be sustained without a reference to the Departmental Valuation Officer (DVO), especially when the taxpayer specifically requests it. This case highlights the importance of fair valuation in property transactions.
Madras High Court held that order imposing penalty u/s. 122(1)(vii) is set aside and remitted back with a condition to deposit 25% of disputed tax via Electronic Cash Register since petitioner failed to appear.
Madras High Court sets aside GST order, directs tax department to issue circular advising assessees to engage qualified consultants; bank account de-frozen.
Chhattisgarh High Court rules cash-in-hand from a preceding year’s balance sheet cannot be taxed as unexplained money under Section 69A in a subsequent year.
Sikkim High Court held that order of Assistant Commissioner (GST) denying budgetary support claim is liable to be quashed and set aside. Accordingly, writ petition stands disposed of.
The ITAT Delhi quashed the reopening of an assessment for Rudra Buildwell Homes Pvt. Ltd., citing a lack of proper sanction. It also deleted a Rs. 20.25 crore addition, noting it constituted a double taxation.
The ITAT Delhi has ruled that an entire amount of accommodation entries cannot be taxed. It reduced the commission rate to 0.4% in the case of a taxpayer.
ITAT Mumbai rules that 100% disallowance of alleged bogus purchases is unsustainable. The court directs taxing only the profit element after adjustments.
