The Delhi High Court has directed tax authorities to refund ₹28.84 lakh to the legal heir of a deceased proprietor, ruling that an appellate authority’s order must be complied with unless stayed by a superior court.
While so, the 2nd respondent sent a communication to the petitioner dated 14.05.2020 stating that relief under Section 90 of the Act i.e. Foreign tax credit was not considered, for the reason that Form 67 was not submitted along with income tax return.
ITAT Pune held that addition towards bogus purchases adopting profit rate of 5% is justifiable since suppliers neither responded to notices issued u/s. 133(6) nor appeared before AO in response to summons issued u/s. 131.
ITAT Pune held that provisions of section 43CA of the Income Tax Act doesn’t apply when the market value (Govt. value) is more than the agreed value as on the date of booking and market value has gone up during long gap between the date of booking and the date of sale.
ITAT Mumbai held that increasing book profits under section 115JB of the Income Tax Act on account of disallowance u/s. 14A read with rule 8D is not justifiable. Accordingly, appeal of the assessee allowed.
ITAT Mumbai remitted matter of taxability of industrial promotion subsidy back to CIT(A) for de novo meritorious adjudication as details and documents demanded thereon were not furnished by the assessee.
The Calcutta High Court dismissed a revision application by the state against a GST appellate order, ruling that the authorities cannot expand the scope of the original show-cause notice.
The ITAT Amritsar bench remanded a tax appeal to the CIT(A), directing the authority to reconsider condoning a 257-day delay after the assessee was not given a proper hearing.
WBAAR rules PVC raincoats classified under HSN 392620 as apparel, taxable at 9% CGST + 9% SGST under Schedule III of GST Notification 1/2017.
Discover the West Bengal AAR’s ruling on GST rates for hotel meal plans and restaurant services, clarifying composite supply and the definition of ‘specified premises.
