Chennai ITAT allows taxpayer another chance to prove Rs. 18 lakh cost of improvement claim, setting aside ex-parte disallowance by tax authorities.
The ITAT Ahmedabad ruled that interest earned by a cooperative society from Urban Cooperative Banks qualifies for deduction under Section 80P(2)(d) of the Income-tax Act.
Chennai ITAT remands a case involving Rs 6.16 crore in unexplained cash deposits by a cooperative society, allowing a fresh adjudication after non-compliance, with a cost of Rs 5,000.
Delhi High Court dismisses a petition by a Chartered Accountant and a trader to quash a GST show-cause notice, citing serious allegations of fake firms.
Calcutta High Court has dismissed a writ petition filed by Kesoram Industries Limited challenging a reassessment notice and a subsequent assessment order from the Income Tax Department. The court underscored a crucial legal principle: a challenge to the validity of a notice is not maintainable after the assessee has participated in the ensuing proceedings without contemporaneous objection.
ITAT Nagpur dismissed the Income Tax Department’s appeal against a civil contractor for AY 2011-12, citing ‘cryptic and nebulous’ grounds and a tax effect below ₹60 lakhs.
Orissa HC disposes of a writ petition against GST demand, granting Ashraf Petrol Pump liberty to file a fresh representation.
Delhi High Court quashes reassessment notice for AY 2015-16, citing Supreme Court’s Rajeev Bansal judgment and Revenue’s concession on notices issued post-April 2021.
ITAT Kolkata allows Indiano Chrome Pvt Ltd Section 115BAB tax benefit for AY 2023-24, citing prior year compliance and single-time form filing.
Delhi High Court set aside a GST demand against Fair Deal Cars Pvt. Ltd. due to the lack of a pre-consultation notice (DRC-01A), granting the petitioner a fresh hearing opportunity.
