ITAT Cochin has sent a Rs. 5.56 crore demonetization cash deposit case back to the CIT(A) for re-adjudication, citing a lack of verification on sales and stock.
Madras High Court invalidates GST Notification No. 56/2023 impacting limitation periods. The court relied on a prior judgment and a Supreme Court order.
The ITAT Delhi ruled that a mechanical approval under Section 153D of the Income Tax Act, granted without proper application of mind for multiple years, makes the entire assessment invalid.
The ITAT Delhi ruled in favor of a taxpayer, stating that cash deposits were sufficiently explained by a positive cash book balance, shifting the burden of proof to the Revenue.
The ITAT Jaipur quashed a penalty under Section 271B for failure to get accounts audited, ruling that if a taxpayer did not maintain books, they cannot be penalized for not auditing them.
The ITAT Delhi has ruled that a new charitable institution is entitled to 12AB and 80G registration, stating that a lack of activities is not a valid reason for denial.
The ITAT Cochin ruled that registration under Section 12A cannot be canceled solely based on issues related to income tax assessments or minor operational details.
Madras High Court ruled that mere possession of proceeds of crime is enough to invoke PMLA. It dismissed a discharge petition, stating the act’s scope is not limited to projecting the money as untainted.
The ITAT Visakhapatnam quashed a revisionary order against the Andhra Pradesh Pollution Control Board, confirming its unutilized surplus is exempt under Section 10(46).
Visakhapatnam ITAT has remanded a tax case to AO after CIT(A) accepted new evidence without following proper procedure under Rule 46A.
