Tribunal directs full TDS credit for K. Venkatesan (HUF) on Rs. 10.5 Cr agricultural land sale. Overturns CPC/CIT(A) denial, citing Section 194IA and Rule 37BA misapplication.
ITAT Jaipur remands Dhapi Devi Samiti’s 12AB exemption case, condoning 250-day delay. Rules RPT Act registration not essential for IT Act exemption.
ITAT Surat rules Section 54F exemption is permissible on a residential property purchase through a possession-based agreement, even without a registered sale deed.
ITAT Ahmedabad deletes Section 56(2)(x)(b) addition for land purchase, citing prior co-owner’s case where FMV difference was within 10% threshold.
Delhi ITAT grants BMW India a stay on tax recovery for AY 2016-17 after the company deposited 20% of the outstanding demand, noting past rulings on AMP expenses.
The Calcutta High Court upheld the ITAT’s decision, ruling that the PCIT’s revisionary powers under Section 263 were arbitrarily exercised as the AO had conducted due verification.
IIM Sirmaur secures tax exemption registration after ITAT Chandigarh rules against denial based on a technical error in application, citing judicial precedents.
Calcutta High Court overturns GST registration cancellation for cryptic order and failure to consider multiple business address amendments. Case remanded for reasoned decision.
Delhi High Court sets aside an Input Tax Credit demand of ₹2.8 crore against Genius Electricals due to natural justice violation, ordering a fresh hearing.
Allahabad High Court stays GST recovery on leasehold right transfers, citing Gujarat High Court precedent that such transactions are not subject to GST.
