ITAT Ahmedabad remands a case to the CIT(A) for a third time, citing a failure to follow binding directions in a dispute over a bogus purchase.
The Ahmedabad ITAT has quashed a revision order, ruling that no revision is possible when the underlying reassessment order was invalid due to improper sanction.
The Ahmedabad ITAT has deleted additions for unexplained investments and partners’ capital, ruling that the firm had provided sufficient proof of the partners’ creditworthiness.
ITAT Mumbai has set aside a CIT(A) order for deciding an unrelated issue, and has restored the appeal for a fresh adjudication based on the original grounds.
The Mumbai ITAT has remanded a tax case, ruling that the AO was duty-bound to refer a valuation dispute to a DVO under Section 50C(2).
The Bombay High Court rules that for Section 32AB deductions, profit must be based on the Profit & Loss Account finalized under the Companies Act, not on adjusted figures.
ITAT Chennai grants Foreign Tax Credit to Lakshmi Sundararajan, ruling that the delayed filing of Form 67 is not a mandatory reason for disallowance.
The Supreme Court of India has restored Godway Funicrafts’ review application, directing the Andhra Pradesh High Court to reconsider the 100% penalty imposed under the CGST Act.
Azam Laminators Private Limited Vs Additional Director (Madras High Court) 5% GST on Nizam Pakku – Issuance of SCN and disputing position settled by SC and Binding AAAR Ruling tantamount to clear abuse of Law: Madras High Court The Madras High Court has struck down a Show Cause Notice (SCN) issued to M/s Azam Laminators […]
The ITAT Mumbai upholds deductions for Jyothy Labs, ruling that once allowed, they can’t be denied later. The court also addressed issues on interest allocation and capital gains.
