Bangalore ITAT overturns Rs. 31.79 lakh addition for unexplained cash deposits, citing assessee’s sufficient sources and AO’s calculation errors.
Supreme Court of India clarified the definition of Adjusted Gross Revenue (AGR) and the associated dues owed by telecom service providers (TSPs) to the Union of India.
Karnataka High Court emphasizes natural justice, requiring pre-decisional hearing before blocking Electronic Credit Ledger (ECL) under Rule 86A of CGST Rules, citing numerous precedents.
Income Tax Appellate Tribunal deletes addition of Rs. 16.04 lakhs, ruling CPC lacked jurisdiction for adjustment under Section 143(1) of the Income Tax Act.
Income Tax Tribunal rules on Rs. 23.33 lakh addition, clarifying Section 56(2)(vii)(b)(ii) for land held as stock-in-trade versus personal asset.
An assessee’s appeal against a ₹36.34 lakh cash deposit addition was dismissed by NFAC, New Delhi, due to a procedural error. The challenge targeted a rectification order, not the original assessment.
Mumbai ITAT dismisses Revenue appeal, affirming CIT(A)’s decision to delete ₹37.84 Cr bogus purchase addition for a bulk drug manufacturer, citing sufficient evidence.
Supreme Court examines Sulthan Said Ibrahim’s appeal against impleadment and tenancy claims, as specific performance decree faces persistent delays in execution.
Karnataka High Court ruled that blocking an Electronic Credit Ledger (ECrL) requires a pre-decisional hearing, emphasizing natural justice principles and objective reasons.
Karnataka High Court held that assumption of jurisdiction under section 147 of the Income Tax Act untenable since mandatory requirement of section 149(1)(b) of the Income Tax Act not complied. Accordingly, writ petition allowed and notice u/s. 148 quashed.
