NCLAT Delhi held that limitation period u/s. 61(2) of the Insolvency and Bankruptcy Code commences from date of order and not dependent on knowledge of order to ED. Further, once prescribed and condonable periods expires, NCLAT has no jurisdiction to entertain appeal.
ITAT Pune rules unregistered trusts are taxed only on net income, not gross, even with ITR filing errors, emphasizing substantive justice.
ITAT Mumbai held that no addition can be made on the ground that notices issued u/s 133(6) of the Act were not replied. Accordingly, deletion of addition by CIT(A) is justified and appeal of department quashed to that extent.
Meghalaya High Court directs tax authorities to accept a manually filed revised IT return from Shyam Century Ferrous Ltd. for a mistake, citing a Delhi HC precedent.
Madhya Pradesh High Court sets aside GST demand, finding show cause notice uploaded under Additional Notices insufficient, violating natural justice, citing Madras and Delhi High Court precedents.
Calcutta High Court restores reassessment for bogus LTCG, finding ITAT erred by ignoring AO’s evidence and satisfaction in a penny stock scam, citing Supreme Court precedents.
Gujarat High Court rejects bail for a woman accused in a Rs. 14 lakh cyber fraud, citing impersonation as IT/Customs officials, use of forged documents, and concerns about absconding due to foreign passports.
ITAT Pune remands case regarding set-off of brought-forward business losses against deemed short-term capital gains from depreciable assets, citing judicial precedents and scope of Section 143(1).
Delhi High Court sets aside tax action against Rajat Sharma’s Independent News Service Pvt. Ltd. over alleged unaccounted foreign remittances for AY 2017-18.
Kerala High Court rules Occupancy Certificate isn’t the sole basis for building tax. Authorities can re-measure plinth area for luxury tax under Kerala Building Tax Act.
