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CCI Dismisses Complaint Against J&K Bank Over Anti-Competitive Allegations

May 7, 2025 516 Views 0 comment Print

CCI dismisses complaint against J&K Bank over alleged anti-competitive agreements and tie-in services, finding no prima facie violation of competition law.

CCI Closes Cartel Case Against Railway Suppliers for Lack of Evidence

May 7, 2025 684 Views 0 comment Print

CCI finds no evidence of cartelisation or bid rigging by two firms in supplying Motor Suspension Units to Indian Railways after examining tender data. Case closed.

Tax Victory: M&M’s Subsidiary Bailout Expenses Gets Green Light from Bombay HC

May 7, 2025 630 Views 0 comment Print

High Court allows Mahindra & Mahindra’s appeal for AY 1990-91, permitting business loss write-off and limiting AO power on MAT book profit scrutiny.

Allahabad HC Quashes GST Order passed Beyond Three-Year Limit

May 6, 2025 1566 Views 0 comment Print

Allahabad HC quashes GST assessment order against Anita Traders as it was passed beyond the statutory three-year limit under UP GST Act.

Agricultural Income & Bank Proof: ITAT Deletes Unexplained Cash Addition

May 6, 2025 1023 Views 0 comment Print

ITAT Surat permits Asifiqbal Ismail Jangda’s appeal, removing a ₹3.45 lakh unexplained cash addition. Agricultural income and bank withdrawal proof cited.

Depreciation Disallowed: ITAT Restores ₹26.84 Lakh Addition for Verification

May 6, 2025 498 Views 0 comment Print

ITAT Ahmedabad restores ₹26.84 lakh depreciation disallowance for IIIT Society, directs AO to verify if asset cost was claimed as application of income.

GST Fraud: Allahabad HC Grants Bail in ₹31.18 Crore Fake ITC Scam

May 6, 2025 864 Views 0 comment Print

Allahabad HC grants bail to Shivam Goyal in ₹31.18 crore fake ITC scam case, citing completed probe, charge-sheet, and co-accused’s bail.

Exclude Appeal Duration Before Wrong Forum from Limitation Period: Allahabad HC

May 6, 2025 615 Views 0 comment Print

CESTAT Delhi rules that time spent pursuing an appeal before the wrong forum, based on official guidance, can be excluded from limitation.

ITAT Orders Fresh Review of ₹15.88 Lakh Section 69A Unexplained Income

May 6, 2025 681 Views 0 comment Print

ITAT Ahmedabad restores ₹15.88 lakh reassessment addition, directs AO to re-verify cash deposits after considering evidence overlooked by lower authorities.

Allahabad HC Directs Dept to Review Contractor’s GST Claim on Defect Period

May 6, 2025 645 Views 0 comment Print

Allahabad High Court directs UP Public Works Department to decide contractor’s plea for GST payment covering the defect liability period of a contract.

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