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Judiciary

ITAT Bangalore Allows Labour and Farm Expenses on Self-Made Vouchers

July 6, 2025 1026 Views 0 comment Print

ITAT Bangalore accepts self-made vouchers for coolie, labor, and farm expenses, deleting disallowances for Carreg Commodities Pvt. Ltd.

ED Search at Tamil Nadu State Marketing Corp Not Harassment: Madras HC

July 5, 2025 1188 Views 0 comment Print

Madras High Court held that search conducted by Directorate of Enforcement at Tamil Nadu State Marketing Corporation Ltd [TASMAC] under the Prevention of Money Laundering Act is lawful and cannot be termed as harassment.

Bogus purchase addition restricted to extent of gross profit rate

July 5, 2025 2265 Views 0 comment Print

ITAT Mumbai held that the addition in respect of bogus purchases is to be limited to the extent of bringing the gross profit rate on such purchases at the same rate as of other genuine purchases. Accordingly, matter restored to file of AO with direction to restrict addition.

Addition based on unjustified profit estimation & Lack of fair hearing vitiates CIT(A) Order

July 5, 2025 849 Views 0 comment Print

ITAT Bangalore remands Sardar Imtiyaz Pasha’s appeal to AO, citing unfair profit estimation and denial of fair hearing by CIT(A). Case sent back for fresh review of cash deposits.

Permission to travel abroad granted to person accused under Money Laundering case

July 5, 2025 1221 Views 0 comment Print

This court is required to draw a balance between the right of the petitioner to travel abroad and also the right of the prosecution to duly prosecute the petitioner so as to prevent him from evading the trial.

Only requirement for filing settlement application is unadjudicated notice u/s. 153A/153C

July 5, 2025 369 Views 0 comment Print

Kerala High Court held that section 245C doesn’t prescribed any prior cut-off date for filing settlement application. Unadjudicated notice u/s. 153A/ 153C as on the date of application is the only requirement.

Retrospective registration u/s. 12A not granted as cogent reason for belated application not provided

July 5, 2025 588 Views 0 comment Print

Telangana High Court held that granting registration under section 12A retrospectively is not permissible as cogent reasons not provided for belated filing of application for registration under section 12A. Accordingly, appeal dismissed.

Addition u/s. 69A based on retracted statement cannot be sustained: ITAT Jaipur

July 5, 2025 684 Views 0 comment Print

ITAT Jaipur held that addition towards unexplained money under section 69A of the Income Tax Act merely on the basis of statement which was subsequently retracted is not sustainable in law. Accordingly, addition is directed to be deleted.

Calcutta HC Orders IGST Refund for Wrong Period Entry

July 5, 2025 516 Views 0 comment Print

Calcutta High Court directs refund of IGST paid by Sanjay Kumar Lohia, ruling a challan’s incorrect tax period entry should not deny a legitimate refund claim.

Under RPM, Focus on Functional Similarity, Not Product Similarity: ITAT Mumbai

July 5, 2025 660 Views 0 comment Print

ITAT Mumbai under Resale Price Method [RPM] focus is more on same or similar nature of products rather than similarity of products. Thus, TPO directed to include 5 companies as comparable for benchmarking international transaction.

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