Explore the implications of jurisdictional issues in tax assessment with the case of YKM Holdings Pvt. Ltd. vs ACIT, assessing the validity of section 143(3) assessments without proper notices under section 143(2).
Kerala High Court mandates uniform bail conditions for accused in a money laundering case. No prior sanction needed for travel abroad. Full text judgment included.
Read detailed analysis as Kolkata ITAT removes unexplained cash credit addition in Sharda Ferro Works Pvt. Ltd. Vs DCIT case. Share capital scrutiny under section 68.
Madras High Court directs 10% pre-deposit in GST proceedings due to notices uploaded in additional tab, not communicated to petitioner. Full text of judgment/order included.
CESTAT Chennai rules re-determination of UAE car value using Australian prices invalid without contemporary imports. Full text of the CESTAT Chennai order.
Despite the possibility of a previous copy being served, the court upheld the petitioner’s right to access the necessary documents by mandating the provision of a certified copy.
Bombay High Court ruling establishes lender bank’s priority over Deputy Commissioner of Sales Tax (GST) in SARFAESI Act enforcement, securing marketable title. Read the judgment.
Detailed analysis of the appeal against a penalty imposed under Section 271B of the Income Tax Act by the ITAT Delhi in the case of Sanjeev Kumar Goyal vs ITO, including the reasons for the penalty dismissal.
In the Satishbhai Kadvabhai Sarvaiya Vs ITO case, ITAT Rajkot rules that during demonetization, deposits don’t warrant addition under U/s 69A if adequately explained.
ITAT Chennai observed that differences in valuation opinions are common, and the assessee’s claim based on an approved valuer’s report cannot be deemed as concealment of income. Citing precedents from the Madras High Court and the Supreme Court, the ITAT ruled that an incorrect claim in law does not constitute furnishing inaccurate particulars.
