SC clarifies scope of Section 143A of NI Act, holding interim compensation as discretionary, not mandatory, in cheque bounce cases. Appeal partly allowed.
CESTAT Allahabad remands appeal in Krishna Road Carrier case, ruling that pre-deposit via DRC-03 before 28.10.22 is valid under new CBIC clarifications.
ACIT vs Prashant Prakash Nilawar case where ITAT Mumbai dismissed Rs. 17 Cr addition based on WhatsApp messages without concrete evidence. Understand judicial precedents cited.
Mere exchange of draft MoUs or discussions on WhatsApp does not amount to a binding contract, especially when a formal agreement remains unsigned.
Andhra Pradesh High Court rules that GST assessment orders without a DIN or signature are invalid, following past judgments and CBIC guidelines.
The Supreme Court ruled that insolvency moratorium under IBC shields corporate directors from Section 138 NI Act cases, quashing proceedings against Vishnoo Mittal.
Karnataka High Court rules that payments to Fugro for geological surveys do not qualify as fees for technical services under DTAA in CIT vs. De Beers India case.
ITAT Ahmedabad dismisses ITO’s appeal against Sun Gold Capital Ltd due to low tax effect under CBDT Circular 09/2024. Key issues include Section 148 and cash credits.
Analysis of ITAT Ahmedabad’s ruling in Rakesh Saxena Vs PCIT. The tribunal upheld the revision order, treating VRS benefits as taxable salary. Read the case summary.
Madras High Court quashes assessment order citing lack of proper notice and violation of natural justice for a non-resident taxpayer.
