Calcutta High Court remands Sudarshan Sarker’s GST appeal, citing an unreasoned ex-parte order and non-compliance with Section 107(12) of the Act.
SC upheld Gujarat HC’s decision to quash reassessment notice issued by Income Tax Department, citing lack of new material & change of opinion
Court rules income from white button mushroom cultivation under controlled conditions qualifies as agricultural income, exempt from tax, emphasizing ‘soil’ as ‘land’ and purpose over strict classification.
The Gujarat High Court invalidated a tax reopening notice against Hemanshu Ramniklal Shah, ruling it was based on a “change of opinion” rather than new material, after the original assessment was already scrutinized.
Karnataka High Court rules Ace Designers’ write-off of foreign subsidiary investment is a business loss, not capital loss, citing commercial expediency.
ITAT Delhi overturns Rs. 74 lakh penalty on Singh Consultancy. Notice ambiguity in Section 271(1)(c) proceedings deemed fatal, reinforcing clarity in tax charges.
The Supreme Court of India dismissed petitions from major telecom companies seeking relief on AGR dues, including interest and penalties, following previous adverse rulings.
SC affirms Karnataka HC ruling on GST Rule 86A, reinforcing need for pre-decisional hearings and independent evidence before blocking Electronic Credit Ledgers.
The assessee is public charitable trust established vide trust deed dated 1st September 2024 with the stated object to build, restore, renovate, and maintain places of worship, historical monuments, pilgrimage sites, and public places of faith and belief.
In response, the respondent bank clarified that such a request would be considered only after the appointment of a curator for the petitioners and that the closure of the savings account would proceed only by following due procedure.
