ITAT Chandigarh directs CIT to grant 12AA registration to Paramount Education Charitable Trust, overturning rejection based on Societies Act registration.
ITAT Mumbai clarifies tax treatment of goodwill from amalgamation, project expenses, future provisions, and Section 14A disallowances for Dosti Realty Ltd.
Gujarat High Court directs GST authorities to permit Screenotex Engineers to amend GSTR-1 for “deemed export” invoices, bypassing time restrictions due to inadvertent error.
Mumbai ITAT allows Vanguard Total International Stock Index Fund to set off STT-paid losses against non-STT gains, citing Calcutta High Court precedent and no hierarchy in Section 70.
Mumbai ITAT allows Emerging Markets Index Fund to set off short-term capital losses against gains with differential tax rates, citing Section 70(2) and judicial precedents.
ITAT Mumbai rules on iShares MSCI EM UCITS ETF’s appeal, allowing set-off of short-term capital losses against gains regardless of differing tax rates or STT payment.
NCLAT Delhi affirms Corporate Debtor’s insolvency, ruling alleged coal quality dispute an afterthought after demand notice lacked timely response.
CESTAT Delhi overturns central excise duty demand and penalties on Surya Wires, ruling that statements recorded under Section 14 cannot be relied upon without following Section 9D’s mandatory procedure.
Appeals by M/s. Combine Trading Co. and Shri Jaspreet Singh dismissed in customs undervaluation case. Investigations revealed mis-declaration and use of parallel invoices.
Delhi High Court defers ruling on GST deadline extension notifications, awaiting Supreme Court’s decision amid conflicting High Court judgments.
