High Court quashes GST ITC blocking and bank account attachment, citing lack of pre-decisional hearing, insufficient reasons, and non-compliance with Section 83 and Rule 86A.
ITAT Agra rules LLP’s decision to audit accounts qualifies for extended IT return due date, enabling business loss carry forward despite initial denial by CPC.
Gujarat High Court held that reopening of assessment under section 148 of the Income Tax Act is liable to be quashed in as much as source of funds for purchasing crypto currency duly explained. Accordingly, order quashed.
ITAT Mumbai held that addition under section 69A of the Income Tax Act towards cash deposited in the bank account during demonetization period deleted since source of cash deposit duly explained.
Supreme Court dismisses a review petition, affirming its October 3, 2024 judgment. Citing no apparent error, the court condoned delays and waived minor registry defects.
A co-operative bank’s claim for bad and doubtful debt provision under Section 36(1)(viia) has been upheld, dismissing the Revenue’s appeal. Judicial precedents played a key role.
A cooperative society’s appeal for Section 80P deduction on interest from cooperative banks is allowed, citing judicial precedents from the ITAT.
Patna High Court directs GST authorities to allow rectification of GSTR-3B return to align with GSTR-1, citing inadvertent clerical error and judicial precedents.
Chhattisgarh High Court rules writ petition not entertainable without exhausting statutory appeal under CGST Act Section 107.
Madras High Court held that circular dated 21.12.2023 allowing creditor to recommend a Resolution Professional for appointment is neither ultra vires nor violative of provisions of the Insolvency and Bankruptcy Code [IBC]. Accordingly, writ petition dismissed.
