Orissa High Court reduces pre-deposit for stay of tax demand to 10% after government notification, granting relief to the petitioner in the appeal.
ITAT Chandigarh rules against penalty on estimated income in AKM Resorts vs ACIT, reinforcing that additions based on estimation don’t imply income concealment.
NCLAT Delhi held that Liquidator is jurisdictionally empowered to proceed with private sale of Corporate Debtor by adopting Swiss Challenge Mechanism. Thus, adjudicating authority didn’t commit any error in allowing application filed by Liquidator.
Delhi HC directs Customs to pay current market value of seized gold, disposed of without informing the owner, plus costs for delay.
Supreme Court reaffirms that charitable trust registration under Section 12AA of the Income Tax Act should be based on proposed activities, not actual activities at the time of application.
Calcutta High Court rules on GST appeal delay, allowing condonation beyond 120 days. Legal precedent and Limitation Act invoked. Read full case analysis.
ITAT Pune dismisses Indrayani Seva Samiti’s appeal due to an unexplained 8-year delay, citing lack of sufficient cause and upholding CIT(A)’s order.
ITAT Bangalore held that addition under section 69A towards cash deposits during demonetization deleted since cash deposit was made out of earlier withdrawals. Accordingly, appeal allowed and addition deleted.
ITAT Mumbai held that passing of assessment order u/s 147 r.w.s. 144B of the Act without disposing the objections raised by the assessee is not sustainable being without jurisdiction. Accordingly, reassessment notice u/s. 148 set aside.
Delhi HC dismisses revenue’s appeal, affirming that cash sales during demonetization, accounted for and taxed, cannot be treated as unexplained income u/s 68.
