Madras HC dismisses M.K.N. Coconut Industries’ plea against GST assessment due to limitation period. Directs consideration for installment payments
SC sets aside NCDRC order in Kranti Associates case, citing lack of reasoning. Remands to State Commission for fresh decision on consumer dispute.
Bombay High Court held that amalgamated company not having obtained approval of Central Government is entitled to adjust the Written Down Value [WDV] of the assets of amalgamating companies and claim depreciation on such adjusted written down value.
Delhi High Court held that reasonable payment for services rendered to persons specified u/s. 13(3) of the Income Tax Act by the trust is justifiable and such payment wouldn’t fall within the exception of section 13(1)(c) of the Income Tax Act.
ITAT Ahmedabad held that revisionary proceedings under section 263 of the Income Tax Act is not sustainable in law since Assessing Officer examined the aspect of disallowance of bogus losses on sale of steel scrap and took plausible view.
ITAT Nagpur rules Deendayal Seva Pratishthan eligible for tax exemption; late verification of Form 10B due to technical issues not fatal.
ITAT Pune recalls ex-parte order due to the ill health of the 88-year-old appellant, allowing a fresh hearing of the appeal.
ITAT Pune rules no penalty under section 271(1)(c) when a debatable legal issue exists, in the case of DCIT vs. Vinod Ramchandra Jadhav.
Karnataka High Court rules that Section 50 of the Income Tax Act is not applicable without an actual depreciation claim, even if the asset is depreciable.
The said order was challenged before the appellate authority. By order dated 25.11.2024, the appeal was allowed and was remanded back for fresh consideration on noticing that the order impugned therein was passed ex-parte.
