The High Court held that the application seeking to set aside the auction sale was not legally maintainable. It upheld the DRAT’s decision restoring the Recovery Officer’s order and directed completion of the sale process.
The ITAT Delhi held that an assessment order passed in the name of an amalgamated company that had ceased to exist was void ab initio. The Tribunal relied on settled law that jurisdictional defects involving non-existent entities cannot be cured under the Income Tax Act.
CESTAT Chennai remanded an excise valuation dispute after finding that the CAS-4 certificates required factual verification. The Tribunal also held that the extended limitation period could not be invoked in the absence of clear allegations of suppression.
The Madras High Court allowed reconsideration of an ex parte GST assessment after the assessee explained failure to respond due to a part-time accountant’s lapse. The Court remanded the matter subject to deposit of 25% of the disputed tax.
The Court permitted the assessee to contest denial of input tax credit after allegations of transactions with non-existent suppliers. The matter was remanded for fresh consideration upon payment of 25% of the disputed tax amount.
The Tribunal held that the financial creditor successfully established the existence of financial debt and default through documentary evidence including loan agreements, bank statements, and email acknowledgments.
The Gujarat High Court held that revisional powers under Section 263 cannot be invoked merely because the Commissioner prefers another valuation method. The Court ruled that the Assessing Officer had conducted proper inquiry and adopted a plausible view based on the DVO report.
The ITAT Delhi held that reassessment notices issued after expiry of the surviving limitation period under the amended reassessment regime were invalid. The Tribunal quashed the reopening proceedings and related penalties for both assessment years.
The Tribunal ruled that organising symposiums and providing support services for discussions on tropical diseases cannot be classified as Event Management Services. The order partially allowed the appeal while upholding tax on Scientific Consultancy Services.
The Delhi ITAT held that belated filing of Form No. 67 is only a procedural lapse and cannot extinguish substantive Foreign Tax Credit rights under sections 90/90A/91 and applicable DTAAs. The Tribunal directed verification and grant of FTC where the form was filed before completion of assessment proceedings.
