ITAT Delhi held that the law is very well settled that there cannot be any levy of penalty on an estimated addition on ad hoc disallowances of expenses. Accordingly, penalty proceedings initiated under section 271(1)(c) of the Income Tax Act quashed.
CESTAT Kolkata held that valid specific license required for import of old and used worn clothing articles. Accordingly, redemption fine @10% and penalty @5% imposed for failure to comply with licensing requirement.
Madras HC dismissed M. S. Mohamed Siddique’s writ petition, upholding tax assessment without personal hearing due to failure to request one.
Gauhati High Court rules that payment of demand under Section 129(3) does not restrict the right to appeal. Court addresses portal issues affecting appeal filing.
Kerala HC dismisses writ petition challenging Section 74 CGST Act invocation for alleged willful suppression of sales and tax evasion.
The ITAT Indore accepts peak credit theory in Kamal Chand Sisodiya Vs ITO, stating past savings can explain cash deposits, limiting unexplained income.
Delhi HC sets aside GST registration cancellation due to vague show cause notice lacking specific reasons. The court emphasizes natural justice principles.
Bombay High Court quashes provisional attachment order due to lack of written reasons, remanding the case for proper documentation.
ITAT Ahmedabad rules on GMW Pvt Ltd’s appeal regarding ESI and PF contribution disallowance. The court upheld previous assessments, dismissing the appeal.
Delhi High Court dismisses the petition challenging statutory bail granted to Adesh Jain in a ₹200 crore fake GST invoice case. Legal provisions under Section 167(2) upheld.
