Read the detailed analysis of Madras HC’s judgment setting aside GST imposition on vouchers, citing lack of reasoned order.
Tribunal restored the matter of AO’s disallowance, which was deemed inconsistent with Section 115JB by directing assessee’s claim of deduction for computing book profit under Section 115JB required fresh verification in the light of the Chart furnished by assessee, which had been reproduced in the order.
Tribunal allowed a claim of Rs. 49.5 crore in the interest of Principle of Natural Justice after finding that the respective authorities failed to appreciate the amended provision of Section 36(1)(iia) of the Income Tax Act, 1961, resulting in the denial of an additional depreciation claim.
Kerala High Court provides interim relief to taxpayer against recovery proceedings under Income Tax Act. Details of judgment and implications discussed.
Madras High Court sets aside an assessment order, allowing the taxpayer to reply to a show cause notice regarding discrepancies in GSTR 3B and GSTR 2A.
ITAT Mumbai’s decision on Kanti Thermo Equip Pvt Ltd Vs ACIT. Disallowance of expenses against rental income, share of profit, and interest income upheld.
Detailed analysis of Nakoda Unique Gold Private Limited vs. Assistant Commissioner (ST) case where Madras HC sets aside order over GSTR 3B & 2A discrepancies.
Malaysia Metals vs Assistant Commissioner: HC grants petitioner opportunity upon payment of 10% of disputed tax demand for unreceived GST ASMT 10/DRC-01.
Madras High Court overturns tax demand of Rs. 1.4 Cr due to GSTR-1 reporting error, grants opportunity for contestation. Full judgment details here.
In PCIT vs Inderjit Singh Sodhi (HUF), Delhi High Court examines whether interest on compensation is taxable as income from other sources. Read the detailed analysis.
