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Judiciary

CGST Section 61 Reply Doesn’t Bar Section 73 Tax Recovery: SC

February 11, 2025 606 Views 0 comment Print

Supreme Court rejects SLP of Goverdhandham Estate against Rajasthan HC’s decision in GST dispute over ITC eligibility on elevators and ACs.

No Foreign Tax Credit Denial for Filing Belated Form 67: ITAT Pune

February 11, 2025 201 Views 0 comment Print

ITAT Pune rules that late filing of Form 67 does not bar foreign tax credit under Section 90. Read about the case of Shashank Sadashiv Karkare vs. ITO.

Non-Consideration of Grounds & Inadequate Hearing: ITAT Remands Case to CIT(A)

February 11, 2025 1524 Views 0 comment Print

ITAT Ahmedabad sets aside CIT(A)’s dismissal of appeal due to non-appearance, directing fresh consideration with a proper hearing for the taxpayer.

₹2.44 Crore Cash Deposit addition: ITAT orders Fresh Adjudication

February 11, 2025 465 Views 0 comment Print

ITAT Bangalore remits the case of Gold Palace Jewellers back to CIT(A) for fresh consideration, citing a 4-year delay and lack of proper hearing opportunities.

ITAT Upholds CIT’s Section 263 Invocation on Genuineness of Receipts & Expenditures

February 11, 2025 333 Views 0 comment Print

ITAT Pune confirms CIT’s order under Section 263, finding errors in reassessment proceedings for Gourishankar Education Society. Appeals for AYs 2013-14 & 2014-15 dismissed.

Section 68 Limited to Current Year Cash Credits: ₹2 Cr Addition Deleted

February 11, 2025 540 Views 0 comment Print

ITAT Mumbai rules in favor of B. Braun Medical India, deleting ₹2 Cr addition u/s 68, citing it as an advance payment, not unexplained credit.

Senior Citizen’s Appeal Dismissed Over Advance Tax Non-Payment Restored to CIT(A) by ITAT

February 11, 2025 468 Views 0 comment Print

ITAT Pune remands appeal for reconsideration, citing leniency for a senior citizen taxpayer’s advance tax shortfall. Case to be decided on merits.

Bogus Purchases Addition: ITAT Remands Case to CIT(A) Over Ex Parte Dismissal

February 11, 2025 189 Views 0 comment Print

ITAT Ahmedabad remands Hari Krushna Machintech Pvt Ltd’s appeals to CIT(A) for reassessment. Issues include ex-parte dismissal and addition for bogus purchases.

HC refused to de-freeze account of company dishonestly inducing investors to invest in cloud particles

February 11, 2025 165 Views 0 comment Print

Punjab and Haryana High Court refused to de-freeze bank account of company alleged to have dishonestly induced individuals/ investors to invest in cloud particles thus involved in scheduled offences under Prevention of Money Laundering Act, 2002.

ITAT Delhi Quashes Search Assessment due to Consolidated Section 153D Approval

February 11, 2025 321 Views 0 comment Print

ITAT Delhi sets aside search assessment in Amit Gupta & Sons HUF case, citing lack of proper approval under Section 153D of the Income Tax Act.

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