In the absence of “reason to believe” recorded by the authorities, revenue authorities had hopelessly failed to bring out to recordthat the goods (here Arecanuts) imported from outside the country was without valid customs clearance.
ITAT Delhi in Feather Infotech Pvt. Ltd. Vs DCIT held that Section 68 is inapplicable to expenditure as same applies to credit in books of account
Explore the Kolkata ITAT ruling on Abhishek Shaw Vs ITO, highlighting lapses in faceless assessment and their impact on effective administration.
Chandigarh ITAT rules on jurisdiction to levy fee u/s 234E on TDS returns, excluding pre-June 2015 period. Details of Batra Exports Vs DCIT case and analysis.
Discover ITAT Mumbais decision in S Sagar Enterprise vs DCIT, allowing refund of excess appeal fees and deletion of penalty under section 271(1)(c) of the Income Tax Act.
Chirag Tejprakash Dangi successfully challenged the Income Tax Office’s (ITO) addition of Rs. 1.51 crore related to sale of alleged penny stocks. Learn why the assessee prevailed.
Bombay High Court affirms ITAT’s deletion of LTCG addition on penny stock in PCIT Vs Ziauddin A Siddique case. Detailed analysis of the judgment provided.
Explore the legal battle between Razorpay Software Pvt. Ltd. and the Union of India, as Karnataka High Court examines the impugned proceedings under PMLA Act.
Analysis of ITAT Pune’s criticism of the Assessing Officer’s hasty penalty imposition at a 200% rate without proper application of mind in the Adinath Vasantrao Wandhekar case
Delhi High Court rules in favor of Oriflame India Pvt Ltd, withdrawing TPO’s proposed income adjustments, applies TNMM over RPM. Details of the case analysis here.
