Bombay High Court rules that interest paid on loans taken to invest in shares of a subsidiary in normal business activities is allowable expenditure under the Income Tax Act.
Kerala High Court rules that there’s no bar for Assessing Authority to issue more than one notice under the Income Tax Act. Detailed judgment analysis here.
CESTAT Chennai dismisses Commissioner of Customs appeal, upholding Suguna Poultry Farm’s refund claim under section 26A of the Customs Act.
Kerala High Court dismisses writ petition challenging clubbing of income of husband’s driving school and wife’s business, directing appeal.
Patna High Court validates Settlement Commission’s decision despite Income Tax Department’s representation. Analysis provided on Rule 9 report and procedure adherence.
Suryshree Blocks Pvt. Ltd. vs DCIT: ITAT Ahmedabad overturns penalty under Sec 271(1)(c) of Income Tax Act due to failure to find any particulars inaccurate. Analysis provided.
Belated filing of appeal due to illness: Madras High Court directs GST Appellate Authority to consider appeal on merits. Detailed analysis of the case provided.
Dive into the case of Variya Prajapati Chovashi Gyati Samsth Vs ITO, where the absence of trustee signatures on the balance sheet is questioned, impacting the genuineness of funds.
Kerala High Court dismisses writ petition challenging assessment order under Section 147 of the IT Act, directing appellant to pursue statutory remedy. Full judgment analysis.
Explore the implications of the Delhi High Court’s ruling on liability and immunity in customs cases, as illustrated in Commissioner of Customs Vs Evergreen Shipping Agency India Pvt. Ltd.
