Exploring the Madras High Court’s decision on Jinsasan Distributors vs. CT regarding input tax credit reversal after seller registration cancellation.
In the case of Rajesh Lakhmshi Nisar Vs ITO, Mumbai ITAT admitted additional evidence, emphasizing taxpayers shouldn’t be penalized for not submitting material evidence.
Delve into ITAT Delhi’s verdict on ACIT vs Noida Cyber Park Pvt. Ltd., emphasizing the need for fair market value assessment in Section 40A(2)(a) disallowances and rejecting arbitrary ad hoc deductions.
In the case of DCIT Vs Aarya Developers, ITAT Ahmedabad rules on the addition of on-money in the sale of house property, emphasizing the need for proper evidence and expert valuation.
K.H. Leather Industries Private Limited v. Commissioner of GST and Central Excise: Analysis of CESTAT Chennai’s decision on duty exemption for goods not received.
Delhi High Court sets aside GST registration cancellation for Maa Jhandewali Traders, allowing a detailed response to the show cause notice
ITAT Delhi deletes addition under section 69A of Income Tax Act in Viren Bakhru vs. ACIT case. Assessee’s explanation of cash deposit during demonetization accepted.
Gujarat High Court rules in favor of taxpayer in PCIT-1 vs Parasben Kochar, dismissing appeal on LTCG tax exemption under Section 10(38).
In the case of Shiv Kumar Nayyar vs. DCIT, the Delhi ITAT nullified an addition of cash investment, citing lack of proper application of mind in proceedings.
ITAT Pune overturns CIT (Exemption)’s decision, allowing S.M. Batha Education Trust to retain its registration under Section 12AB, affirming its charitable nature.
