ITAT Mumbai held that no TDS is liable to be deducted when payment is made for serving food in a restaurant in the normal course of running of the restaurant/café. Accordingly, appeal allowed to that extent.
The Court held that blocking ITC without available credit in the ledger is beyond statutory powers. It ruled that negative blocking is impermissible and directed restoration of the credit.
The Supreme Court held that ambiguity in exemption notifications cannot benefit taxpayers. It ruled that such ambiguity must be resolved in favour of the Revenue, reinforcing strict interpretation principles.
CESTAT Mumbai held that demand of duty on manufacture of pan-masala/gutka cannot be sustained since there was no evidence which proved that manufacturing activity took place before installation of pouch packing machine.
ITAT Mumbai held that right to interest on refund is statutory right hence interest on delayed refunds arising from Direct Tax Vivad Se Vishwas [DTVSV] Act, 2020 is admissible. Accordingly, the appeals are allowed.
ITAT Mumbai held that the assessee is eligible for claiming Initial Public Offer i.e. [IPO] expenses proportionate to the shareholding in terms of clause (i) of section 48 of the Income Tax Act. Accordingly, the appeal is allowed to that extent.
The issue was whether LIC premium payments for post-retirement annuity were contingent liabilities. The Court held they represented an existing liability and allowed the deduction as a business expense.
The case examined the validity of reassessment notices issued beyond the permissible period. The Court ruled that such notices are invalid in light of binding precedent, leading to quashing of the entire reassessment.
The Tribunal validated reopening under Section 147 based on credible post-search information. Proper procedure under Section 148A was followed, making reassessment lawful.
The Tribunal found that the relationship between parties was a commercial arrangement for smooth supply of goods. It held that such arrangements do not amount to benami transactions. commercial dealings must be distinguished from benami arrangements.
