Dive into the recent ITAT judgment on Sec 69B & 115BBE, exploring the treatment of unrecorded stock in a business survey. Analysis of AO, CIT(A), and ITAT perspectives.
Explore the recent Bombay High Court judgment in the case of Monit Trading Pvt. Ltd. against the Union of India & Others, analyzing procedural irregularities and legal nuances leading to the restoration of Monit Trading’s registration under the CGST Act, 2017.
ITAT Mumbai held that addition under section 68 of the Income Tax Act merely on the basis of information and statement of third party without any tangible material on record is unsustainable in law.
ITAT Mumbai held revisionary order under section 263 of the Income Tax Act to be proper and just as assessment was completed in a routine and mechanical manner without due diligence and without due application of mind.
ITAT Delhi held that punitive damage being allowed as negative restitution cannot be allowed as business expenditure under section 37(1) of the Income Tax Act
Bombay High Court quashes GST registration cancellation order, citing lack of reasons in the show cause notice. Detailed analysis, implications, and restoration order provided.
In a recent ruling, the Gujarat High Court has echoed the Supreme Courts decision in the case of Union of India and Others vs. Ashish Agarwal, wherein it addressed a group of petitions challenging the constitutional validity of Notification No. 20/2021 dated 31.03.2021 as well as Notification No. 38/2021 dated 27.04.2021 and consequential notices under Section 148 of the Income Tax Act.
Explore the legal intricacies of Garg Rice Mills & others vs. State of Punjab & others case as Punjab and Haryana High Court suspends final orders for FY 2018-19, citing time-barred notices and challenging GST Act provisions.
Get insights into the recent case of Ajay Kumar Kaushal Vs State of Maharashtra in Bombay High Court. Know about the interim order and key observations.
Explore exclusive jurisdiction of Supreme Court under Section 35L of Central Excise Act, 1944 in determining value of excisable goods for assessment. Analysis of a recent case.
