Allahabad High Court directs release of seized goods upon bank guarantee in GST dispute, allowing Cheminova India Limited to pursue an appeal under Section 107.
Kerala High Court dismisses challenge to GST fake invoice notice, directing the petitioner to seek alternative remedies instead of invoking Article 226.
Chhattisgarh High Court directs state authorities to process GST refunds for contracts awarded before July 1, 2017, within 90 days, subject to verification.
Bombay High Court stays GST demand on Schloss HMA Pvt Ltd’s corporate guarantees, pending clarification on applicability of CGST or IGST provisions.
Supreme Court rules on penalty under Section 271E of the Income Tax Act in CIT vs. Jai Laxmi Rice Mills. Find out how assessment order impacts penalty proceedings.
Visakhapatnam ITAT allowed a Section 54F capital gains exemption, even though the assessee didn’t deposit the sale proceeds in a specified account. The tribunal cited beneficial interpretation of the provision and the assessee’s investment in a new property.
Bombay High Court holds that Section 50C of the Income Tax Act does not apply to tenancy right transfers, dismissing the Revenue’s appeal in CIT Vs Abdul Aziz Abdul Kadar.
ITAT Mumbai rules that Section 50C of the Income Tax Act does not apply to tenancy right transfers, dismissing the Revenue’s appeal in ITO Vs Abdul Aziz Abdul Kadar.
ITAT Nagpur overturns CIT(A) order, allowing deduction under Section 80P for a cooperative society. The tribunal rules AO’s disallowance was unjustified.
Supreme Court dismissed the tax appeal in PCIT vs. Patanjali Foods, upholding the Bombay High Court’s decision that reassessment notices issued after an approved resolution plan under the IBC are invalid. The HC had quashed reassessment notices and orders, citing the clean slate principle and clarifying the scope of Section 148 of the Income Tax Act.
