ITAT Delhi while quashing the revisionary order passed by the Ld. Pr.CIT held that, mere non-deposit in the capital gains scheme account cannot be the basis to deny deduction u/s 54/54F when the LTCG amount had duly been reinvested within the time allowed under 54(1) and that a hyper-technical/perfectionists point of view cannot the basis to assume revisionary jurisdiction.
Explore the Kerala High Court’s directive for releasing confiscated goods under the CGST Act in the case of Biju V.T. Detailed analysis, judgment, and legal insights provided.
Read about the Kerala High Court’s decision to set aside an IT order and allow rectification of income tax returns for assessment year 2016-17.
ITAT Mumbai’s order on Runwal Constructions vs DCIT: Addition of notional ALV on unsold flats held as stock-in-trade deleted. Detailed analysis and outcome provided.
Delhi High Court’s dismissal of a public interest petition challenging customs circulars on gold seizures. The court found petitioner lacked standing.
Explore the Madras High Court judgment on Tvl.V.V.Iron and Steels challenging an E-Way Bill notice timing violation under Section 129(3) of CGST Act, 2017.
Allahabad High Court judgment on GST case – Hindustan Paper Machinery Industries vs Commissioner CGST. Analysis of cancellation order and the importance of due process.
While calculating eligible limit of 1000 sq. ft. for deciding allowbility of section 80IB(10) deduction, floor bed area, which is open to sky and not covered by any sides and outside balcony area, which is below floor level cannot form part of constructed area of flat.
Delhi High Court judgment on Reliable Enterprises vs Commissioner Delhi GST. Detailed analysis of the quashing of GST registration cancellation, Rule 25 violation, and the remand order.
Anilkumar Madhusudhanan challenges GST registration cancellation in Kerala High Court. Learn why mere allegations of fraud, misstatement, or suppression may not suffice.
