The Tribunal upheld the statutory bar on late-filed returns but restored the matter to allow the assessee to seek condonation under the CBDT circular.
The case examined whether a reassessment notice issued after the Ashish Agarwal procedure complied with limitation rules. The court held the notice time-barred as it exceeded the surviving period under TOLA and quashed all proceedings.
The Kerala High Court granted bail in a vigilance bribery case, noting prolonged custody and that the investigation was practically over. The Court reaffirmed that bail should not be denied merely due to the seriousness of allegations.
The Tribunal set aside the disallowance of interest after noting fresh evidence indicating business utilisation of borrowed funds. The matter was remanded for reconsideration with an opportunity to substantiate the claim.
The Court examined whether senior company officials accused of large-scale service tax evasion deserved bail. Holding the alleged ₹55 crore evasion to be a serious economic offence, the Court refused bail, citing gravity and public revenue impact.
The court held that challenges to deletion of Section 68 additions were factual in nature and raised no substantial question of law, leading to dismissal of the Revenue’s appeal.
The Tribunal held that exemption under section 11 cannot be denied once the delay in filing Form 10B stands condoned. The Assessing Officer was directed to verify and allow the exemption in accordance with law.
The Tribunal held that relief based on additional evidence without obtaining a remand report breaches Rule 46A(3). The matter was remanded for fresh adjudication after proper verification.
The issue was whether the appellate authority relied on fresh evidence without following Rule 46A. The High Court upheld deletion of the addition, holding that all documents were already on record before the Assessing Officer.
The Court examined whether ITC could remain blocked under Rule 86A beyond one year on the same allegations. It held that continuation or re-blocking without fresh grounds is impermissible, and the blocked credit must be released.
