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Judiciary

Rajasthan HC Dismisses Writ as Statutory Appeal Remedy Was Available Under GST

June 5, 2026 264 Views 0 comment Print

The Court declined to entertain the writ petition challenging a GST show cause notice and adjudication order, holding that the petitioner had an effective appellate remedy under Section 107 of the CGST Act.

Rajasthan HC Quashes Penalty against ITO As Error of Judgment Is Not Misconduct

June 5, 2026 294 Views 0 comment Print

The Court held that an Assessing Officer’s quasi-judicial decision cannot attract disciplinary action merely because another view was possible. Absence of mala fides or lack of integrity defeated the misconduct charge.

Calcutta HC Restores GST Registration as Procedural Defaults Are Curable

June 5, 2026 207 Views 0 comment Print

The Court held that cancellation of GST registration for procedural non-compliance should not permanently deprive a taxpayer of business operations when the defaults can be remedied through statutory compliance.

ITAT Deletes ₹7.77 Crore Section 69 Addition as Fixed Assets Were Recorded in Books

June 5, 2026 234 Views 0 comment Print

The Tribunal admitted lenders’ tax returns and bank statements and remanded the Section 68 issue for fresh examination. The matter was sent back for verification of identity, creditworthiness and genuineness.

No Section 69 Addition as Complete Money Trail From Overseas Remittances Established

June 5, 2026 270 Views 0 comment Print

The Tribunal held that property investment funded through documented foreign remittances from the assessee’s husband could not be treated as unexplained. Bank records and remittance confirmations established the complete source of funds.

Section 68 Addition Deleted as Revenue Failed to Prove Penny Stock Allegation

June 5, 2026 258 Views 0 comment Print

ITAT Mumbai held that additions under Sections 68 and 69C could not be sustained where the Revenue relied only on generalized investigation findings. The Tribunal found no evidence linking the assessee to any accommodation entry arrangement and deleted both additions.

ITAT Deletes ₹1.10 Crore Addition as Property Payment Was Directly Made by Father

June 5, 2026 156 Views 0 comment Print

ITAT Mumbai held that the assessee had fully explained the source of investment through bank records showing direct payment by her father. The addition under Section 69 was deleted as unsupported by evidence.

Section 14A Disallowance Reduced as Only Investments Yielding Exempt Income Can Be Considered

June 5, 2026 165 Views 0 comment Print

ITAT Mumbai held that disallowance under Section 14A must be computed only with reference to investments that actually yielded exempt income. The Tribunal also deleted interest disallowance after finding that the assessee’s interest-free funds exceeded its investments.

Foreign Tax Credit Cannot Be Rejected as Late Form 67 Filing Does Not Bar Relief: ITAT Surat

June 5, 2026 177 Views 0 comment Print

The ITAT held that FTC cannot be denied solely because Form No. 67 was filed after the due date. It ruled that the filing requirement is procedural and does not extinguish the taxpayer’s substantive right to foreign tax credit.

CESTAT Allows Appeal as Export Turnover Cannot Be Added for Rule 6 Credit Reversal

June 5, 2026 366 Views 0 comment Print

CESTAT held that where the value of goods sent for job work had already been considered for credit reversal purposes, including it again would amount to impermissible double counting.

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