Delhi High Court grants relief to Punjab and Sind Bank, permitting the refund of Rs.1.3 crores deposited, citing involvement of public funds. Analysis of the judgment.
Delhi High Court rules that ITAT cannot recall an order u/s 254(2) of the Income Tax Act after four years. Insights on CIT vs L.G. Electronics Korea.
ITAT Mumbai ruled that an assessment order against a non-existent entity (Pipal Research Analytics) is invalid. Insight into Crisil Ltd vs ACIT case.
CESTAT Ahmedabad rules in Quality Technocast case that allegations of goods diversion to Domestic Tariff Area must be based on evidence, not assumptions
On the one hand the Revenue has made demand of central excise duty on goods consumed in the finished goods and on the other hand it is demanding duty on the finished goods which is wrong. Even if there is any duty demand, the same shall be restricted only upon finished goods. The raw material duty cannot be demanded as the same were consumed for intended purpose of manufacture.
Analysis of CESTAT Mumbai case between CGST & CE and Modern Road Makers Pvt. Ltd., focusing on service tax demand based on ST-3 and ITR mismatch.
Madhya Pradesh HC imposes cost on revenue for a frivolous case regarding income chargeable to tax vs gross receipts. Detailed analysis of the case.
Analysis of ITAT Mumbai’s decision in Sanjay V. Kothari Vs ITO, focusing on the addition of bank deposits. The case involves A.Y. 2006-07 assessment.
Orissa High Court dismisses appeal in PCIT Vs Dimple Murarka, ruling excess stocks should represent income from undisclosed sources.
Delhi High Court grants stay in Banyan Real Estate Fund vs. ACIT case due to discrepancies in Section 148 notice regarding incorrect allegations. Full judgment analysis.
