ITAT Mumbai allows Sonal Shah’s appeal, quashing reassessment for AY 2012-13 based on borrowed satisfaction and deleting bogus LTCG addition under Sec 68.
Calcutta High Court sets aside GST penalty for goods detention, finding no evidence of tax evasion or misclassification by the appellant.
Bombay HC dismisses tax appeals below new monetary limits (Circular 9/2024), finding exceptions (Circular 5/2024) apply prospectively, not to pending cases.
ITAT Delhi remanded the matter back to the file of AO to re-consider the activities of assessee trust vis-à-vis its coverage under charitable activities or General Public Utility.
ITAT Ahmedabad held that disallowance of delayed payment of employees’ contribution to EPF and ESI in terms of section 143(1) of the Income Tax Act can be made based on auditor’s observation. Accordingly, disallowance upheld.
ITAT Delhi held that Transfer Pricing Adjustment in respect of transaction of payment of royalty is set aside and Transfer Pricing Officer [TPO] is directed to accept the parameters of determination of compensation as accepted in Advance Pricing Agreement [APA].
Gujarat High Court quashes assessment order citing violation of faceless assessment rules and natural justice under Section 144B of Income Tax Act.
Delhi HC sets aside income tax assessment for AY 2018-19 due to non-issuance of mandatory show cause notice and draft order under Section 144B of the IT Act.
Karnataka High Court sets aside GST order against Balaji Packaging, allowing reconsideration under Section 73 to avail Amnesty Scheme benefits.
ITAT Mumbai addressed cash deposits during demonetization and alleged bogus diamond purchases. AO relied on investigation report without cross-examination.
