The Court set aside the GST demand after finding that the show cause notice and order lacked reasons and no meaningful opportunity of hearing was provided.
The AO’s assessment included detailed examination of depreciation, warranty provisions, and Section 80G deductions for CSR donations. ITAT Ahmedabad found that the AO’s conclusions were plausible and in line with judicial precedents. The revisionary order under Section 263 was quashed, affirming that the AO’s order was not erroneous or prejudicial to Revenue.
The Court quashed multiple notices and assessment orders for AY 2018-19, holding that procedural requirements under Section 151A were not met, while preserving Revenue’s right to revive proceedings.
The Court held that income of Associations of Persons or syndicates cannot be combined with members’ income. Petitions challenging this were dismissed, confirming separate taxation.
High Court quashed Section 153C notices and assessment as diaries and loose sheets lacked evidentiary value, reaffirming statutory requirements for assessing income. SC Upholds HC Decision
NCLT Delhi admitted a Section 7 application for initiating CIRP against a company for defaulting on a ₹9.97 crore loan. The tribunal appointed an IRP and declared a moratorium on recovery actions.
The Tribunal held that the Corporate Debtor’s silence and lack of dispute confirmed the existence of debt, resulting in CIRP initiation against the company.
The High Court granted regular bail after finding no misuse of interim bail and noting that all witnesses were officials, reducing risks of interference.
Delhi High Court directed CBIC to submit draft amendments as the definition of jewellery and monetary limits are under review, with interim directions possible.
The Court held that a tax demand cannot be sustained solely on a fixed 2:1:3 input-output ratio and must be supported by evidence of suppressed outward supply.
