Explore the recent Calcutta High Court judgment on IGST exemption for Citibank credit card loans. Analysis of the loan, credit card services, and implications for borrowers.
Read how Bombay High Court ruled in favor of New Age Buildtech Pvt Ltd, quashing invalid notices issued in the name of non-existent company ERP Infra Pvt Ltd.
Read how Gujarat High Court upheld ITAT’s decision, confirming that only the profit element embedded in Bogus purchases would be added to assessee’s income.
Read how the Madras High Court upheld the ITAT’s decision to estimate 4% profit for a road construction business, based on previous assessment orders.
Read the analysis and conclusion of the Swati Viren Karani Vs ITO case where the Gujarat High Court deemed section 148 notices issued between 1-4-2021 and 30-6-2021 as per Section 148A(b).
Read the comprehensive analysis of the case where the Assessing Officer made additions to the assessee’s income based on loose papers, and how the Court dismissed the revenue’s appeal.
Explore the PCIT Vs Goutam Chakraborty case where Calcutta High Court dismisses revenue’s appeal, upholding the deletion of additions under section 69A for seized gold.
Delhi High Court holds that personal hearing must be granted even if the petitioner did not opt for it in GST show cause notices. The court quashes the impugned order and show cause notice, allowing the petition.
The Delhi High Court has held that reopening of assessment under Section 147 of the Income Tax Act is not valid in the absence of an allegation of failure to disclose material facts.
ITAT Kolkata allows the appeal in H.K. Dutta & Co. Vs. ACIT, deleting the addition made under Section 69 of the Income Tax Act for a gold loan obtained from a partner and recorded in the books.
