The Court held that multiple refund applications filed within time were wrongly rejected as time-barred. It ruled that COVID-19 limitation exclusion and earlier timely filings must be considered, directing reconsideration with interest.
The court held that refund of Compensation Cess ITC is permissible on exports made with IGST payment because statutory provisions prevail over conflicting circulars. The ruling clarifies that unutilized Cess credit on inputs used for exports must be refunded.
The ITAT held that jewellery tag prices in internal software cannot be equated with realised sales, deleting GP additions made without evidence of suppression.
ITAT held that entire cash deposits of a business correspondent cannot be treated as unexplained income without verification. The AO must examine whether deposits were bank collections or the assessee’s own money.
Tribunal held that income cannot be added merely because it appears in Form 26AS and remanded matter to verify whether assessee actually received amounts corresponding to TDS credits.
The ITAT invalidated an assessment for AY 2008-09 after the AO failed to issue a mandatory draft order under section 144C during remand proceedings, highlighting procedural compliance in transfer pricing cases.
Supreme Court refused to interfere with the High Court ruling that treated settlement applications filed before 31.03.2021 as valid, while keeping the legal question open
The ITAT ruled that an addition under section 68 cannot be sustained solely on a retracted statement of a third party, deleting ₹81 lakh share capital added to income.
The Tribunal ruled that a car financed partly through unexplained cash could be attached under PMLA, even though a bank held a secured interest, reinforcing that tainted funds justify attachment.
Supreme Court ruled that compassionate appointments are concessions, not rights. Once a dependent accepts a post, claims for higher posts are barred to prevent endless compassion.
