Chhattisgarh HC directs GST Intelligence to avoid coercive action against a taxpayer in a fake ITC investigation, provided the taxpayer cooperates with the inquiry.
Reversing lower authorities, ITAT Ahmedabad ruled that the assessee proved genuineness of loans and interest payments, allowing deduction under Section 57 of the Income Tax Act.
NCLAT directed liquidation of corporate debtor after Committee of Creditors rejected sole resolution plan as being below liquidation value and commercially unviable.
Tribunal held that the Commissioner (Appeals) erred in deciding classification without first addressing limitation under Section 129D(3) of the Customs Act, and remanded the case for fresh consideration on the time-bar issue alone.
ITAT Delhi remanded the case for re-examination of foreign remittances from Russia, directing the Assessing Officer to verify if the receipts were genuine trade receivables amid allegations of over-invoiced exports.
The Madras High Court directed the Customs Department to provisionally release second-hand Digital Multifunction Printers (MFDs) despite the department’s objection regarding environmental clearance. The release is subject to final customs adjudication.
The ITAT set aside the rejection of Life Eternal Trusts 80G registration and remanded the case to re-evaluate if the trusts religious expenses exceeded the 5% limit. The Tribunal instructed the CIT to consider the trust’s new evidence on expense miscategorization.
Madras HC directed Customs to provisionally release used Digital Multifunction Printers (MFDs) under Section 110A, subject to final adjudication. HC ruled that MFDs are not prohibited under HOW Rules and ordered provisional release, applying benefit of doubt and prior court decisions.
CESTAT Hyderabad held that a service tax demand cannot be dismissed merely because payment was made in advance and remanded the matter for verification of the period of service receipt.
ITAT Cuttack deleted a ₹15.45 lakh demonetization cash deposit addition based on bank confirmation. Tribunal also reduced estimated net profit rate for wholesale trader from 1.5/% to 1/%
