ITAT Chennai remanded a Section 69A unexplained cash deposit addition back to the AO. The assessee is permitted to submit new evidence, including bank statements, for fresh consideration of the claim.
Allahabad HC set aside AAR s order, remanding the GST exemption case for DGCA-approved pilot training to be decided in light of the Ministry of Finance’s circular clarifying the exemption under Notification 12/2017.
Kerala High Court clarified that proceedings under Section 73 apply only where tax is unpaid, short-paid, or wrongly availed. Since the taxpayer only adjusted ITC under the wrong head without causing loss to the exchequer, the GST demand was quashed.
ITAT Pune annulled reassessment proceedings, holding that approval by PCIT instead of PCCIT for notices issued after three years was contrary to Section 151.
The Court found reassessment action void as sanction was not granted by the competent authority and directed the Department to share the approval copy with the assessee
The Tribunal held that expenses incurred to make a newly purchased house habitable qualify as construction under Section 54 and are eligible for exemption.
The Tribunal held that expenses incurred to make a newly purchased house habitable up to the date of occupation are eligible for Section 54 exemption, subject to verification.
Tribunal held that sale proceeds of fixtures sold with a flat could not be taxed separately under income from other sources and quashed the CIT’s Section 263 order.
Bangalore ITAT held that expenditure of Rs. 8.65 lakh on interiors of a new house qualifies for exemption under Section 54, reversing the disallowance made by tax authorities.
The Madras High Court dismissed a writ petition, confirming the Appellate Authority’s rejection of an appeal against GST registration cancellation due to a statutory limitation period being exceeded by six months. The court held that the admitted delay was fatal as the petitioner failed to provide a justifiable explanation for the excessive lapse.
