The Allahabad High Court set aside a GST penalty under Section 129, ruling that the mere absence of Part-B of an e-way bill is a technical breach, not an intention to evade tax, citing the Fiserv precedent.
In a case involving unexplained bank deposits, ITAT Agra remanded the matter to the Assessing Officer, directing a fresh assessment with due compliance to natural justice after earlier ex-parte orders under Sections 144 and 147.
The ITAT Agra set aside the addition of ₹34.45 crore under Section 41(1) against Ginni Filaments, ruling that the evidence (creditor confirmations, invoices, and payment proof) must first be verified by the AO.
The CESTAT Hyderabad dismissed an appeal by Essel Mining and Industries, ruling that the Free On Board (FOB) value for iron ore exports cannot be treated as a cum-duty price for calculating export duty.
Punjab & Haryana High Court directs GST authorities to decide Mahadev Steel Industries’ plea for unblocking ₹33.8 lakh ITC under Rule 86A within one week.
The Court upheld ITAT and CIT(A) findings that jewellery cash sales on the eve of demonetization were genuine and supported by invoices and stock records, dismissing Section 68 addition of ₹6.61 crore.
Agra ITAT deleted addition under Section 68, ruling that gifts from sisters (Sharad Maheshwar) were genuine. The Tribunal held the department cannot reject gifts solely because the donor’s tax return was not scrutinized.
NCLT admitted a Section 7 IBC petition by 125 investors after finding default on assured returns under an illegal investment scheme, declaring moratorium and appointing an IRP.
The Tribunal sent the case back to the Assessing Officer after finding that documents proving investment sources and expenses were not examined earlier. Matter remanded for fresh adjudication after affording hearing.
Nagpur ITAT remanded Vijay Peshane’s appeal to the CIT(A) for fresh review of addition under Section 6a9A. The assessee claimed miscommunication led to a failure to appear before the appellate authority.
