ITAT Delhi dismissed Revenue’s appeal against Satya Prakash Gupta regarding an addition of ₹1.61 crore for alleged bogus Short Term Capital Loss, as tax effect was below CBDT’s monetary limit.
Ahmedabad ITAT rules in Hanumant Pakshighar Charitable trust case, stating 80G approval cannot be denied solely for having a religious object. CIT(E) must verify if religious expenditure exceeds the 5% limit under Section 80G(5B).
Delhi HC directed RST Batteries to appeal a ₹18.83 Cr GST demand under Section 107, ruling that allegations of fraudulent ITC involve complex factual issues unsuitable for writ jurisdiction. The Court extended the appeal deadline.
Delhi HC held that indexation benefit on Long Term Capital Gain for flat sale begins only from the date Builder Buyer Agreement is signed & not from Provisional Allotment Date
Judgment highlights that responsibility to respond to notices under Sections 94 & 179 of under BNSS 2023 lies with company’s current authorized representatives, not former directors.
Delhi HC addressed an exporter’s inability to file PMT-03 for re-crediting a rejected IGST refund amount, impleading State GST Commissioner to resolve procedural deadlock
ITAT Agra set aside a rejection of a charitable trust’s 12AB registration application, ruling that a clerical error in citing the correct IT Act section cannot be a ground for denial.
The ITAT Chennai has set aside the disallowance of depreciation on goodwill claimed by Dynaspede Integrated Systems Pvt. Ltd. The Tribunal remanded the matter to the CIT(A) for a fresh decision.
The Court allowed bail to an accused arrested for allegedly availing fraudulent input tax credit, noting prolonged custody since April 2025 and pending trial.
Chennai ITAT ruled in Devaraya Pillai Subramanian case that interest on enhanced compensation for compulsory acquisition of agricultural land, exempt under S.10(37), is also exempt.
