Allahabad High Court quashes penalty under Section 129(3) of UP GST Act for unfilled E-Way Bill Part B, ruling that technical breach alone, without tax evasion intent, does not warrant penalty.
Mumbai ITAT rules that notional rent on unsold flats held as stock-in-trade is taxable as ‘Income from House Property’ for periods even prior to AY 2018-19, affirming previous Delhi High Court judgments.
The ITAT Mumbai has quashed an income tax reopening notice for AY 2017-18, finding it was issued without mandatory prior approval from the appropriate authority under Section 151(ii) of the Act.
ITAT Delhi deletes unexplained cash credit additions for Technosys Integrated Solutions Pvt Ltd, finding investments were not credited in the relevant assessment year.
Delhi High Court orders GST Department to create a consistent SOP for portal uploads, email, and proper documentation of notices and orders, addressing communication failures.
Delhi ITAT sets aside PCIT’s revisionary order concerning depreciation on goodwill for AY 2016-17, citing incorrect application of IND AS 103 and reliance on a new ground.
ITAT Delhi rules interest on enhanced compensation for acquired agricultural land is taxable as ‘income from other sources,’ dismissing exemption claims.
Calcutta High Court quashes Income Tax reassessment against Srei Equipment Finance, affirming IBC’s overriding effect post-resolution plan approval.
Delhi High Court dismisses MHJ Metaltechs’ plea against a ₹155 crore GST fraud demand, citing impact on exchequer and adherence to natural justice.
Calcutta High Court dismisses writ petition by UBS Exports International challenging a single Section 74 SCN for multiple years, citing the availability of an alternate remedy via appeal.
