Mumbai ITAT reduces tax disallowance on alleged bogus purchases to 5%, ruling profit element taxable when transactions are proven, distinguishing higher court precedent.
Rajasthan High Court criticized the CESTAT for failing to consider and discuss the binding precedent set by the Supreme Court in Balaji Steel Re-rolling Mills, despite it being specifically referred to by the appellant.
Supreme Court dismisses ITO’s SLP against R.K. Build Creations citing concession in similar case; follows precedent from Union of India vs Rajeev Bansal.
Bombay High Court allows taxpayer’s Vivad Se Vishwas scheme application, ruling disputed interest is covered and appeal was ‘pending’ despite delay.
Allahabad HC grants bail to Shivam Goyal in ₹31.18 crore fake ITC scam case, citing completed probe, charge-sheet, and co-accused’s bail.
CESTAT Mumbai reduces personal penalty on Yusuf Dhanani from ₹5 Lakhs to ₹2 Lakhs, citing voluntary offer and revised duty assessment in old customs case.
Delhi High Court rules taxpayer who responded to GST SCNs via portal previously cannot claim unawareness for a later assessment year.
ITAT Chennai deletes ₹14.84 lakh cash deposit addition for NBFC, citing duly recorded books; restores 80G claim to AO for re-examination.
Bombay HC examines Coca-Cola’s challenge to a GST demand regarding sales discounts. Court grants interim stay, questioning revenue’s interpretation of GST valuation rules.
Kerala High Court dismisses firm’s challenge to GST order, stating failure to use hearing opportunity differs from denial; directs firm to use appeal.
