ITAT deletes the Rs.6 lakh addition made for unexplained cash found during a search, considering family savings and past declarations.
Allahabad High Court clarifies legal validity of multiple show cause notices for the same period but on distinct matters in ALM Industries Ltd Vs CGST case.
Jammu & Kashmir High Court directs tax authorities to correct PAN errors in challans and release pending refund to Kashmir Tubes. Read the case summary here.
Delhi HC dismisses Addichem Speciality LLP’s plea for limitation extension under CGST Act, citing statutory constraints and precedents like Singh Enterprises.
Andhra Pradesh High Court ruled on the invalidity of unsigned GST orders in SRS Traders vs. Assistant Commissioner. Key legal findings and case details.
Delhi HC ruled on reassessment notices under IT Act, 1961, addressing amendments by Finance Act, 2021, and limitation periods following Supreme Court precedents.
ITAT Jodhpur held that if the books of accounts are rejected, and net profit is estimated by application of net profit rate, there cannot be again addition on account of any disallowance based on the same set of books of accounts. Thus, addition u/s. 40(a)(ia) set aside.
ITAT Delhi held that denial of exemption under section 54B of the Income Tax Act for purchase of agricultural land in the name wife of the assessee is not justifiable. Accordingly, denial of benefit of deduction set aside.
ITAT Pune sets aside CPC’s order, ruling that Akshay Malu’s return under the old tax regime is valid, despite filing Form 10-IE for the new regime.
SC quashes FIR against Nirankar Nath Pandey for disproportionate assets from 1996 to 2020, citing economic changes and the importance of dynamic asset assessment.
