ITAT Chennai ruled that a delay in property registration due to the builder cannot deny a Section 54 deduction if the capital gains were reinvested on time. Timely payments, not registration, are the key requirement.
Tribunal upheld 153C jurisdiction based on seized documents and statements, but rejected the AO’s full bogus-purchase addition, sustaining only a 10% profit estimation after book rejection under section 145(3).
The Court set aside the penalty imposed for expired e-way bill, holding that proceedings under Section 129 require proof of intent to evade tax, which was absent.
Karnataka High Court allowed a 36-day delay in filing income tax returns, citing system failure and unavoidable circumstances as sufficient cause for condonation under Section 119(2)(b).
Discharge was denied where a complaint and verification report indicated an alleged ₹1,000 bribe demand. The High Court confirmed that prima facie material suffices for framing charges. The case was allowed to proceed to trial despite procedural objections.
The Court held that the assessee failed to prove ₹20.06 crore in purchases and restored the AO’s 100% addition. It ruled that partial estimation was unjustified and Section 69C required full disallowance.
The Court held that refund appeals pending for years must be decided within the statutory one-year period under the CGST Act. It directed the Appellate Authority to issue orders by January 2026.
The Tribunal ruled that additions based on third-party search without giving the assessee a chance to examine evidence violated natural justice, deleting ₹2.04 Cr and ₹64.11 Lakh for AY 2018-19 & 2019-20.
The Tribunal ruled that audited books cannot be discarded based on generic doubts or missing vouchers. Without identifying concrete defects, the AO’s rejection of books and 12.5% profit estimation were found legally unsustainable.
Court held that barter transactions between Jammu & Kashmir and PoK qualify as intra-state supplies, making GST applicable. The ruling upholds Section 74 notices as valid and directs traders to pursue statutory remedies.
