ITAT Delhi ruled in favor of Air Con Systems (India) Pvt. Ltd., deleting a ₹62,00,000 addition made under Section 69A of the Income Tax Act. The addition was based solely on notings in an undated loose paper seized from a third party’s residence.
Tribunal held that the enhanced leave encashment limit of ₹25 lakh, notified by CBDT on 24 May 2023, applies retrospectively to non-government employees. The assessment order was set aside, granting full exemption benefit to the retired SBI officer.
SC expunges Kerala HC’s surprise directions for fee refixation and vigilance inquiry, affirming that a litigant cannot be placed in a worse position in their own writ petition.
ITAT Pune ruled a trust’s passive rental income, even if substantial, is not a “business activity” under Sec 2(15) proviso if utilized for charitable objects, directing Sec 12A registration.
ITAT Jabalpur upholds CIT(A)’s deletion of addition u/s 68; holds that mere reliance on Investigation Wing report without independent verification is unsustainable.
The ITAT ruled the PCIT cannot set aside an assessment u/s 263 for ‘inadequate inquiry’ without conducting an independent investigation to establish prejudice to the Revenue.
Gujarat High Court rules that GST payment credited to government via electronic cash ledger satisfies bail condition; rejects plea for bail cancellation.
Allahabad High Court set aside GST assessment fixing evaded sales above purchases, directing authorities to pass a reasoned order after hearing the petitioner.
Allahabad High Court quashes GST seizure for expired e-way bill caused by truck breakdown. Court confirms Section 129 action requires clear evidence of tax evasion intent.
Delhi HC rules FIRCs need not match exports transaction-wise for ITC claims. Total foreign remittance suffices; case remitted for fresh adjudication.
