Revenue cannot compel Assessee to spread upfront fees and brokerage fees for issuing non-convertible debentures over two years for which non-convertible debentures were issued
Bombay High Court dismisses petition challenging case transfer of Laxminath Investment to Delhi under Section 127(2), citing valid reasons and procedural compliance.
ITAT Mumbai upholds CIT(A)’s decision favoring Jay Bharat Mehta, rejecting unexplained cash credit addition and affirming Section 54F deduction eligibility.
Bombay High Court invalidates reopening notice and assessment order against Jayant Avinash Dave, citing procedural lapses and unreasonable decision-making.
ITAT Kolkata deletes ₹8.27 lakh addition under Section 69A, ruling cash deposits belonged to Seva Kendra, not the assessee. Penalty also set aside.
Delhi High Court calls for a review of Baggage Rules to address outdated limits on gold jewellery and prevent harassment of genuine air travellers in India.
Andhra Pradesh HC stays ICAI decision to remove a Chartered Accountant accused of fake GST invoicing, providing interim relief pending statutory appeal.
Madhya Pradesh High Court reviews the reassessment notice issued under Section 148 of the Income Tax Act in the Susheel Kumar Shankarlal case.
Rupesh Kantilal Savla Vs ACIT (ITAT Mumbai) – Power to assess block period of ten years could not be attracted in case of a Income Tax search which had taken place prior to 1-4-2017
Gujarat High Court directs refund of Rs. 40,00,000 GST deposit made by mistake, ruling that limitation cannot apply but interest is not eligible.
