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Direct Tax
Foreign Salary Remitted to NRE Account Can’t Be Treated as Unexplained Investment Merely on SFT Data: CIT(A) Deletes ₹1.33 Crore Addition
The Commissioner of Income Tax (Appeals), Delhi, has deleted an addition of ₹1.33 crore...
Direct Tax
Export Commission Paid to Foreign Agents for Services Outside India Not Liable to TDS: ITAT
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has held that commission...
Direct Tax
Belated Filing of Form 10B Is a Curable Procedural Irregularity; S. 11 Exemption Can’t Be Denied: ITAT
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that a...
Direct Tax
Tax Audit Not Mandatory Where Turnover Is Below Rs. 10 Crore and Cash Transactions Do Not Exceed 5%: ITAT
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has ruled that a taxpayer whose...
Direct Tax
Ignorance of Law Can’t Explain 689-Day Delay in Challenging S. 263 Revision Order: ITAT
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has refused to condone...
Direct Tax
S. 263 Revision Can’t Sustain Penalty After Underlying S. 69 Addition Is Deleted: ITAT
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has quashed a revisional...
Direct Tax
Contract Notes Are Primary Evidence in Penny Stock Transactions: ITAT Restores ₹1.94 Crore Bogus LTCG Addition for Fresh Examination
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has restored a ₹1.94...
Direct Tax
CIT(A) Must Reconsider 1,292-Day Delay After Accounting for Supreme Court’s COVID Limitation Relief: ITAT
The Income Tax Appellate Tribunal (ITAT), Mumbai, has restored an income tax appeal involving...
Direct Tax
Separate Additions for Cash Deposits and Business Expenses Unjustified When Income Taxed U/s 44AD: ITAT
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has held that cash deposits forming...
Direct Tax
Interest on Enhanced Compensation for Compulsory Acquisition of Agricultural Land Not Taxable as ‘Other Sources’: ITAT Mumbai
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that interest...
Direct Tax
Unauthenticated WhatsApp Chats and Third-Party Statement Can’t Prove Cash Payment for Property: ITAT
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has upheld the deletion...
Direct Tax
Waiting for Favourable Ruling Is Not ‘Sufficient Cause’: ITAT Refuses to Condone 11 Years Delay To Former Cricketer
The Income Tax Appellate Tribunal (ITAT), Mumbai, has refused to condone a delay of...
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GST
GST Registration Cancellation Quashed Over Missing Verification Report And Unexplained Retrospective Effect: Karnataka High Court
The Karnataka High Court has set aside an order cancelling a firm’s GST registration...
GST
Internal Departmental Delays Can’t Extend GST Refund Appeal Deadline: Karnataka High Court
The Karnataka High Court has dismissed the department’s appeal in a dispute involving recovery...
GST
GST Officer Blocks Rs. 1.61 Crore ITC Beyond His Powers; Allahabad High Court Orders Review Of Similar Cases
The Allahabad High Court has directed the Commissioner, State Tax, to examine whether officers...
GST
GST Recovery Put on Hold as Allahabad HC Flags Substantial Question of Law Over Portal Upload, Communication of Orders
The Allahabad High Court has taken serious note of concerns relating to the chronology...