ITAT Pune deleted the penalty of Rs.2.74 lakh imposed under Section 270A(9) for misreporting income related to delayed PF/ESIC payments. The Tribunal ruled that since the assessee's claim was based on ...

ITAT Cuttack remanded a demonetization case back to CIT(A), granting legal heir of deceased assessee a fresh opportunity. Tribunal ruled that appeal, which involved factual verification of large cash ...

Delhi ITAT declared an entire income tax assessment void ab initio because Assessing Officer, who assumed jurisdiction post-transfer, failed to issue mandatory notice under Section 143(2). This ruling ...

Madras High Court held that when the moisture content is below 10%, the same is to be considered only to be a roasted areca ...

NCLAT rules sovereign tax dues, once admitted in CIRP, become assignable debts. Assignees become operational creditors with CoC voting rights, transforming the distressed debt ...

GSTN has revamped Table 6 in GSTR-9 for FY 2024-25 to clearly separate current and previous year ITC claims, reducing mismatches, scrutiny, and compliance hassles for ...

Same Income, Two Hands? Not Allowed – ITAT Pune Quashes Double Taxation on 26AS Mismatch- Receipts Taxed in Company’s Books Can’t Be Reassessed in Individual’s Hands ...

ITAT Pune set aside the rejection of a final 80G approval application, ruling that a technical delay caused by withdrawing and refiling the application due to a typographical error should be condoned.

Employee Diwali gifts may spread festive cheer, but GST law under Section 17(5) blocks Input Tax Credit on such expenses. Learn why these gifts are treated as free supplies and how to stay ...

Delhi High Court held that demand of customs duty on account of failure to fulfil export obligations under Advance Authorization set aside as export obligation was fulfilled within extended period and ...

Orissa High Court held that auction sale by the bank under Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) justified as there was no ...

ITAT Indore held that Deemed Dividend under section 2(22)(e) of the Income Tax Act is not taxable in hands of borrower-company who doesn’t hold shares in lender-company. Accordingly, appeal of the ...