The ITAT Ahmedabad Deletes Additions on Related Party Payments: Disallowance U/s 40A(2)(b) Not Justified Without Fair Market Valuation or Benchmarking., Dated - 23-06-2025.

The Mumbai ITAT Holds Gifts Received After Marriage Date Still Exempt Under Section 56(2)(vii); Rejects AO’s Narrow Interpretation of “Occasion of Marriage” and Deletes Addition of Rs. 2.11 Crores Based on Timing of Cheque Clearance and Credit to Assessee’s Bank Account, Dated - 20-06-2025

The ITAT, Chandigarh: Holds That Government Financing to the Extent of 31.76% Constitutes ‘Substantial Financing’ U/s 10(23C)(iiiab); University Established by State Legislature Eligible for Full Income Tax Exemption for AY 2012-13 — ITAT Rejects AO’s Application of 50% Threshold Rule 2BBB., Dated -16-06-2025.

The ITAT Kolkata: Remands Matter as CIT(E) Cancelled Provisional Registration Without Affording Opportunity of Hearing to Trust; Rejection of Registration U/s. 12A(1)(ac)(iii) Held Premature Due to Mere Non-Filing of Form 10A—Delay in Appeal Condoned as Unintentional and Attributable to Lack of Legal Guidance., Dated - 12-06-2024

The ITAT Delhi Partly Allows Appeal in Demonetization Cash Deposit: Rs.28.88 Lakh Addition Reduced to Rs.3.88 Lakh After Assessing Evidence of Family Savings; Holds Section 115BBE's Enhanced Tax Rate Not Retrospective, Applicable Only Post 01.04.2017, Dated - 11-06-2025

The Allahabad High Court Declares Income Tax Search and Seizure under Section 132 as Illegal for Failing to Meet Mandatory Preconditions of Possessing Credible Information and Forming Prior 'Reason to Believe', Dated - 03-06-2025.

The ITAT, Bangalore Upholds Deletion of Rs.11.22 Crore Tax Additions Made Under Sections 69 and 115BBE, Citing Lack of Direct Evidence Against Assessee — Additions Based Solely on Third-Party Seized Documents and Retracted Statements Held Unsustainable and in Violation of Principles of Natural Justice, Dated - 02-06-2025

The Himachal High Court: Landmark Judgment Reinforces Revenue Authorities' Duty to Uphold Judicial Propriety and Discipline: High Court Declares Reopening of Settled Tax Matters u/s 154 Without Jurisdiction as Judicial Impropriety; Affirms Binding Nature and Finality of ITAT Orders in Hierarchical Judicial System, Dated - 30-05-2025

The ITAT Delhi: Deletes Addition Under Section 68 for Cash Deposits Made During Demonetization Period, Citing Absence of Book Rejection or Defects; Holds Deposits Were Genuine and Made from Sale Proceeds - Cash deposit out of sale, Dated - 28-05-2025

The ITAT Mumbai Allows Set-Off of STT-Paid Short-Term Capital Losses Against Non-STT Gains for FPI, Citing Section 70(2) Supremacy Over Tax Rate Differences, Dated - 23-05-2025

The Himachal High Court Quashes GST Order Treating Protest Payment as Admitted Liability; Holds Rs. 1.11 Crore Reversed Under Protest Cannot Justify Interest and Penalty Under Section 74 of HP GST Act; Directs Fresh DRC-07 to Enable Appeal Against Disputed ITC Demand, Dated - 19-06-2025

The Sikkim High Court: Refund Claim of Unutilized ITC on Closure of Business Cannot be Denied — No Express Prohibition u/s. 49(6), 54 & 54(3) of CGST Act; Petitioners Entitled to Refund — Section 54 read with Sections 29 & 49, CGST Act, 2017, Dated - 10-06-2025

The Bombay High Court: Cash Credit Accounts Cannot Be Attached Under Section 83 of MGST Act; Provisional Attachment of Loan Facilities Deemed Invalid, Protecting Businesses from Working Capital Freeze, Dated - 10-06-2025

The Calcutta High Court Holds GST Portal Upload as Valid Service Under Section 169, Disagrees with Madras HC in P.N. Traders, Yet Sets Aside Time-Barred Dismissal and Directs Appellate Authority to Hear Appeal on Merits Upon Payment of Costs, Dated - 09-06-2025

The Madras High Court Rules That Mere Uploading of GST Notices on Portal Is Not Sufficient Where Taxpayer Remains Unaware; Emphasizes Need for Officers to Use Discretion and Explore Alternative Modes of Service Under Section 169 of GST Act, Criticizes Mechanical Approach to Notice Delivery, Sets Aside Assessment Order for Lack of Personal Hearing and Grants Taxpayer Opportunity to Contest Case Upon Payment of 25% of Disputed Tax, 02-06-2025

The Allahabad High Court: Purchaser Cannot Be Penalised Under Section 16(2)(c) Without Action Against Defaulting Seller - ITC Reversal Quashed! HC Protects Buyer Who Paid Tax via RTGS. Dated - 30-05-2025

The Supreme Court Dismisses Revenue’s Review Petition After Condoning Delay and Waiving Registry Defects; Upholds Assessee’s Right to Avail Input Tax Credit on Mall Construction Used for Taxable Rental Services, Emphasizes Functionality Test Under Section 17(5)(d) of CGST Act 2017, Dated - 20-05-2025

The Jharkhand High Court Quashes ASMT-10 Notices Issued Under Section 61 for Pricing Discrepancies, Rules Scrutiny Should Be Limited to Return Discrepancies, Not Market Price Comparison, Dated - 09-05-2025

The Supreme Court Upholds Input Tax Credit Refunds Under Inverted Duty Structure for Pre-July 18, 2022 Period; Strikes Down Retrospective Restriction in GST Circular and Dismisses Revenue Appeal, Affirming ITC Claims Cannot Be Denied Based on Filing Date, Dated - 09-05-2024

The Calcutta High Court Directs Reconsideration: Refund Must Be Credited to Bank Account, Not Credit Ledger, for Business Closed Post GST Registration Cancellation. Dated - 05-05-2025