The ITAT Mumbai: Addition under Section 56(2)(vii)(b)(ii) for Difference Between Stamp Duty Value and Agreement Value of Two Flats Set Aside by ITAT Due to AO’s Failure to Refer Valuation to DVO Despite Assessee’s Explicit Request and Supporting Evidence, Dated - 16-05-2025
The ITAT Kolkata: Deletes Rs.7.22 Crore Addition Under Section 68 as Unexplained Cash Credit from M/s Ratio Distributors Pvt. Ltd. for AY 2013–14, Holding Lender’s Non-Response to Section 133(6) Notice Insufficient to Dispute Assessee’s Documentation, Dated - 13-05-2025
The Gauhati High Court Quashes Income Tax Demand Notices Issued Under Section 143(1) for Multiple Financial Years; Upholds Former Judge’s Claim of TDS Credit Despite Non-Reflection in Form 26AS; Directs Immediate Adjustment of Tax Already Deducted and Deposited – Dated 08-05-2025
ITAT Mumbai: Surcharge Under MMR Must Follow Slab-Based Rates, Not Flat 37%, Resolving Dispute Over Levy of Surcharge for AOP/Trusts, Dated - 23-04-2025
The ITAT Mumbai: Quashes Rs.10.33 Crore Commission Income Attributed to Auto-Rickshaw Driver, Slams AO for Targeting Innocent While Real Beneficiaries Go Unidentified; Orders Investigation Into Actual Culprits, Dated - 16-04-2025
The ITAT Delhi: Deletes Rs.30 Lakh Addition Made u/s 69B for Alleged Unexplained Investment in Property Transaction, Holding That Unsigned, Unverified Loose Sheet Seized from Third Party Premises During Search Operation u/s 132 Cannot Be Treated as Valid Evidence in the Absence of Corroborative Material or Handwriting Link to the Assessee, Dated - 17-04-2025
The Supreme Court Directs Mandatory Reporting of High-Value Cash Transactions Under Section 269ST – Courts & SROs Must Report to Income Tax Authorities for Cash Transactions Above Rs. 2 Lakh in Property Deals or Civil Suits, in Landmark Ruling Dated 16-04-2025
The Kerala High Court's Landmark Ruling: Interest on Delayed Land Acquisition Compensation Treated as Capital Gains, Not Taxable Interest - Upholds Exemption u/s 10(37), Dated - 11-04-2025
The Bombay High Court Upholds ITAT Ruling Quashing Reassessment for AY 2007-08 on Grounds of Lack of Independent Satisfaction by AO—Reassessment Held Invalid as AO Acted Solely on Directions of Superior Officers and TPO’s Findings for a Different Year, Dated - 01-04-2025
The Bombay High Court Upholds Income Tax Probe in Major Search & Seizure Case, Refuses to Quash Section 153C Order, Dated - 17-03-2025
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
The Patna High Court: GST tax, penalty, and recovery orders, finding the recovery of Rs.50,75,214/- illegal and ordering a refund with interest after reconsidering the matter in light of recent legislative changes. Dated - 01-05-2025
The Madras High Court Rules: GST Notices Must Be Effectively Communicated; Orders Set Aside Due to Inadequate Portal Notifications – Taxpayers Missed Critical Notices as They Were Only Uploaded Under 'View Additional Notices and Orders,' Not the Main 'View Notices' Section of the GST Portal, Dated - 22-04-2025
The Bombay High Court: Quashes Show Cause Notice of Rs.4.83 Cr GST Demand on Goa University, Affirms Affiliation Fees Are Part of Non-Commercial Education, Dated - 15-04-2025
The Delhi High Court directs release of sanctioned refund with interest, emphasizing that mere intention to appeal doesn't justify withholding.- Refund Cannot Be Withheld Merely by Invoking Section 54(11) Without Pending Appeal, Dated - 03-04-2025
The Chhattisgarh High Court Extends GST Appeal Limitation Due to Non-Functioning GST Appellate Tribunal (GSTAT)., Protects Assessee from Recovery, Dated - 02-04-2025
The Supreme Court Dismisses Revenue’s SLP, Affirms High Court’s Ruling That Amended Refund Formula Under Inverted Duty Structure Applies Retrospectively to All Refund Applications Filed Within Statutory Period, Orders Recalculation of Refunds and Finds No Grounds for Interference, Dated - 28-03-2025
The Orissa High Court Overturns GST Demand Rejection, Orders Reconsideration of ITC Reversal Claims - Rectification of GST Demand – GSTR-9 ITC Reversal Ignored, Dated - 26-03-2025