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 Bombay High Court: Directs Income Tax Department to Process 17-Year-Delayed Refunds by April 2025, Orders 6% Interest for Further Delays to Be Recovered from Responsible Officers, Not Public Funds, Emphasizes Accountability for Administrative Lapses, 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 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
The Supreme Court to Decide on Eligibility for Rectification of GSTR-1 Post Expiry of Time Limit Under Sections 37(3) & 39(9) - The High Court Allowed Assessee to Correct Bonafide Error; Revenue’s SLP Leads to Supreme Court Review with Amicus Curiae Appointment, Dated - 24-03-2025
The Delhi Court Sets Aside Order Against Assessee, Holds ITC Cannot Be Denied Due to Incorrect Address and GSTN on Supplier’s Invoices - Allows Petitioner's ITC Claim, Sets Aside Rs. 5.65 Crore Demand, Dated - 12-03-2025