Judgement

The ITAT Delhi held that reopening the assessment after four years without new evidence was invalid and beyond the Assessing Officer’s jurisdiction.

Big Win for MakeMyTrip! ITAT Slams Income Tax Reopening After 4 Years, says No Failure to Disclose, No Reassessment

Exemption under Industrial Policy cannot override statutory conditions of Central Sales Tax Act; non-filing of C-Forms fatal to claim

High Court: Submission of C Forms Mandatory for Tax Exemption Under Industrial Policy

News

Two men were arrested for creating 85 fake companies to generate Rs. 350 crore in false invoices and cheat the government.

Noida Police Expose Rs 350 Crore Fake GST Refund Network

High Court held that reassessment proceedings under Section 148 are invalid when the Principal Commissioner grants approval under Section 151 mechanically without independent application of mind

Rajasthan High Court Quashes Reassessment for Mechanical Approval Under Section 151

ITAT dismisses Revenue’s rectification application u/s 254(2) against earlier order quashing cancellation of 12A registration; holds that territorial jurisdiction is not a “mistake apparent from record.”

ITAT Rejects Revenue’s Rectification Plea Alleging Lack of Territorial Jurisdiction in Trust’s 12AB Cancellation Matter

The ITAT Ahmedabad deletes the addition of Rs. 50 lakh received by the company through bank transfers, on the grounds of a genuine bank transaction, interest and TDS were properly paid, and the loan was repaid later.

Loan Routed Through bank, Interest Paid with TDS, and Fully Repaid Cannot Be Treated as Unexplained Cash Credit: ITAT

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