News

NCLAT upheld a Rs. 213 crore penalty on Meta, ruling that WhatsApp’s 2021 privacy policy forced users into unfair data sharing with Meta via “take it or leave it” approach.

NCLAT: WhatsApp Abused Dominant Position; Massive Rs. 213 Cr Penalty on Meta Stands

Judgement

ITAT Delhi upheld the deletion of Rs. 8.3 crore addition, ruling that cash deposits during demonetisation were linked to genuine sales and not unexplained income.

Cash Deposits During Demonetisation Not Taxable when Books & Stock Are Intact: ITAT

The ITAT also agreed with the assessee that the intimation under section 143(1) was issued beyond the 9-month limit.

ITAT Quashes Time-Barred ITR Intimation Under Section 143(1) Issued by CPC

The ITAT Delhi ruled in favour of the assessee, allowing exemption under Section 11 despite a delay in filing the audit report, considering it a rectifiable error.

ITAT Allows Exemption u/s 11 Despite Delay in Filing Audit Report Citing Income Tax Circular

The Tribunal observed that the note had terms like "approximate" and "projection", and "estimation" mentioned on it, and it did not provide any solid proof showing actual income or sales.

Income Tax Addition Based on Rough Paper Not Valid: ITAT

The State GST Department conducted simultaneous raids on six properties linked to Haji Saeed in Meerut over alleged tax evasion through bogus billing.

Massive GST Raid in Meerut: Six Locations Linked to Haji Saeed Under Investigation

One Stop Solution For CA CS CWA Direct Indirect Tax GST Business News

Explore Our Blogs

Stay updated with the latest insights, tips, and industry trends from our experts