Judgement

The ITAT Ahmedabad held that revenue must establish specific nexus between accommodation-entry provider and assessee’s sales transactions.


ITAT Remits Rs. 1.80 Crore Section 68 Addition for Fresh Verification of Accommodation Entries

The ITAT Ahmedabad held Herbalife Distributor’s commission to wife’s concern cannot be restricted merely by comparing with ayurvedic businesses.


ITAT Deletes Commission Disallowance Under Section 40A(2)(b) for Lack of Comparable Basis

The ITAT Ahmedabad holds Section 148 notice issued after expiry of limitation invalid and annuls reassessment.

ITAT Quashes Reassessment as Section 148 Notice Issued Beyond Limitation Period

The ITAT Ahmedabad rules Harsha Engineers’ processing fee claim requires examination of borrowing purpose and capital asset nexus.

ITAT Remits Rs. 93.34 Lakh Processing Fee Disallowance for Fresh Adjudication

News

ED has arrested two individuals in connection with a Rs 734 crore fake GST ITC fraud involving 135 bogus companies and invoices exceeding Rs 5,000 crore.

ED Arrests Two in Rs 734 Crore Fake GST ITC Fraud Case Involving 135 Bogus Firms

Tamil Nadu Police take disciplinary action against five personnel accused of seeking or accepting bribes in different cases.

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ITAT Remits Rs. 1.80 Crore Section 68 Addition for Fresh Verification of Accommodation Entries

ITAT Deletes Commission Disallowance Under Section 40A(2)(b) for Lack of Comparable Basis

ITAT Quashes Reassessment as Section 148 Notice Issued Beyond Limitation Period

ITAT Remits Rs. 93.34 Lakh Processing Fee Disallowance for Fresh Adjudication

ED Arrests Two in Rs 734 Crore Fake GST ITC Fraud Case Involving 135 Bogus Firms

Five Tamil Nadu Police Personnel Face Disciplinary Action Within a Week Over Allegations of Demanding and Accepting Bribes