Judgement

ITAT reduced Rs 30,000 penalty for non-compliance with three income tax notices to Rs 10,000, considering her subsequent cooperation and absence of additions to returned income.

ITAT Cuts Section 272A(1)(d) Penalty From Rs 30,000 to Rs 10,000 for Income Tax Notice Default After Assessee Cooperates in Assessment

ITAT deletes the Rs 1.44 crore addition under Section 69, observing that the disputed unlisted share investments were duly recorded in the books of account.

ITAT Deletes Rs 1.44 Crore Unexplained Investment Addition Under Section 69, Says Investments Were Recorded in Books

News

Nashik Court has closed the Rs 3 crore cheque dishonour case against Gandhar Oil Refinery and its promoters after repeated non-appearance of the complainant and lawyer.

Gandhar Oil Refinery Gets Clean Chit in Rs 3 Crore Cheque Dishonour Case After Complainant’s Absence

ITAT has quashed a Section 263 revision order, holding that an assessment conclusively settled under the VSV Scheme cannot subsequently be reopened through revision proceedings.


ITAT Quashes PCIT's Revision Order, Holds VSV Scheme Settlement Cannot Be Disturbed Through Section 263

Delhi HC dismissed writ petition, holding that earlier State GST proceedings did not bar subsequent Central GST action as the two proceedings did not concern the same subject matter.

Delhi High Court Says Overlapping ITC Proceedings Not Barred Without Same Subject Matter

The Bombay High Court held penalty unsustainable where royalty adjustment was subsequently settled Under APA 


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ITAT Cuts Section 272A(1)(d) Penalty From Rs 30,000 to Rs 10,000 for Income Tax Notice Default After Assessee Cooperates in Assessment

ITAT Deletes Rs 1.44 Crore Unexplained Investment Addition Under Section 69, Says Investments Were Recorded in Books

Gandhar Oil Refinery Gets Clean Chit in Rs 3 Crore Cheque Dishonour Case After Complainant’s Absence

ITAT Quashes PCIT's Revision Order, Holds VSV Scheme Settlement Cannot Be Disturbed Through Section 263

Delhi High Court Says Overlapping ITC Proceedings Not Barred Without Same Subject Matter

High Court Holds APA-Settled Royalty Claim Cannot Attract Section 270A Penalty