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

Judgement

The ITAT Mumbai has directed the AO to examine documentary evidence afresh.

ITAT Remands Bogus Purchase Addition Case for Fresh Adjudication

The ITAT Delhi held that Investigation Wing Report and SEBI findings alone cannot establish bogus LTCG without independent evidence.


ITAT Deletes Section 68 Addition on LTCG from Penny Stocks for Lack of Direct Evidence

The ITAT Delhi directed CIT(A) to provide three effective opportunities before deciding depreciation claim.

ITAT Remits Bogus Depreciation Disallowance for Fresh Adjudication 

ITAT upheld the PCIT’s Section 263 revision order for the AO’s failure to properly verify suspected bogus purchases and red-flagged suppliers.

ITAT Upholds PCIT's Section 263 Revision Over AO's Incomplete Inquiry into Bogus Purchases

GST officials have arrested an iron-steel firm partner over an alleged Rs 15.78 crore fake ITC fraud involving bogus invoices worth Rs 87.67 crore.

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

ITAT Remands Bogus Purchase Addition Case for Fresh Adjudication

ITAT Deletes Section 68 Addition on LTCG from Penny Stocks for Lack of Direct Evidence

ITAT Remits Bogus Depreciation Disallowance for Fresh Adjudication

ITAT Upholds PCIT's Section 263 Revision Over AO's Incomplete Inquiry into Bogus Purchases

GST Officers Arrest Iron-Steel Firm Partner Over Alleged Rs 15.78 Crore Fake ITC Fraud Using Bogus Invoices Worth Rs 87.67 Crore