Judgement

The AAR West Bengal rules hotel booking agent cannot exclude reimbursement from taxable value without contractual authorisation Under Rule 33


AAR Holds GST Applicable on Entire Hotel Booking Consideration as Applicant Fails Pure Agent Conditions

ITAT Mumbai quashed the reassessment for AY 2018-19, holding that the Section 148 notice issued beyond three years failed to meet the Rs 50 lakh escaped-income threshold and lacked the mandatory Section 151(ii) approval.

ITAT Rules Reassessment Proceedings Invalid After Finding Section 148 Notice Issued Beyond Three Years Without Meeting Rs 50 Lakh Escaped-Income Threshold

ITAT Delhi held that an ITO lacked pecuniary jurisdiction to issue a Section 148 reassessment notice where the taxpayer’s returned income exceeded Rs 20 lakh, rendering the proceedings void ab initio.

ITAT Rules Reassessment Notice Issued by ITO Invalid for Taxpayer With Income Above Rs 20 Lakh, Holds Proceedings Void Ab Initio

The ITAT Ahmedabad held interest waiver taxable under Section 41(1) only where earlier deduction was claimed


ITAT Rules Bank Loan Principal Waiver Not Taxable Under Sections 28(iv) or 41(1)

The ITAT Ahmedabad rules Demonetisation cash deposits cannot be treated as undisclosed income when sales and business profits are offered to tax


ITAT Deletes Rs.16 Lakh Addition on Demonetisation-Era Cash Deposits

Orders

The ICAI rules procedural lapse in withdrawal of government funds cannot alone establish Professional Misconduct.

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AAR Holds GST Applicable on Entire Hotel Booking Consideration as Applicant Fails Pure Agent Conditions

ITAT Rules Reassessment Proceedings Invalid After Finding Section 148 Notice Issued Beyond Three Years Without Meeting Rs 50 Lakh Escaped-Income Threshold

ITAT Rules Reassessment Notice Issued by ITO Invalid for Taxpayer With Income Above Rs 20 Lakh, Holds Proceedings Void Ab Initio

ITAT Rules Bank Loan Principal Waiver Not Taxable Under Sections 28(iv) or 41(1)

ITAT Deletes Rs.16 Lakh Addition on Demonetisation-Era Cash Deposits

ICAI Board Holds CA Not Guilty of Misconduct Over Rs 50 Lakh Yarn Bank Project