Judgement

After a survey led to an excessive tax demand based on just two days of sales, the ITAT stepped in to strike down the "commercially impossible" estimate.

Income Tax reassessment proceedings cannot be held bad in law due to a lack of a signature on notice

The Tribunal upheld a Supreme Court ruling that if the cause of delay given by the appellant is not refuted, the delay should be condoned.

Delay Should Be Condoned if Explanation is Unrefuted: ITAT

Court holds Additional Commissioner included in Joint Commissioner definition; penalty approval legally valid under law.

HC Rejects Challenge to Approval; Section 274(2) Compliance Established

Income Tax Penalty proceeding initiated with prior approval of additional commissioner Valid: HC

High Court rules foreign company income cannot be taxed in shareholders’ hands without statutory backing.

Foreign Company Income Not Taxable in Shareholders’ Hands, HC Clarifies.

Foreign Company Income Not Taxable in Shareholders’ Hands, HC Clarifies

Two writ petitions were brought before the High Court challenging a substantial tax demand exceeding Rs. 7 crore.

Madhya Pradesh High Court quashes Rs. 7 Cr GST Demand for Lack of Proper Authorisation

News

Panacea Biotec Limited won its tax appeal as ITAT cancelled the Rs 9.16 crore demand and removed the disallowance under Section 14A of the Income Tax Act.

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Income Tax reassessment proceedings cannot be held bad in law due to a lack of a signature on notice

Delay Should Be Condoned if Explanation is Unrefuted: ITAT

Income Tax Penalty proceeding initiated with prior approval of additional commissioner Valid: HC

Foreign Company Income Not Taxable in Shareholders’ Hands, HC Clarifies

Madhya Pradesh High Court quashes Rs. 7 Cr GST Demand for Lack of Proper Authorisation

Panacea Biotec Wins Income Tax Case: Rs. 9.16 Cr Demand Cancelled