Judgement

Gujarat High Court holds that GST authorities cannot detain goods mechanically when statutory requirements are not fulfilled

GST Detention Without Jurisdiction Quashed: Procedural Lapses Cannot Justify Seizure

Backward area excise exemption held capital in nature; operating margins to be recomputed excluding excise and CST benefits

ITAT Allows Excise Duty Incentive as Capital Receipt; TP Issues Remanded for Fresh Adjudication

ITAT deleted an addition made for property purchased below market value as the agreement was executed prior to valuation date.

ITAT Deletes Addition Under Section 56(2)(vii)(b) Based on Prior Agreement Date

ITAT Pune dismissed assessee appeal, upholding Rs 78.70 lakh addition for unproven agricultural income.

ITAT: Agricultural Income Claim Rejected for Lack of Evidence

ITAT Ahmedabad remands Rs 63.75 lakh cash addition to CIT(A), granting the assessee a final opportunity to submit evidence.

Addition Based on Third-Party Statement Sent Back for Fresh Consideration by ITAT

Articles

This year, 2025, has brought several key changes to India's financial and tax system relating to everyday life, mainly influencing the lives of middle-class individuals.

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GST Detention Without Jurisdiction Quashed: Procedural Lapses Cannot Justify Seizure

ITAT Allows Excise Duty Incentive as Capital Receipt; TP Issues Remanded for Fresh Adjudication

ITAT Deletes Addition Under Section 56(2)(vii)(b) Based on Prior Agreement Date

ITAT: Agricultural Income Claim Rejected for Lack of Evidence

Addition Based on Third-Party Statement Sent Back for Fresh Consideration by ITAT

Big Relief for India’s Middle Class: Key Banking, Tax and Pension Changes in 2025