Judgement

ITAT partly deletes Rs 10.48 lakh penalty, ruling that mere disallowance of expenses does not automatically justify penalty under Section 271(1)(c).

Mere Expense Disallowance Cannot Trigger Section 271(1)(c) Penalty; ITAT Partly Allows Appeal

ITAT Delhi set aside the CIT(A)’s order and remanded the matter for fresh adjudication after additional evidence was accepted without obtaining the AO’s Remand Report.

ITAT Sets Aside CIT(A) Order Over Failure to Obtain AO’s Remand Report on Additional Evidence; Matter Sent Back for Fresh Adjudication

Orders

ROC has imposed penalty on company and its director for contravening the provisions of section 137(1) of the Companies Act, 2013, by not furnishing financial statements for the FY 2021-22.

ROC Imposes Penalty on Company and Director for Failure to Furnish Financial Statements for FY 2021-22

ITAT deletes Rs 42.42 lakh tax additions, ruling that refunded business advances were genuine transactions, not accommodation entries.

ITAT Deletes Rs 42.42 Lakh Tax Additions, Rejects Department’s Accommodation Entry Claim Over Refunded Business Advances

News

The Supreme Court has dismissed the GST department’s SLP against the Gujarat High Court order that set aside a Rs 34.83 crore GST demand proposed against Siemens Limited over transfer of leasehold interest in its Halol, Gujarat property.

Supreme Court Dismisses GST Department’s Plea Against Siemens; Rs 34.83 Crore Demand Set Aside

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.

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Mere Expense Disallowance Cannot Trigger Section 271(1)(c) Penalty; ITAT Partly Allows Appeal

ITAT Sets Aside CIT(A) Order Over Failure to Obtain AO’s Remand Report on Additional Evidence; Matter Sent Back for Fresh Adjudication

ROC Imposes Penalty on Company and Director for Failure to Furnish Financial Statements for FY 2021-22

ITAT Deletes Rs 42.42 Lakh Tax Additions, Rejects Department’s Accommodation Entry Claim Over Refunded Business Advances

Supreme Court Dismisses GST Department’s Plea Against Siemens; Rs 34.83 Crore Demand Set Aside

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