Judgement

HC quashes GST demand order after finding the department wrongly classified Stock and and business premises Insurance as Motor Vehicle Cover. Says, Section 17(5) applies only to motor vehicle insurance

ITC Cannot Be Denied for Stock and business premises Insurance; GST Department reprimanded for wrong interpretation of Section 17(5)

Tribunal sends matter back to AO after assessee produces Auto-Sweep account for the first time, which may alter the core factual findings

ITAT Ahmedabad Remands Addition of Rs. 1.70 Crore as Unexplained Investment for Fresh Verification

ITAT Delhi ruled that capital losses can be set off against long-term capital gains despite differing tax rates, quashing CPC and CIT(A)’s additions and restoring the taxpayer’s original income.

ITAT Delhi Quashes CPC’s Rs. 25 Lakh Addition; Allows Set-Off of STCL and LTCL Against Long-Term Gains

ITAT Mumbai, has ruled in favour of an HUF, reducing the disallowance on exempt income and clarifying the nature of the refund of an advance payment made by the HUF to its Karta.

Receipt Remains Capital or Revenue Regardless of Utilisation: ITAT

SC holds suit for possession based on title carries 12-year limitation; mutation does not confer title; plaint cannot be rejected under Order 7 Rule 11. HC orders set aside.

Supreme Court Sets Aside HC’s Ex Parte Rejection of Title Suit; Plaint Not Time-Barred on Its Face

The Delhi High Court has recently directed the release of gold bangles and two iPhones detained by Customs upon the payment of a redemption fine, customs duty, and penalty.

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ITC Cannot Be Denied for Stock and business premises Insurance; GST Department reprimanded for wrong interpretation of Section 17(5)

ITAT Ahmedabad Remands Addition of Rs. 1.70 Crore as Unexplained Investment for Fresh Verification

ITAT Delhi Quashes CPC’s Rs. 25 Lakh Addition; Allows Set-Off of STCL and LTCL Against Long-Term Gains

Receipt Remains Capital or Revenue Regardless of Utilisation: ITAT

Supreme Court Sets Aside HC’s Ex Parte Rejection of Title Suit; Plaint Not Time-Barred on Its Face

Delhi HC Orders Release of Marriage Gifts Detained by Customs: Waives warehousing charges