Judgement

Exemption under Industrial Policy cannot override statutory conditions of Central Sales Tax Act; non-filing of C-Forms fatal to claim

High Court: Submission of C Forms Mandatory for Tax Exemption Under Industrial Policy

News

Two men were arrested for creating 85 fake companies to generate Rs. 350 crore in false invoices and cheat the government.

Noida Police Expose Rs 350 Crore Fake GST Refund Network

High Court held that reassessment proceedings under Section 148 are invalid when the Principal Commissioner grants approval under Section 151 mechanically without independent application of mind

Rajasthan High Court Quashes Reassessment for Mechanical Approval Under Section 151

ITAT dismisses Revenue’s rectification application u/s 254(2) against earlier order quashing cancellation of 12A registration; holds that territorial jurisdiction is not a “mistake apparent from record.”

ITAT Rejects Revenue’s Rectification Plea Alleging Lack of Territorial Jurisdiction in Trust’s 12AB Cancellation Matter

The ITAT Ahmedabad deletes the addition of Rs. 50 lakh received by the company through bank transfers, on the grounds of a genuine bank transaction, interest and TDS were properly paid, and the loan was repaid later.

Loan Routed Through bank, Interest Paid with TDS, and Fully Repaid Cannot Be Treated as Unexplained Cash Credit: ITAT

The ITAT Mumbai granted partial relief by deleting the shop addition and directing a fresh review of the deemed rent calculation.

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High Court: Submission of C Forms Mandatory for Tax Exemption Under Industrial Policy

Noida Police Expose Rs 350 Crore Fake GST Refund Network

Rajasthan High Court Quashes Reassessment for Mechanical Approval Under Section 151

ITAT Rejects Revenue’s Rectification Plea Alleging Lack of Territorial Jurisdiction in Trust’s 12AB Cancellation Matter

Loan Routed Through bank, Interest Paid with TDS, and Fully Repaid Cannot Be Treated as Unexplained Cash Credit: ITAT

No ad hoc estimate allowed; MRV must be basis for deemed rent computation