Judgement

ITAT quashes Section 263 revision, holding that the alleged Rs 49.59 lakh purchase difference was duly reconciled with TCS and GST figures in Form 26AS.

ITAT Deletes Section 263 Revision, Holds Explained Purchase Difference Cannot Make Assessment Prejudicial to Revenue

ITAT remands taxpayer's tax appeal to CIT(A) after finding that earlier written submissions were not considered in the faceless proceedings.

ITAT Remands Tax Appeal to CIT(A) Over Failure to Consider Earlier Written Submissions

ITAT deletes Rs. 31.56 lakh deemed rental income addition on unsold flats held as stock-in-trade, holding that Section 23(5) cannot apply retrospectively to AY 2017-18.

Section 23(5) Cannot Be Applied Retrospectively to Unsold Flats: ITAT Deletes Rs 31.56 Lakh Deemed Rent Addition

News

Uttarakhand tightens sugar stock controls, using GST purchase data and a 15-day limit to curb hoarding and ensure market availability.

Uttarakhand Government to Track Sugar Purchases Through GST Returns, Sets 15-Day Stock Limit

ITAT remanded Rs 6.67 lakh TDS dispute for fresh verification of challans, records, and the applicability of TDS on REC registration charges.

TDS Deposited Later Cannot Remain a Principal Liability Under Section 201(1): ITAT Remands Rs. 6.67 Lakh TDS Dispute

Supreme Court rules that GST authorities must clearly state the facts supporting fraud, wilful misstatement or suppression before invoking the extended limitation period under Section 74.

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ITAT Deletes Section 263 Revision, Holds Explained Purchase Difference Cannot Make Assessment Prejudicial to Revenue

ITAT Remands Tax Appeal to CIT(A) Over Failure to Consider Earlier Written Submissions

Section 23(5) Cannot Be Applied Retrospectively to Unsold Flats: ITAT Deletes Rs 31.56 Lakh Deemed Rent Addition

Uttarakhand Government to Track Sugar Purchases Through GST Returns, Sets 15-Day Stock Limit

TDS Deposited Later Cannot Remain a Principal Liability Under Section 201(1): ITAT Remands Rs. 6.67 Lakh TDS Dispute

Bland Statement Alleging Fraud or Concealment of Facts Not Enough to Invoke Section 74 Extended Limitation: SC