Judgement

ITAT Mumbai held that reassessment under Sections 147/148 was invalid as it was based on issues already decided in favour of the assessee. The ₹12.83 crore capital gains addition was deleted since no conversion or sale took place.

ITAT Mumbai Rejects Reopening and  Deletes ₹12.83 Cr Capital Gains Addition

ITAT Mumbai Rejects Reopening and Deletes Rs 12.83 Cr Capital Gains Addition

The Karnataka HC held that serious GST allegations must be backed by proper verification and remanded the case for fresh review after the taxpayer submitted supporting evidence.

High Court Stresses Need for Proper Verification; Remands Case of GST Non-genuine Purchases

ITAT Quashes Assumption-Based Additions; Holds Tax Additions Are Unjustified Without Solid Evidence

Court rules personal hearing must be meaningful; same-day hearing after reply is invalid

Same Day Hearing Not Valid Opportunity; GST Order Set Aside by HC

Tribunal upholds DGAP findings; no ITC benefit arises in entirely post-GST transactions

GSTAT Rejects Profiteering Claim; Section 171 Inapplicable to Fully Post-GST Projects

News

KPMG reduced around 100 audit partners in the United States after low response to voluntary exits. The firm said the move was part of a long-term workforce restructuring plan.

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ITAT Mumbai Rejects Reopening and Deletes Rs 12.83 Cr Capital Gains Addition

High Court Stresses Need for Proper Verification; Remands Case of GST Non-genuine Purchases

ITAT Quashes Assumption-Based Additions; Holds Tax Additions Are Unjustified Without Solid Evidence

Same Day Hearing Not Valid Opportunity; GST Order Set Aside by HC

GSTAT Rejects Profiteering Claim; Section 171 Inapplicable to Fully Post-GST Projects

KPMG Reduces 100 Audit Partners in US as Part of Workforce Restructuring Plan