Judgement

AAAR upholds geomembranes' classification as textile products under HSN 5911, rejecting the plastic category argument.

Geomembranes Treated as Textile Products Despite HDPE Composition, Rules AAAR

The ITAT reduced a Rs 1.47 crore addition to Rs 10 lakh to prevent double taxation and held that Section 115BBE was inapplicable, directing taxation under normal provisions.

ITAT Curbs Rs 1.47 Cr Addition to Rs 10 Lakh, Rejects 115BBE Applicability to Avoid Double Taxation

The Tribunal held that if accumulated income is not used within 5 years, it is treated as income for the year in which it is not utilised, and the same becomes taxable under Section 11(3) of the Income Tax Act.

Unutilised Accumulated Funds of State Examination Board Become Taxable if Not Used Within 5 Years: ITAT

High Court rules pigmy agents are employees; GST not applicable on commission under reverse charge

HC: No GST on Commission Paid to Pigmy Agents

ITAT condoned a 58-day delay caused by consultant negligence and remanded the Rs 92.67 crore addition case for fresh adjudication, citing violation of natural justice.

ITAT Sets Aside Rs 92.67 Crore Income Tax Addition for Violation of Natural Justice

News

V-Guard Industries Limited received a GST show cause notice over an alleged excess ITC claim for FY21–FY24, which it plans to contest.

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Geomembranes Treated as Textile Products Despite HDPE Composition, Rules AAAR

ITAT Curbs Rs 1.47 Cr Addition to Rs 10 Lakh, Rejects 115BBE Applicability to Avoid Double Taxation

Unutilised Accumulated Funds of State Examination Board Become Taxable if Not Used Within 5 Years: ITAT

HC: No GST on Commission Paid to Pigmy Agents

ITAT Sets Aside Rs 92.67 Crore Income Tax Addition for Violation of Natural Justice

V-Guard Industries Receives GST Show Cause Notice Over Alleged Excess ITC Claim