Judgement

The ITAT rejects the 50% income estimation and holds Section 44AD applicable to business correspondent income.

Presumptive Taxation: ITAT Applies Section 44AD, Rejects Higher Rate

The ITAT condones the delay in filing Form 10B and restores the Sections 11 and 12 exemption claim, holding that technical delays should not override the principles of justice.

ITAT Holds Technical Delays Should Not Override Principles of Justice; Condones Form 10B Delay 

Articles

A Delhi-based company was found issuing fake invoices to claim Rs 63 crore in fraudulent GST input tax credit without providing actual services.

DGGI Busts Massive Fake Invoice Scam Involving Rs 351 Crore Transactions

ITAT Ahmedabad quashed the reassessment against the assessee for lack of nexus, deleting the Rs. 94.50 lakh addition as unsustainable in law and on facts.

Additions Based on Third-Party Statements Not Sustainable: ITAT

HC allows seizure challenges; holding confiscation proceedings cannot bar contesting the legality of the initial seizure.

HC Restores Right to Contest Seizure in Ongoing Confiscation Proceedings

The AAAR upheld the Gujarat High Court's ruling holding that geomembranes made from HDPE strips are classified under HSN 5911.

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Presumptive Taxation: ITAT Applies Section 44AD, Rejects Higher Rate

ITAT Holds Technical Delays Should Not Override Principles of Justice; Condones Form 10B Delay

DGGI Busts Massive Fake Invoice Scam Involving Rs 351 Crore Transactions

Additions Based on Third-Party Statements Not Sustainable: ITAT

HC Restores Right to Contest Seizure in Ongoing Confiscation Proceedings

Geomembranes Made from HDPE Strips Fall Under HSN 5911: AAAR Rejects Department's Appeal