Judgement

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

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

The Tribunal held that Section 144C is a complete code and it first requires the AO to issue a draft assessment order to the eligible assessee.

ITAT Delhi: AO Must First Issue Draft Assessment to Eligible Assessee Under Section 144C

The ITAT granted partial relief to Co-Op Bank by invalidating Section 154 rectification on a debatable STCG set-off issue and allowing deduction of bad debts written off in the normal course of banking business.

Taxpayer not required to prove irrecoverability for claiming bad debts written off from books: ITAT

The tribunal held that there was no misreporting or underreporting of income, and in such a case, the penalty under section 270A of the Act cannot be levied.

ITAT: Section 270A Penalty Cannot be Levied If AO Fails to Specify Misreporting Clause

It was observed that "plant and machinery” includes foundation and structural support. Therefore, the applicant was eligible for the ITC claim.

ITC Can be Claimed on Construction of Foundations and Structural Supports for Plant and Machinery: AAR

ITAT held that no penalty can be imposed under Section 271(1)(c) when the issue is legally debatable.

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

ITAT Delhi: AO Must First Issue Draft Assessment to Eligible Assessee Under Section 144C

Taxpayer not required to prove irrecoverability for claiming bad debts written off from books: ITAT

ITAT: Section 270A Penalty Cannot be Levied If AO Fails to Specify Misreporting Clause

ITC Can be Claimed on Construction of Foundations and Structural Supports for Plant and Machinery: AAR

Section 271(1)(c) Penalty Unsustainable When Matter Is Legally Arguable: ITAT