News

Diligent Media has received a CGST SCN proposing a Rs 1.08 crore ITC recovery and an additional Rs 4.90 lakh demand for short payment of outward tax liability.


Diligent Media Corporation Faces Rs 1.12 Crore GST Demand Over ITC Claimed From Ab Initio Cancelled Vendor

A 71-year-old woman from Krishnagiri has alleged that her Aadhaar and PAN details were misused to create a fake GST registration, resulting in Rs 2.53 crore in tax dues and the freezing of her bank account.

Rs 2.53 Crore GST Fraud: 71-Year-Old Woman Says Aadhaar, PAN Were Misused

Judgement

The ITAT held that AO cannot treat entire bank deposits as Income without examining business records.

ITAT Remands Rs 1.36 Crore Cash Deposit Addition for Fresh Assessment

The ITAT Bangalore ruled revisionary order is issued after expiry of statutory limitation.

ITAT Quashes Section 263 Revision as Time-Barred

ITAT allows Rs 15.64 lakh deduction under Section 80P(2)(a)(i), holding that registration under the Souharda Act and the presence of nominal members do not bar the deduction.

ITAT Grants Rs 15.64 Lakh Tax Deduction to Cooperative Society Under Section 80P(2)(a)(i)

ITAT Pune has upheld a Rs 4.50 lakh addition under Section 69A after the assessee failed to prove the source of cash deposits made in his HDFC Bank account

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Diligent Media Corporation Faces Rs 1.12 Crore GST Demand Over ITC Claimed From Ab Initio Cancelled Vendor

Rs 2.53 Crore GST Fraud: 71-Year-Old Woman Says Aadhaar, PAN Were Misused

ITAT Remands Rs 1.36 Crore Cash Deposit Addition for Fresh Assessment

ITAT Quashes Section 263 Revision as Time-Barred

ITAT Grants Rs 15.64 Lakh Tax Deduction to Cooperative Society Under Section 80P(2)(a)(i)

ITAT Rejects Appeal, Confirms Rs 4.50 Lakh Addition as Unexplained Cash After Assessee Fails to Prove Source of Deposits