Judgement

Tribunal holds NBFC was engaged in genuine lending activity and not a paper entry provider

Registered NBFC Can’t Be Treated as Accommodation Entry Provider: ITAT

HC upholds reliance on NABL-accredited private lab reports for determining Fe content in iron ore exports made prior to the 2022 amendment.

Orissa HC Rejects Revenue’s Appeal on Iron Ore Export Duty Based on CRCL Test

Tribunal held the reassessment invalid because the income tax department failed to issue the notice through the correct officer.

Reassessment Declared Invalid Because Notice Was Issued Without Proper Authority: ITAT

The High Court criticised the Income Tax Department's re-initiation of the assessment proceedings, calling it arbitrary and unconstitutional.

Delhi High Court Quashes Tax Reassessment on NDTV Promoters Radhika and Prannoy Roy

ITAT held that once an NCLT-approved resolution plan is in force under the IBC, income-tax proceedings cannot continue.

Once Insolvency Plan Is Approved, Income Tax Proceedings Cannot Continue: ITAT

ITAT reduces the demonetisation cash addition from Rs. 2.26 crore to Rs. 2 lakh and held that normal tax provisions, not section 115BBE, apply for AY 2017-18.

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Registered NBFC Can’t Be Treated as Accommodation Entry Provider: ITAT

Orissa HC Rejects Revenue’s Appeal on Iron Ore Export Duty Based on CRCL Test

Reassessment Declared Invalid Because Notice Was Issued Without Proper Authority: ITAT

Delhi High Court Quashes Tax Reassessment on NDTV Promoters Radhika and Prannoy Roy

Once Insolvency Plan Is Approved, Income Tax Proceedings Cannot Continue: ITAT

ITAT Reduces Demonetisation Cash Addition from Rs. 2.26 Crore to Rs. 2 Lakh; Section 115BBE Ruled Out