Judgement

Section 153C addition set aside; alleged cash component in property sale not proved through legally enforceable document

ITAT Deletes Rs. 58.5 Lakh “On-Money” Addition; Unsigned Agreement Held Inadmissible

Search-based 153A assessments partly sustained; protective addition held invalid in absence of substantive assessment

ITAT Restricts Bogus Purchase Addition to 5% GP; Deletes Protective Rebate & Discount Disallowance

News

The GSTN has introduced a new "Rejected Records" tab in IMS to help suppliers easily identify rejected documents.

GST Update: Separate Tab for Rejected Credit Notes Provided in Outward Invoice Management System

ITAT condoned a 56-day filing delay caused by staff oversight and granted relief by allowing the appeal of the assessee against a penalty order.

ITAT Condoned 56-Day Late Filing Due to Staff Lapse, Grants Relief to Power Company

Anil Ambani told the SC he is fully cooperating with the probe into the ADAG case and will appear before the ED on February 26.

Not a Flight Risk: Anil Ambani Promises Not to Leave India Without Court Approval

However, since the assessee did not produce the relevant details before the lower authorities, the tribunal remanded the case to the assessing officer to verify the relevant documents.

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ITAT Deletes Rs. 58.5 Lakh “On-Money” Addition; Unsigned Agreement Held Inadmissible

ITAT Restricts Bogus Purchase Addition to 5% GP; Deletes Protective Rebate & Discount Disallowance

GST Update: Separate Tab for Rejected Credit Notes Provided in Outward Invoice Management System

ITAT Condoned 56-Day Late Filing Due to Staff Lapse, Grants Relief to Power Company

Not a Flight Risk: Anil Ambani Promises Not to Leave India Without Court Approval

ITAT Remands Capital Gains Case to AO for Fresh Verification of Improvement Costs