Judgement

Gujarat AAR held that ITC on goods and services used for warehouse construction is not admissible due to Section 17(5) blockage, as amended by the Finance Act, 2025, overriding the Safari Retreats ruling.

Gujarat AAR Denies ITC on Warehouse Construction After Finance Act, 2025 Amendment

Explaining the ‘Nature and Source’ of Jewellery to the Assessing Officer Is a Mandatory Pre-Condition for Release

Delhi HC Rules: Seized Gold Is Not Automatically Returnable After 120 Days

ITAT upheld the addition of Rs. 8 lakh as unexplained cash deposits made during the demonetisation period due to failure to prove the source.

ITAT Upholds Rs. 8 Lakh Demonetisation Cash Deposit Addition for Failure to Explain Source

The ITAT, after reviewing the case, found no valid justification for the cash deposits, and the addition of Rs. 8 lakhs  was upheld.

ITAT Dismisses Appeal in Cash Deposit Case, Upholds Rs. 8 Lakh Addition

ITAT held that reassessment based solely on third-party Insight Portal information, without independent verification and despite full disclosure by the assessee, is invalid in law and liable to be quashed.

ITAT Held Reassessment Based on Third-Party Information and Borrowed Satisfaction as Invalid

The Tribunal said that the case require further verification, and remanded the case back to the CIT(A).

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Gujarat AAR Denies ITC on Warehouse Construction After Finance Act, 2025 Amendment

Delhi HC Rules: Seized Gold Is Not Automatically Returnable After 120 Days

ITAT Upholds Rs. 8 Lakh Demonetisation Cash Deposit Addition for Failure to Explain Source

ITAT Dismisses Appeal in Cash Deposit Case, Upholds Rs. 8 Lakh Addition

ITAT Held Reassessment Based on Third-Party Information and Borrowed Satisfaction as Invalid

ITAT Partly Allows Appeal Citing Need for Detailed Verification in Cash Deposit Transaction