Judgement

Court Grants Fresh Opportunity to File Reply and Hearing in GST Case, Subject to Outcome of Supreme Court on Validity of Notification No. 56/2023

Delhi HC Sets Aside Ex-Parte GST Demand; Remands Matter Amid Pending SC Challenge

Reopening the assessment after several years without new proof was held to be unfair and invalid, says ITAT.

Validity of Notice u/s 148: ITAT Quashes Reassessment for Lack of New Evidence

ITAT deletes Rs. 1.05 crore unsecured loan addition under Section 68 and reduces expense disallowance, holding that suspicion without proper inquiry by the AO cannot justify additions.

 ITAT Deletes Section 68 Addition for Lack of AO Inquiry; No ‘Source of Source’ Required Before AY 2023-24

Revenue Appeals Partly Allowed, Licence Fee Amortisable u/s 35ABB; SUC, KYC Penalties and Distributor Discounts Allowed

ITAT: Spectrum Charges Revenue in Nature, Licence Fees Capital per SC

ITAT: Spectrum Charges Revenue in Nature, Licence Fees Capital per Supreme Court

ITAT Ahmedabad allowed appeal and directed grant of ten-year registration to charitable trust

ITAT Allows Ten-Year Trust Registration After Finance Act 2025 Amendment

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There has been no change introduced to the Companies Act to exempt small companies from audit requirement.

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Delhi HC Sets Aside Ex-Parte GST Demand; Remands Matter Amid Pending SC Challenge

Validity of Notice u/s 148: ITAT Quashes Reassessment for Lack of New Evidence

ITAT Deletes Section 68 Addition for Lack of AO Inquiry; No ‘Source of Source’ Required Before AY 2023-24

ITAT: Spectrum Charges Revenue in Nature, Licence Fees Capital per Supreme Court

ITAT Allows Ten-Year Trust Registration After Finance Act 2025 Amendment

No Audit Exemption for Small Companies: ICAI Acts Against Rumors