Judgement

Court limits addition to seized cash, rejects inflated amount based on inconsistent assessment approach

High Court Limits Section 69A Addition to Actual Cash Seized

The Karnataka High Court ruled that ITC claims cannot be denied if returns were filed within the extended deadline under Section 16(5) of the CGST Act. The Court set aside the rejection order and directed fresh reconsideration.

ITC Claim Valid Despite Delay: Karnataka High Court Applies CGST Section 16(5) Amendment

News

Clean Max Enviro Energy Solutions Ltd told the stock exchange that it has received a Rs 6.77 crore income tax demand for AY 2023-24 and plans to appeal the assessment order.

Clean Max Enviro Receives Rs 6.77 Crore Income Tax Demand, Plans to Appeal

The ITAT quashed the reassessment under Section 147, holding that when no addition is made on the recorded reason for reopening, the AO cannot make additions on unrelated issues.

Reopening Under Section 147 Invalid If No Addition on Original Ground: ITAT Ahmedabad

A cooperative housing society filed its tax return late and sought deductions on interest income, leading to a dispute with tax authorities over taxability and eligibility.

Can Housing Societies Deduct Maintenance Costs from Their Bank Interest?

Mumbai Tribunal invalidates 153C proceedings as seized documents lacked nexus with assessee’s income.

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High Court Limits Section 69A Addition to Actual Cash Seized

ITC Claim Valid Despite Delay: Karnataka High Court Applies CGST Section 16(5) Amendment

Clean Max Enviro Receives Rs 6.77 Crore Income Tax Demand, Plans to Appeal

Reopening Under Section 147 Invalid If No Addition on Original Ground: ITAT Ahmedabad

Can Housing Societies Deduct Maintenance Costs from Their Bank Interest?

ITAT on Digital Evidence: Truecaller & WhatsApp Chats Not Sufficient Without Corroboration