Judgement

The tax authority tried to impose a retroactive penalty on a hospital for using funds within a legally allowed six-year period that was later shortened.

Protecting Charitable Funds from Retrospective Tax Rules: ITAT

Rs 7.96 Cr addition was cut to Rs 24.18 L based on fresh evidence, but it was accepted without the AO’s review. Court held this violated Rule 46A and due process.

Big Tax Dispute: Rs 7.96 Cr Addition Slashed After New Evidence, But Rule 46A Ignored by AO

ITAT Mumbai held that reassessment under Sections 147/148 was invalid as it was based on issues already decided in favour of the assessee. The ₹12.83 crore capital gains addition was deleted since no conversion or sale took place.

ITAT Mumbai Rejects Reopening and  Deletes ₹12.83 Cr Capital Gains Addition

ITAT Mumbai Rejects Reopening and Deletes Rs 12.83 Cr Capital Gains Addition

ITAT Quashes Assumption-Based Additions; Holds Tax Additions Are Unjustified Without Solid Evidence

News

Alkem Laboratories Limited reported a Rs 333.38 crore tax demand for AY 2023-24 and will file an appeal

Alkem Laboratories Receives Rs 333.38 Crore Tax Demand for AY 2023-24, Plans to Appeal

kolkata High Court allows Graphite India’s appeal, holding SEB tariff valid for 80-IA, subsidy as capital receipt, and MAT exclusion justified.

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Protecting Charitable Funds from Retrospective Tax Rules: ITAT

Big Tax Dispute: Rs 7.96 Cr Addition Slashed After New Evidence, But Rule 46A Ignored by AO

ITAT Mumbai Rejects Reopening and Deletes Rs 12.83 Cr Capital Gains Addition

ITAT Quashes Assumption-Based Additions; Holds Tax Additions Are Unjustified Without Solid Evidence

Alkem Laboratories Receives Rs 333.38 Crore Tax Demand for AY 2023-24, Plans to Appeal

Sales tax subsidy for industrial expansion in backward areas is capital receipt: High Court