News

Digisol Systems, a material subsidiary of Smartlink Holdings, has received a Rs 1.76 crore GST SCN over FY 2022-23 return discrepancies, including excess outward tax and unverified ITC.

Digisol Systems Receives Rs 1.76 Crore GST Show Cause Notice Over Excess ITC Availment, Return Discrepancies

Karnataka tax authorities have dropped the entire Rs 94 crore demand against H.G. Infra Engineering, closing the SCN proceedings with NIL tax, interest and penalty.

H.G. Infra Engineering Wins Major GST Relief as Karnataka Tax Authority Drops Entire Rs 94 Crore Demand

Judgement

ITAT remands the Rs 59.84 lakh LTCG assessment to the AO for fresh adjudication and restores the related Section 271(1)(c) penalty proceedings.

ITAT Sets Aside Rs 59.84 Lakh LTCG Addition, Orders De Novo Assessment

The ITAT Mumbai held that penalty cannot survive when underlying Transfer Pricing Adjustment was set aside for fresh adjudication.



ITAT Quashes Section 271(1)(c) Penalty as Transfer Pricing Adjustment Was Remanded

ITAT reduced Rs 30,000 penalty for non-compliance with three income tax notices to Rs 10,000, considering her subsequent cooperation and absence of additions to returned income.

ITAT Cuts Section 272A(1)(d) Penalty From Rs 30,000 to Rs 10,000 for Income Tax Notice Default After Assessee Cooperates in Assessment

ITAT grants a 61-year-old cancer patient a fresh opportunity to contest her tax case, setting aside the NFAC order and restoring the matter to the Assessing Officer.

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Digisol Systems Receives Rs 1.76 Crore GST Show Cause Notice Over Excess ITC Availment, Return Discrepancies

H.G. Infra Engineering Wins Major GST Relief as Karnataka Tax Authority Drops Entire Rs 94 Crore Demand

ITAT Sets Aside Rs 59.84 Lakh LTCG Addition, Orders De Novo Assessment

ITAT Quashes Section 271(1)(c) Penalty as Transfer Pricing Adjustment Was Remanded

ITAT Cuts Section 272A(1)(d) Penalty From Rs 30,000 to Rs 10,000 for Income Tax Notice Default After Assessee Cooperates in Assessment

ITAT Grants Fresh Hearing to 61-Year-Old Cancer Patient, Sets Aside NFAC Order and Restores Income Tax Case to Assessing Officer