News

ED has arrested two individuals in connection with a Rs 734 crore fake GST ITC fraud involving 135 bogus companies and invoices exceeding Rs 5,000 crore.

ED Arrests Two in Rs 734 Crore Fake GST ITC Fraud Case Involving 135 Bogus Firms

Judgement

ITAT sets aside the ex parte CIT(A) order and grants Vanitha a fresh opportunity to explain the source of Rs 52.59 lakh cash deposits and contest the additions on merits.

ITAT Sets Aside Ex Parte CIT(A) Order, Gives Assessee One More Opportunity to Prove Source of Rs 52.59 Lakh Cash Deposits

Pune ITAT condoned the over two-year delay and remanded the Rs 1.30 crore property sale tax dispute to the CIT(A) for fresh consideration.

ITAT Condones Over Two-Year Delay, Gives Taxpayer Fresh Opportunity to Contest Rs 1.30 Crore Property Sale Addition

Skipper Limited has disclosed a rectified GST SCN proposing a demand of Rs 40.95 crore, reduced from the original Rs 227.53 crore, which the company says is erroneous and legally unsustainable.

Skipper Limited Faces Rs 40.95 Crore GST Demand After Rectification of Rs 227.53 Crore SCN; Company Plans to Contest

Snowman Logistics receives a Rs 2,06,56,802 income tax penalty demand for FY24 and plans to challenge the order through an appeal.

Snowman Logistics Receives Rs 2.06 Crore Income Tax Demand for FY24, Plans to Challenge Penalty Order

Supreme Court held that CBDT circulars and instructions may bind Income Tax Department officials but cannot dictate how courts interpret the Income Tax Act.

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ED Arrests Two in Rs 734 Crore Fake GST ITC Fraud Case Involving 135 Bogus Firms

ITAT Sets Aside Ex Parte CIT(A) Order, Gives Assessee One More Opportunity to Prove Source of Rs 52.59 Lakh Cash Deposits

ITAT Condones Over Two-Year Delay, Gives Taxpayer Fresh Opportunity to Contest Rs 1.30 Crore Property Sale Addition

Skipper Limited Faces Rs 40.95 Crore GST Demand After Rectification of Rs 227.53 Crore SCN; Company Plans to Contest

Snowman Logistics Receives Rs 2.06 Crore Income Tax Demand for FY24, Plans to Challenge Penalty Order

CBDT Circulars and Instructions Cannot Bind Courts on Income Tax Act Interpretation, Holds Supreme Court