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ITAT Mumbai Rules Uncorroborated Excel Data Invalid for Income Tax Additions
ITAT Mumbai rules that uncorroborated Excel data cannot sustain tax additions, deleting major additions on presumptive loans and debtor entries.
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Gujarat High Court Rules Section 115JB MAT Inapplicable to National Dairy Development Board
Gujarat High Court dismisses Revenue appeals for AYs 2010-14, ruling that Minimum Alternate Tax under Section 115JB does not apply to the National Dairy Development Board.
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ITAT Hyderabad Rules Incorporation Date Cannot Be Replaced by Business Commencement for Section 54GB
ITAT Hyderabad denies Section 54GB tax exemption, ruling that a company must be formally incorporated within the statutory period, not just commence business.
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CESTAT Delhi Rules Address Change Failure Does Not Warrant Customs Broker Licence Revocation
CESTAT New Delhi ruled that failing to intimate an address change does not justify customs broker licence revocation, adjusting penalties instead.
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NCLT Hyderabad Rules Pending Fraud Proceedings Do Not Block Resolution Plan Approval
Discover how NCLT Hyderabad ruled that pending fraud proceedings cannot block the approval of a corporate resolution plan.
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NCLAT Quashes ED and CBI Notices Over Section 213(b) Non-Compliance
Learn how the NCLAT set aside ED and CBI notices, ruling that Section 213(b) satisfaction and prior hearings are mandatory before investigations.
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Supreme Court Upholds Section 10B Exemption for New EOU in Landmark Ruling
Learn how the Supreme Court dismissed the Revenue's SLP and upheld the Bombay High Court ruling allowing Section 10B exemption for a new EOU.
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ITAT Hyderabad Invalidates Section 148 Notice Issued on 1 April 2021
ITAT Hyderabad quashes reassessment for AY 2016-17, ruling that a Section 148 notice issued on 1 April 2021 is invalid under the new tax regime.
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Telangana High Court Quashes Income Tax Reassessment Notices Issued After March 31 2021
The Telangana High Court has ruled that Section 148 income tax reassessment notices dispatched on or after April 1 2021 are time-barred and invalid.
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Karnataka High Court Rules Multiple Dishonoured Cheques Can Be Filed in Single Complaint
Learn about the Karnataka High Court ruling stating multiple dishonoured cheques from the same cause of action can be covered in one single legal complaint.