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ITAT Mumbai Quashes Rs 63 Crore Black Money Act Assessment Over Invalid Notice
ITAT Mumbai sets aside a Rs 63.12 crore Black Money Act assessment for the 2018-19 assessment year due to an invalid Section 10 notice.
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Madras High Court Rules Section 63 Assessment Mandatory Before GST Recovery
Madras HC sets aside Section 74 notice for an unregistered school, ruling that a proper Section 63 assessment is required prior to GST recovery proceedings.
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Madras High Court Rules GST Cannot Be Levied on Projected Revenue Before Construction
Madras HC rules that Goods and Services Tax cannot be imposed on projected revenue prior to construction. Read about the court order and fresh assessment.
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ITAT Patna Overturns Arbitrary 50 Percent Cash Addition in Tax Appeal
Learn how ITAT Patna set aside an arbitrary 50 percent cash addition and mandated thorough cash book verification for accurate tax assessments.
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ITAT Mumbai Rules Interest Deduction Cannot Be Denied Solely Based on Book Entries
ITAT Mumbai holds that legitimate interest deductions cannot be rejected merely as book entries, directing the Assessing Officer to verify claims properly.
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ITAT Kolkata Remands Section 69A Addition on Human Hair Trading Receipts
ITAT Kolkata restores a Section 69A bank deposit addition for a fresh hearing, ruling that business receipts require proper examination of expenses.
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Gujarat High Court Rules Against Reassessment of Income Already Taxed in Amalgamated Company
Gujarat HC quashes Section 148 notice, ruling that income of 1.40 crore already assessed in an amalgamated company cannot face reassessment.
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ITAT Surat Rules on Year-Wise Taxation for On-Money Flat Transfers
Discover the ITAT Surat ruling allowing year-wise taxation of on-money from flat sales, subject to verification and formal undertakings.
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Bombay High Court Rules Audit Objections Cannot Reopen Assessed Tax Issues
The Bombay High Court held that tax assessments cannot be reopened via Section 148 based on audit objections for matters already examined by the assessing officer.
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ITAT Delhi Rules Additions Beyond Limited Scrutiny Scope Unsustainable Without Prior Approval
ITAT Delhi rules that tax authorities cannot make additions beyond limited scrutiny scope without proper complete scrutiny approval, protecting taxpayers.