The High Court ruled that reopening under Sections 147 and 148 was unsustainable because the Assessing Officer’s reasons amounted only to suspicion and not a valid reason to believe income had escaped ...

The Supreme Court dismissed an SLP challenging the Telangana High Court’s refusal to entertain a GST writ petition. The Court found no reason to interfere with the High Court’s reliance on the Glaxo ...

The Jodhpur ITAT condoned a 30-day delay in filing an income tax appeal after holding that the delay fell within the Supreme Court’s COVID-19 limitation exemption period. The matter was remanded to ...

The Supreme Court dismissed the Revenue’s SLP after the Calcutta High Court upheld the ITAT finding that reassessment proceedings were invalid as the AO had only suspicion and no valid reason to ...

ITAT Surat restored reassessment appeals to the CIT(A) after observing that the assessee should receive one final opportunity to present evidence. The Tribunal imposed costs due to partial compliance ...

The Calcutta High Court held that the assessing officer misconstrued CBDT Circular No. 11 of 2024 while rejecting carry forward of loss due to a seven-day filing delay. The Court directed the ...

The Tribunal held that the first appellate authority should reconsider the matter after the jurisdictional High Court decides pending cases concerning alleged bogus purchase bills by rice ...

Lucknow ITAT held that disallowance under Section 14A read with Rule 8D cannot exceed the exempt dividend income earned by the assessee. The Tribunal restricted the addition to the actual exempt ...

The courts upheld LTCG exemption under Section 10(38) after finding that the Revenue failed to produce evidence linking the assessee to alleged penny stock manipulation. Documentary records, banking ...

The new customs notifications standardize the effective import duty on gold and silver bullion at 15% through revised BCD, SWS, and AIDC ...

The outward tax figures that flow from GSTR‑1 to GSTR‑3B should be non‑editable, except through proper amendment routes (like GSTR‑1 amendment tables or a GSTR‑1A‑type mechanism). If a supplier has to ...

Gujarat AAR held that ITC on construction of a concrete VCV tower used for EHV cable manufacturing is admissible because the ...