ITAT Delhi held that incentives in the form of excise duty refund, sales tax remission, sales/ VAT input tax refund received ...

Ltd., has ruled that cash deposits made during the demonetization period, which are duly recorded in the assessee’s books of account, cannot be treated as unexplained money under Section 69A of the ...

ITAT Rajkot held that the reassessment notice under section 148 of the Income Tax Act has been issued without obtaining the ...

4. The contention of the petitioner was that, liquid Carbon Dioxide falls within Entry-100 (190) in Schedule-IV of the VAT ...

Income Tax Appellate Tribunal (ITAT), Delhi bench, has registered the dismissal of an appeal filed by Flovel Energy Pvt. Ltd. for the assessment year 2017-18. The action was taken by the tribunal ...

Allahabad High Court has ruled that circulars issued by the Goods and Services Tax (GST) Council are binding on the tax department. The court quashed demand orders issued against Krishna ...

The core of the petitioner’s argument before the High Court was that a notice under Section 46 is a prerequisite for initiating assessment proceedings under Section 62. Without this prior notice and ...

Despite this intimation, the tax department continued to issue notices and subsequently passed a demand order on February 26, 2025, all in the name of the deceased individual. One of the legal heirs, ...

Bombay High Court recently set aside an income tax assessment order and remanded the case back to the assessing officer after the Income Tax Department admitted to a “bonafide error” in not granting a ...

The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has set aside penalty orders issued against G.D. Goenka Pvt. Ltd. for as ...

Given the trust’s failure to provide any explanation for its non-compliance, the ITAT decided to impose a cost of Rs. 5,000 on the trust. The trust is required to pay this amount to the Income Tax ...

Delhi High Court has dismissed an appeal filed by the Principal Commissioner of Income Tax (PCIT) against an order of the Income Tax Appellate Tribunal (ITAT) concerning the assessment of Punjab & ...