The article highlights how aggressive GST actions impact genuine businesses. The key takeaway is the need for...
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The Tribunal noted that statements relied upon were later retracted and lacked corroboration. It held that such...
Reassessment Quashed for Lack of Jurisdiction – AO Became Functus Officio After Section 127 Transfer
Reassessment Quashed for Lack of Jurisdiction – AO Became Functus Officio After Section 127 Transfer
The issue was whether reassessment initiated by a non-jurisdictional AO is valid. The tribunal held that proceedings...
The Tribunal noted that loans were part of regular business transactions with repayments in the same year....
The issue was whether entire purchases can be disallowed as bogus under Section 69C. The tribunal held...
Consistency over technicalities: ITAT Mumbai allowed actuarial pension provision as an ascertained liability, rejected mechanical disallowances, and...
The Court ruled that ITC on GIDC charges is allowable where no construction is involved. It also...
The court held that an adjudication order passed without considering the taxpayer’s reply is unsustainable. It remitted...
The Court held that a single show cause notice covering multiple assessment years is not legally sustainable....
The ruling highlights that ignoring a taxpayer’s additional reply and request for hearing renders the order unsustainable....