Author: administrator
Merely because vendor could not produce evidence for original purchase of software sold to assesssee, the depreciation thereon could not be disallowed. In a recent judgment, ITAT Ahmedabad has held that merely because vendor could not produce the evidence for original purchase of software made by it, the …
Absence of documentary proof would not lead to conclusion that cash amount was not paid when the receiver has executed a promissory note – Supreme Court In a recent judgment, Hon’ble Supreme Court has held that absence of documentary proof would not lead to the conclusion that cash …
Addition u/s 69C towards alleged bogus purchase deleted due to failure of AO to bring on record any material/evidence for alleging such transactions. In a recent judgment, Kolkata ITAT has deleted addition made u/s 69C towards alleged bogus purchase due to failure of the AO to bring on …
Reopening on the allegation of non disclosure of illegal mining was quashed as Apex Court did not declare it illegal till the date of its decision In a recent judgment Hon’ble Supreme Court dismissed the SLP of the Revenue against the order of the High Court quashing reopening …
Order u/s 148A(d) set aside as sanctioning authority wrongly recorded that no response was filed in response to the notice issued u/s 148A(b). In a recent judgment, Hon’ble Calcutta High Court held that the order u/s 148A(d) was vitiated as the sanction granting authority had wrongly recorded that …
Supreme Court declines to entertain inordinate delay of seven/six years in filing appeal by shifting responsibility of delay on counsel- SLP dismissed In a recent judgment, Hon’ble Supreme Court dismissed the SLP against the judgment of the High Court upholding the ITAT order that shifting responsibility of delay …
When assessee is given immunity from disclosing chicken, can’t be asked to disclose eggs – ITAT deleted addition u/s 69A In a recent judgment, ITAT quashed addition u/s 69A towards interest income on money declared under IDS-2016 observing that when the assessee is given immunity not to disclose …
GST Council recommends changes in GST tax rates to provide relief to individuals, middle class and measures for facilitation of trade. Recommendations of the 56th Meeting of the GST Council held on 3rd September 2025 – There is no change in threshold of the registration required for goods …
Order passed by NFAC quashed as section 151A of e-assessment of income escaping assessment scheme 2022 had not commenced at the time of issuance of notice In A recent judgment, ITAT Guwahati quashed order passed by NFAC as the provisions of Section 151A had not come into operation …
CBDT extends eligible period of investment under section 10(23FE) in view of the provisions of the Finance Act 2025 CBDT vide Circular No. 9/2022 dated 09.05.2022 prescribed guidelines under clause (23FE) of section 10 of the Income-tax Act, 1961 (the Act). The section 10(23FE) provides exemption to wholly …
