Category: Judgments
There is no legal provision which compels a person to necessarily deposit/invest the cash available in hand – ITAT In A recent judgment, ITAT Jabalpur has held that there is no legal provision which compels a person to necessarily deposit/invest the cash available in hand in bank. Keeping …
ITAT deleted addition of undisclosed income made solely on the basis of WhatsApp chat message In a recent judgment, ITAT Ahmedabad deleted addition made solely on the basis of WhatsApp chat message on account of undisclosed income being unaccounted cash received as ‘on-money’ on sale of land. ABCAUS …
On omission/repeal of Rules 89(4B) and 96(10) of the CGST Rules, all pending proceedings were not preserved and will stand lapsed. In a recent judgment, Bombay High Court held that following the omission/repeal of Rules 89(4B) and 96(10) of the CGST Rules. in the absence of any saving …
Omission in mentioning name of lender in the audit report no basis to discard cogent documentary evidence – ITAT In a recent judgment, ITAT Agra has held that any omission in mentioning the name of lender/payee in the tax audit report cannot be made basis to discard assessee’s …
In deciding the authenticity of agricultural income, certificate from the Tahsildar and expert report cannot be ignored in preference to unverified Google Earth Pro images – ITAT In a recent judgment, ITAT Chennai has held that in deciding the agricultural income, the authenticated documents such as the certificate …
Case remanded as assessee belonged to tribe and his income was exempt u/s 10(26) and he did not get opportunity to explain his case. In a recent case, ITAT Guwahati remitted the case to Assessing Officer as the assessee was a resident Tribe of Arunachal and his income …
Loss of jewellery seized and kept in bank custody amounts to loss by Income Tax Authorities and payment of said jewellery has to be made by the Income Tax Authorities. In a recent judgment, Hon’ble High Court has held that the loss of jewellery seized by Income Tax …
Assessing Officer to give list of judgments he wish to rely in taking an adverse view against the assessee. In a recent judgment, the Hon’ble Rajasthan High Court remanded the case and directed that if Assessing Officer is going to rely on any judicial pronouncement of any Court …
A mere error in exercise of jurisdiction would not vitiate the legality and validity of the proceedings and the said order was valid unless set aside In a recent judgment, Hon’ble Orrisa High Court has declined to invoke extraordinary jurisdiction against the revision order passed under State Sales …
Writ petitions not to be entertained in cases of alleged fraudulent availment of ITC – Supreme Court dismissed SLP of the company In a recent case, the Hon’ble Supreme Court dismissed Special Leave Petition (SLP) of the company alleged of fraudulent availment of ITC against the judgment of …
