Reassessment Quashed: Key Points and Impact
ITAT Quashes Reassessment Notice, Ruling in Favour of Assessee The Income Tax Appellate Tribunal (ITAT) has delivered a significant ruling in favour of an assessee, quashing a…
TAXATION UPDATES
ITAT Reverses PF/ESI Delay Disallowance of ₹11.57 Lakh
ITAT Reverses PF/ESI Delay Disallowance of ₹11.57 Lakh The Income Tax Appellate Tribunal, Pune Bench, has reversed the disallowance of ₹11.57 lakh made by the CPC for alleged…
Jute Mill Directors Face Prosecution for Cheating Allegations
Jute Mill Directors Face Prosecution for Cheating Allegations The Calcutta High Court has dismissed a revisional application filed by a jute mill and its directors, paving the…
Taxing Composite Contracts Involving Supply of Materials
Taxing Composite Contracts Involving Supply of Materials: A Ruling in Favor of Public Sector Undertakings The recent CESTAT Kolkata order has brought relief to public sector…
ITAT Deletes Additions in Penny Stock Transactions
ITAT Sets Precedent in Penny Stock Transactions The Income Tax Appellate Tribunal (ITAT) has delivered a significant ruling, deleting additions made under Section 69A in alleged…
Delayed Service Tax Refund Application Dismissed for
When reading Delayed Service Tax Refund Application Dismissed for , the important part is to keep the core facts intact while presenting the context in a clearer way for…
State Can’t Reclaim Lands After Decades of Third-Party Rights
State Cannot Reclaim Lands After Decades of Third-Party Rights The Supreme Court has delivered a landmark judgment, emphasizing the importance of respecting third-party rights…
Gujarat HC Cancels CIT’s Order Rejecting Delay Condonation
Gujarat HC Cancels CIT’s Order Rejecting Delay Condonation The Gujarat High Court has made a significant ruling in favor of a charitable trust, canceling the Commissioner of…
Revenue Records Trump Tribunal’s Ruling on Land Classification
Revenue Records Trump Tribunal’s Ruling on Land Classification The recent Madras High Court ruling has significant implications for land classification and taxation in India….
Gujarat High Court Quashes Reopening of Income Tax Assessment
Gujarat High Court Quashes Reopening of Income Tax Assessment The Gujarat High Court has made a significant ruling in a case involving the reopening of an income tax assessment….