NCLT Mumbai held that resolution plan for Corporate Debtor as submitted by M/s. West End Investment and Finance Consultancy P ...

ITAT held that funds from earlier years and IDS disclosures cannot justify cash deposits made in a later year without proper ...

ITAT Mumbai held that when sales and stock figures are accepted, entire purchases cannot be treated as bogus. Only the profit element at 3% is taxable, following consistent judicial ...

ITAT condoned a significant seven-year delay in filing an appeal, recognizing assessee's status as an NRI and his lack of awareness of assessment order as a bona fide cause. This ruling affirms the ...

ITAT Mumbai allowed deduction of interest expenditure, emphasizing that as long as there is a nexus between the borrowing and ...

The Uttarakhand High Court set aside a GST assessment order, ruling that the revenue authority's scheduling of a personal ...

ITAT Ahmedabad deleted an addition made due to a minor difference between a firm's VAT returns and its books of account. Tribunal ruled that variation was a legitimate bookkeeping consequence of ...

The ITAT Rajkot set aside reassessment proceedings initiated under Section 148 against a firm that had previously converted into a private limited company. The Tribunal held that a notice issued in ...

NCLT Kochi orders liquidation of the Corporate Debtor [M/s. Malayalam Vehicles India Pvt. Ltd.] as duly approved by CoC and Resolution Professional of Corporate Debtor appointed as Liquidator to carry ...

ITAT Mumbai held that reopening of assessment under section 147 of the Income Tax Act impermissible since based solely on change of opinion without any new tangible material. Further, even on merits ...

A valid Chartered Accountant certificate was sufficient to discharge the burden of proving that the incidence of 4% SAD was not passed on to customers and discharge the statutory presumption of unjust ...

Tribunal remanded matter for a de novo assessment after noting that Assessing Officer passed an ex parte order without examining ownership and consideration details in a capital gains ...