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Income Tax Dept. has no Material to Prove Existence of Order under “View Notices and Orders” on Portal: Allahabad HC Allows Assessee to Treat SCN as Final Notice [Read Order]

The Allahabad High Court recently granted relief to an assessee, ruling that the Income Tax Department had no material to establish that the impugned...

Education Consultant Services to Foreign Universities Qualify as Export, Not Intermediary Services:...

Styrene-Butadiene Copolymer to Be Classified as ‘Polymers of Styrene’, Not Synthetic Rubber: CESTAT...

Allahabad HC Quashes GST Orders for Not Granting Proper Hearing Prior to S.73 Order [Read Order]

Section 50C Income Tax Addition Not Applicable When Registered Sale Agreement Precedes Circle Rate...

Service of GST Notices via Email: Allahabad HC Finds Service Valid, Dismisses Petition Citing Alternate Remedy [Read Order]

The High Court of Allahabad, upheld the validity of Goods and Service Tax (GST) notice served via email and dismissed the petition, citing availability of alternate remedy through appeal under ...

Unexplained 33- Fold Share Price Increase: ITAT Upholds ₹80.17 Lakh Bogus LTCG Addition u/s 68 [Read Order]

The Agra Bench of the Income Tax Appellate Tribunal (ITAT) has upheld the Assessing Officer’s (AO) addition of Rs. 80,17,339 as bogus long-term capital gain (LTCG) under Section 68 of the Income ...

GST Order Invalid if SCN Issued Only via Portal After Registration Cancellation: Allahabad HC [Read Order]

In a recent ruling, the Allahabad High Court held that a GST assessment order is invalid if a show cause notice is issued only through the GST portal after the taxpayer’s registration has been...

In Absence of Concrete Material Revision u/s 263 of Income Tax Act Not Possible on Assessment Based on DVO's Valuation: Kerala HC [Read Order]

The Kerala High Court ruled that, in the absence of tangible evidence, an assessment based on the Department Valuation Officer's (DVO) valuation cannot be changed under Section 263 of the Income Tax...

ITAT Deletes ₹52.91 Lakh Unexplained Investment Addition on Land Purchase Due to Unreliable Draft MOU Evidence [Read Order]

The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) deleted an addition of Rs. 52,91,053 made by the Assessing Officer ( AO ) as unexplained investment under Section 69 and ruled that...

Taxpayer Can Raise Additional Claims Before Appellate Authorities: ITAT Allows ₹4.90 Cr ESOP claim [Read Order]

The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) allowed a deduction of Rs. 4,90,35,650 for Employee Stock Option Plans (ESOPs) expenses, including an additional claim of Rs. ...

Relief for Aditya Birla: ITAT Rules Disallowance u/s 40(a) Cannot Be Retaxed if Provision Reversed in Subsequent Year [Read Order]

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) ruled that disallowance under Section 40(a) for earlier years cannot be added back again when the entire provision has been reversed in a...

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