MCA to Launch Final Set of 38 Company Forms on 14th July, Portal Downtime Announced
The Ministry of Corporate Affairs ( MCA ) has announced that it will launch the final set of 38 Company Forms under the revamped MCA21 V3 portal on ...
![AA Cannot Tax Entire Disputed Purchase Transactions as Bogus: Gujarat HC Limits Income Tax Addition to 6% [Read Order]](https://images.taxscan.in/h-upload/2025/07/09/250x150_2062082-aa-tax-entire-disputed-purchase-transactions-bogus-gujarat-hc-income-tax-addition-taxscan.jfif "AA Cannot Tax Entire Disputed Purchase Transactions as Bogus: Gujarat HC Limits Income Tax Addition to 6% [Read Order]")
NHAI Grant Not Deductible from Project Cost: ITAT Upholds Deletion of ₹43.43 Crore Depreciation Disallowance [Read Order]
The Hyderabad Bench of the Income Tax Appellate Tribunal ( ITAT ) has upheld deletion of the disallowance of Rs. 43.43 crore as depreciation and confirmed that the Rs. 38.40 crore grant received...
![NHAI Grant Not Deductible from Project Cost: ITAT Upholds Deletion of ₹43.43 Crore Depreciation Disallowance [Read Order]](https://images.taxscan.in/h-upload/2025/07/09/500x300_2062044-itat-hyderabad-disallowance-taxscan.webp "NHAI Grant Not Deductible from Project Cost: ITAT Upholds Deletion of ₹43.43 Crore Depreciation Disallowance [Read Order]")
No Independent Evidentiary Value For Statement Recorded u/s 133A During Survey: ITAT Deletes ₹9.6 Crore Bogus Purchases Addition [Read Order]
The Chandigarh Bench of the Income Tax Appellate Tribunal ( ITAT ) held that a statement recorded under Section 133A during a survey lacked independent evidentiary value and upheld the deletion of...
![No Independent Evidentiary Value For Statement Recorded u/s 133A During Survey: ITAT Deletes ₹9.6 Crore Bogus Purchases Addition [Read Order]](https://images.taxscan.in/h-upload/2025/07/09/500x300_2062039-no-independent-evidentiary-value-independent-evidentiary-value-evidentiary-value-for-statement-recorded-taxscan.webp "No Independent Evidentiary Value For Statement Recorded u/s 133A During Survey: ITAT Deletes ₹9.6 Crore Bogus Purchases Addition [Read Order]")
Failure to Send Income Tax Notices to Updated Email Address Denies Fair Hearing: Karnataka HC Quashes Assessment Order [Read Order]
The High Court of Karnataka, quashed an income tax assessment order, holding that the department’s failure to send notices to the petitioner’s updated email address denied a fair hearing. Suresh...
![Failure to Send Income Tax Notices to Updated Email Address Denies Fair Hearing: Karnataka HC Quashes Assessment Order [Read Order]](https://images.taxscan.in/h-upload/2025/07/09/500x300_2062019-failure-to-send-income-tax-notices-income-tax-notices-income-tax-taxscan.webp "Failure to Send Income Tax Notices to Updated Email Address Denies Fair Hearing: Karnataka HC Quashes Assessment Order [Read Order]")
AO Not Required to Record Categorical Finding For Income Escapement: ITAT Upholds Reassessment Despite Lack of Cross Examination [Read Order]
The Chandigarh Bench of the Income Tax Appellate Tribunal ( ITAT ) has upheld the reassessment proceedings initiated by the Assessing Officer (AO) stating that a categorical finding of income...
![AO Not Required to Record Categorical Finding For Income Escapement: ITAT Upholds Reassessment Despite Lack of Cross Examination [Read Order]](https://images.taxscan.in/h-upload/2025/07/09/500x300_2062026-itat-reassessment-ao-taxscan.webp "AO Not Required to Record Categorical Finding For Income Escapement: ITAT Upholds Reassessment Despite Lack of Cross Examination [Read Order]")
Honda Motorcycle India’s ₹10.84 Crore FTS Payment to Asian Honda: ITAT Remands to Determine Taxability & P.E. under India–Thailand DTAA Due to Missing Documents [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has allowed the appeal of Asian Honda Motor Co. Ltd. and remanded the matter to the Dispute Resolution Panel (DRP), after noticing that...
![Honda Motorcycle India’s ₹10.84 Crore FTS Payment to Asian Honda: ITAT Remands to Determine Taxability & P.E. under India–Thailand DTAA Due to Missing Documents [Read Order]](https://images.taxscan.in/h-upload/2025/07/09/500x300_2062038-honda-motor-taxscan.webp "Honda Motorcycle India’s ₹10.84 Crore FTS Payment to Asian Honda: ITAT Remands to Determine Taxability & P.E. under India–Thailand DTAA Due to Missing Documents [Read Order]")
Business Closed, Unaware of GST Notices: Madras HC allows to Contest Order on Payment of Dues without Interest and Penalty [Read Order]
Subject to depositing the entire GST due without penalty and interest, the court was permitted to contest the order in fresh.The Madurai Bench of the Madras High Court recently permitted an assessee...
![Business Closed, Unaware of GST Notices: Madras HC allows to Contest Order on Payment of Dues without Interest and Penalty [Read Order]](https://images.taxscan.in/h-upload/2025/07/09/500x300_2062047-business-closed-unaware-gst-notices-madras-hc-contest-order-payment-of-dues-interest-and-penalty-taxscan.webp "Business Closed, Unaware of GST Notices: Madras HC allows to Contest Order on Payment of Dues without Interest and Penalty [Read Order]")
No Consideration Given to Reply to GST DRC-01: Madras HC Remands Case without Pre-deposit Mandate, Directs to Defreeze Bank Account [Read Order]
In a recent ruling, the Madras High Court set aside a GST ( Goods and Services Tax ) order and the consequential proceedings and remanded the case on the ground that the reply to the DRC-01 notice...
![No Consideration Given to Reply to GST DRC-01: Madras HC Remands Case without Pre-deposit Mandate, Directs to Defreeze Bank Account [Read Order]](https://images.taxscan.in/h-upload/2025/07/09/500x300_2061996-no-consideration-given-to-reply-to-gst-drc-01-consideration-reply-to-gst-drc-01-gst-drc-01-taxscan.webp "No Consideration Given to Reply to GST DRC-01: Madras HC Remands Case without Pre-deposit Mandate, Directs to Defreeze Bank Account [Read Order]")