![ITAT Deletes Rs.22.93 Lakh Penalty on Builder, Cites Auditor’s Mistake & Lack of Intent to Evade Tax [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/WhatsApp-Image-2025-04-08-at-1.11.11-PM.jpeg "ITAT Deletes Rs.22.93 Lakh Penalty on Builder, Cites Auditor’s Mistake & Lack of Intent to Evade Tax [Read Order]")
ITAT Deletes Rs.22.93 Lakh Penalty on Builder, Cites Auditor’s Mistake & Lack of Intent to Evade Tax [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench, has cancelled a penalty of Rs.22.93 lakh that was imposed on Silver Oak Buildcon Private...
![No Possession, No Taxation: ITAT Deletes Capital Gains Addition u/s 2(47) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/WhatsApp-Image-2025-04-08-at-1.39.50-PM.jpeg "No Possession, No Taxation: ITAT Deletes Capital Gains Addition u/s 2(47) of Income Tax Act [Read Order]")
![Govt Clarifies Customs Duty and Classification of Interactive Flat Panel Displays and Other Monitors [Read Circular]](https://www.taxscan.in/wp-content/uploads/2025/04/Govt-Clarifies-Customs-Duty-Customs-Duty-Classification-of-Interactive-Flat-Panel-Displays-Interactive-Flat-Panel-Displays-taxscan.jpg "Govt Clarifies Customs Duty and Classification of Interactive Flat Panel Displays and Other Monitors [Read Circular]")
![Leave Encashment Payment Made After Financial Year not Deductible under Income Tax Act Without Accrued Liability: Himachal Pradesh HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Himachal-Pradesh-HC.jpg "Leave Encashment Payment Made After Financial Year not Deductible under Income Tax Act Without Accrued Liability: Himachal Pradesh HC [Read Order]")
Delay in Paying ₹80.26 Cr Price Adjustment Under GST Linked Works Contract: Telangana HC Orders 6% Interest for Late Payment [Read Order]
The Telangana High Court, while dealing with a Goods and Service Tax(GST) linked works contract dispute, directed payment of interest at 6% per annum for delay in releasing ₹80.26 crore towards price...
![Delay in Paying ₹80.26 Cr Price Adjustment Under GST Linked Works Contract: Telangana HC Orders 6% Interest for Late Payment [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/telangana-hc.jpg "Delay in Paying ₹80.26 Cr Price Adjustment Under GST Linked Works Contract: Telangana HC Orders 6% Interest for Late Payment [Read Order]")
Adjudicating Authority cannot Accept Report of RP without Independent Assessment u/s 100 of IBC: NCLAT [Read Order]
The National Company Law Appellate Tribunal (NCLAT) New Delhi bench has held that the Adjudicating Authority, while considering the report of the Resolution Professional must conduct its own...
![Adjudicating Authority cannot Accept Report of RP without Independent Assessment u/s 100 of IBC: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Adjudicating-Authority-Accept-Report-RP-Independent-Assessment-IBC-NCLAT-taxscan.jpg "Adjudicating Authority cannot Accept Report of RP without Independent Assessment u/s 100 of IBC: NCLAT [Read Order]")
Whatsapp Chats Revealed Transactions of ₹1 Crore: Rajasthan HC Upholds Income Tax Proceedings [Read Order]
In a significant ruling, the Rajasthan High Court upheld the legitimacy of transactions of ₹1 Crore, unearthed on the basis of Whatsapp chats against which proceedings under Section 153C of the...
![Whatsapp Chats Revealed Transactions of ₹1 Crore: Rajasthan HC Upholds Income Tax Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Whatsapp-Whatsapp-Chats-Revealed-Transactions-Whatsapp-Chats-Revealed-Whatsapp-Chats-Rajasthan-HC-Rajasthan-HC-Upholds-taxscan.jpg "Whatsapp Chats Revealed Transactions of ₹1 Crore: Rajasthan HC Upholds Income Tax Proceedings [Read Order]")
Land wrongly listed under prohibited properties due to attachment: Telangana HC directs authorities to act on de-notification request [Read Order]
The Telangana High Court, while disposing of a writ petition, directed the concerned authorities to consider and act on a representation seeking de-notification of land that was wrongly listed under...
![Land wrongly listed under prohibited properties due to attachment: Telangana HC directs authorities to act on de-notification request [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Telangana-High-Court-Telangana-High-Court-land-de-notification-case-TAXSCAN.jpg "Land wrongly listed under prohibited properties due to attachment: Telangana HC directs authorities to act on de-notification request [Read Order]")
Telangana HC Sets Aside Income Tax Garnishee Notices, Directs Decision on Pending Appeals and Stay Application First [Read Order]
The High Court of Telangana, set aside income tax garnishee notices issued, against bank accounts of the assessee observing that the notices were issued despite the pendency of appeals and a stay...
![Telangana HC Sets Aside Income Tax Garnishee Notices, Directs Decision on Pending Appeals and Stay Application First [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Telangana-HC-Income-Tax-Garnishee-Notices-Directs-Decision-Pending-Appeals-Application-First-taxscan.jpg "Telangana HC Sets Aside Income Tax Garnishee Notices, Directs Decision on Pending Appeals and Stay Application First [Read Order]")
Works Contract with RVNL for Doubling Railway Track and Allied Construction Attracts GST @ 12%: Madras HC [Read Order]
The Madras High Court recently held that works contract awarded by Rail Vikas Nigam Limited (RVNL) to a developer for the purposes of railway infrastructure development is liable to Goods and...
![Works Contract with RVNL for Doubling Railway Track and Allied Construction Attracts GST @ 12%: Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/RVNL-site-img-1.jpg "Works Contract with RVNL for Doubling Railway Track and Allied Construction Attracts GST @ 12%: Madras HC [Read Order]")