IBBI suspends IP for Non-Submission of Supporting Documents with CoC meeting Notices and Failure to Verify Claims of Homebuyers [Read Order]
The Insolvency Board of India (IBBI) has suspended the Insolvency Professional (IP) for 2 years for non-submission of supporting documents with...
![Bogus E-Way Bill: Calcutta HC directs to release Tea Consignment [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Bogus-E-Way-Bill-E-Way-Bill-Bogus-Calcutta-High-Court-release-Tea-Consignment-Tea-Consignment-taxscan.jpg "Bogus E-Way Bill: Calcutta HC directs to release Tea Consignment [Read Order]")
No Reassessment proceedings initiated u/s. 148Â of IT Act without Proper Verification of Recorded details of Documents : ITAT [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal(ITAT) held that no reassessment proceedings were initiated under section 148 of the Income Tax Act,1961 without proper verification of recorded...
![No Reassessment proceedings initiated u/s. 148Â of IT Act without Proper Verification of Recorded details of Documents : ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Reassessment-proceedings-IT-Act-Proper-Verification-of-Recorded-details-of-Documents-Recorded-details-of-Documents-ITAT-taxscan.jpg "No Reassessment proceedings initiated u/s. 148Â of IT Act without Proper Verification of Recorded details of Documents : ITAT [Read Order]")
Addition of loan Amount as Outstanding Balance without Proper Evidence and Documents: ITAT directs AO to Re-adjudicate [Read Order]
The New Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has directed the Assessing Officer to re-adjudicate the case regarding the addition of a loan amount as an outstanding balance. The...
![Addition of loan Amount as Outstanding Balance without Proper Evidence and Documents: ITAT directs AO to Re-adjudicate [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/loan-Amount-as-Outstanding-Balance-Proper-Evidence-Documents-ITAT-Re-adjudicate-Addition-of-loan-Amount-taxscan.jpg "Addition of loan Amount as Outstanding Balance without Proper Evidence and Documents: ITAT directs AO to Re-adjudicate [Read Order]")
Meritorious Case cannot be Thrown out at Threshold, When Proper Documents are Produced: ITAT [Read Order]
The Hyderabed Bench of Income Tax Appellate Tribunal (ITAT) has held that a meritorious case could not be thrown at threshold when proper documents are produced. Assessee Narasimha Rao Venkata...
![Meritorious Case cannot be Thrown out at Threshold, When Proper Documents are Produced: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Meritorious-Case-cannot-be-Thrown-out-at-Threshold-When-Proper-Documents-are-Produced-ITAT-TAXSCAN.jpg "Meritorious Case cannot be Thrown out at Threshold, When Proper Documents are Produced: ITAT [Read Order]")
Aiding Fake Firms to Claim ITC Using ID Proof: Punjab & Haryana HC grants Bail during Investigation [Read Order]
The Punjab and Haryana High Court granted bail during investigation in the matter of aiding fake firms to claim Input Tax Credit (ITC) Using ID Proof. The allegations against the petitioner,...
![Aiding Fake Firms to Claim ITC Using ID Proof: Punjab & Haryana HC grants Bail during Investigation [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Aiding-Fake-Firms-to-Claim-ITC-Using-ID-Proof-Claim-ITC-ITC-Punjab-and-Haryana-High-Court-Punjab-and-Haryana-HC-grants-Bail-during-Investigation-Investigation-Bail-Taxscan.jpg "Aiding Fake Firms to Claim ITC Using ID Proof: Punjab & Haryana HC grants Bail during Investigation [Read Order]")
Onus is on AO to provide Reasons to Disbelieve Bank Statements and Supporting Documents for Reopening Assessment: Bombay HC [Read Order]
In a recent decision the Bombay High Court ruled that is the onus of the Assessing Officer (AO) to provide reasons to disbelieve bank statements and supporting documents for reopening assessment. ...
Persons whose Custody Goods found are bound to provide Information Within a Reasonable Time: Delhi HC [Read Order]
Delhi High Court in its recent judgement held that information about the goods must be produced within a reasonable time by the person in whose custody the goods were found. The appellant,...
![Persons whose Custody Goods found are bound to provide Information Within a Reasonable Time: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Delhi-High-Court-Custody-Goods-Information-Reasonable-Time-Taxscan.jpg "Persons whose Custody Goods found are bound to provide Information Within a Reasonable Time: Delhi HC [Read Order]")
No Document to Show that Deficiency Memo was wrongly issued: CESTAT confirms Rejection of Refund Claim [Read Order]
The New Delhi Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), confirmed the rejection of refund claim on the ground that no document was filed to show that the Deficiency...
![No Document to Show that Deficiency Memo was wrongly issued: CESTAT confirms Rejection of Refund Claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/document-Deficiency-Memo-wrongly-issued-CESTAT-refund-claim-TAXSCAN.jpg "No Document to Show that Deficiency Memo was wrongly issued: CESTAT confirms Rejection of Refund Claim [Read Order]")