SEO Title: ITAT Restores Unexplained Investment Case for Fresh Assessment ...

The Karnataka High Court heard a petition filed by Athreya Constructions concerning the increase in the Goods and Services Tax (GST) rate applicable to a work order issued to them by the Executive ...

1. This appeal by the assessee is directed against an ex-parte order of the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, Delhi (hereinafter referred to as ‘the CIT (A)’) ...

The ITAT noted the absence of mala fide intent, immediate acceptance of error, and availability of foreign tax credit, which indicated that the penalty under Section 271 (1) (c) was not warranted.

4. Now the Revenue is in appeal before the Tribunal contending that filing of Audit Report in Form 10BB as per 10th proviso to section 10 (23C) of the Act is mandatory and the CIT (A) erred in ...

During the ITAT proceedings, the assessee managed to provide some explanation and demonstrate the source for a portion of the disputed amount. The assessee showed that ₹2.96 lakh was available from ...

Applying these provisions, the Delhi High Court found that the reassessment notice for AY 2014-15 was clearly beyond the permissible time limit. The court referred to its previous decisions in Filatex ...

1. Delay condoned. 2. These Special Leave Petitions are squarely covered by the Judgment of this Court rendered on 3-10-2024 ...

The Telangana High Court has directed state revenue authorities to consider and decide upon a representation filed by ...

Upon reviewing the case and the medical records presented, the Karnataka High Court found merit in the petitioner’s plea. The court noted the documentary evidence establishing the father’s prolonged ...

In simple words, judicial discipline means, the lower authorities following the decisions of the higher authorities. In the GST context, the decisions given by the Appellate Authorities, Appellate ...

On top of the higher tax rate, the department can levy penalties under Section 270A and Section 271AAC. These are calculated on the additional tax assessed: Under Section 270A (for under-reporting or ...