ITAT Pune remands a case, ruling that a trust's gross receipts cannot be taxed as income without allowing expenses, despite a significant delay in ...

The ITAT Pune ruled that excess cash found during a business survey should be taxed as normal business income, not at the higher rate under Section ...

ITAT Pune upholds an estimated 8% profit on a grain merchant's cash deposits of ₹2.61 crore, ruling against the taxing of the full amount as unexplained ...

The ITAT Ranchi upholds an assessee's appeal, ruling that the Assessing Officer must provide evidence to substantiate additions made solely based on ITS ...

A comprehensive summary of the Production-Linked Incentive (PLI) and Make in India (MII) initiatives, covering their objectives, key sectors, and impact on boosting domestic ...

CESTAT Chandigarh held that CENVAT Credit of input services i.e. insurance and authorized service station cannot be denied as services are availed before 01.04.2011 and used for furtherance of ...

Madras High Court held that cancellation of GST registration for non-compliance with relevant provision of GST Act not justified since the reason of slowdown in business is genuine. Accordingly, ...

AO was directed to consider the original return while deciding the case involving disallowance of excess deductions and house property loss claimed in revised returns for Assessment Year (AY) 2020-21 ...

Madras High Court held that filing of a fresh refund claim in terms of section 27 (1-B) of the Customs Act not required as refund claim was duly filed within limitation of one year from the date of ...

Delhi High Court held that exemption from Basic Customs Duty [BCD] admissible in case of WAPs import employing either Multiple Input/ Multiple Output (MIMO) or Long Term Evolution (LTE) standards ...

ITAT Delhi held that circle rate couldn’t be applied as the property was sold under distress. Accordingly, matter remanded back to AO to determine fair market value of property taking into ...

The ITAT Hyderabad ruled against taxing a temple's gross donations, mandating expenses be considered. It also set aside a ...