Supreme Court Upholds Taxpayer’s Right to Reasoned Order in GST Detention Cases: A Landmark Ruling for Procedural Safeguards
Assessing Officer cannot rely solely on borrowed information without independent verification or a rational connection to income escapement.
Strategic Overseas Ties and Corporate Structuring Fail to Shield Global Income: ITAT Declares assessee a Resident
Operational control and not formal ownership or exclusivity is relevant for determining if appellant has a PE in India: SC
Re-assessment proceedings under Section 147 rather than following the special procedure envisaged under Section 153C is bad in law
Requirement to deposit 20% of the disputed demand as per the said CBDT Circular is directory in nature and not mandatory.
Madras HC Quashes TVS Reassessment Notice – JAO Has No Jurisdiction, Only Faceless AO Can Issue 148A Notices, Holds Court
Sales tax incentives granted under state schemes for setting up industries in backward areas constitute capital receipts & so not taxable: Bombay HC
No discrepancies in sales, Books of accounts also not rejected – No addition towards cash deposit sustainable
Supreme Court Dismisses SLP in JAO–FAO Jurisdiction Case: Revenue Seeks Revival Amidst 700+ Similar Matters
No disallowance under Section 143(1)(a) can be made towards delayed ESI and EPF contributions as the issue was highly debatable
Entire amount of bogus purchases cannot be disallowed – ITAT Ahmadabad distinguishes Bombay HC decision
JAO Vs. FAO Controversy: Bombay HC again followed Hexaware Technology decision – Rejected department contention that it is pending before Supreme Court
