Validity of aaddition based on third party statement recorded by Investigation Wing without opportunity of cross-examination afforded to assessee
Income-tax paid by assessee to foreign tax jurisdictions could not to be refunded to assessee by Indian tax authorities as a matter of course.
Rejection of application for revision of GST TRAN-1 FORM, without hearing arguments was unjustified: Allahabad HC
Not entire purchases but only the profit element embedded in the bogus purchases is to be disallowed.
“Expenditure” covers even a case of loss even though the said amount has not gone out from the pocket of the assessee.
Action of competent authority in collecting amount from petitioner towards tax and penalty under threat of detention of vehicle carrying goods for an absurd reason (‘wrong destination’) when the vehicle in question carried all the proper documents evidencing that it was an inter-State sale transaction was clearly arbitrary, violative of Articles 14, 265 and 300-A of Constitution of India: HC
Manipulation in income having tax effect of Rs. 350 crore found during search on leading film actress/producer: CBDT
Court directed GSTN to allow the petitioner to rectify his entries in GSTR- 3B return which was submitted by the petitioner mistakenly on account of genuine bonafide human error
Amounts received by employees under a Voluntary Retirement Scheme are entitled to relief under Section 89 (1) in addition to the exemption granted under Section 10 (10C) (viii)
There is no legal justification for withholding the amount which is otherwise refundable to the assessees in passing of any assessment orders for the relevant assessment years
