NCLT Order setting aside assessment and penalty orders during the moratorium period under the Insolvency and Bankruptcy Code (IBC) and Observation by Bombay High Court
ITAT allowed Assessee’s claim for depreciation on goodwill of period prior to applicability of the amendment vide Finance Act 2021
Addition on the basis of statement recorded has no evidentiary value without any incriminating material
Technicalities and rigid application of rules should not override human considerations: Court on rejection of application for condonation of Delay in filing Return under section 119(2)(b)
Whether income from the sale of software licenses should be classified as business income or royalty income?
CPC denial of the claim of section 115BAB holding that no manufacturing activity has begun: ITAT Hyderabad allowed it
Issue of Notice by the Jurisdictional Assessing Officer (JAO) would be valid and compliant with the Faceless Scheme of Assessment: Delhi HC
Admission made under pressure does not equate to valid tax liabilities: Revenue authorities must provide substantial evidence to support their claims.
GST not debited to the Profit and Loss Account, no disallowance can be made under section 43B: ITAT Ahemdabad
