Suspicion Alone Cannot Justify Income Tax Additions: Supreme Court Upholds Deletion of ₹16.61 Crore Alleged Unaccounted Sales Tax Assessments Must Be Based on Evidence, Not Mathematical Assumptions or Guesswork One of the oldest and most fundamental principles of income tax law is that suspicion, however strong, can never substitute evidence. Tax authorities may entertain doubts, draw inferences…

Refund Cannot Be Denied for Mere Technical Lapse: ITAT Invokes Article 265 to Protect Taxpayer’s Rights     Once Delay in E-Verification Is Condoned, Revenue Cannot Retain Tax That Is Not Legally Due One of the most fundamental principles of taxation is that the Government can collect only the tax authorised by law-nothing more, nothing less. This…

Breaking News: Supreme Court Upholds Gujarat High Court Verdict – No GST on Transfer of Long-Term Leasehold Rights of Industrial Plots   A Major Relief for Industry, Businesses & Industrial Plot Holders In a significant development for taxpayers and the business community, the Hon’ble Supreme Court of India has dismissed the Special Leave Petition (SLP)…

Section 87A Rebate Litigation: Is the ITAT Appeal Fee Always ₹10,000? A Fresh Perspective Can an Appeal Against Denial of Rebate Under Section 87A Be Filed with a Fee of Just ₹500? The recent litigation surrounding the denial of rebate under Section 87A has resulted in thousands of appeals before the Commissioner (Appeals) and the Income Tax…

Can CPC Apply the Supreme Court’s Checkmate Judgment Retrospectively? ITAT Says No A Debatable Issue Cannot Be Adjusted Under Section 143(1) by Applying a Later Supreme Court Decision The landmark judgment of the Supreme Court in Checkmate Services (P.) Ltd. v. CIT fundamentally changed the legal position regarding delayed deposit of employees’ contributions towards Provident Fund (PF)…