The case stems from a search and seizure operation conducted under Section 132 of the Act on October 18, 2019, involving entities belonging to the Alankit Group. Subsequently, the Assessing Officer ...

The Ld. CIT (Appeals)-NFAC, Delhi, had sustained the addition of Rs.43,55,357 made by the AO under Section 68 in its order dated November 6, 2023, leading AGM Brothers to file the appeal before the ...

Tax regulations are a critical but often neglected component of digital asset management. Most governments now require clear ...

Nevertheless, the counsel conceded that, according to the rules, the blocking of ITC cannot extend beyond a period of one year. The relevant provision, Rule 86A (3), explicitly states that such a ...

This appeal, by the assessee, is directed against the order of the Learned Commissioner of Income-tax (Appeals)/National Faceless Appeal Centre (NFAC), Delhi dated 29.02.2024 pertaining to the ...

Chennai bench, has imposed a cost of ₹10,000 on taxpayer Jayabalan Kumaresan for failing to appear during appeal hearings before the Commissioner of Income Tax (Appeals) [CIT(A)]. The tribunal has ...

The case, involving TVL T. Selvam and the State Tax Officer-4, arose from an assessment order dated September 20, 2024, issued under Section 74 of the Tamil Nadu Goods and Services Tax Act, 2017, for ...

Income Tax Appellate Tribunal (ITAT), Ahmedabad bench, has provided relief to Sorathiya Darji Kedvani Mandal, a charitable trust, by allowing its appeal and setting aside a surcharge demand raised by ...

Delhi High Court has nullified an Income Tax Assessing Officer’s (AO) order that declined to implement a favorable ruling for Goodrich Carbohydrates Ltd. by the Commissioner of Income Tax (Appeals) ...

Upon processing the revised return, the CPC disallowed the deduction claimed under Section 10AA. The basis for this disallowance, as stated by the CPC, was that the income tax return had been ...

The Court observed that the appearance of the kada and the petitioner’s submission that he wore it as a personal effect, consistent with his religious beliefs as a Sikh, supported his claim. The ...

This led to show cause notices and the aforementioned Commissioner’s order dated 8.8.2019, which rejected transaction values for earlier imports, ordered confiscation, and imposed penalties. However, ...