Vanshika

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Unexplained Cash Credits: ITAT Reverses CIT(A) Deletion of Rs 1.97 Crore Addition

Unexplained Cash Credits: ITAT Reverses CIT(A) Deletion of Rs 1.97 Crore Addition The Tribunal allowed the Income Tax Department’s appeal, holding that the CIT(A) wrongly...

Assessment Order Passed in Name of Merged Entity Held Void Ab Initio: ITAT

Assessment Order Passed in Name of Merged Entity Held Void Ab Initio: ITAT The Tribunal held that an assessment order passed in the name of...

Opportunity to Reply Restored: High Court Remits ITC Dispute for Reconsideration

Opportunity to Reply Restored: High Court Remits ITC Dispute for Reconsideration The High Court has set aside the ex parte GST adjudication order against the...

GST Portal Update: Pre-Deposit Amount Now Editable in Appeals

GST Portal Update: Pre-Deposit Amount Now Editable in Appeals The Goods and Services Tax Network (GSTN) announced an update regarding the pre-deposit percentage on its...

ITAT: VAT Mismatch Alone Cannot Justify Additions Without Verification

ITAT: VAT Mismatch Alone Cannot Justify Additions Without Verification ITAT remanded the matter for fresh verification, emphasising that additions cannot be based solely on VAT...

Mere General Statements Cannot Discharge Burden Under Section 69A: ITAT

Mere General Statements Cannot Discharge Burden Under Section 69A: ITAT ITAT partly allowed the appeal, deleting additions for explained redeposits and marriage gifts but sustaining...

Applying for TAN? Here’s What’s Changed with the New Forms

Applying for TAN? Here’s What’s Changed with the New Forms If you’ve ever tried to deal with tax forms, you know how confusing even a...

ITAT Directs Grant of Section 11 Exemption Despite Late Filing of Form 10B

ITAT Directs Grant of Section 11 Exemption Despite Late Filing of Form 10B The ITAT allowed the assessee’s appeal and directed the Revenue to grant...

MCA Portal Update: File MSME Form 1 by April 30 to Avoid Penalties

MCA Portal Update: File MSME Form 1 by April 30 to Avoid Penalties The Ministry of Corporate Affairs (MCA) has issued an advisory drawing the...

CBI Probes Rs 73,000 Crore Alleged Loan Fraud Linked to Reliance Anil Ambani Group

CBI Probes Rs 73,000 Crore Alleged Loan Fraud Linked to Reliance Anil Ambani Group The Central Bureau of Investigation (CBI) is probing alleged bank loan...

Anti-Corruption Bureau Arrests GST Officer for Taking Bribe in Navi Mumbai

Anti-Corruption Bureau Arrests GST Officer for Taking Bribe in Navi Mumbai The Anti-Corruption Bureau (ACB) in Navi Mumbai has arrested a GST officer and his...

Section 271(1)(c) Penalty Unsustainable When Matter Is Legally Arguable: ITAT

Section 271(1)(c) Penalty Unsustainable When Matter Is Legally Arguable: ITAT The Tribunal upheld the cancellation of the penalty under Section 271(1)(c) because the High Court...

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