Tax Guru3h
ITAT Grants 77-Year-Old Farmer Fresh Hearing After Consultant’s Misguidance
This appeal by the assessee emanates from the order passed under section 250 of the Income-tax Act, 1961 (in short, ‘the Act’) dated 14.08.2024 by the learned Commissioner of Income Tax (Appeals), ...
Tax Guru3h
Cross-Examination Not Mandatory for Company Directors’ or Employees’ Statements
ITR OL 281 (SC) to argue that cross-examination is a necessary element of fair proceedings. However, the court noted that the judgment does not mandate cross-examination in every case and that its ...
Tax Guru3h
Supreme Court Dismisses PIL Against Jio, Airtel Internet Tariff Hikes
Supreme Court of India dismissed a Public Interest Litigation (PIL) filed by Rajat, challenging internet tariff hikes by telecom giants Reliance Jio and Bharti Airtel. The petition also named the ...
Tax Guru3h
ITAT Deletes Bogus LTCG addition for Lack of Price Rigging Evidence
Mumbai, ruled in favor of the assessee, Tejash Ramesh Shah, holding that share transactions verified through DEMAT statements and banking channels cannot be deemed bogus without substantial proof. The ...
Tax Guru3h
No Section 271(1)(c) Penalty on Estimated GP for Bogus Purchases
Income Tax Appellate Tribunal (ITAT) Mumbai has deleted the penalty imposed under Section 271(1)(c) on Om Sai Traders for Assessment Years 2010 ...
Tax Guru4h
CESTAT Sets Aside Customs Broker License Revocation for Procedural Delays
Mumbai has set aside the revocation of the customs broker license of M Dharamdas & Co and the forfeiture of its security deposit, citing procedural delays by customs authorities. The case involved ...
Tax Guru4h
ITAT Restores Sports Trust’s Section 12AB, 80G Registration Rejection
Mumbai has set aside the rejection of Sports Unlimited Foundation’s applications for 12AB and 80G registration, directing the Commissioner of Income Tax (Exemption) [CIT(E)] to conduct a fresh ...
Tax Guru4h
Ensuring a fair hearing is a fundamental principle in tax adjudication: ITAT Bangalore
Income Tax Appellate Tribunal (ITAT) Bangalore has set aside the order passed by the Commissioner of Income Tax (Appeals) [CIT(A)] and ...
Tax Guru4h
Stay Application cannot be denied solely for non-deposit of 20% of disputed Tax
1. This Petition has been filed challenging the order dated 20.01.2025 passed by respondent No.3, whereby, during pendency of ...
Tax Guru4h
Factual GST Classification Dispute Not Adjudicable Under Article 226: Kerala HC
Kerala HC Dismisses GST Writ by Neo Classic Cruise & Tours. Summary: The Kerala High Court dismissed the writ petition filed by Neo Classic Cruise and Tours (P) Ltd. ch ...
Tax Guru4h
Income Tax Crackdown on Dubious Political Donations: What Donors Must Know
Donors write cheques to obscure political parties. Parties return the amount in cash after deducting 1-3% as commission. Donors claim tax deductions under Section 80GGC (for individuals) or 80GGB (for ...
Tax Guru4h
Tax Evasion in India: A Deep-Rooted Problem & Path to a Fairer System
If everyone—citizens, businesses, policymakers—embraces digital reforms and builds a culture of tax compliance, India can break free from this cycle. No more loopholes. No more black money. Just a ...