ITAT Mumbai held that the addition in respect of bogus purchases is to be limited to the extent of bringing the gross profit rate on such purchases at the same rate as of other genuine purchases.

ITAT Delhi held that addition under section 69A of the Income Tax Act towards cash deposited during demonetization cannot be sustained as source of cash deposited is cash sales and the same is already ...

ITAT Ahmedabad rules an email notice is invalid if the assessee opted for physical notice in Form 35, setting aside an ex-parte ...

ITAT Ahmedabad remands Ratansinh Solanki's case, setting aside Section 69A additions. Fresh adjudication ordered, allowing admission of additional evidence for cash ...

Understand GST interest on delayed payments under Rule 88B. Learn when interest is and isn't payable for late returns, cash ledger use, and Input Tax ...

Understand the challenges bona fide buyers face with GST Input Tax Credit denials due to supplier non-compliance and the legal stance on this contentious ...

Allahabad High Court sets aside tax penalty on Goverdhan Oil Mill, citing no tax evasion intent in stock transfers despite HSN ...

Allahabad High Court ruled that GST tax and penalties cannot be imposed for e-way bill issues if there's no tax evasion ...

Chhattisgarh High Court rules trial courts can pardon accomplices for truthful testimony, even if not in custody, under CrPC Section 307 (BNSS ...

The IBBI's 2025 amendment mandates disclosure of avoidance transactions in information memorandums and restricts their assignment in resolution ...

FSSAI names 24 Department of Food and Public Distribution officers as Food Safety Officers for Fortified Rice Kernel, effective July 2, ...

Jaipur's Income Tax Appellate Tribunal rules for Sita Ram Saini, stating cash withdrawn and re-deposited cannot be treated as turnover for profit ...