The tribunal ruled that section 263 cannot be invoked merely because the Commissioner believes further enquiry was possible.

The tribunal ruled that rejecting books and estimating profits bars further item-wise disallowances. Authorities cannot “blow ...

NCLT Mumbai held that since existence of financial debt and default thereon is established, application filed under section 9 ...

The court relied on a video recording, attesting witness testimony, and medical certification to confirm soundness of mind. Digital evidence was accepted as reliable corroboration of Will ...

Mumbai ITAT upholds deletion of ₹70 lakh under Section 69, ruling that uncorroborated WhatsApp scribbles from a third party cannot establish unexplained cash ...

The Mumbai ITAT allowed the appeal of M/s U.S. Reality Pvt. Ltd. for AY 2010-11 for statistical purposes and set aside the order of the CIT (A) due to serious factual and chronological inconsistencies ...

ITAT Mumbai ruled that for redeveloped flats, the allotment date marks acquisition, confirming long-term capital gains eligibility under section 54, despite later ...

The tribunal held that when the assessment order is remanded for de-novo adjudication, the very basis for penalty ceases to exist. Consequently, penalty proceedings under section 271(1)(c) become ...

The tribunal held that delay in filing Form 10BB is only a procedural lapse and not a substantive bar to exemption. Where the audit report was available before processing, denial of section 11 ...

The tribunal held that land registered in an individual’s name but fully paid by a society amounts to receipt of property without consideration. Such benefit is taxable as income under section ...

The tribunal held that sending notices through email despite the assessee expressly opting for physical service constituted sufficient cause for delay. Procedural lapses by tax authorities cannot ...

The tribunal ruled that lack of digital literacy and non-receipt of electronic orders constitute sufficient cause for delay in filing an appeal. A liberal approach was adopted to ensure substantial ...