ITAT Hyderabad holds 12.5% profit estimation on ₹2.52 crore bank credits excessive; rejects commission agent claim due to ...

The issue was whether contractor deposits could be treated as unexplained credits. The Tribunal held they were genuine trade ...

The issue is India’s scattered legal framework for organised crime. The analysis highlights that lack of a unified law weakens enforcement and calls for comprehensive ...

The court held that a provisional attachment under Section 83 ceases once a final order under Section 74 is issued. The ruling reinforces that subsequent challenges must focus on the final order, not ...

Taxpayers were unable to file appeals when demand orders reflected zero liability despite disputes. The advisory clarifies that rectification must be sought to enable appeals and protect statutory ...

The Tribunal held that complete disallowance was excessive despite lack of full documentation. It allowed 50% deduction considering business necessity. Key takeaway: partial evidence can justify ...

The issue concerns vague GST cancellation notices lacking facts. Courts held that absence of details violates natural justice and invalidates ...

The issue was whether seat adjustment components qualify as seat parts or auto parts. CESTAT held they are integral seat parts under CTI 9401, overturning reclassification and duty ...

The issue was addition of cash found during search claimed to belong to the assessee’s mother. The Tribunal allowed partial relief, accepting some explanations based on evidence and probabilities ...

ITAT Hyderabad holds that Section 68 cannot apply to opening balances; remands ₹55.53 lakh addition for verification, directing AO to examine prior-year records and delete addition if no fresh credit ...

ITAT Mumbai deletes ₹27.40 lakh addition under Section 69A, holding cash deposits as genuine business advances for car bookings, duly supported by confirmations, PAN, and invoices; non-response of ...

The ruling clarifies that payments for off-the-shelf software are not royalty. It eliminates TDS liability unless a permanent establishment ...