Allahabad High Court ruled in favor of Osr Creation, overturning the penalty imposed by state tax authorities for alleged non-compliance with e-way bill regulations. The case arose when Osr Creation ...

Madras High Court held that income from sale of shares is to be treated as business income since money was borrowed and invested in shares only for the purpose of trading in shares. Accordingly, ...

The CESTAT also held that the burden is on the Department to establish the classification of goods as HSD, which conforms to ...

The Rajasthan High Court addressed a petition filed by Dr. Anita Choudhary, challenging an order dated February 17, 2022, issued under Section 127 of the Income Tax Act, 1961. This section pertains to ...

With the remand order, SLV Trading Company now has an opportunity for a fair reassessment of the penalties imposed, ensuring compliance with judicial precedents. The case will now return to the ...

With this decision, SAIL is required to pay ₹2.25 lakh instead of ₹44 lakh. The ruling balances the need for regulatory compliance with fairness in enforcement, offering relief to the public sector ...

Gauhati High Court ruled in favor of petitioner Bitu Paul, setting aside a tax demand order issued under Section 73 of the Assam Goods and Services Tax (AGST) Act, 2017. The petitioner, engaged in ...

The appellant/assessee is before us through this IT Appeal impugning the order dated 31.10.2023 of the Income Tax Appellate Tribunal, Cochin Bench in I.T.A. No.525/Coch/2011 pertaining to the ...

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