ITAT Upholds Addition on Seized Cash Under Section 69A
The ITAT upheld an addition under Section 69A concerning ₹7.5 crore seized cash that was not satisfactorily explained by the assessee.
AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The ITAT upheld an addition under Section 69A concerning ₹7.5 crore seized cash that was not satisfactorily explained by the assessee.
The ITAT has ruled that penalty proceedings under Section 271(1)(c) must await the resolution of the corresponding quantum appeal.

The ITAT determined that the assessable value under the Customs Act should not be used to justify additions under Section 69C without proof of actual expenditure.

This guide provides insights into the reverse charge mechanism applicable to services acquired from government bodies under GST.
The ITAT directed NFAC to provide a final opportunity for the assessee to justify claims of unexplained expenditure and cash credits totalling ₹2.35 crore.

The CESTAT ruled that the valuation of plastic bottle caps should not follow Rule 8's provisions as the caps were used by the principal manufacturer, Marico.
The Telangana High Court has directed GST authorities to accept manual applications for revocation of cancelled registrations where online filings are restricted. This provides relief for many affected taxpayers.
A new report details how editable fields in the GSTR-3B form facilitate tax evasion by suppliers, jeopardizing GST compliance for honest taxpayers. This raises concerns over enforcement and compliance.
The Telangana High Court dismissed a writ petition challenging a GST assessment order due to delay, citing the Glaxo Smith Kline decision. This emphasizes the need for timely action in GST matters.

The Calcutta High Court has upheld the jurisdiction of the Principal Commissioner of Income Tax (PCIT) to revise 'unallocated' head office expenses within tax holiday units, ensuring the integrity of tax assessments.

A recent analysis examines how India's structured tax system aligns with global models of cross-border taxation, underscoring its progressive compliance features. This is relevant for international tax practitioners and businesses engaged in cross-border activities.

The Calcutta High Court has issued a stay on coercive actions by tax authorities against the petitioner concerning time-barred reassessment proceedings. This decision underscores the significance of adherence to statutory time limits.

The Chhattisgarh High Court granted regular bail in a ₹7.59 crore fake Input Tax Credit case, determining further custodial interrogation was unnecessary.