Can ITC Be Availed on Imports Made Through Courier?
Can ITC Be Availed on Imports Made Through Courier? Let us take a look at how this old Central Excise controversy has evolved under GST In the Central Excise regime, a persistent dispute existed around availing CENVAT credit on goods imported through courier. When small consignments were brought in under the Courier Imports &… […]
ITC cannot be rejected merely on the ground that the supplier’s GST registration was cancelled with retrospective effect.
ITC cannot be rejected merely on the ground that the supplier’s GST registration was cancelled with retrospective effect. In The case of Engineering Tools Corporation v. the Assistant Commissioner (ST), the Madras High Court (‘High Court’) held that an Input Tax Credit (‘ITC’) claim cannot be rejected merely on the ground that the supplier’s… […]
Non-disclosure of required details in audit report: ROC penalized auditor
Non-disclosure of required details in audit report: ROC penalized auditor ROC penalized Deloitte Haskins & Sells, Statutory Auditor of the Company, for failing to provide any adverse remarks / qualifications in its report, as required u/s 143 of the Companies Act, 2013. However, there are significant compliance issues, namely: – Non-disclosure of MSME interest details…. […]
Validity of addition on Account of Deemed Rent in respect of unsold Flats Held as Stock-in-Trade
Validity of addition on Account of Deemed Rent in respect of unsold Flats Held as Stock-in-Trade An interesting issue arose before ITAT Mumbai in the case of Paramjit Singh Mohansingh Obhan v. ACIT, Circle-28(2), Navi Mumbai – ITA No. 4863/Mum/2025 | Date of Order: 10 November 2025 – regarding the validity of addition on… […]
CA issuance of Form No. 15CB under the Income-Tax Act does not amount to abetment of money laundering.
CA issuance of Form No. 15CB under the Income-Tax Act does not amount to abetment of money laundering. Supreme Court has recently protected a Practicing Chartered Accountant. I that merely issuing Form 15CB under the Income-Tax Act does not amount to abetment of money laundering. In this case, a Chartered Accountant had issued Form… […]
Penny Stock Addition: Genuineness must be tested on human probabilities and surrounding circumstances, not mere documentation- ITAT Ahemedabad
Penny Stock Addition: Genuineness must be tested on human probabilities and surrounding circumstances, not mere documentation- ITAT Ahemedabad ITAT Ahmedabad in the case of Gitaben Dineshbhai Patel v. ITO-ITA No. 717/Ahd/2025 | Order dated: 4 November 2025 on penny stock matter has held that genuineness must be tested on human probabilities and surrounding circumstances,… […]
Reassessment Notices Issued in the Name of a Deceased Person is invalid
Reassessment Notices Issued in the Name of a Deceased Person is invalid Reassessment Notices Issued in the Name of a Deceased Person is invalid as held by ITAT Delhi ruling in Lalita Agarwal (Legal Heir of Late Shri Subhash Chandra Agarwal) v. ACIT -(ITA Nos. 5663–5667/Del/2024, dated 12 November 2025). Let us have a Short… […]
No addition permissible on the basis of WhatsApp chats or screenshots as it lack evidentiary value without section 65B certification and corroboration: ITAT
No addition permissible on the basis of WhatsApp chats or screenshots as it lack evidentiary value without section 65B certification and corroboration: ITAT Recently, Mumbai ITAT in the case of DCIT v. Niru Dhiren Shah (ITA No. 4294/Mum/2025) was concerned with the issue of evidentiary value of WhatsApp Chats in Tax Proceedings. Let us… […]
Addition under section 68 was unjustified as the creditworthiness and genuineness could not be re-examined for a loan already accepted in prior years: ITAT
Addition under section 68 was unjustified as the creditworthiness and genuineness could not be re-examined for a loan already accepted in prior years: ITAT Where assessee was subjected to reassessment for an alleged unsecured loan treated as accommodation entry but established through records that no fresh loan was received in relevant year and amount… […]
Employee granted TDS Credit as the employer after deducting the TDS failed to deposit with the Government Treasury
Employee granted TDS Credit as the employer after deducting the TDS failed to deposit with the Government Treasury The tax department contends that credit of TDS can be granted only if TDS is paid to central government by the deductor and not otherwise per section 199. In this case employer failed to pay the… […]
