Allahabad High Court Protects Genuine Input Tax Credit: ITC Cannot Be Denied Merely Due to Subsequent Cancellation of Supplier’s GST Registration
Allahabad High Court Protects Genuine Input Tax Credit: ITC Cannot Be Denied Merely Due to Subsequent Cancellation of Supplier’s GST Registration In a significant relief to honest taxpayers, the Allahabad High Court has once again reaffirmed a crucial principle of GST law: Input Tax Credit (ITC) lawfully availed by a bona fide purchaser cannot be… […]
Release of seized jewellery and Application under Section 132B of the Income Tax Act, 1961
Release of seized jewellery and Application under Section 132B of the Income Tax Act, 1961 Getting jewellery released after its seizure is one of the tough task for the taxpayers. In one of the case before MP High Court, jewellery was seized in Jabalpur and subsequently a Writ Petition was filed before Hon’ble Madhya… […]
Issuance of notice U/s 143(2) prior to supply of recorded reasons U/s 147 is fatal & may vitiate entire reassessment
Issuance of notice U/s 143(2) prior to supply of recorded reasons U/s 147 is fatal & may vitiate entire reassessment Issuance of notice under section 143(2) prior to supply of recorded reasons under section 147 has been held to be a fatal procedural lapse vitiating the entire reassessment. The ITAT (Delhi Bench) in… […]
A Comma That Changed the Law: Gujarat HC’s Sharp Turn in the JAO–FAO Controversy
A Comma That Changed the Law: Gujarat HC’s Sharp Turn in the JAO–FAO Controversy Just when we thought the debate on Jurisdictional Assessing Officer (JAO) vs. Faceless Assessing Officer (FAO) was leaning one way, the Hon’ble Gujarat High Court has delivered a significant judgment that changes the landscape. In the recent case of Snehdham… […]
Once, the issue has been decided by the Hon’ble High Court in favour of the assessee, on the same very issue assessment for the subsequent assessment years cannot be reopened
Once, the issue has been decided by the Hon’ble High Court in favour of the assessee, on the same very issue assessment for the subsequent assessment years cannot be reopened Delhi ITAT quashes reassessment proceedings holding the same to be invalid on the ground that the very basis on which re-opening is initiated i.e. the… […]
Reopening order quashed as it was on the erroneous assumption that no return of income was filed – whereas the return was duly on record.
Reopening order quashed as it was on the erroneous assumption that no return of income was filed – whereas the return was duly on record. We represented a matter before the Hon’ble Delhi ITAT, where the reopening of assessment under Sections 147/148 was quashed in entirety. The Assessing Officer had initiated reassessment on the… […]
ITAT quashed the entire re-assessment proceedings holding it to be barred by limitation as the escaped income was less than 50 Lakhs and the reassessment was initiated after the expiry of 3 years.
ITAT quashed the entire re-assessment proceedings holding it to be barred by limitation as the escaped income was less than 50 Lakhs and the reassessment was initiated after the expiry of 3 years. Recently, ITAT quashed the entire re-assessment proceedings holding it to be barred by limitation as the escaped income was less… […]
Can a taxpayer claim exemption under both Section 54 and Section 54F by investing in a single new house?
Can a taxpayer claim exemption under both Section 54 and Section 54F by investing in a single new house? Section 54 of the Income Tax Act, 1961 gives relief when a residential house is sold and the capital gain is invested in another residential house, while Section 54F of the Act gives relief when… […]
Penalty u/s 270A cannot stand Without Actual Under Reporting
Penalty u/s 270A cannot stand Without Actual Under Reporting Recently, in a writ petition, the court in the case of Srinivasa Gandhi Sampath v. ACIT (W.P. No. 22802 of 2022) has held that Penalty u/s 270A cannot stand Without Actual Under Reporting Let us have a Short Overview of the Case: – Facts of… […]
What counts as the “initiation of search” for non-searched persons post-Finance Act, 2021?
What counts as the “initiation of search” for non-searched persons post-Finance Act, 2021? The Madras High Court’s judgment in Shri Harigovind G. Ravindran HUF v. ACIT (2025) decisively addresses a critical issue under Section 153C of the Income-tax Act. The issue was “What counts as the “initiation of search” for non-searched persons post-Finance Act, 2021?” The… […]
