Held: In the instant case, the disallowance of interest expenses was made by AO by taking view that assessee had shown unsecured loan of Rs. 16,36,297/- and had also given loan and advances of Rs. 11, ...

The sine qua non for acquiring jurisdiction to reopen an assessment is that notice under section 148 should be issued to a correct person and not to a dead person. Consequently, the jurisdictional ...

5. It was further submitted that the petitioner is ready and willing to pay 10% of the disputed tax and that he may be ...

The DC found Mr. Ramkripal Sharma’s conduct deficient in transparency and diligence, failing to fulfill obligations under the Insolvency and Bankruptcy Code (IBC) and CIRP Regulations. This included a ...

The term ‘Banking Business Hours’ are the minimum number of hours that IBU shall provide services from its premises in IFSC.

The appellant argued that although they had initially waived the claim of Rs. 1,57,818/-, they later found documents that ...

Both parties presented their arguments, with the assessee contending that the cash deposits were sourced from its textile trading business, specifically from sales outside the books of accounts. The ...

The assessee contended before the Commissioner of Income Tax (Appeals) [CIT (A)] and subsequently the ITAT that sufficient ...

The assessee on show cause resisted the proceedings by filing a response. According to the assessee there was no intent to ...

Jharkhand High Court ruled in favor of Shri Sai Super Market, addressing the disallowance of Input Tax Credit (ITC) worth ₹11 ...

Mohanty Enterprises case, which allowed the revocation of cancellation for entities willing to comply with tax obligations.

Madras High Court held that disallowance of input tax credit for A.Y. 2019-2020 since claims has been lodged beyond the ...