Delhi High Court held that discrepancy in counting of notes and in some serial numbers cannot be reason for acquittal since ...

The case involved a cash seizure treated as unexplained solely because the tax officer assumed no response was filed. The ...

The Court held that a conditional stay requiring 20% deposit is not final. Assessees can seek review before the Principal CIT ...

The tribunal held that appellate orders passed ex-parte without examining merits violate natural justice. Matters were restored for fresh adjudication after giving proper ...

Capital gains were computed without allowing improvement costs due to submission of an incorrect valuation report. The Tribunal held that a bona fide mistake justified reconsideration with correct ...

The tribunal dismissed the appeal as time-barred because no condonation petition was filed. Delay without explanation renders the appeal ...

The tribunal upheld disallowance of employees’ PF and ESI contributions paid after statutory due dates. Following the Supreme Court’s Checkmate ruling, delayed deposits are deemed income and not ...

The case examined whether interest beyond Section 24 limits could be claimed when loan funds were temporarily used elsewhere. The Tribunal ruled that authorities must verify real deployment of funds ...

The dispute centered on whether omission to verify exceptional items prejudices revenue. The Tribunal upheld revision, emphasizing Explanation 2 to section 263. The ruling reinforces that absence of ...

The court ruled that Section 74 proceedings cannot be invoked in the absence of fraud or wilful suppression, especially where tax and interest were voluntarily paid before ...

The Court ruled that omission to issue Section 143(2) vitiates reassessment at the root. Such a defect cannot be cured, even if the return is alleged to be ...

The core issue was whether lack of knowledge of proceedings justified late appeals. The Tribunal held that notices sent to an inaccessible email amounted to sufficient cause. The decision emphasizes ...