Important Updates Of Case Laws, Articles And Association News

[itatonlinenews]

Dear Subscriber,

 

The following important updates are available at itatonline.org:

 

Join the itatonline.org Telegram Channel for speedy updates

 

Association News

 

All India Federation of Tax Practitioners announce a series of online lectures on Income Tax Act, 2025 under already Announced Weekly Webinar Series 2025.

 

📣 Announcement 📢 All India Federation of Tax Practitioners announce a series of online lectures on Income Tax Act, 2025 under already Announced Weekly Webinar Series 2025. Day, Date & Time: Friday, 26th September, 2025 at 5.00 p.m. Sharp Topic: Prosecution (Chapter XXII Clauses 473 to 498 except Clauses 476... [Read more]

---

Schedule of Non-Sitting Days of ITAT Benches During Dussehra, Diwali & Christmas Vacations (As Approved by Hon’ble President, ITAT)

 

[Read more]

 

Case Laws

Abdul Mannan v. ITO (CALCUTTA HIGH COURT)

CALCUTTA HIGH COURT : S. 254(1) : Appellate Tribunal-Powers-Tribunal remanding matter with cost-Cost of ₹50,000 imposed on small trader held to be harsh and unjustified - Order of Tribunal set aside. [S. 250(6), 254(2B), 260A] The assessee, a small trader of glass articles, filed appeal against the order of the ITAT, Kolkata `SMC’ Bench, for AY 2017–18. The ITAT… Read More ...

---

M/S. SHIV STEELS VERSUS THE STATE OF ASSAM (SUPREME COURT)

Supreme Court: Tax cannot be imposed by inference or by trying to probe into the intention of the legislature and by considering what was the substance of the matter (i) The assessments undertaken for the three years were already held to be invalid because of being time barred, in view of Section 19 of the Assam General… Read More ...

---

ITO v. Pradeep Kumar Agarwal (ITAT Jaipur)

Jaipur Tribunal : S. 69C : Unexplained expenditure -Bogus Purchases-Hawala- Accommodation entries - Purchases duly supported by bills, cheque payments, confirmations, and accepted sales cannot be treated as bogus. Disallowance of entire purchases unjustified-Disallowance deleted- Bombay High Court ruling in PCIT v. Kanak Impex (India) Ltd [2025] 474 ITR 175 / 172 taxmann.com 283 (Bom)(HC) is distinguished. [S.… Read More ...

---

Palmon Impex Pvt. Ltd. v. ITO (ITAT Mumbai)

Mumbai Tribunal : S. 69C : Unexplained expenditure -Bogus Purchases – Estimation of profit element – When purchases were supported by bills, bank payments and sales not disputed, addition restricted to 12.5% of alleged bogus purchases; Bombay High Court ruling in PCIT v . Kanak Impex (India) Ltd [2025] 474 ITR 175 / 172 taxmann.com 283 (Bom)( HC)… Read More ...

 

Regards,

 

Editorial Board

 

itatonline.org