Important Updates Of Case Laws, Articles And Association News
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Association News
AIFTP Book Dedicated to “Operation Sindoor” on Cyber Crimes and Financial Offences Released at 28th National Convention
On the occasion of 28th convention of the All India Federation of Tax Practitioners (AIFTP) held on 11-12-2025, the Hon’ble Justice Mr. Ujjal Bhuyan, Judge, Supreme Court of India and Hon’ble Justice Mr. Vibhu Bakhru, Chief Justice, High Court of Karnataka, released the publication of the AIFTP titled “Cyber Crimes... [Read more]
Case Laws
Global Waste Management Cell Pvt. Ltd. v. ACIT (ITAT Mumbai)Mumbai Tribunal : S. 254(2) : Rectification of mistake apparent on record – Subsequent judgment of Supreme Court cannot be ground for recall/rectification – Tribunal having followed binding jurisdictional High Court judgment at the time of passing original order – No mistake apparent from record – Miscellaneous Application dismissed. [S. 36(1)(va), 43B] The Assessing Officer, while processing the… Read More ...
Bombay High Court: S. 226 : Collection and mode of recovery - Recovery of tax –Pendency of appeal before CIT( A) - Stay of demand – Non-speaking order– Application of mind – Principles of natural justice - Allowing the writ, the Court held that the order rejecting the assessee’s stay application was a non-speaking order passed without considering… Read More ...
Bombay High Court: S. 154 : Rectification – Mandatory requirement of DIN – Back-dated rectification order – Limitation – Violation of CBDT Circular No. 19/2019 – Order deemed never issued – Writ maintainable despite alternate remedy. [S. 119, 154(3), 154(7), 250, 292B, Art. 226] The assessee challenged a rectification order purportedly dated 29-03-2024 passed u/s 154 giving effect… Read More ...
IN THE INCOME TAX APPELLATE TRIBUNAL “SMC” BENCH, MUMBAI: The assessee has earned interest income to the tune of Rs. 4,85,800/- on FDR maintained with Saraswati Co-operative Bank and claimed the same as deduction u/s. 80P(2)(d) of the Act which was disallowed by the Authorities below by their respective orders. Admittedly identical issue has already been decided in favour of the then Assessees by… Read More ...
SUPREME COURT: S. 69C : Unexplained expenditure-Bogus purchases-Information from Sales-Tax Department-Failure to prove genuineness of purchases-Order of the Appellate Tribunal holding that only profit estimation at 12. 5% was set aside-Order of the Assessing Officer confirming the addition of entire purchases a bogus under section 69C of the Income-tax Act was affirmed by High Court - SLP… Read More ...
SUPREME COURT: S. 261 : Appeal - Supreme Court -Limitation : Condonation of delay- Strictures-Departmental delay of 524 days-Unsatisfactory explanation-Internal procedural delays such as multiple scrutiny reports, repeated vetting and lack of timely direction for filing SLP held to be avoidable-However, considering that other matters on similar issue were already entertained, Supreme Court condoned the delay as… Read More ...
Mumbai Tribunal : S. 56 : Income from Other Sources-Stamp duty valuation-Difference between agreement date and registration date–Allotment letter treated as “agreement”–Part consideration paid through banking channel before agreement–Stamp duty valuation to be adopted as on date of allotment–Addition deleted. [S. 50C ,56(2)(vii)(b).] Where the assessee purchased a flat for ₹1,10,00,000 and the AO made an addition of… Read More ...
Articles
Law of evidence vis-a-vis the CGST Act, 2017
By P. V. Subba Rao, Advocate, Hyderabad: 'सतां हि सन्देहपदेषु वस्तुषु प्रमाणमन्तःकरणप्रव्रुत्तयः ॥ --from ‘Abhijnaana Saakuntalam’ of Mahaakavi Kaalidas ‘For the virtuous, in matters where doubt arises, the actions of one’s inner conscience are the true evidence.’ Read More ...
Regards,
Editorial Board