Where addition on account of unexplained investment in property was made without any basis and findings of AO were contrary to the material on record such as registered sale deed itself, the said addi ... Read more..

Where tax effect involved in appeal filed by Revenue before Tribunal was less than Rs. 60 lakhs, the said appeal would not be maintainable in the light of CBDT Circular No. 09 of 2024, dt. 17-09-2024. ... Read more..

Where assessment order was passed ex-parte qua assessee and order passed by CIT(A) was also ex-parte qua assessee and non-speaking order, the impugned order of CIT(A) was set aside and matter was rema ... Read more..

Since the order in original was barred by limitation, as the same was passed after the extended time limit for the relevant period, the order in original was liable to be set aside on the ground of li ... Read more..

Where neither the date for personal hearing was fixed nor the adjudicating authority considered the reply furnished by the assessee, thereby violating the principle of natural justice, the adjudicatio ... Read more..

Rule 86A could not have been exercised to block the Input Tax Credit in assessees Electronic Credit Ledger, as when the blocking orders made, the ITC available in the Electronic Credit Ledger was "Nil ... Read more..

The brokerage or commission amount is said to be of operational nature and treated accordingly. ... Read more..

Application under section 95 is liable to be rejected where it is being filed after the expiry of limitation period as prescribed. ... Read more..

For invoking section 29A(c) of IBC, it has to be proved that at time of submission of resolution plan, the SRA had an account classified as an NPA; and one year has elapsed from the date of such class ... Read more..