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Manoj Lachhmandas Jagwani vs ACIT – DVO-Based Property Valuation Cannot Sustain Penalty Under Section 270A | ITAT Mumbai 2017-18
Facts of the CaseThe assessee, Manoj Lachhmandas Jagwani, engaged in a
transaction involving immovable property. During assessment proceedings, the Assessing
Officer (AO) referred the property valuation to the Departme...
Directorate General of Goods and Services Tax Intelligence (HQS) & Ors. vs Gameskraft Technologies (P) Ltd. & Ors. – Constitutional Validity of GST on Online Gaming, Fantasy Sports, Poker, Rummy under Sections 2(31), 2(52), 7, 9 & 15 of CGST Act
Facts of the CaseThe dispute involved the levy of GST on online
gaming platforms, including fantasy sports, poker, rummy, and other games where
players stake money on uncertain outcomes. Gaming companies argued that:
...
Ajay Gupta vs DCIT – Deletion of Section 68 and 69C Additions in Penny-Stock Capital Gains Case (Income Tax Act, 1961)
Facts of the Case:The assessee, Ajay Gupta, purchased and sold shares of
a listed company, resulting in substantial long-term capital gains. During
assessment, the assessee furnished complete documentary evidence, incl...
The revised Code of Ethics (13th edition)- Volume-I, II & III is applicable with effect from April 01, 2026 except for the s.no. (xxxi)
ICAI Code
of Ethics (13th Edition) – Volume I (Domestic Provisions) – Detailed Key
HighlightsThe 13th
Edition of ICAI Code of Ethics Volume-I is applicable from 1 April 2026.
It contains domestic provisions under...
Kunal Traders vs. State of Karnataka: Key Takeaways from the High Court of Karnataka (Dharwad Bench) on GST Compliance
Assessee got favourable ITC unblocking order, but Department issued rectification beyond 6 months; Karnataka High Court quashed rectification and SCN as time-barred and without jurisdiction.Whether a rectification order ...
GSTAT Structure & Statistics at a glance, the tribunal's infrastructure
🏛️ GSTAT Structure & Statistics at a glance, the tribunal's infrastructure consists of:40+ Locations Across India24 States/UTs covered100+ Officers3 Case CategoriesHierarchy of BenchesPrincipal Bench: New DelhiS...
Ashok Chaddha vs. Income Tax Officer: Validity of Section 143(2) Notice in Section 153A Search Assessments and Addition of Unexplained Money under Section 69A
Facts of the Case
Search
Operations: A search under Section 132(1) of the Income
Tax Act, 1961 was conducted at the residential premises and bank locker of
the Assessee, Ashok Chaddha. During the sear...
Anil Batra v. Chief Commissioner of Income Tax: Compounding of Technical Offenses under Section 276B of the Income Tax Act Post Filing of Criminal Complaint/Conviction
Facts of the Case
Corporate
Position and TDS Defaults: The Petitioner served as
the Managing Director of M/s Anil Batra and Associates Private Limited.
During the Assessment Years (AY) 1982-83, 1983-8...
6 AIS Mismatches That Can Trigger Income Tax Notices in AY 2026-27: A Complete Pre-Filing Checklist
With the Income Tax Department leveraging integrated data analytics and automated matching systems for Assessment Year (AY) 2026-27, even a minor oversight can halt your processing. The department now cross-checks your I...
In the High Court of Delhi at New Delhi (Income Tax Appellate Jurisdiction) | Commissioner of Income Tax vs. M/s S.R. Fragrances Limited (ITA No. 407/2010 & ITA No. 965/2010) — Landmark Ruling on the Absolute Extinguishment of Consequential Penalty Orders Under Section 271(1)(c) of the Income Tax Act, 1961 Following the Definitive Judicial Deletion and Confirmation of Underlying Quantum Additions
Facts of the CaseThe case originated from assessment proceedings where the
Assessing Officer (AO) made substantial additions to the taxpayer's total
assessable income during the quantum assessment phase. Believing that...