Fox Mandal & Co approached the Supreme Court of India challenging a Rs 3.9-crore service tax demand from the pre-GST regime; a bench of PS Narasimha and Alok Aradhe granted two weeks to file missing documents.
The Income Tax Appellate Tribunal annulled a reassessment order against Lalit Kumar Modi for AY 2010–11 that had raised his taxable income from Rs 54.81 lakh to Rs 20.12 crore, citing unexplained credit card spending, private jet lease and fuel costs, and Golden Wings liabilities.
The High Court of Jammu & Kashmir and Ladakh quashed reassessment proceedings for AY 2013–14 as time-barred. A bench of Justice Sindhu Sharma and Justice Shahzad Azeem set aside orders issued under Income Tax Act, 1961 Sections 148A(d) and 148.
The Chennai Bench of the Customs, Excise and Service Tax Appellate Tribunal set aside a Rs 56 lakh service tax demand against actor Rajinikanth, ruling hotel buildings are exempt from service tax under the Finance Act, 1994 provisions.
The Madras High Court directed the Income Tax Settlement Commission to reconsider Khazana Jewellery’s settlement plea involving 268 kg undisclosed gold stock, quashing its 2020 rejection and ordering a fresh review to avert penalties, interest, and prosecution.
The Delhi High Court held that reassessment initiated solely on an audit objection, despite prior scrutiny, amounted to an impermissible review and clear change of opinion. It ruled the notice was time-barred under Section 149, as inapplicable facts existed.
