ITAT Delhi Restricts Profit Estimate in Milk Trading Case to 5%, Rejects Arbitrary 20% Addition
ITAT Delhi restricts ad-hoc profit addition in milk trading case to 5%, ruling that arbitrary 20% estimates under Section 69A lack evidence.
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ITAT Delhi restricts ad-hoc profit addition in milk trading case to 5%, ruling that arbitrary 20% estimates under Section 69A lack evidence.
ITAT Ahmedabad rules that no deemed rent can be added on vacant flats if landlords made genuine efforts to rent them under Section 23(1)(c).
Supreme Court dismisses Tata Sponge Iron’s challenge to the Odisha Entry Tax Act, refusing refund and reaffirming states’ power to levy entry tax.
Supreme Court rejects Income Tax Department’s delayed SLP against Adani Power, calling it “stamp-seeking” litigation and upholding the Gujarat High Court’s ruling.
GSTAT grants six-month leniency in GST appeal scrutiny, directing registries to flag only substantive defects during the initial rollout of the new GSTAT portal.