2022-TIOL-904-ITAT-AHM

Kansara Popatlal Tribhuvan Metal Pvt Ltd Vs Pr.CIT

Whether for purpose of sec 115J, assessee can claim depreciation at rates provided under Income-tax Rules and need not adopt rates prescribed under Companies Act - YES : ITAT

- Assessee's appeal partly allowed: AHMEDABAD ITAT

2022-TIOL-903-ITAT-AHM

Bhavani Cotton Ginning And Pressing Factory Vs ITO

Whether assessee is entitled for deduction against profit estimated by AO after rejecting the books of accounts of such expenses being interest on partners' capital account and remuneration to partners - YES : ITAT

- Assessee's appeal partly allowed: AHMEDABAD ITAT

2022-TIOL-902-ITAT-AHM

Rajvee Tractors Pvt Ltd Vs ACIT

Whether admission made by buyer of property before Settlement Commission does not establish fact that assessee has received unaccounted consideration - YES : ITAT

- Assessee's appeal allowed: AHMEDABAD ITAT

2022-TIOL-93-AAR-GST

Ola Electric Technolgies Pvt Ltd

GST - Transaction of transfer of right to do integration testing, installation and marketing software from the applicant to Karnataka Cost centre of the company is a supply of service and leviable to GST as such transaction is being executed between two distinct persons i.e., two cost centers of the same entity: AAR

- Application disposed of: AAR

2022-TIOL-68-SC-VAT

CST Odisha Vs Essel Mining And Industries Ltd

Whether even with the statutes providing for the time limit, there is a distinction between statutes providing for consequence for not acting with the time limit and statutes not providing for any such consequences - YES: SC

- Case deferred: SUPREME COURT OF INDIA