Gujarat High Court quashes Faiz Enterprise's GST cancellation orders after finding reliance on non-existent and irrelevant AI-generated case laws, and mandates verification safeguards for AI use by tax authorities.
Read Full ArticleITAT Delhi deletes ₹3,885 crore angel tax addition against OYO, holding Section 56(2)(viib) cannot apply to intra-group capital infusion.
Mumbai ITAT deletes ₹11.59 crore addition under Section 69A, holding broker’s papers and a retracted statement insufficient to prove alleged on-money receipts.
ITAT Mumbai dismisses Revenue appeals, upholding deletion of ₹35.87 crore addition on cash withdrawals made for construction business expenses.
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