Judgments Archive

Delhi HC orders Bank Chairman to inquire attachment of wrong property on private detective agency report’s basis

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Delhi HC orders Bank Chairman to inquire attachment of wrong property on private detective agency report basis and fix responsibility for negligent acts without due diligence and basic title research/inspection.   ABCAUS Case Law Citation: ABCAUS 1280 (2017) (06) HC Brief Facts of the Case: As per record, Canara

Mere third party statement of accommodation entries not sufficient to reopen assessment

Author: | Categories: Income Tax, ITAT, Judgments No comments
Mere third party statement of accommodation entries not sufficient to reopen assessment in the absence of any nexus of statement to alleged share applicants-ITAT ABCAUS Case Law Citation: ABCAUS 1279 (2017) (06) ITAT The Grievance: The appellant assessee was aggrieved by the order passed by the Commissioner of Income

Appeal before CIT rejected for not filed electronically remanded for reconsideration by removing defect

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Appeal before CIT rejected for not filed electronically remanded. Sufficient time to be given to assessee to remove defect by filing e Form-35 – ITAT ABCAUS Case Law Citation: ABCAUS 1278 (2017) (06) ITAT The Grievance: The appellant assessee was aggrieved by the order passed by the Commissioner of

No Addition for upto 10 percent difference in DVOs report and investment shown by the assessee-ITAT

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No Addition for upto 10 percent difference in DVOs report and the amount of investment shown by the assessee which is liable to be ignored – ITAT ABCAUS Case Law Citation: ABCAUS 1277 (2017) (06) ITAT The Grievance: The appellant assessee was aggrieved by the order passed by the

Time Limit for assessment complettion when ITAT simply restored matter to AO without any finding or direction

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Time Limit for assessment-When ITAT simply restored matter to AO for fresh adjudication without any finding or direction, section 153(2A) was applicable and the order was subject to time limitation prescribed. Time Limit for assessment completion u/s 153 ABCAUS Case Law Citation: ABCAUS 1276 (2017) (06) ITAT The Grievance:

No PAN invalidation for non linking with Aadhaar-SC Stays the provision. Read Full text of Supreme Court Judgment

Author: | Categories: Aadhaar, Judgments, Supreme Court No comments
No PAN invalidation for non linking with Aadhaar. Supreme Court stays provision for linking of PAN with Aadhaar No PAN invalidation for non linking with Aadhaar-Supreme Court. The The Hon’ble Supreme Court of India has pronounced its judgment on the matter on the linking of Aadhaar to Income tax

Only real income can be taxed under Income Tax Act – Bogus Purchase addition restricted to 10%

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Only real income can be taxed under Income Tax Act. Even if whole transaction is not verifiable only income component not the entire purchase taxable ABCAUS Case Law Citation: ABCAUS 1275 (2017) (05) ITAT The Grievance: The appellant assessee was aggrieved by the order passed by the Commissioner of
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