Category: Supreme Court
Amendment to Section 153C vide Finance Act, 2015 applicable to searches conducted u/s 132 before 01.06.2015 – Supreme Court ABCAUS Case Law Citation:ABCAUS 3698 (2023) (04) SC Important Case Laws relied upon by parties:Pepsico India Holdings Private Limited Vs. Assistant Commissioner of Income Tax, 2014 SCC OnLine Del …
Banks to offer opportunity of hearing to borrowers before classifying their account as fraud – Supreme Court ABCAUS Neutral Case Law Citation:ABCAUS 3693 (2023) (03) SC In the instant case, RBI and various banks had challenged the order passed by the High Court holding that the principles of …
Period of limitation for block assessment u/s 158BC/158BE commences from the date of last Panchnama, not the date of last authorization – SC ABCAUS Neutral Case Law Citation:ABCAUS 3692 (2023) (03) SC Important Case Laws relied upon by parties:C. Ramaiah Reddy v. Assistant Commissioner of Income Tax, (2011)244 …
Validity of Notice u/s 148. It is not necessary that original assessment order should contain discussion to disclose satisfaction. ABCAUS Case Law Citation:ABCAUS 3657 (2023) (02) SC Important Case Laws covered:Aroni Commercials Ltd. vs. Deputy Commissioner of Income Tax 2014] 44 taxmann.com 304 (Bombay) In the instant case, …
Refund of amount wrongly transferred to an entry provider party whose bank account was attached by Income Tax Department declined- SLP dismissed by Supreme Court ABCAUS Case Law CitationABCAUS 3655 (2023) (02) SC As alleged by the petitioner, in the course of its business it sought to invest …
Manner and contents of assessment order framed not determinative whether or not reopening is a case of change of opinion – Supreme Court ABCAUS Case Law CitationABCAUS 3653 (2023) (02) SC Important Case Laws covered:Commissioner of Income Tax v. Kelvinator India Limited reported in 320 ITR 561 SCCommissioner …
Non searched persons liable to pay interest on late filing of return u/s 158BC even in absence of a notice u/s 158BC and even for the period prior to 01.06.1999 – Supreme Court ABCAUS Case Law Citation ABCAUS 3643 (2023) (01) SC Important Case Laws relied upon:Mathuram Agrawal …
A party to contract not entitled to question amount of consideration after signing the contract – Supreme Court ABCAUS Case Law Citation ABCAUS 3642 (2023) (01) SC In the instant case, the State Government (the Appellant) had challenged the judgment of the Division Bench of the High Court …
Supreme Court amends section 10(26AAA) to extend exemptions to Sikkimese and women who marries non Sikkimese ABCAUS Case Law Citation ABCAUS 3641 (2023) (01) SC In the instant case a writ was filed before the Hon’ble Supreme Court praying striking down Section 10(26AAA) of the Income Tax Act, …
Entrance fee received by Club capital receipt not revenue. Supreme Court dismissed SLP of the Income Tax Department ABCAUS Case Law Citation ABCAUS 3634 (2023) (01) SC Important Case Laws relied upon:CIT vs. Diners Business Services Pvt. Ltd 263 ITR 1 (Bom.) In the instant case. SLP was …