Day: January 12, 2019
Prosecution u/s 276CC-Challenge to satisfaction note u/s 153C rejected. If view taken by trial court is reasonable possible view, it is not to be disturbed ABCAUS Case Law Citation: ABCAUS 2716 (2019) (01) AC Important Case Laws Cited/relied upon: Pepsi Foods Pvt. Ltd. Vs. Assistant Commissioner of Income …
Limitation period not prescribed for service of assessment order but it must be served within reasonable time as held by the various high courts – ITAT ABCAUS Case Law Citation:ABCAUS 2715 (2019) (01) ITAT Important Case Laws Cited/relied upon:CIT Vs. Subrata Roy,(2014(7) TMI42)ACIT Vs. Orissa Stevedores LtdState of …
Transfer of creditor balances to capital account for better bank loan facilities was not waiver of liability u/s 41(1) being without consent form creditors ABCAUS Case Law Citation: ABCAUS 2714 (2019) (01) ITAT Important Case Laws Cited/relied upon: Commissioner of Income tax Vs Sugauli Sugar Works (P.) Ltd …