Day: April 20, 2024

ITAT partly confirms addition of site expenses as unexplained expenditure for being not accounted for in the books of accounts in the expense ledger In a recent judgment, the ITAT has confirmed the addition of unexplained expenditure u/s 69C towards site expenses not accounted for in the books …

Special Court presided by a Sessions Judge or an Additional Sessions Judge will have jurisdiction to try the complaint under the IBC 2016 In a recent judgment, the Hon’ble Supreme Court has held that Special Court presided by a Sessions Judge or an Additional Sessions Judge will have …

Revenue not to take benefit of mistake committed by assessee. Gift wrongly executed through sale deed can not be taxed as capital gain In a recent judgment, the Hon’ble ITAT has held that revenue should not take the benefit of the mistake committed by the assessee. Gift to …

Under NI Act if cheque signed by drawer is given to payee ’reverse onus clause’ u/s 139 attracted. It is immaterial that particulars filled by someone else – Allahabad High Court  In a recent judgment, the Hon’ble High Court has held that Under NI Act if cheque signed …