• Income Tax

Changes in ITR form V and Acknowledgement for A.Y 2024 25 as per Finance Act 2023

2 years ago

Changes in ITR form V and Acknowledgement for A.Y 2024 25 as per Finance Act 2023 CBDT has amended ITR…

  • GST

HC grants bail as arrest order only stated assessee was master mind of fake GST ITC racket

2 years ago

High Court grants bail as order of arrest only stated assessee as master mind of the fake GST ITC racket…

  • Income Tax

Disallowance u/s 40A(3) for bearer cheque Payments. CBDT 1977 Circular not applicable

2 years ago

Disallowance u/s 40A(3) for bearer cheque Payments. CBDT 1977 Circular relied upon by assessee does not exits with amendment to…

  • Income Tax

ITAT remands assessment order passed ex-parte as assessee was illiterate housewife and widow

2 years ago

The ITAT remands the assessment order passed ex-parte as the assessee was illiterate housewife and widow and did what husband…

  • Income Tax

No automatic release of seized assets u/s 132B If no order is passed within 120 days – High Court

2 years ago

Section 132B of Income Tax Act 1961 does not stipulate that if no order is passed within 120 days, seized…

  • VAT

Men-rea essential pre-requisite for imposition of penalty u/s 54(1)(2) of U.P. VAT Act 2008 – HC

2 years ago

Men-rea on the part of the assessee is an essential pre-requisite condition for imposition of penalty under Section 54(1)(2) of…

  • Income Tax

No relief admissible u/s 89(1) towards compensation received on closure of plant

2 years ago

No relief admissible u/s 89(1) for compensation received on termination of employment due to closure of plant  In a recent…

  • Income Tax

Notices u/s 133(6) not enough for verification of loan transactions from shell companies. High Court

2 years ago

Notices u/s 133(6) not enough for verification of loan transactions from shell companies. AO ought to have done further inquiry…

  • arbitration

Reference in 2nd contract to 1st contract, not make arbitration clause ipso facto applicable – SC

2 years ago

Reference in second contract to first contract, would not make arbitration clause ipso facto be applicable to second contract -…

  • Income Tax

Mere use of word Islamic do not make trust created only for religious community or cast – ITAT

2 years ago

Mere use of term Islamic world or Islamic Scholars in objects would not make trust created only for a religious…