• Income Tax

First-time experience in filing appeal a reasonable & bona fide cause for delay

11 months ago

First-time experience in filing appeal was a reasonable and bona fide cause for delay – ITAT condoned delay In a…

  • GST

Non-disclosure of destination place in documents no ground for seizure u/s 129 of GST Act.

11 months ago

Mere nondisclosure of place of destination in the documents cannot be a ground for seizure u/s 129 of GST Act.…

  • arbitration

Charging of exorbitant interest in commercial transactions not against morality or justice

11 months ago

Imposition of exorbitant interest in contemporary commercial practices not against the fundamental policy of Indian Law, or against the morality…

  • Income Tax

Assessees not required to prove “source of the source‟ of funds Prior to Finance Act 2022

11 months ago

Assessees was  not required to prove the “source of the source‟ of funds received as unsecured loans Prior to the…

  • Income Tax

During pendency before settlement commission, assessee have right to contest assessment

11 months ago

The contention that during the pendency of case before settlement commission, the assessee must give up his right to contest…

  • Income Tax

Entire amount of undisclosed money cannot be treated income but only profit embedded

11 months ago

Entire amount of undisclosed money cannot be treated as income and only estimated profit embedded in these transactions may only…

  • GST

Penalty confirmed as loading point of the goods was different as declared in E- Way Bill

11 months ago

Penalty confirmed as loading point of the goods loaded in vehicle was different as declared in E- Way Bill which…

  • Income Tax

Notice u/s 143(2) send by email fifty seconds before signing by AO not a legal notice

11 months ago

Notice u/s 143(2) send by email fifty seconds before signing by the Assessing Officer was not a legal notice -…

  • Income Tax

Amount shown payable & receivable by both parties, not unexplained money – ITAT

11 months ago

Once investment amount reflected as payable and receivable in the books of accounts of both parties, no addition can be…

  • Income Tax

Consolidated satisfaction note for all assessment years fatal to jurisdiction u/s 153C

11 months ago

Recording consolidated satisfaction note for various assessment years is fatal to the very assumption of jurisdiction under section 153C -…