• Income Tax

Software expenses on GDMS of Hyundai motor held revenue in nature

7 years ago

Software expenses on Global Dealers Management System of Hyundai motor held to be revenue in nature as it was a…

  • Income Tax

Penalty u/s 271D unjustified when bank refused loan

7 years ago

Penalty u/s 271D unjustified when bank refused loan and cash was obtained for meeting urgent business expenses as it was…

  • Income Tax

Penalty u/s 271D absurd when assessee himself was karta of HUF giving cash

7 years ago

Penalty u/s 271D was absurd when assessee himself was karta of HUF from where he obtained cash loan-ITAT deleted penalty…

  • Income Tax

Taxability of interest received u/s 28 of Land Acquisition Act 1894-Settled Law

7 years ago

Taxability of interest received u/s 28 of Land Acquisition Act 1894. ITAT quashed CIT order believing that division bench order…

  • Income Tax

Carry forward of unabsorbed depreciation beyond 8 years-SC dismisses SLP of ITD

7 years ago

Carry forward of unabsorbed depreciation beyond 8 years for periods prior to amendment to section 32(2)- SC dismisses SLP of…

  • Income Tax

Reopening for verification of bogus purchases-SC dismisses SLP of ITD

7 years ago

Reopening for verification of purchases from hawala dealer-Supreme Court dismisses SLP of the Department challenging dismissal of appeal by High…

  • Finance Ministry

Compliance must be made simpler for honest tax payers – Finance Minister

7 years ago

Compliance must be made simpler for honest tax payers - Finance Minister stresses on simplification, transparency technology to smooth tax…

  • bankruptcy

SC upholds Constitutional Validity of various provisions of IBC 2016

7 years ago

Supreme Court upheld Constitutional Validity of various provisions of the Insolvency and Bankruptcy Code, 2016 ABCAUS Case Law Citation: ABCAUS…

  • Income Tax

No penalty u/s 271D when cash loans treated as undisclosed income u/s 68

7 years ago

No penalty u/s 271D can be levied when cash loans were treated as undisclosed income of the assessee u/s 68…

  • bankruptcy

IBBI Regulations amended to provide for performance security by resolution applicant

7 years ago

IBBI (Insolvency Resolution Process for Corporate Persons) Regulations 2016 amended to provide for performance security by resolution applicant Insolvency and…