• Income Tax

Order rejecting registration u/s 12AB without confronting assessee with inspector’s report set aside

1 year ago

Rejecting application for registration u/s 12AB without confronting society with inspector’s report was violation of the principle of natural justice…

  • Income Tax

SC punished Income Tax Officials with fine for launching prosecution u/s 276C

1 year ago

Supreme Court punished Income Tax Officials with fine for launching prosecution u/s 276C without any order of the ITAT imposing…

  • Income Tax

Assessment proceedings vitiated by not taking cognisance of a valid revised return

1 year ago

Assessment proceeding was vitiated by not taking cognisance of a valid revised return by which original return stood obliterated. In…

  • Income Tax

Hundred percent addition on account of bogus purchase upheld – SLP dismissed

1 year ago

SLP dismissed against 100 percent addition made by the High Court on account of bogus purchase In a recent judgment…

  • Income Tax

Percentage completion method of accounting of real estate business was incorrect – ITAT

1 year ago

Application of percentage completion method of accounting of real estate business was incorrect as the project was not in the…

  • Income Tax

Provisions of Section 41(1) not apply to liabilities in respect of capital assets – ITAT

1 year ago

Provisions of Section 41(1) not applicable to liabilities written back which were incurred in respect of capital assets and were…

  • GST

Seizure of goods justified when e-way bill not generated on movement of goods

1 year ago

Seizure of goods justified when e-way bill was not generated immediately on movement of the goods but was generated after…

  • Income Tax

AO not bound to bring on record an acknowledgment of service of notice

1 year ago

AO not bound to bring on record an acknowledgment of service of the notice which is issued by registered post…

  • Income Tax

Addition u/s 68 deleted as time gap in cash withdrawal & deposit was normal in business

1 year ago

Addition u/s 68 deleted as time gap between cash withdrawal and cash deposit into bank account was similar to the…

  • Income Tax

ITAT upheld depreciation on goodwill generated in the course of amalgamation

1 year ago

When amalgamation is done in larger interest of business, depreciation on goodwill generated in the course of amalgamation allowable -…