Author: administrator

Tender condition to submit income tax return of the “previous financial year” would not mean Financial Year for which time for filing ITR has not expired – SC In a recent judgment, Hon’ble Supreme Court has held that auction notice requiring bidders to submit income tax return of …

The object of a procedure is to advance the cause of justice. Procedural law is not to be tyrant but a servant not an obstruction but an aid to justice – ITAT In a recent judgment, ITAT Agra has held that the object of prescribing procedure is to …

Arm’s Length Price allowable variation limits u/s 92C notified for AY 2025-26 MINISTRY OF FINANCE(Department of Revenue) Notification No.157/2025 New Delhi, the 6th November, 2025 Income Tax S.O. 5053(E).— In exercise of the powers conferred by the third proviso to sub-section (2) of section 92C of the Income-tax …

NHAI invites EOI for empanelment of Law Firms/Advocates for Land Acquisition cases on Arbitration & District Courts. NHAI invites applications from eligible and experienced legal firms I Advocates for empanelment to represent this office before the Arbitration  Tribunal, District Courts in various legal matters related to Land Acquisitions …

When tax was paid by supplier in the form GSTR-01 & GSTR-3B, no adverse inference can be drawn against the purchaser on the premise that the registration of the seller dealer was cancelled subsequently. In a recent judgment, Allahabad High Court has quashed order passed under section 74 …

Mere repetitive use of the word “Arbitration” in agreement without any substantive part relating to arbitration is not a valid arbitration agreement – Supreme Court In a recent judgment, the Hon’ble Supreme Court Mere use of the word “Arbitration” in the title of the clause without any corresponding …

Failure to disclose conviction u/s 138 of NI Act, 1881 in election nomination form and affidavit, election was rendered void despite subsequent acquittal – SC In a recent judgment, Hon’ble Supreme Court has held that failure to disclose conviction u/s 138 of the Negotiable Instruments Act, 1881 in …

Charitable Institution is entitled to application of 15 per cent of gross receipts u/s 11(1)(a) without considering expenditure incurred or surplus available In a recent judgment, ITAT Pune has held that Charitable Institution is entitled to application of 15 per cent of gross receipts u/s 11(1)(a) without considering …

Declaring deemed profit u/s 44AE against business payments claimed as expenditure by related party was legal tax-planning – ITAT In a recent judgment, ITAT Delhi has upheld the finding of CIT(A) that transactions with related party who claimed 100 % expenditure of payments made to assessee who in …

Audit Objections can be basis for reopening but mere quoting audit objection ignoring reply of assessee is non application of mind – SLP dismissed In a recent judgment Hon’ble Supreme Court dismissed the Special Leave Petition of the Revenue upholding High Court order quashing of order u/s 148A(d) …