High Courts

  • Income Tax

Front end fees paid to bank for new loan is revenue in nature, can be amortized – High Court

Front end fees paid to bank for obtaining new loan is revenue expenditure by nature and the assessee is entitled…

5 years ago
  • Income Tax

Income Tax Act does not invite any pre-deposit for staying recovery of demand-High Court  

Income Tax Act does not invite any pre-deposit for stay of demand. 20 per cent amount prescribed by CBDT Instruction…

5 years ago
  • Income Tax

Revisional order u/s 263 quashed following rule of consistency

Revisional order u/s 263 quashed following rule of consistency, Revenue argued that the principle of res judicata has no application…

5 years ago
  • Income Tax

There is distinction between questions of law proposed & questions framed by  Court – SC

There is distinction between questions of law proposed by appellant for admission of  appeal and  questions framed by  Court –…

5 years ago
  • Income Tax

Revision of settlement application u/s 245C(1) offering higher amount not permissible

Revision of settlement application u/s 245C(1) offering another higher amount not allowed as assessee has to make full and true…

5 years ago
  • Income Tax

Sale of property mortgaged to bank held liable to capital gain tax. Encumbrance not deductible u/s 48

Sale of property mortgaged to bank liable to capital gain tax. Encumbrance created as a guarantee by assessee not deductible…

5 years ago
  • Income Tax

High Court imposes penalty on I T Deptt. for harassing assessee by illegally attaching bank

High Court imposes penalty of Rs. 50,000/­ on Income Tax Department for harassment of assessee in illegally attaching bank account…

5 years ago
  • Prevention of Money Laundering Act 2002

Attachment of Property under PMLA & bonafide third party claim – High Court explain the law

Attachment of Property under PMLA and bonafide third party claim – High Court explain the law and Prerequisites for a…

5 years ago
  • Income Tax

Make My Trip was not liable to deduct TDS on payment gateway charges paid to Banks – HC

Make My Trip was not liable to deduct TDS on gateway charges payments to Banks – High Court upheld ITAT…

5 years ago
  • Income Tax

Share application money in excess of authorized capital a valid reasons to issue reassessment notice

Share application money received vastly in excess of the authorized capital was valid reasons to issue reassessment notice u/s 148…

5 years ago