Category: Judgments
Clandestine removal of goods without payment of excise duty can not be alleged on the basis of bilties/GRs recovered from transporters without conducting any investigation. – HC ABCAUS Case Law Citation: ABCAUS 2789 (2019) (02) HC The respondent-assessee was a company registered under the Indian Companies Act and was …
Question of ITC in Building Construction Material such as Angle, Cement, H.R. Sheets, Channel, Cylinder etc. under UPVAT – High Court admits Petition ABCAUS Case Law Citation:ABCAUS 2788 (2019) (02) HC The respondent company had claimed Input Tax Credit (I.T.C.) in regard to the Building Construction Material such …
No penalty u/s 271A when assessee was under Bonafide belief that being covered under section 44AF he was not required to maintain books of account ABCAUS Case Law Citation: ABCAUS 2787 (2019) (02) ITAT Important Case Laws Cited/relied upon by the parties ACIT vs Anil Luthra (2001) 116 …
Rectification order u/s 154 revising NP rate on the basis of previous year’s chart was beyond the scope of rectification of mistake and amounted to change of the decision – ITAT ABCAUS Case Law Citation: ABCAUS 2786 (2019) (02) ITAT The assessee had challeneged the rectification order passed …
Even if at passing the original assessment order, there is a mistake or non-application of mind, initiation of re-assessment the proceedings bad in law – HC ABCAUS Case Law Citation: ABCAUS 2785 (2019) (02) HC Important Case Laws Cited/relied upon by the parties Calcutta Discount Co. Ltd. Vs. …
Statement recorded u/s 131 though binds the assessee cannot be independently used for making addition unless corroborated by evidences – ITAT ABCAUS Case Law Citation: ABCAUS 2784 (2019) (02) ITAT Important Case Laws Cited/relied upon by the parties CIT Vs M/s. Hotel Meriya ; Produce Co. Ltd. vs …
TDS credit for wrong PAN mentioned in TDS return by employer- ITAT directs Assessing Officer (AO) to give credit of TDS to the assessee after verification ABCAUS Case Law Citation:ABCAUS 2782 (2019) (02) ITAT The sole issue involved in the instant appeal was that the CIT(A) had not …
Corpus donation with specific purpose of purchase of lands for furtherance of the objects not income u/s 2(24)(iia) as they were capital receipts for specific purpose – ITAT ABCAUS Case Law Citation: ABCAUS 2781 (2019) (02) ITAT Important Case Laws Cited/relied upon by the parties ITO Vs. Vokkaligara …
Important rulings of Supreme Court made while dismissing appeals against the NCLAT Order on section 30(4) relating to voting percentage etc. ABCAUS Case Law Citation:ABCAUS 2779 (2019) (02)SC This note has been prepared by Legal Division of the IBBI for the sole purpose of creating awareness and must …
Jewellery Bills found during search-benefit of CBDT Instruction can not be denied if only bills are found and the jewellery is not available ABCAUS Case Law Citation: ABCAUS 2778 (2019) (02) ITAT Important Case Laws Cited/relied upon by the parties CIT V Rtanlal Vyaparilal Jain 339 ITR 351 …
