Judgments

  • Income Tax

Jewellery purportedly received from grandparent under Will added as unexplained credits

Addition u/s 68 for jewellery purportedly received on death of grandparent under Will upheld. In a recent judgment, ITAT upheld…

1 day ago
  • Income Tax

Commonality of directors of companies does not mean deposits received was bogus

Merely because directors of two companies were common not mean that deposits received was bogus and companies were shell companies…

2 days ago
  • ITAT

Application though named as rectification but if tax is not legitimate, it also touches merit: HC

Application though named as rectification but if tax imposed is not legitimate then it also touches upon the merit –…

2 days ago
  • Income Tax

Cost of acquisition as on 01.04.1981 taken as per valuer report by reverse indexing of FMV

Cost of acquisition as on 01.04.1981 taken as per valuer report by reverse indexing of current FMV to be further…

3 days ago
  • Income Tax

AO was directed to serve notice of hearing through physical mode upon assessee 

ITAT directed AO to serve notice of hearing both through electronic and physical mode upon the assessee  In a recent…

3 days ago
  • Income Tax

Revisionary order purportedly passed earlier but dispatched after written Submissions quashed 

High Court sets aside revisionary order purportedly passed earlier but dispatched after written Submissions were filed  In a recent judgment,…

4 days ago
  • Income Tax

Assessment u/s 147 based on seized material found during search of third party void ab-initio

Assessment u/s 147 on the basis of seized material found during search of third party void ab-initio - ITAT In…

4 days ago
  • Income Tax

Reassessment order quashed due to error in personal hearing video conferencing link

Reassessment order quashed as assessee could not join the link of personal hearing through video conferencing due to technical failure…

4 days ago
  • Income Tax

Assessee may show that it was over assessed under erroneous impression of law

It is open to assessee to show that it was over assessed under erroneous impression of law even if it…

4 days ago
  • Income Tax

Education Cess cannot be allowed as an expenditure in view of later amendment – SC

Education Cess cannot be allowed as an expenditure in view of the subsequent amendments in the Income Tax Act, 1961…

5 days ago