Judgments

  • ICAI

CA held guilty of misconduct being engaged in business as director. Director simplicitor explained

CA held guilty of misconduct being engaged in business as director. Difference between director simplicitor and director involved in business…

5 years ago
  • Income Tax

Arms Length Price of management fee paid determined Nil by TPO upheld

Arms Length Price of intra group management fee paid determined Nil by TPO upheld as there was no evidence on…

5 years ago
  • Income Tax

Penalty u/s 271D for taking cash loan from father and paternal aunt deleted

Penalty u/s 271D for taking cash loan from father and paternal aunt deleted following various decisions of High Courts and…

5 years ago
  • Income Tax

LTCG exemption denied for Penny stock set aside by ITAT as AO not confronted the assessee

LTCG exemption denied for Penny stock set aside by ITAT as AO had placed reliance on documents not confronted to…

5 years ago
  • Income Tax

Levy of fee u/s 234E prior 01.06.2015. ITAT explains law on condonation of delay

Levy of fee us/ 234E prior to 01.06.2015. ITAT explains the law on condonation of delay by assessee in filing…

5 years ago
  • GST

FIR for GST evasion can be lodged under CPC for cognizable offences punishable under IPC

FIR for GST evasion can be lodged under CPC if it discloses commission of cognizable offences punishable under IPC -…

5 years ago
  • Income Tax

Relief granted by CIT(A) accepted in one case in one year can not be challenged in other year

When relief granted by CIT(A) is accepted in one case in one year, it is not open to revenue authorities…

5 years ago
  • Income Tax

Disallowance of entire expenditure on school was arbitrary and unreasonable – ITAT

Disallowance of entire expenditure on school running was arbitrary and unreasonable. AO was directed to estimate  income @20% of gross…

5 years ago
  • Income Tax

ITAT directed AO to give telescopic benefit for chit contributions – ITAT

ITAT directed AO to give telescopic benefit for chit contributions as there was no finding that income estimated from business…

5 years ago
  • Income Tax

On rejection of approval u/s 10(23C) there is no bar in making fresh application – ITAT

On rejection of approval u/s 10(23C) no bar in making fresh application, treating application of the assessee as non-est was…

5 years ago