Judgments

  • Excise/Custom

Doctrine of promissory estoppel inapplicable in larger public interest – Supreme Court

Doctrine of promissory estoppel inapplicable in larger public interest. Supreme Court upheld withdrawal of custom exemption notifications ABCAUS Case Law…

5 years ago
  • Income Tax

Addition u/s 68 based on bank entries where return was filed under presumptive section 44AF deleted.

Addition u/s 68 where return is filed under presumptive section 44AF deleted. Addition can not be made based on entries…

5 years ago
  • Income Tax
  • ITAT

Activity of arranging placement for ex-servicemen as security personnel held charitable

Activity of arranging placement for ex-servicemen as security personnel/guards in different organizations was charitable u/s 2(15) of the Income Tax…

5 years ago
  • Income Tax

Addition u/s 68 upheld as cash was deposited in bank immediately before transfer

Addition u/s 68 upheld as cash was deposited in bank by the loan creditor immediately before transfer and was poor…

5 years ago
  • Income Tax

Law as on 1st day of AY not applicable to FY in respect of amendments after first day of April of the FY.

Law as on 1st day of assessment year not applicable to financial year in respect of amendments coming into force…

5 years ago
  • Income Tax

A company cannot have any personal expenditure. ITAT deleted the ad-hoc disallowance

A company cannot have any personal expenditure. ITAT deleted ad hoc disallowance on vehicle running and maintenance expenditure ABCAUS Case…

5 years ago
  • SEBI

SAT quashed SEBI order debarring by Price Waterhouse firms/other auditors

SAT quashed SEBI order debarring by Price Waterhouse firms/other auditors from auditing listed Companies and Directions to listed Companies not…

5 years ago
  • Income Tax

Evidentiary value of statement made on oath in survey proceedings u/s 133A -High Court explains

Evidentiary value of a statement made on oath by the assessee to the income tax authority in survey proceedings u/s…

5 years ago
  • Income Tax

Prosecution u/s 276B set aside as intention of company was to deposit TDS

Prosecution u/s 276B set aside as intention of company was to deposit TDS, but due to bad financial condition the…

5 years ago
  • Income Tax

Interest awarded in motor accident claim cases from the date of Claim Petition till award not taxable

Interest awarded in motor accident claim cases from the date of the Claim Petition till passing of award/judgment not taxable,…

5 years ago