Transporters/Trucks owners can be proceeded against under UPGST Act despite not doing business in respect of sale/ purchase of goods…
Section 50C can be applied after claiming exemption u/s 54EC of the Income Tax Act. Any other interpretation would render the provisions redundant…
No deemed dividend u/s 2(22)(e) when assessee not the beneficial owner of shares. Issue pending before larger bench of Supreme…
Seat of ITAT not AO decides jurisdiction of High Court to which appeal would lie. High Court explains the law…
Amount forfeited on default of installment for purchase of property was capital in nature as the amount was fixed irrespective…
Capital gain arose in the year assessee relinquished his rights in the property at the time of allotment by executing…
Settlement Commission not precluded from proceeding despite non disclosure of prosecution for the period in question as pre-requisites not require…
Simply because order of Settlement Commission was not liked by department, it would not invite different opinion by the High…
Write off for non moving stores based on technical committee recommendation pursuant to an audit objection raised by the C&AG…
Order of ITAT not binding on Trial Court in income tax prosecution case. Appeal to stay prosecution during pendency of…