Judgments

  • Income Tax

Addition for cash deposit deleted as cash withdrawals, redeposit made during same year

Addition for cash deposit deleted as cash withdrawals, redeposit took place during the year itself, there was no question of…

5 years ago
  • Income Tax

Notice u/s 143(2) issued by ITO of non jurisdictional ward and consequent assessment quashed

Notice u/s 143(2) issued by ITO of non jurisdictional ward and consequent assessment framed was invalid and hence both quashed…

5 years ago
  • GST

Arrest under GST Act-High courts to keep in mind recent SLP dismissal, says Supreme Court

Arrest under GST Act-Supreme Court says High courts have to keep in mind the recent dismissal of SLP by it…

5 years ago
  • Supreme Court

Section 148 of Negotiable Instruments Act apply retrospectively to offence u/s 138 – SC

Section 148 of Negotiable Instruments Act 1881 Act apply retrospectively to offence u/s 138 even where criminal complaints were filed…

5 years ago
  • Income Tax

Penalty u/s 271AAB-Cash advances recorded in diary held not undisclosed income

Penalty u/s 271AAB-Cash advances recorded in diary held not undisclosed Income when assessee was not carrying on any business and…

5 years ago
  • Income Tax

Deduction u/s 80P(2) not allowed for unexplained income assessed u/s 68 of Income Tax Act

Deduction u/s 80P(2) not allowed for unexplained income assessed u/s 68 of the Act. The addition u/s 68 did not…

5 years ago
  • Income Tax

Penalty u/s 271(1)(b) deleted as assessment was framed u/s 143(3) proving cooperation from assessee

Penalty u/s 271(1)(b) deleted when assessment was framed u/s 143(3) proving that the assessee had cooperated in the assessment proceedings…

5 years ago
  • Income Tax

Deduction u/s 54F for house purchased from father in law allowed

Deduction u/s 54F for house purchased from father in law allowed when he was assessed to long term capital gain…

5 years ago
  • GST

SC dismisses SLP against arrest under GST Act- ITC scam by fake invoices threat to GST Law, said HC

Arrest under GST Act for ITC scam by fake invoices – Supreme Court dismisses SLP. High Court had held that…

5 years ago
  • Income Tax

Transfer of property by irrevocable power of attorney not valid mode of transfer u/s 2(47)-ITAT

Transfer of the property by irrevocable power of attorney not valid mode of transfer u/s 2(47). ITAT follows Supreme Court…

5 years ago