Judgments

  • Income Tax

No disallowance u/s 43B when unpaid custom duty included in closing stock – SLP dismissed by SC

No disallowance u/s 43B when unpaid custom duty was included in the value of the closing stock - Supreme Court…

5 years ago
  • Income Tax

No Penalty u/s 271(1)(c) for addition on account of closing stock valuation by adopting a different method

No Penalty u/s 271(1)(c) for addition on account of closing stock valuation by adopting a different method when there is…

5 years ago
  • ESIC

Directors receiving remuneration also employee under ESI Act, 1948 – Supreme Court

Directors receiving remuneration also employee u/s 2(9) of the Employees' State Insurance Act, 1948 – Supreme Court ABCAUS Case Law…

5 years ago
  • Sales Tax

Sales Tax on free replacement of defective parts in motor vehicles during warranty period

Sales Tax liability on free replacement of defective parts in motor vehicles during warranty period. Matter to be decided by…

5 years ago
  • Income Tax

When details are maintained donations cannot be called anonymous u/s 115BBC

When details are maintained donations cannot be called anonymous u/s 115BBC merely for notices u/s 133(6) returned unserved ABCAUS Case…

5 years ago
  • Income Tax

Order giving effect to appellate order is also appealable u/s 246A

Order giving effect to appellate order is also appealable u/s 246A of the Income Tax Act. If appeals allowed on…

5 years ago
  • Income Tax

Condonation of delay u/s 119(2)(b) for mistake of CA allowed by High Court

Condonation of delay u/s 119(2)(b) for mistake of chartered accountant allowed. limitation when lead to hardships, should be construed in…

5 years ago
  • Income Tax

Merely because share prices rose abnormally exemption u/s 10(38) can not be denied

Merely because share prices rose abnormally or other persons involved bogus transactions, Long Term Capital Gain exemption u/s 10(38) can…

5 years ago
  • Income Tax

Non mentioning reasons recorded in assessment order proved it was framed in haste – ITAT

Non mentioning reasons recorded for reopening in the assessment order proved that assessment was framed in haste without providing adequate…

5 years ago
  • Income Tax

If books not maintained under presumptive section, cash deposit in bank correlates to turnover-ITAT

When assessee not maintained books of account and filed under presumptive section, cash deposit in bank were correlated to the…

5 years ago