Judgments

  • Income Tax

Prosecution u/s 276CC-A reasonable possible view of Trial Court not to be disturbed

Prosecution u/s 276CC-Challenge to satisfaction note u/s 153C rejected. If view taken by trial court is reasonable possible view, it…

5 years ago
  • Income Tax

Limitation period not prescribed but assessment order must be served within reasonable time – ITAT

Limitation period not prescribed for service of assessment order but it must be served within reasonable time as held by…

5 years ago
  • Income Tax

Transfer of creditor balances to capital for bank loan facilities was not waiver u/s 41(1)

Transfer of creditor balances to capital account for better bank loan facilities was not waiver of liability u/s 41(1) being…

5 years ago
  • Income Tax

Expenses that a lawyer can claim are entirely different from commercial entity

Kind of expenditure a legal professional can legitimately and justly claim is entirely different from basic expenditure a commercial entity…

5 years ago
  • Income Tax

For recomputing income correctly u/s 153A no incriminating material is necessary – ITAT

For recomputing income correctly u/s 153A no incriminating material necessary and AO can make corrections after giving opportunity to the…

5 years ago
  • Income Tax

Deduction u/s 80IA mandatory for both assessee to claim & revenue to allow

Deduction u/s 80IA is mandatory for both assessee and revenue to allow/claim, once initial assessment year is selected as there…

5 years ago
  • Income Tax

Penalty u/s 271D without recording satisfaction in assessment order is illegal

Penalty proceedings u/s 271D without recording satisfaction in the assessment order held to be illegal following Supreme Court judgment ABCAUS…

5 years ago
  • Income Tax

Addition u/s 69C for marriage expenses deleted in view of Indian society

Addition u/s 69C for unexplained marriage expenses deleted by ITAT noting that in Indian society, family members contribute to wedding…

5 years ago
  • Income Tax

Restriction that Auditor can not value FMV u/s 56 rwr 11UA is well founded – ITAT

Restriction that Auditor can not be an accountant to value FMV u/s 56 as provided in Rule 11UA is well founded…

5 years ago
  • Income Tax

Non-issue of Form 16 by employer-HC asks ITD to penalise defaulters under IPC and publish list of defaulters 

Non-issue of Form 16 by employer-High Court asks Department to  penalise defaulters u/s 405 of IPC and publish list of defaulters …

5 years ago