Judgments

  • Income Tax

There is no concept of pre bargaining under Income Tax Act – ITAT dismisses appeal for delay

There is no concept of pre bargaining under Income Tax Act – ITAT dismisses delayed quantum appeal filed after initiation…

5 years ago
  • Income Tax

High Court imposes penalty on I T Deptt. for harassing assessee by illegally attaching bank

High Court imposes penalty of Rs. 50,000/­ on Income Tax Department for harassment of assessee in illegally attaching bank account…

5 years ago
  • Income Tax

Sale of land made by partnership firm can not be added in partner’s hand

Sale of land made by partnership firm can not be added in partner’s hand. Assessment has to be done in…

5 years ago
  • Income Tax

AO had inherent powers to extend time for submission of special audit report u/s 142(2A)- SC

AO had inherent powers u/s 142(2C) to suo moto extend time for submission of special audit report directed u/s 142(2A),…

5 years ago
  • Income Tax

Loss by shop burglary arisen during the course of business allowable u/s 37(1) – ITAT

Loss by shop burglary arisen during the course of business allowed u/s 37(1) even when Insurance company assessed loss at…

5 years ago
  • Prevention of Money Laundering Act 2002

Attachment of Property under PMLA & bonafide third party claim – High Court explain the law

Attachment of Property under PMLA and bonafide third party claim – High Court explain the law and Prerequisites for a…

5 years ago
  • RBI

RBI Circular on revised framework for resolution of stressed assets declared ultra vires

Supreme Court declares RBI Circular on revised framework for resolution of stressed assets ultra vires . All cases proceeded declared…

5 years ago
  • ICAI

Non Members not “aggrieved person” so as to have right to challenge Disciplinary order of ICAI

Non Members not aggrieved person so as to have a right to challenge the Disciplinary order of ICAI. Supreme Court…

5 years ago
  • Income Tax

SC dismisses SLP of ITD against Radhika Roy, wife of NDTV founder Prannoy Roy 

Supreme Court dismisses SLP of Income Tax Department against Radhika Roy, wife of NDTV founder Prannoy Roy  ABCAUS Case Law…

5 years ago
  • Income Tax

Deduction u/s 80IB when assessee was not owner of the land – SC dismisses SLP of Department

Deduction u/s 80IB allowed when assessee was not owner of the land and undertook housing project at their own risk…

5 years ago