Judgments

  • Income Tax

Commission paid to employees partakes character of salary for TDS purpose

Commission paid to employees partakes character of salary and TDS is applicable only u/s 192 not under Section 194H –…

5 years ago
  • Income Tax

Assessee alone can decide whether to keep cash in locker or deposit in bank FDR – ITAT

The assessee alone can decide whether to keep cash in locker or deposit in bank FDR. ITAT deleted addition made…

5 years ago
  • Income Tax

Depreciation on fixed assets classified as capital work in progress allowed

Depreciation on fixed assets classified as capital work in progress allowed in the revised return when corresponding income was taxed…

5 years ago
  • Income Tax

Deduction u/s 80HH available out of gross profits before insertion of Section 80AB –SC

Deduction u/s 80HH available out of gross profits before insertion of Section 80AB with effect from 1st April, 1981 –Supreme…

5 years ago
  • EPFO

Basic salary for PF include allowances camouflaged to avoid deduction unless employee earned it- SC

Basic salary for PF deduction include allowances unless it is shown that employee had earned the extra amount beyond normal…

5 years ago
  • Prevention of Money Laundering Act 2002

Challenge to the vires of PMLA Act 2002 on being passed as Money Bill rejected

Challenge to the vires of PMLA Act 2002 on being passed as Money Bill dismissed as Petitioner had no locus,…

5 years ago
  • Excise/Custom

Rule 12B-Aggregate of all clearances beyond exemption limit was liable to excise duty-SC

Rule 12B of Excise Rules 2002-Aggregate of all clearances exceeding the limit prescribed in the exemption notification was liable to…

5 years ago
  • Income Tax

Income tax law on substantial question of law – SC explains options before High Court

Income tax law on substantial question of law - Supreme Court explains options available before the High Court when no…

5 years ago
  • Service Tax

Writ Petition not maintainable against SCN on service tax classification -SC quashes High Court order

Writ Petition was not maintainable against show cause notice on the issue of service tax classification as cargo handling service…

5 years ago
  • Income Tax

Allowability of penalty for redemption of confiscated goods violating import conditions – HC explains Law

Allowability u/s 37(1) of fine /penalty for redemption of goods ordered to be confiscated for breach of import conditions –…

5 years ago