Judgments

  • Income Tax

Taxability of interest received u/s 28 of Land Acquisition Act 1894-Settled Law

Taxability of interest received u/s 28 of Land Acquisition Act 1894. ITAT quashed CIT order believing that division bench order…

5 years ago
  • Income Tax

Carry forward of unabsorbed depreciation beyond 8 years-SC dismisses SLP of ITD

Carry forward of unabsorbed depreciation beyond 8 years for periods prior to amendment to section 32(2)- SC dismisses SLP of…

5 years ago
  • Income Tax

Reopening for verification of bogus purchases-SC dismisses SLP of ITD

Reopening for verification of purchases from hawala dealer-Supreme Court dismisses SLP of the Department challenging dismissal of appeal by High…

5 years ago
  • bankruptcy

SC upholds Constitutional Validity of various provisions of IBC 2016

Supreme Court upheld Constitutional Validity of various provisions of the Insolvency and Bankruptcy Code, 2016 ABCAUS Case Law Citation: ABCAUS…

5 years ago
  • Income Tax

No penalty u/s 271D when cash loans treated as undisclosed income u/s 68

No penalty u/s 271D can be levied when cash loans were treated as undisclosed income of the assessee u/s 68…

5 years ago
  • Income Tax

Reopening on account of cancellation of Registration u/s 12AA not permissible

Reopening of assessment for past years on account of the cancellation of Registration u/s 12AA is not permissible unless registration…

5 years ago
  • GST

SC stays arrest under GST Act. Also directs release on bail in the event of arrest

Supreme Court stays arrest of petitioner under GST Act, directs release on bail in the event of arrest  ABCAUS Case…

5 years ago
  • Income Tax

Prosecution u/s 278B without proof of service of notice u/s 2(35) quashed

Prosecution u/s 278B without proof of service of notice u/s 2(35) expressing intention treating a person as Principal Officer of the Company quashed…

5 years ago
  • Income Tax

ITAT analyses validity of notice u/s 143(2) by non jurisdictional AO

ITAT analyses validity of notice u/s 143(2) by non jurisdictional AO. On objection, AO obligated to refer matter for determination…

5 years ago
  • Income Tax

Mere absence of revised return not justify penalty when mistake admitted suo moto

When assessee during assessment proceedings voluntarily admitted mistake then mere absence of revised return would not justify penalty u/s 271(1)(c)…

5 years ago