Judgments

  • Income Tax

Mere payment of remuneration to trustees not attract section 13(1)(d) unless excessive or unreasonable

Mere payment of remuneration to trustees not attract section 13(1)(d) of Income Tax Act unless it is excessive or unreasonable…

6 years ago
  • Supreme Court

Cheque dishonour complaint u/s 138 NI Act by power of attorney legal- Supreme Court

Cheque dishonour complaint u/s 138 of Negotiable Instruments Act by the power of attorney would be maintainable in law -…

6 years ago
  • Income Tax

Exclusion inclusion of comparables to determine ALP not necessarily give rise to questions of law – High Court

Exclusion inclusion of comparables to determine Arm's Length Price (ALP) not necessarily give rise to purely legal or substantial questions…

6 years ago
  • GST

Compensation to States Act 2017 Constitutionally valid not beyond legislative competence – SC

The Compensation to States Act 2017 Constitution valid, not beyond the legislative competence of Parliament. No offset for Clean Energy Cess -SC ABCAUS Case Law Citation:…

6 years ago
  • Income Tax

Provision reducing asset side of balance sheet amounts to writing off bad debts in accordance with section 36 (2)

If asset side of balance sheet is reduced by provision made, it amounts to writing of the debts in accordance…

6 years ago
  • Income Tax

High Court revives prosecution u/s 276CC for not filing return. No indefinite period for compliance

High Court revives prosecution for not filing return. An indefinite period for compliance can never be the intention of the…

6 years ago
  • Income Tax

CIT(A) erred by not admitting additional evidences in case restored by Tribunal

CIT(A) erred by not admitting additional evidences in case restored by Tribunal. Once the matter has been considered by the…

6 years ago
  • Income Tax

Deduction 54B for agricultural land purchased prior to sale deed allowed by ITAT

Deduction 54B for agricultural land purchased prior to sale deed allowed. Date of actual transfer or even purchase of new…

6 years ago
  • Income Tax

Two penalty orders u/s 271(1)(b) for same default without issue of show cause quashed by ITAT

Two penalty orders 271(1)(b) for the same default without issue of show cause. ITAT quashed penalty imposed before the issue…

6 years ago
  • Income Tax

No household expenses withdrawal claiming husband paid all expenses not justified – ITAT

Addition for no withdrawal for household expenses-Contention that husband met out all expenses did not justify nil withdrawal by assessee…

6 years ago