Judgments

  • Income Tax

Settlement Commission order not perverse when objection raised as to non-disclosure well discussed – HC

Settlement Commission order not perverse when every objection raised by the Commissioner, Income Tax as regarding non-disclosure by the assessee…

6 years ago
  • Income Tax

Capital gain from flat purchased by assessee in daughter’s name, was taxable in his hand – ITAT

When entire investment/payments for flat purchase was made by the assessee in the name of his daughter, the capital gain…

6 years ago
  • VAT

Gypsum board is covered in amended Entry 56 Schedule IV of RVAT-Supreme Court

Gypsum board is covered in amended Entry 56 Schedule IV of RVAT, read as ‘gypsum in all its forms’-Supreme Court…

6 years ago
  • Income Tax

Merely because some vouchers did not bear truck number/driver’s name, expenses can not be said ingenuine – ITAT

Merely because some of vouchers did not bear the truck number or driver’s name the transport expenses was not ingenuine…

6 years ago
  • Supreme Court

Higher Court cannot stay / quash orders in anticipation of being passed by appellate authority – SC

Higher Court cannot stay /quash orders in anticipation of being passed by an appellate authority. Supreme Court quashes High Court direction ABCAUS Case…

6 years ago
  • Income Tax

ITAT declined to direct reopening as Department have enough powers to tax escaped income

Tribunal declined to issue direction to AO to reopen cases under section 147 as Department have enough powers u/s 147,…

6 years ago
  • Income Tax

Reopening limitation period not stood extended merely for passing reference made by ITAT

Reopening limitation period not stood extended merely for passing reference made by the ITAT when assessee was not a party…

6 years ago
  • Income Tax

Market value of property with encroachment would always be lower – ITAT

Market value of property with encroachment would always be lower - ITAT directs adoption of valuation u/s 50C prevalent on…

6 years ago
  • Income Tax

No question of concealment when surrender made on the condition that penalty u/s 271(1)(c) not to be initiated

When assessee surrendered exemption claimed on the condition that penalty proceedings u/s 271(1)(c) are not initiated there was no question…

6 years ago
  • Income Tax

Charges for Conversion of residential house usage to commercial is revenue expenses

Charges for Conversion of residential house usage to commercial revenue expenses as they are incurred on year-to-year basis and nor…

6 years ago