Judgments

  • Income Tax

Concealment penalty for not offering LFC/LTC to tax under bonafide belief that it was exempt deleted

Concealment penalty for not offering LFC/LTC reimbursement to tax under bonafide belief that it was exempt as the employer did…

6 years ago
  • Income Tax

Anonymous donation received by trust running Gaushala not taxable u/s 115BBC

Anonymous donation received by trust running Gaushala not taxable u/s 115BBC, it being a religious activity covered under the exception…

6 years ago
  • Income Tax

Claim for business loss due to theft allowed despite no FIR lodged with Police

Claim for business loss due to theft of cash allowed despite no FIR was lodged with Police Authorities in view…

6 years ago
  • Income Tax

CBDT powers u/s 119 to condone delay in filing Form-10 and ITR – High Court direction

CBDT powers u/s 119 to condone delay in filing Form-10 and ITR. CBDT to consider amendments made in Section 11…

6 years ago
  • Income Tax

Disallowance u/s 40(a)(ia) for non deduction of tax on payments to well-known NBFCs

Disallowance u/s 40(a)(ia) for non deduction of tax on payments to well-known NBFCs-ITAT remands issue for examination if NBFCs offered…

6 years ago
  • Income Tax

AO cannot reject the exemption claim u/s 154 only because in return income was shown as taxable

AO cannot reject the exemption claim u/s 154 only because in return income shown as taxable. There is No estoppel…

6 years ago
  • Income Tax

Courts not to decide academic issues unless any injury is suffered or legal right is infringed

Courts are not supposed to decide academic issues unless any injury is suffered or any legal right is infringed of…

6 years ago
  • Excise/Custom

Central Excise Officers of DGCEI have all India jurisdiction – High Court

Central Excise Officers of DGCEI have all India jurisdiction, can issue notices/enquire into service tax matters against any assessee even…

6 years ago
  • bankruptcy

Registration of Insolvency Professional cancelled, banned for ten years

Registration of insolvency professional cancelled for deliberate, blatant, orchestrated and collusive contraventions and also banned for ten years ABCAUS Case…

6 years ago
  • Income Tax

Expenditure on glow sign boards was revenue in nature not capital – ITAT

Expenditure on glow sign boards was revenue in nature as it did not bring into existence any asset or advantage…

6 years ago