Judgments

  • Income Tax

An undated confirmation letter cannot be rejected unless proved false – ITAT

An undated confirmation letter cannot be rejected unless proved false. ITAT deletes addition made u/s 68/69 for cash deposits in…

6 years ago
  • Income Tax

Bounced cheque can not be treated unexplained credits u/s 68 – ITAT

Bounced cheque can not be treated unexplained credits u/s 68. Onus to prove identity, genuineness and creditworthiness of the party…

6 years ago
  • Income Tax

Allahabad HC admits PIL against creation of ITAT Varanasi Bench

Allahabad HC admits PIL against creation of ITAT Varanasi Bench alleging non constitution of permanant benches at Allahabad regularly to…

6 years ago
  • bankruptcy

IBBI rejects IP registration application for pending criminal proceedings

IBBI rejects IP registration application for pending criminal proceedings as it impacts the reputation making applicant not a fit and…

6 years ago
  • Income Tax

Capital gain deduction u/s 54 for purchase of two flats on different floors allowed by ITAT

Capital gain deduction u/s 54 for purchase of two flats on different floors allowed as flats were one above the…

6 years ago
  • Income Tax

Income tax notice issued in the name of dead person is illegal, Revenue can not plead ignorance – HC

Income tax notice issued in the name of dead person is illegal. Revenue can nor plead ignorance as there is…

6 years ago
  • Income Tax

No statutory bar for AO to rectify assessment order even if appeal is pending against it – HC

There is no statutory bar for the Assessing Officer to rectify the assessment order even if an appeal is pending…

6 years ago
  • Income Tax

There is no bar in filing revised return of income after issue of income tax notice – ITAT

There is no bar in filing revised return of income after issue of income tax notice u/s 143(2). There is no…

6 years ago
  • Income Tax

Fees for technical services not cover order specific commission at small percentage of order value

Fees for technical services not cover order specific commission at small percentage of order value. Order wise commission based on…

6 years ago
  • Income Tax

Unspent amount of donations shown as current liabilities not income if received with stipulation to their use – HC

Unspent amount of donations shown as current liabilities not income if received with stipulation to their use by the Charitable…

6 years ago