Judgments

  • Income Tax

Non disposal of reopening objection not make order void. It’s Procedure irregularity curable by remitting-HC

Non disposal of reopening objection not make order void or non est. It is only procedure irregularity curable by remitting.…

6 years ago
  • Income Tax

Personal fine imposed on PrCITs for filing frivolous appeals waived by division bench of High Court

Personal fine imposed on PrCITs for filing frivolous appeals waived by division bench of High Court. A fine of Rs.…

6 years ago
  • Income Tax

AO can not ask indemnity bond for future tax liability for release of seized assets u/s 132B(1)- High Court

AO can not ask indemnity bond for future tax liability for release of seized assets u/s 132B(1)- High Court deleted…

6 years ago
  • Income Tax

80HHC deduction entitlement to supporting manufacturer receiving export incentives. Matter referred to CJI

80HHC deduction entitlement to supporting manufacturer who receives export incentives as duty draw back,  Duty Entitlement Pass Book etc.-SC refers…

6 years ago
  • Income Tax

Income Tax Deduction allowed as per Guidance Note of ICAI for lease equalization charges-SC

Deduction allowed as per Guidance Note of ICAI for lease equalization charges as there was no express bar in Income…

6 years ago
  • Income Tax

Stock Appreciation Rights received were not perquisite – Supreme Court

Stock Appreciation Rights received prior to 01.04.2000 not perquisite u/s 17(2)(iiia) such provisions being not retrospective-Supreme Court   The Revenue…

6 years ago
  • CA CS CMA

Cost Accountant misconduct for claiming Bogus TA Bills-Punishment stayed for lack of enquiry

Cost Accountant misconduct for claiming Bogus TA Bills. Appellate Authority stayed the punishment due to lack of enquiry and examination…

6 years ago
  • Income Tax

Interest earned on share application money was liable to be set off against public issue expenses-SC

Interest earned on share application money kept in fixed deposit was liable to be set off against the public issue…

6 years ago
  • Income Tax

Satisfaction u/s 158BD can not be arrived without examination, verification of seized books documents. SC

Satisfaction u/s 158BD can not be arrived without examination, verification of seized books documents. SC uphelds validity of notice issued…

6 years ago
  • IBBI

IBBI debars CA from practicing as an Insolvency Professional

The disciplinary committee of IBBI debars a CA (hereinafter 'IP') from practicing as an Insolvency Professional.  Earlier, vide an interim order dated…

6 years ago