Judgments

  • Income Tax

Brought forward debit balance can not make assessment erroneous and prejudicial to the interest of the Revenue – ITAT

Brought forward debit balance can not make assessment erroneous and prejudicial to the interest of the Revenue - ITAT quashes…

6 years ago
  • bankruptcy

Moratorium u/s 14 of the Insolvency and Bankruptcy Code 2016 not apply to a personal guarantor of a corporate debtor – SC

Moratorium u/s 14 of the Insolvency and Bankruptcy Code, 2016 not apply to a personal guarantor of a corporate debtor…

6 years ago
  • Supreme Court

Forfeiture of gratuity not automatic on dismissal from service -Supreme Court

Forfeiture of gratuity is not automatic on dismissal from service; it is subject to sub-Sections (5) and (6) of Section…

6 years ago
  • Income Tax

Compensation paid to retiring partner on family settlement allowed as deduction to firm

Compensation paid to retiring partner consequent to family settlement-Deduction allowed as capital of firm was kept intact and business was…

6 years ago
  • Income Tax

Interest for late payment of service tax not penal in nature u/s 37 but only compensatory – ITAT

Interest for late payment of service tax not penal in nature but only compensatory. ITAT deletes disallowance made under section…

6 years ago
  • Income Tax

Deliberate non production of books of account is concealment of income – High Court

Deliberate non production of books of account held as concealment of income. Books maintained in computer even if lost can…

6 years ago
  • Income Tax

Tahbazari is not covered under TCS provisions u/s 206C(1C). Toll plaza are different from Tahbazari

Tahbazari is not covered under TCS provisions u/s 206C(1C).  Toll plaza does not include Tahbazari as there is no toll…

6 years ago
  • Income Tax

Agricultural land-revenue records can not be rejected without any basis or material evidence-ITAT

Agricultural land-revenue records can not be rejected without any basis or material evidence holding it to be an mechanical entry…

6 years ago
  • bankruptcy

Jaypee Infratech Insolvency proceedings to continue at NCLT. SC orders fresh bidding, bars Jaypee Group/Promoters

Jaypee Infratech Insolvency proceedings to continue at NCLT-We cannot be unmindful of interests of 92% of home buyers who preferred…

6 years ago
  • Income Tax

Chapter VI-A deduction allowable on disallowance u/s 40(a)(ia) for profits of the eligible business so enhanced – ITAT

Chapter VI-A deduction allowable on disallowance u/s 40(a)(ia) for profits of the eligible business so enhanced by the disallowance- ITAT…

6 years ago