Judgments

  • Income Tax

AO not required to adjudicate oral objection on reopening of assessment u/s 148-ITAT

AO not required to adjudicate oral objection on reopening of assessment u/s 148 in the absence of any specific objection…

6 years ago
  • GST

Back dated seizure order under GST Act quashed by High Court as e-Way Bill was produced before the date fixed for reply

Back dated seizure order under GST Act quashed by the High Court as e-Way Bill was downloaded and produced before the…

6 years ago
  • Income Tax

Repeated purchase and immediate sale of same scrip on daily basis was business income – ITAT

Repeated purchase of same scrip and immediate sale on daily basis to take advantage of the market fluctuations was business…

6 years ago
  • Income Tax

Roads and common facilities area in land development agreement also part of assessee’s share in land for capital gain purpose-ITAT

Roads and common facilities area in land development agreement also part of assessee’s share in land for capital gain purpose…

6 years ago
  • Income Tax

Order of prosecution for TDS late deposit open to judicial review but in a limited manner – High Court

Order of prosecution for TDS late deposit open to judicial review but in a limited manner to ensure that the…

6 years ago
  • Income Tax

Penalty u/s 271B for sales disclosed during survey can not be levied for failure to get accounts audited u/s 44AB

Penalty u/s 271B for sales disclosed during survey can not be levied for failure to get accounts audited u/s 44AB…

6 years ago
  • Income Tax

Expenses claimed in profit and loss account not amount to concealment-ITAT deletes penalty u/s 271(1)(c)

Expenses claimed in profit and loss account not amount to concealment. ITAT deletes penalty u/s 271(1)(c) following Supreme Court judgment  ABCAUS…

6 years ago
  • Income Tax

Rectification of wrong penalty section not required notice to assesseee u/s 154(3)

Rectification of wrong penalty section not required notice to assesseee u/s 154(3) as assessee could not controvert the findings recorded…

6 years ago
  • ICSI

ICSI should keep uniformity in awarding the punishment for professional misconduct

ICSI should keep uniformity in awarding the punishment for professional misconduct in the interest of justice-Appellate Authority reduces punishment ABCAUS…

6 years ago
  • Income Tax

Payments by Prasar Bharati to advertising agency liable to TDS as commission u/s 194H-Supreme Court

Payments by Prasar Bharati to advertising agency liable to TDS as commission u/s 194H. Section 201 rightly invoked for failure…

6 years ago