Judgments

  • Income Tax

Disallowance u/s 40A(3) for cash payment to BSNL deleted as BSNL is a “State” and payments were made for business expediency-ITAT

Disallowance u/s 40A(3) for cash payment to BSNL deleted as BSNL is a State and payments were made for business…

6 years ago
  • Income Tax

Concealment penalty u/s 271(1)(c) deleted on humanitarian grounds by ITAT

Concealment penalty u/s 271(1)(c) deleted on humanitarian grounds as the assessee had died, his business was closed and his widow…

6 years ago
  • Income Tax

No scope for imposing penalty u/s 271A in the case of civil contractor-ITAT

No scope for imposing penalty u/s 271A in the case of Civil Contractor which is covered u/s 44AA(2) and is…

6 years ago
  • Income Tax

TDS on testing and commissioning services deductible u/s 194C as contractual payments

TDS on testing and commissioning services deductible u/s 194C as contractual payments as not as fees for technical services u/s…

6 years ago
  • Income Tax

Section 55A related to DVO reference not apply in a reverse case – High Court

Section 55A related to DVO reference not apply in a reverse case when value claimed by assessee exceeds the fair…

6 years ago
  • High Courts

Exclusion of genetic disorders in insurance contracts is illegal and unconstitutional-High Court

Exclusion of genetic disorders in insurance contracts is illegal and unconstitutional. IRDA directed to ensure that insurance companies do not…

6 years ago
  • Chartered Accountants

CA alleged as master mind of issuing bogus bills gets relief in misconduct case

CA alleged as master mind of issuing bogus bills gets relief from Appellate Authority. ICAI had held Mumbai based CA…

6 years ago
  • Chartered Accountants

ICAI removes name of Hyderabad CA for three months for issuing wrong turnover certificate for participating in tender

ICAI removes name of Hyderabad CA for three months for issuing wrong turnover certificate for participating in tender. Appellate Authority…

6 years ago
  • Chartered Accountants

ICAI bans Delhi based CA for 6 months for certifying share premium amount to bank based on Board Resolution only

ICAI bans delhi based CA for 6 months for certifying non-existent share premium amount of the company to the bank…

6 years ago
  • Income Tax

Deduction for Penal excise was allowed u/s 37 as it was paid to indemnify department for violating terms of affidavit

Deduction for Penal excise was allowed u/s 37 as it was paid in discharging contractual obligation to indemnify department for…

6 years ago