Judgments

  • Income Tax

Income Tax Rule 8D is prospective in operation and not apply prior to AY 2008­-09 – Supreme Court

Income Tax Rule 8D is prospective in operation and could not apply to any assessment year prior to AY 2008­-09 - Supreme Court settles the law…

6 years ago
  • Income Tax

Powers u/s 154 available for rectifying interest u/s 220 or 244 for miscalculation of interest – High Court

Powers u/s 154 available for rectifying interest u/s 220 or 244 for miscalculation of interest which is, at best arithmetical…

6 years ago
  • Income Tax

Creditors not barred by limitation if liability acknowledged in accounts, they can rely on such acknowledgment-High Court

Creditors not barred by limitation if liability acknowledged in accounts, creditors can rely on the said acknowledgment-High Court   ABCAUS…

6 years ago
  • Income Tax

The High Court explains the law on levy of interest u/s 234B(3) when reassessment is done determing escaped income after issue of refund.

The High Court explains the law on levy of interest u/s 234B(3) when reassessment is done determing escaped income after…

6 years ago
  • Income Tax

Exempted income can not be taxed even if no revised return filed. AO in proceedings u/s 143 can not refuse to grant relief on such technical plea

Exempted income can not be taxed even if no revised return filed. AO in proceedings u/s 143 can not refuse…

6 years ago
  • Income Tax

Business expediency not a question of law, much less a substantial question of law-High Court

Business expediency not a question of law, much less a substantial question of law-High Court. If expected fruits are not…

6 years ago
  • Income Tax

While considering the question of perversity of a finding of fact, the test applicable are strict-High Court

While considering the question of perversity of a finding of fact, the test applicable are strict-High Court  ABCAUS Case Law…

6 years ago
  • Income Tax

Addition on account of milling gain on adhoc basis without any enquiry or material on record deleted-ITAT

Addition on account of milling gain on adhoc basis without conducting any enquiry, without any cogent and specific reason or…

6 years ago
  • GST

High Court directs reopening of GST Portal for filing TRAN-1 of Petitioner as it did not respond on the last date

High Court directs reopening of GST Portal for filing TRAN-1 of the Petitioner as the Portal did not respond on…

6 years ago
  • Income Tax

At admission stage, Settlement Commission not expected to call records invoking Section 245D(3)/Rule 9 or utilize the machinery available

At the stage of admission, Settlement Commission not expected or be compelled to utilizing the machinery available to call records…

6 years ago