Judgments

  • Income Tax

Reassessment upheld for non disclosure of Interest income set off against interest on loans

Reassessment upheld for non disclosure of Interest income set off against interest on loans and advances when production was not…

6 years ago
  • Income Tax

Explanation can not be rejected applying prudent mans behaviour test. HC deletes addition made for cash deposits

Explanation can not be rejected applying prudent mans behaviour test.  High Court deletes addition made for cash deposits applying Principle…

6 years ago
  • Income Tax

Supreme Court explains the doctrine of mutuality with respect of non-occupancy charges etc. received by cooperative societies from members

Supreme Court explains the doctrine of mutuality. Receipts of non-occupancy charges, transfer charges, common amenity fund charges received by cooperative…

6 years ago
  • GST

After enactment of GST, administrative Charges on Molasses can not be levied-Judgment

After enactment of GST, administrative Charges on Molasses can not be levied under the provision of the U.P. Sheera Niyantran…

6 years ago
  • Income Tax

Conviction for non deposit of TDS u/s 278B of Income Tax Act against independent director set aside

Conviction u/s 278B of Income Tax Act against independent director set aside. Generally and vaguely stated allegations not sufficient to…

6 years ago
  • Income Tax

Person convicted u/s 276B unless minor, can not be released on probation of good conduct

Person convicted u/s 276B, unless minor, can not be released on probation of good conduct. Order of the Trial Court…

6 years ago
  • Income Tax

Assessee in default u/s 201 not absolved if the resident who receives the payment without TDS files a loss return

Assessee in default u/s 201 not absolved if the resident who receives the payment without TDS files a loss return.…

6 years ago
  • Income Tax

Cash redeposits claimed out of withdrawals unlikely if deposited in remote bank branches

Cash redeposits claimed out of withdrawals unlikely if deposited in remote bank branches not near to the assessee’s office or…

6 years ago
  • ICAI

ICAI jurisdiction in disciplinary proceedings is confined to Show-Cause Notice can not wander on other Acts

ICAI jurisdiction in disciplinary proceedings is confined to Show-Cause Notice.  It can not ask response on applicability of Income Tax…

6 years ago
  • Supreme Court

Legislature cannot overturn a judgment by amendment to make the judgment wrong or a nullity-Supreme Court

The Legislature cannot overturn a judgment by way of introducing an amendment to make the judgment wrong or a nullity-Supreme…

6 years ago