Judgments

  • Income Tax

Supreme Court explains scope and interpretation of Section 44BB of the Income Tax Act 1961

Supreme Court explains scope and interpretation of Section 44BB of the Income Tax Act 1961. Provisions of Sections 5 and…

7 years ago
  • Income Tax

Reassessment quashed as change of opinion when AO’s views formed in original assessment doubted

Reassessment quashed for being a change of opinion when view and opinion formed by AO in original assessment were doubted…

7 years ago
  • Judgments

ITC under DVAT can not be denied to a bonafide purchaser -High Court

ITC under DVAT can not be denied to a bona fide purchaser who enters into a purchase with a registered…

7 years ago
  • Income Tax

Registration u/s 12AA-Document evidencing creation of Trust could be of any type – ITAT

Registration u/s 12AA-Document evidencing creation of Trust could be of any type.  Trust can be created even orally and if…

7 years ago
  • Income Tax

Mere outsourcing business to Indian subsidiary do not constitute Permanent Establishment -SC

Mere outsourcing business to Indian subsidiary do not constitute Permanent Establishment within the meaning of Double Taxation Avoidance Agreement - Supreme…

7 years ago
  • Judgments

Compensation awarded to plumber died falling from CA Society Building.

Compensation awarded to plumber died falling from CA Society Building. There was no evidence that deceased committed suicide -High Court…

7 years ago
  • Income Tax

Commissioner Appeals have no power to remand case back to AO – High Court

Commissioner Appeals have no power to remand case back to AO for fresh assessment nor can he direct AO to…

7 years ago
  • Income Tax

Transaction entered in pursuance of MOU can not be said sham or colourable device to avoid tax

Transaction entered in pursuance of MOU can not be said sham or colourable device to avoid tax when payments and…

7 years ago
  • Income Tax

Once depreciation is claimed, asset cannot move out of the Block of Assets – High Court affirms

Once depreciation is claimed, asset cannot move out of the Block of Assets even if no depreciation was claimed for many years thereafter – High Court affirms ITAT order   ABCAUS Case Law…

7 years ago
  • Income Tax

Question affecting tax liability of assessee can be raised before Tribunal first time – High Court

Question affecting tax liability of assessee can be raised before the Tribunal first time and it is obliged to consider…

7 years ago