Judgments

  • Income Tax

Cash transactions between husband-wife do not attract section 269SS – ITAT

Cash transactions between husband-wife do not attract section 269SS if transactions are not for commercial use. Tribunal deleted penalty under…

7 years ago
  • Income Tax

ITAT comment against CA profession was out of sheer desperation & frustration-Bombay HC strongly criticises ITAT

ITAT comment against CA Profession was out of sheer desperation & frustration. Bombay High Court strongly criticises ITAT for its…

7 years ago
  • Income Tax

Penalty for non payment of self assessment tax where return is revised and tax is paid

Assessee liable to penalty u/s 221(1) for non payment of self assessment tax under section 140A, where return is revised…

7 years ago
  • Income Tax

Penalty 271(1)(c) for interchanging opening wdv of fixed assets with assets of higher depreciation rate

Penalty 271(1)(c) for mistakenly interchanged opening wdv of fixed assets with block of assets admissible a higher rate of depreciation…

7 years ago
  • Chartered Accountants

CA though not public servant can be prosecuted under Prevention of Corruption Act – High Court

Chartered Accountant though not public servant can be prosecuted under Prevention of Corruption Act as it covers persons other than…

7 years ago
  • Income Tax

When assessee filed all details, rejecting registration u/s 12AA held wrong

When assessee filed all details rejectig registration u/s 12AA by the CIT (Exemptions) on the ground that assessee was not…

7 years ago
  • Income Tax

No disallowance for overpricing if party assessed at maximum marginal rate – ITAT

No disallowance for overpricing if party assessed at maximum marginal rate and there is no loss of Revenue.   ABCAUS…

7 years ago
  • Companies Act

Only earnest money can be forfeited not the advance given especially when no loss is suffered – High Court

Only earnest money can be forfeited not the advance given especially when no loss is suffered on account of non…

7 years ago
  • EPFO

Proceeding u/s 7A of EPF Act are deemed judicial proceeding -Supreme Court

Proceeding u/s 7A of the Employees Provident Funds and Miscellaneous Provisions Act, 1952 are deemed judicial proceeding within the meaning…

7 years ago
  • Income Tax

Additions u/s 68 and 69 for transfer entries in capital account can not be sustained – ITAT

Additions u/s 68 and 69 for transfer entries in capital account on account of rectification can not be sustained treating…

7 years ago