Judgments

  • Income Tax

Cash deposit cannot be shifted from live person to a deceased just because he was joint holder

Cash deposit in bank account cannot be shifted from a live person to a deceased assessee just because he was…

6 days ago
  • Income Tax

Interest on compensation u/s 28 of Land Acquisition Act, 1894 is taxable – ITAT

Interest on compensation u/s 28 of Land Acquisition Act, 1894 is taxable income u/s u/s 56(2)(viii) rws 57(iv) of the…

7 days ago
  • GST

GST Registration cancellation order passed without application of mind quashed

GST Registration cancellation order passed without application of mind quashed by High Court In a recent judgment, the Hon'ble Allahabad…

1 week ago
  • Income Tax

Site expenses not accounted in books in expense ledger added as unexplained expenditure

ITAT partly confirms addition of site expenses as unexplained expenditure for being not accounted for in the books of accounts…

1 week ago
  • bankruptcy

Special Court presided by a Sessions /Addl. Sessions Judge have jurisdiction under IBC 2016

Special Court presided by a Sessions Judge or an Additional Sessions Judge will have jurisdiction to try the complaint under…

1 week ago
  • Income Tax

Revenue should not take the benefit of the mistake committed by the assessee

Revenue not to take benefit of mistake committed by assessee. Gift wrongly executed through sale deed can not be taxed…

1 week ago
  • Income Tax

High Court grants bail to Income Tax Officer accused of demanding bribe of Rs. 25000/-

High Court grants bail to Income Tax Officer accused of demanding bribe of Rs. 25000/- In a recent judgment, the…

1 week ago
  • Income Tax

Cash deposit in demonetisation held exempt assessee being resident of Arunachal Pradesh

Cash deposited in bank account during demonetisation period can not be taxed on technical ground when it was fully exempt…

2 weeks ago
  • Income Tax

ITAT deleted addition made on presumption – there cannot be loss in restaurant business

ITAT deleted addition made on the presumption that there cannot be loss in restaurant business. In a recent judgment, ITAT…

2 weeks ago
  • Income Tax

Rent of plot taxed as income from other sources in absence of proof of structure on it

ITAT upheld taxing rent of plot of land as income from other sources in the absence of proof of any…

2 weeks ago