Judgments

  • Income Tax

Appeal before CIT rejected for not filed electronically remanded for reconsideration by removing defect

Appeal before CIT rejected for not filed electronically remanded. Sufficient time to be given to assessee to remove defect by…

7 years ago
  • Income Tax

No Addition for upto 10 percent difference in DVOs report and investment shown by the assessee-ITAT

No Addition for upto 10 percent difference in DVOs report and the amount of investment shown by the assessee which…

7 years ago
  • Income Tax

Time Limit for assessment complettion when ITAT simply restored matter to AO without any finding or direction

Time Limit for assessment-When ITAT simply restored matter to AO for fresh adjudication without any finding or direction, section 153(2A)…

7 years ago
  • Aadhaar

No PAN invalidation for non linking with Aadhaar-SC Stays the provision. Read Full text of Supreme Court Judgment

No PAN invalidation for non linking with Aadhaar. Supreme Court stays provision for linking of PAN with Aadhaar No PAN…

7 years ago
  • Income Tax

Only real income can be taxed under Income Tax Act – Bogus Purchase addition restricted to 10%

Only real income can be taxed under Income Tax Act. Even if whole transaction is not verifiable only income component…

7 years ago
  • Income Tax

When substantial question of law admitted by High Court, it is apparent that addition is debatable – ITAT

When substantial question of law admitted by High Court, it is apparent that addition is debatable - ITAT ABCAUS Case…

7 years ago
  • Income Tax

Personal jewellery of family members found during survey in physical stock was to be excluded during assessment – ITAT

Personal jewellery of family members found during survey in physical stock was to be excluded during assessment as the burden…

7 years ago
  • Income Tax

Addition for liability existing in balance sheet u/s 41(1). CIT(A) had no locus standi to enhance assessment – ITAT

Addition for liability existing in balance sheet u/s 41(1). CIT(A) had no locus standi to enhance the assessment for the…

7 years ago
  • Income Tax

CA acting as middleman arranging accommodation entries-Commission income estimated @ 1% upheld

CA acting as middleman arranging accommodation entries of share capital-premium through fictitious companies. Commission income estimated @ 1% upheld ABCAUS…

7 years ago
  • Income Tax

Tibunal Appellate Tribunal and other Authorities (Qualifications, Experience and other Conditions of Service of Members) Rules 2017

Tibunal Appellate Tribunal and other Authorities (Qualifications, Experience and other Conditions of Service of Members) Rules 2017 MINISTRY OF FINANCE…

7 years ago