Judgments

  • Income Tax

Income Tax Department vindictively disallowed agricultural income claim of Jayalalithaa. Sasikala also gets similar relief from ITAT

Income Tax Department vindictively disallowed agricultural income claim of Jayalalithaa.  Sasikala also gets relief from ITAT ABCAUS Case Law Citation:…

8 years ago
  • Income Tax

No income concealment us 271(1(c) on gift under explanation 5A. NSC declared us 153A was received as inheriting, gift from father, grandfather-ITAT

No income concealment us 271(1(c) on gift under explanation 5A. NSC declared us 153A was received as inheriting, gift from…

8 years ago
  • Income Tax

Bogus share capital entry to obtain bank loan. Addition us 68 remanded back to verify facts in view of re-casted audited balance sheet and ROC filing-ITAT

Bogus share capital entry to obtain bank loan. Addition made u/s 68 remanded back to verify facts in view of…

8 years ago
  • Income Tax

Section 68 is about satisfaction of AO not CIT us 263 to sit on the judgment of AO. Revision order can not be made merely on audit objection basis-ITAT

Section 68 is about satisfaction of AO not CIT us 263 to sit on the judgment of Assessing Officer. Revision…

8 years ago
  • Income Tax

Expenses on issue of shares eligible deduction us 35D. Deduction for payment of bonus to employees eligible us 36 not 43B or 40A(9)-SC

Expenses on issue of shares eligible deduction us 35D. Deduction for payment of bonus to employees eligible u/s 36 and…

8 years ago
  • Income Tax

Diary also books of accounts us 44AA2. Section does not prescribe but only talks of accounts-documents which may enable AO to adduce true income-ITAT

Diary also books of accounts us 44AA. Section does not prescribe books for business but only talks of accounts-documents which…

8 years ago
  • ICAI

CA issuing fake certificate-invoice to bank guilty of misconduct. Bank on the strength of certificate-proforma invoice released loan fund-Delhi HC

CA issuing fake certificate-invoice to bank guilty of misconduct. Bank on the strength of false certificate and fake proforma invoice had…

8 years ago
  • Service Tax

Supreme Court stays Delhi HC judgment on Service Tax Audit by Departmental Officer or CAG in Mega Cabs Private Limited case

Supreme Court stays Delhi HC judgment on Service Tax Audit by Departmental Officer or CAG The Supreme Court has stayed the…

8 years ago
  • ICAI

Disciplinary proceedings against managing committee of ICAI Chandigarh Branch stayed by Punjab and Haryana High Court

Disciplinary proceedings against managing committee of ICAI Chandigarh Branch stayed by P&H High Court in a case of democratic selection…

8 years ago
  • Income Tax

Income Tax Notice by Speed Post held not served properly as was not sent by registered post

Income Tax Notice by Speed Post held not served properly as was not sent by registered post In a recent…

8 years ago