Judgments

  • Income Tax

Order passed on deceased person without bringing legal heirs on record null and void.

Order passed on deceased person name without bringing legal heirs on record null and void. This was held by ITAT…

8 years ago
  • Income Tax

Deduction us 80IA-Notional brought forward of losses even when it were set off against income of the assessee in earlier years not allowed

Deduction us 80IA-Notional brought forward of losses even when it were set off against income of the assessee in earlier…

8 years ago
  • Income Tax

Disallowance us 361iii for bank interest on unutilized loan. If satisfied that loan was for business, no addition required for unutilized part at year end

Disallowance us 361iii for bank interest on unutilized loan In a recent judgment, ITAT held that once the Assessing Officer satisfied…

8 years ago
  • Income Tax

TDS Default-Assessee liable us 2011A for interest even if payee declared income and paid taxes. ITAT amends order in line with Supreme Court judgment

TDS Default-Assessee liable us 2011A for interest even if payee declared income and paid taxes. ITAT amends the order in…

8 years ago
  • Income Tax

Income tax Survey outcome disclosure to complainant directed under RTI as soon as the assessment proceedings are concluded. CIC Order

Income tax Survey outcome disclosure to complainant directed under RTI Act  ABCAUS Case Law Details: 001 2016 (06) CIC Date…

8 years ago
  • Income Tax

Penalty 271B-Statutory auditor not tax auditors delay. Delay in completing statutory audit by Cooperative auditor was sufficient cause not imposing penalty

Penalty 271B-Statutory auditor not tax auditors delay. Delay in completing statutory audit by Cooperative auditor was sufficient cause not imposing…

8 years ago
  • Income Tax

Payments to franchisees held liable to TDS us 194C not 194J. Modus operandi for fee collection and revenue sharing not determine for tds on amount remitted

Payments to franchisees held liable to TDS us 194C not 194J. The modus operandi for collection of the fees as well as of…

8 years ago
  • ICAI

CA providing fake accommodation entries banned/removed from practice for life by PH High Court on reference by ICAI holding him guilty of misconduct

CA providing fake accommodation entries banned/removed from practice for life by PH High Court on reference by ICAI holding him…

8 years ago
  • Income Tax

STCG-LTCG of NBFC held as capital gains not business income based on broad principles as laid down by various judicial pronouncements

STCG-LTCG of NBFC held as capital gains not business income based on broad principles as laid down by various judicial…

8 years ago
  • Income Tax

Reopening assessment us 147-148 for verification of details is illegal, A Fishing inquiry is not contemplated in Income Tax Act – ITAT

Reopening assessment us 147/148 for verification of details illegal The Assessing Officer merely sought to reopen the assessment for verification…

8 years ago