Judgments

  • Income Tax

Full year depreciation on vehicle can not be denied based on registration date

Full year depreciation on vehicle can not be denied on the ground that registration was done later as assessee had…

1 year ago
  • Income Tax

No remission/cessation of liability if trading liability is declared in books of account

No remission or cessation of liability u/s 41(1) if trading liability is continued to be declared in books of account…

1 year ago
  • Income Tax

Penalty u/s 271B deleted as assessee was unaware of Tax Audit Provision

Penalty u/s 271B deleted as assessee was not aware that section 44AB related to Tax Audit was applicable to him…

1 year ago
  • Income Tax

A Reasonable limitation period applicable to Order u/s 206C for failure to deduct TCS

A reasonable limitation period is applicable to Order u/s 206C for failure to deduct TCS although no limitation is prescribed…

1 year ago
  • Income Tax

Preparation & uploading fake ITR by Chartered Accountant. ITAT remands case

Preparation and uploading of fake ITR by Chartered Accountant. ITAT remands the case to AO to decide in the light…

1 year ago
  • Income Tax

Criminal complaint against company, CA & directors for tax evasion dismissed

Criminal complaint against company, CA directors for tax evasion u/s 276C  by way of bogus share valuation report dismissed ABCAUS…

1 year ago
  • Income Tax

Explanation that jewellery was acquired out of income of Bigger HUF was plausible – ITAT

Explanation that jewellery was acquired out of agricultural income of Bigger HUF before its partition cannot be termed as not…

1 year ago
  • Income Tax

Violation of Section 269SS can not be escaped by genuineness or bona fides of transaction

Penalty u/s 271D for violation of Section 269SS can not be escaped by establishing genuineness or bona fides of the…

1 year ago
  • Income Tax

Applying registration u/s 12AA without surrendering PAN of firm was Fraud

Assessee committed fraud by applying registration u/s 12AA without surrendering earlier PAN issued as firm in the very same name…

1 year ago
  • Income Tax

50 % expenditure allowed from Consultancy services without proof of expenses

50 percent expenditure allowed from Consultancy services without proof of expenses in view of the provisions of section 44ADA ABACUS…

1 year ago