Judgments

  • Income Tax

No liability for TDS when buyers deducted commission and remitted only net amount – ITAT

No liability for TDS when buyers deducted commission and remit only net amount – ITAT quashed disallowance u/s 40(a)(ia) ABCAUS…

1 year ago
  • Income Tax

Statement recorded u/s 132(4) is not sacrosanct merely for want of coercion and duress – ITAT

Statement recorded u/s 132(4) is not sacrosanct merely because assessee failed to demonstrate any coercion and duress - ITAT ABCAUS…

1 year ago
  • Income Tax

Assessee cannot be asked to explain the bank transactions of an unrelated party  – ITAT

Assessee cannot be asked to explain the bank transactions of an unrelated party  - ITAT deleted addition u/s 69A ABCAUS…

1 year ago
  • GST

Determining tax liability u/s 74 of UPGST Act following Income Tax guidelines impermissible

Determining tax liability under Section 74 of UPGST Act, following Income Tax guidelines is impermissible – Allahabad High Court  ABCAUS…

1 year ago
  • Income Tax

Mere providing evidence relied upon is no substitute of right of cross-examination

Mere providing evidence relied upon by AO no substitute of fundamental right of opportunity for cross-examination - ITAT ABCAUS Case…

1 year ago
  • Income Tax

Section 69 & 115BBE not applicable on excess stock generated out of business income

Section 69 & 115BBE not applicable on excess stock generated out of business income ABCAUS Case Law Citation:ABCAUS 3704 (2023)…

1 year ago
  • Income Tax

No penalty u/s 271C on mere delay in deposit of TDS after deduction – Supreme Court

No penalty u/s 271C on mere delay in deposit of TDS after deduction – Supreme Court No penalty can be…

1 year ago
  • Income Tax

Sale of Agricultural land converted into commercial non taxable if operations continued

Sale of Agricultural land converted into commercial land held non taxable as agricultural operations were continued – SC dismisses SLP…

1 year ago
  • Income Tax

Income Tax assessment order passed u/s 143(3) supports that party was not bogus – ITAT

Income Tax assessment order passed u/s 143(3) supports that party was not bogus, very much existed and carried out business…

1 year ago
  • Income Tax

Payment made by family member for purchase of new property no bar for exemption u/s 54F – ITAT

Payment made by family member for purchase of new property not a bar to assessee in claiming exemption u/s 54F.…

1 year ago