Judgments

  • Income Tax

Data retrieved from Pen-drive & admission not substantive evidentiary value to make additions

Data retrieved from Pen-drive and admission by vendors though may have a persuasive value no substantive evidentiary value to make…

3 years ago
  • SEBI

Supreme Court lays down guidelines for Compounding of Offences u/s 24 of SEBI Act

Supreme Court lays down guidelines for Compounding of Offences u/s 24 of SEBI Act by Securities Appellate Tribunal (SAT) and…

3 years ago
  • Income Tax

Adjustment of amount paid under IDS 2016 on failure to pay 3rd instalment – SC issues notice to CBDT

Adjustment of amount paid under IDS 2016 on failure to pay third instalment - Supreme Court issues notice to CBDT…

3 years ago
  • Income Tax

Disallowance u/s 36(1)(va) for delayed EPF deposit. Explanation-5 to section 43B not retrospective

Disallowance u/s 36(1)(va) for delayed deposit of employees  contribution of EPF. Explanation-5 to section 43B not retrospective - ITAT ABCAUS…

3 years ago
  • cooperative-society

Supreme Court struck down Constitution 97th Amendment related to Cooperative Societies

Supreme Court struck down Constitution 97th Amendment with respect to Cooperative Societies, upheld for multi State Cooperative Societies ABCAUS Case…

3 years ago
  • Income Tax

Ex parte assessment remanded as assessee was a defunct company ceased to function

Ex parte best judgment assessment remanded as the assessee was a defunct company which ceased to function and therefore could…

3 years ago
  • Income Tax

Exemption u/s 54F allowed though Sale proceeds deposited in Nationalised Bank not in capital gain deposit scheme

Exemption u/s 54F allowed though Capital Gain sale proceed deposited in Nationalised Bank instead of capital gain deposit scheme account…

3 years ago
  • Income Tax

Once an asset is part of block, depreciation can not be denied for non-use of individual item

Once an asset is part of block, depreciation can not be denied non-use. The concept of “use” of assets has…

3 years ago
  • Finance Ministry

Minimum age of 50 years for appointment in Tribunals declared void by Supreme Court

Supreme Court  declares requirement of minimum age of 50 years for appointment in Tribunals as void and inoperative ABCAUS Case…

3 years ago
  • Income Tax

Entire income of trust can’t be taxed for violation of 12A exemption conditions-SC dismisses SLP

Entire income of trust cannot be taxed for violation of Section 12A exemption conditions. Supreme Court dismisses SLP of Department.…

3 years ago