Judgments

  • Income Tax

Arbitration award paid by sale of property not cost of improvement – Supreme Court

Arbitration award paid by sale of property not cost of improvement – Supreme Court holds assessment order as erroneous and…

1 year ago
  • Income Tax

Amendment to Section 153C by Finance Act 2015 applicable to searches done before 01.06.2015 – SC

Amendment to Section 153C vide Finance Act, 2015 applicable to searches conducted u/s 132 before 01.06.2015 - Supreme Court ABCAUS…

1 year ago
  • Income Tax

NFAC did not sent notice to email id mentioned in Form 35. ITAT remand the case

NFAC did not sent notice to email id mentioned in Form 35. ITAT remand case despite CIT(A) had given finding…

1 year ago
  • Income Tax

NFAC passes copy paste order narrating wrong facts. ITAT deleted addition u/s 69A

NFAC passes copy paste order narrating wrong facts. ITAT deleted addition towards cash deposits u/s 69A ABCAUS Neutral Case Law…

1 year ago
  • Income Tax

Business Promotion Expenses – Assessee can not produce all persons with whom meetings held – ITAT

Business Promotion Expenses – It is impossible for assessee to produce all persons with whom company had meetings in hotels…

1 year ago
  • Income Tax

Reporting in Clause 16(d) of Form 3CD – ITAT clarifies the provision

Reporting in Clause 16(d) of Form 3CD – No adjustment by CPC for non business income if declared in return…

1 year ago
  • Bank

Borrower to be given opportunity of hearing before classifying their account as fraud – SC

Banks to offer opportunity of hearing to borrowers before classifying their account as fraud – Supreme Court ABCAUS Neutral Case…

1 year ago
  • Income Tax

Period of limitation for block assessment starts from the date of last Panchnama – SC

Period of limitation for block assessment u/s 158BC/158BE commences from the date of last Panchnama, not the date of last…

1 year ago
  • Income Tax

Forfeiture of advance received on agreement to sale of property is capital receipt

Forfeiture of advance received on agreement to sale of property is capital receipt not income from other sources  ABCAUS Neutral…

1 year ago
  • Income Tax

Onus is on assessee to substantiate agricultural income, Exemption to be strictly construed – ITAT

Onus is on assessee to substantiate agricultural income and exemption provisions are to be strictly construed - ITAT ABCAUS Neutral…

1 year ago