Judgments

  • Income Tax

Addition sustained for claiming accumulated depreciation in Profit and Loss Account

Addition sustained for claiming accumulated depreciation in Profit and Loss Account instead of current year’s depreciation ABCAUS Neutral Case Law…

1 year ago
  • Income Tax

Reassessment on wrong presumption that assessee not have PAN and non filer void

Reassessment on the wrong presumption that assessee not have PAN and is a non return filer held void ab initio…

1 year ago
  • Income Tax

Phenomenal LTCG in short period possible only through a colorable device

Phenomenal LTCG in short period possible only through a colorable device – ITAT upheld taxing LTCG as income from undisclosed…

1 year ago
  • Income Tax

Transportation/Mess Fee was integral part of education, the main objective of trust

Transportation/Mess Fee held integral part of education, the main objective of the trust - ITAT deleted additions made u/s 11(4A)…

1 year ago
  • Income Tax

Income Tax Prosecution u/s 276CC – Default willful or not to be decided by Trial Court

Prosecution u/s 276CC – Whether default is willful or not is a fact to be decided by trial court on…

1 year ago
  • Income Tax

Accepting house property income as business income was fit case for revision u/s 263

Accepting rental income from commercial complex as business income instead of house property was erroneous and prejudicial to the interest…

1 year ago
  • Income Tax

ITAT slams appellant in filing multiple appeals as abuse of process of Court

ITAT slams appellant in filing multiple appeals as abuse of process of Court, against the principles of Res Judicata and…

1 year ago
  • GST

Detention order passed by UPGST authorities on wrong presumption quashed by High Court

High Court quashed detention order of UP GST Authorities on presumption that goods was brought into State by two different…

1 year ago
  • Income Tax

Sundry Creditors written off by debiting to software account was not income

Sundry Creditors written off by debiting to software account was not income as the software purchased was of no use…

1 year ago
  • Income Tax

Penalty u/s 271AAB deleted as assessee declared income on presumptive basis

Income Tax Penalty u/s 271AAB deleted as assessee was declaring income on presumptive basis, was not required to maintain books…

1 year ago