Judgments

  • Income Tax

Difference of receipts as per 26AS & books – Only embedded profits can be added to income

For difference of receipts as per 26AS and books of account, only embedded portion of profits can be added to…

3 years ago
  • Income Tax

TDS on payment to advertising agency is covered u/s 194C not 194I. Contract my be implied

TDS on payment to advertising agency is covered u/s 194C not 194I. Contract need not always be in writing and…

3 years ago
  • Income Tax

Cancellation of Registration u/s 12AA & 80G for bogus donations was right – Supreme Court

Cancellation of Registration of trust u/s 12AA and 80G for bogus donations was right. Entity misusing status conferred upon u/s…

3 years ago
  • 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