Judgments

  • Income Tax

Reopening notice u/s 148 on wrong presumption that assessee not filed return of income quashed.

Reopening notice u/s 148 on wrong presumption that assessee not filed return of income quashed by Tribunal as non application…

3 years ago
  • Excise/Custom

CENVAT credit of service tax on goods transported from place of removal to buyers premises-SLP admitted

CENVAT credit of service tax paid on transport of goods from place of removal to the buyer’s premises – Supreme…

3 years ago
  • Income Tax

ITAT rejects & disbelieves cash gifts by close relatives at the time of marriage and anniversary

ITAT rejects and disbelieves cash gifts by close relatives at the time of marriage and anniversary as no such evidence…

3 years ago
  • Income Tax

Mesne profits & interest awarded by Court for unauthorised occupation by tenant taxable u/s 23(1)

Mesne profits and interest on mesne profits awarded by Court for unauthorised occupation by tenant taxable tax u/s 23(1) ABCAUS…

3 years ago
  • Supreme Court

Registration of Project under RERA no bar to initiate proceedings under Consumer Protection Act

Registration of Project under RERA no bar to initiate proceedings under Consumer Protection Act. Its choice or discretion of the…

4 years ago
  • Income Tax

Penalty u/s 271(1)(b) can not be imposed if assessment order passed u/s 143(3) not u/s 144

Penalty u/s 271(1)(b) can not be imposed when assessment order passed u/s 143(3) not best judgment assessment u/s 144 ABCAUS…

4 years ago
  • bankruptcy

SC to decide constitutional validity of IBC 2016 applying to personal guarantors of corporate debtors

Supreme Court to decide constitutional validity of provisions of IBC 2016 to the extent they apply to personal guarantors of…

4 years ago
  • Income Tax

Delay in filing appeal condoned as auditor sought opinion from tax advocate who misplaced records

Delay in filing appeal condoned as auditor sought opinion from tax advocate who misplaced the records ABCAUS Case Law CitationABCAUS…

4 years ago
  • Income Tax

Jewellery belonging to family members found in search can not be taxed in assessee’s hand

Assessee can not be taxed for jewellery belonging to family members erroneously or under compulsion offered to tax during search…

4 years ago
  • Income Tax

Ceiling of allowable partners remuneration u/s 40b and exclusion of interest income

For computing allowable partners remuneration u/s 40(b) AO can not allocate net profit into different heads to exclude interest income …

4 years ago