Judgments

  • negotiable instrument act

SC explains law of conviction u/s 138 of NI Act of authorised signatories/guarantors

Supreme Court explains law of conviction u/s 138 of NI Act on authorised signatories of firm/companies. civil liability vs Vicarious…

2 years ago
  • Income Tax

Amendment by Finance Act 2021 for disallowance u/s 43B retrospective or prospective is debatable – ITAT

Amendment by Finance Act 2021 for disallowance u/s 36(1)(va) read with u/s 43B retrospective or prospective is debatable & controversial…

2 years ago
  • Income Tax

Only AO holding charge over an assessee for assessment purposes could issue reassessment notice

Only AO holding charge over an assessee for assessment purposes could issue reassessment notice u/s 148 - ITAT ABCAUS Case…

2 years ago
  • Income Tax

Deduction of annual mixed used charge not allowable from house property income

Deduction of annual mixed used charge not allowable from house property income u/s 23(1) of the Income Tax Act 1961…

2 years ago
  • Service Tax

Krishi Upaj Mandi Samiti liable to service tax on renting of immovable property prior to Negative List Regime

Krishi Upaj Mandi Samiti liable to service tax on renting of immovable property prior to Negative List Regime. These activities…

2 years ago
  • Income Tax

Addition for cash deposit set aside as AO accepted turnover under presumptive taxation

Addition for cash deposit in bank set aside where AO accepted the turnover under presumptive taxation ABCAUS Case Law CitationABCAUS…

2 years ago
  • Income Tax

Reassessment invalid without serving notice personally/by affixture where notice returned

Reassessment proceedings without sending Inspector to serve notice personally or by affixture where notice served by speed post was returned…

2 years ago
  • Income Tax

Supreme Court uphold quashing of reassessment notice issued beyond four years

Supreme Court uphold quashing of reassessment notice issued beyond four years without failure of assessee to disclose fully & truly…

2 years ago
  • Income Tax

Debit entries also to be considered for cash credit u/s 68. Credit entries can’t be looked in isolation

Debit entries should also be considered for cash credit entries u/s 68. Credit entries cannot be looked into isolation ignoring…

2 years ago
  • Income Tax

TDS not applicable on payment of bank guarantee commission as there is no element of agency

TDS not applicable on payment of bank guarantee commission to bank listed in second schedule to RBI Act as there…

2 years ago