Judgments

  • 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
  • Income Tax

Order of Settlement Commission passed stating non examining of records upheld

Order of Settlement Commission passed stating non examining of records upheld. Just an isolated sentence can’t be allowed to defeat…

4 years ago
  • Income Tax

TDS non deduction by bank where income in Form 15G/15H exceeded threshold limit

TDS non deduction by bank where income in Form 15G/15H exceeded threshold limit of basic exemption. ITAT remands case for…

4 years ago
  • contract-law

Every violation of natural justice not always makes order passed null and void

Every violation of a facet of natural justice not always makes order passed null and void, it has to be…

4 years ago
  • rera

Adjudicating Officer RERA has power to award compensation or interest

Adjudicating Officer RERA has power to award compensation or interest. Power to adjudge compensation is conferred upon the Adjudicating Officer…

4 years ago
  • Income Tax

Rent of shops let out in Mall if business income or income from house property? SC dismissed Revenue’s SLP

Rent of shops let out in shopping Mall if business income or income from house property – SC dismissed Revenue’s…

4 years ago