Judgments

  • Income Tax

A company cannot have any personal expenditure. ITAT deleted the ad-hoc disallowance

A company cannot have any personal expenditure. ITAT deleted ad hoc disallowance on vehicle running and maintenance expenditure ABCAUS Case…

5 years ago
  • SEBI

SAT quashed SEBI order debarring by Price Waterhouse firms/other auditors

SAT quashed SEBI order debarring by Price Waterhouse firms/other auditors from auditing listed Companies and Directions to listed Companies not…

5 years ago
  • Income Tax

Evidentiary value of statement made on oath in survey proceedings u/s 133A -High Court explains

Evidentiary value of a statement made on oath by the assessee to the income tax authority in survey proceedings u/s…

5 years ago
  • Income Tax

Prosecution u/s 276B set aside as intention of company was to deposit TDS

Prosecution u/s 276B set aside as intention of company was to deposit TDS, but due to bad financial condition the…

5 years ago
  • Income Tax

Interest awarded in motor accident claim cases from the date of Claim Petition till award not taxable

Interest awarded in motor accident claim cases from the date of the Claim Petition till passing of award/judgment not taxable,…

5 years ago
  • Income Tax

Principles of law/legal position regd. exercise of revisionary powers u/s 263 as laid down by SC/HC

Principles of law and legal position regarding exercise of revisionary powers u/s 263. ITAT explains the twin conditions as laid…

5 years ago
  • Income Tax

Reopening for escaped FDR income upheld as profits were estimated only on contract income

Reopening for escaped FDR income upheld when in original assessment profits was estimated only on contract income ignoring interest income…

5 years ago
  • Income Tax

Penalty u/s 271E deleted in absence of proof /receipt acknowledging repayment of loan in cash by assessee

Penalty u/s 271E deleted in the absence of proof /receipt acknowledging the repayment of loan in cash by the assessee.…

5 years ago
  • Excise/Custom

When appeal from order of CESTAT lie before Supreme Court or to High Court. SC explains the law

When appeal from order of CESTAT lie before Supreme Court or to the High Court u/s 130E or 130 of…

5 years ago
  • Income Tax

Waiver of rent payable by tenant amounts to application of income and taxable- ITAT

Waiver of rent payable by tenant amounts to application of income and therefore taxable. It cannot be construed as overriding…

5 years ago