Judgments

  • Income Tax

Remuneration paid to partners cannot be disallowed for want of registration of firm

Remuneration paid to partners cannot be disallowed for want of registration of firm. There is no requirement that partnership firm…

5 years ago
  • ICAI

Company filing complaints/petitions against various CAs in organised manner fined by High Court

Company filing complaints/petitions against various CAs in organised manner fined with Rs. One lakhs to discourage making litigation a business.…

5 years ago
  • ICAI

There is no requirement to obtain NOC from previous auditor under CA Act 1949- High Court

There is no requirement to obtain NOC from previous auditor. Dissuading other CAs from taking up audit not object of…

5 years ago
  • Income Tax

Set off of STCG loss allowed despite not claimed in ITR nor revised return was filed by assessee

Set off of STCG loss with STCG allowed despite the assessee had not claimed it in his return of income…

5 years ago
  • Income Tax

Assessees maintaining / not maintaining stock register cannot be equated for deletion of addition-ITAT

Assessees maintaining and not maintaining stock register cannot be equated. ITAT directs addition on estimate basis for possible leakage of…

5 years ago
  • Income Tax

Exercise of power by CIT u/s 263 is barred when appeal u/s 250 is pending

Exercise of power by CIT u/s 263 is barred when appeal u/s 250 is pending. “record” means what is available…

5 years ago
  • Income Tax

Failure of AO to issue summons u/s 131(1) on request of assessee to discharge his onus is fatal

Failure of AO to issue summons u/s 131(1) on request of assessee in order to enable him to discharge his…

5 years ago
  • Income Tax

Non response to unauthorised enquiry letter not constitute material forming belief of income escaped

Non response to unauthorised enquiry letter issued without approval not constitute material forming belief of escapement of income u/s 147…

5 years ago
  • Income Tax

Affixture of income tax notice-essential conditions, procedure and law explained by ITAT

Affixture of income tax notice-essential conditions, procedure and law explained by ITAT. Unless notice is served on proper person in…

5 years ago
  • Income Tax

Revision u/s 263 merely for difference in income as per P&L Account & TDS statement quashed

Revision 263 merely for difference in income as per P&L Account & TDS statement quashed as assessment order was not…

5 years ago