Judgments

  • Income Tax

Registration u/s 12A denied due to byelaws not signed by Authorized Signatory. ITAT set asides order

Registration u/s 12A declined due to byelaws/memorandum not signed/certified by Authorized Signatory of trust. ITAT set aside the order of…

5 years ago
  • Income Tax

Assessment Order passed months ahead of deadline without inquiries a stronger case for revision u/s 263

Assessment Order passed several months ahead of deadline without making inquiries/verification is without due application of mind & in avoidable…

5 years ago
  • Income Tax

Notice u/s 148 approval satisfaction-Yes I am satisfied on reasons recorded by AO, invalid

Notice u/s 148 approval recording satisfaction “Yes, I am satisfied on the reasons recorded by the AO that it is…

5 years ago
  • Income Tax

AO cannot sit back with folded hands not issuing summons u/s 131 of Income Tax Act in quest for truth

AO cannot sit back with folded hands in not issuing summons u/s 131 of Income Tax Act in quest for…

5 years ago
  • Income Tax

Addition u/s 68 quashed for cash given by wife deposited by husband in his bank account

Addition u/s 68 quashed for cash given by wife deposited by husband in his bank account. In cash deposits, relationship…

5 years ago
  • Income Tax

It is incumbent upon CIT(A) to examine the veracity of the statements made in affidavits – ITAT

It is incumbent upon CIT(A) to examine the veracity of the statements made in affidavits. Addition u/s 68 for cash…

5 years ago
  • Income Tax

Addition for investment in penny stock company set aside to show how assessee involved in Company

Addition for investment in penny stock company remitted to record how assessee involved in promoting company and how inflated shares…

5 years ago
  • Income Tax

Two different proceedings arising out of same assessment should be disposed together

Two different proceedings arising out of same assessment should be disposed together to avoid multiplicity of proceedings and conflicting judicial…

5 years ago
  • Income Tax

No bar in law for a person dealing in land to also have investment in land. SC dismisses SLP

No bar in law for a person dealing in land to also have investment in land. Assessee can hold same…

5 years ago
  • Sales Tax

Incidence of Central Sales Tax occurs where the goods are appropriated to the contract – SC

Incidence of Central Sales Tax occurs where the goods are appropriated to the contract. Supreme Court dismissed SLP of VAT…

5 years ago