Category: High Courts
Conversion of limited scrutiny to complete scrutiny is question of fact. High Court dismisses the writ as petitioner had a right to appeal against the assessment order The Petitioner assessee was aggrieved by the assessment order passed u/s 144 by converting limited scrutiny to complete scrutiny. The impugned …
Damages paid for violation of agreement to sell allowed as incurred in connection with the transfer of property for computing long term capital gains-High Court The question framed by the Hon’ble High Court was as to whether the ITAT, was correct in holding that the amount paid by …
Market value of shares quoted in stock exchange can not be taken as a basis for computing capital gains under Section 48 of the Income Tax Act ABCAUS Case Law Citation: ABCAUS 2297 (2018) (04) HC Important Case Laws Cited/relied upon by the parties K.P. Verghese versus Income …
AO can not enhance assessment on an order of remand by ITAT. The Tribunal has no power to enhance assessment in appeal-High Court ABCAUS Case Law Citation: ABCAUS 2291 (2018) (04) HC The appellant assessee had filed the instant appeal was filed u/s 260A of the Income Tax …
UP Govt has no power to require TDF for inter state goods movement. Seizure of vehicle for want of TDF was illegal as E-way Bill System was not notified by Central Govt.-Allahabad High Court UP Govt had no power to require TDF for inter state goods movement. Seizure of …
Location of the Plant outside EOU and customs bonded area not a disqualification to claim deduction under Section 10B of Income Tax Act-High Court ABCAUS Case Law Citation: ABCAUS 2285 (2018) (04) HC Important Case Laws Cited/relied upon by the parties Commissioner of Income Tax Vs. Caritor (India) …
High Court summons GST Officer to explain illegal interception and seizure of goods despite E-Way Bill being generated and produced ABCAUS Case Law Citation: ABCAUS 2284 (2018) (04) HC The instant writ was filed by the Petitioner consignor who was aggrieved by the seizure of the goods made …
Educational institutions may take more creative steps to qualify their objectives as an “educational purpose” than objectives set out in the memorandum-High Court ABCAUS Case Law Citation: ABCAUS 2281 (2018) (04) HC Important Case Laws Cited/relied upon by the parties ACIT v. Thanthi Trust 247 ITR 785 Commissioner …
High Court upheld inclusion and exclusion of comparables by TPO based on filters of losses, declining sales, segment reporting employee cost etc. ABCAUS Case Law Citation: ABCAUS 2280 (2018) (04) HC The appellant assessee had filed the instant appeal under Section 260A of the Income Tax Act, 1961 …
Back dated seizure order under GST Act quashed by the High Court as e-Way Bill was downloaded and produced before the Assistant Commissioner before the date fixed for reply ABCAUS Case Law Citation: BCAUS 2277 (2018) (04) HC The petitioner was a registered proprietorship firm engaged in trading of …