Category: High Courts

Imprest account not necessarily part of partner capital account as held by ITAT was without properly analysing evidence-HC

Imprest account not necessarily part of partner capital account as held by ITAT was without properly analysing evidence-HC

December 1, 2016 High Courts, Income Tax, Judgments
Imprest account not necessarily part of partner capital account as held by ITAT was based merely on partner’s statement without properly analysing the evidence-High Court ABCAUS Case Law Citation: ABCAUS 1068 (2016) (11) HC Brief Facts of the Case: The responding assessee was a partnership fir. The return …
Keyman Insurance Policy of partner of firm allowable as business expenditure. CBDT accepts High Court Judgments vide Circular No. 38/2016

Keyman Insurance Policy of partner of firm allowable as business expenditure. CBDT accepts High Court Judgments vide Circular No. 38/2016

November 22, 2016 High Courts, Income Tax, Judgments
Keyman Insurance Policy of partner of firm allowable as business expenditure. CBDT accepts various High Court Judgments on the subject. CIRCULAR NO . 38/2016 F.No.279/Misc./140/2015-ITJ Government  of India Ministry of Finance Central Board of Direct Taxes ****** New Delhi, Dated 22nd November , 2016 Subject: Admissibility of expenditure …
Public Limited Company Corporate Veil lifting us 179 of Income Tax Act is possible with prima-facie sufficient material and confronting assessee with show cause-Gujarat HC

Public Limited Company Corporate Veil lifting us 179 of Income Tax Act is possible with prima-facie sufficient material and confronting assessee with show cause-Gujarat HC

November 1, 2016 High Courts, Income Tax, Judgments
Public Limited Company Corporate Veil lifting us 179 of Income Tax Act is possible with prima-facie sufficient material and confronting assessee with show cause-Gujarat High Court. ABCAUS Case Law Citation: 1046 (2016) (10) HC Important Case Law Cited: Pravinbhai M. Kheni v. Assistant Commissioner of Income-tax Brief Facts …
Grant-delay of Income Tax Refund-Conduct of AO was disturbing in not grating-delaying refund based on CBDT Instruction No. 1 of 2015 which was set aside

Grant-delay of Income Tax Refund-Conduct of AO was disturbing in not grating-delaying refund based on CBDT Instruction No. 1 of 2015 which was set aside

November 1, 2016 High Courts, Income Tax, Judgments
Grant-delay of Income Tax Refund-Conduct of AO was disturbing in not grating-delaying refund based on CBDT Instruction No. 1 of 2015 which was set aside-Bombay High Court ABCAUS Case Law Citation: 1045 (2016) (10) HC Assessment Year 2015­16 The Challenge: The petition under Article 226 of the Constitution of  India …
Courts power confined to examine arbitration agreement existence only after amendments to the Arbitration and Conciliation Act 1996-Delhi High Court

Courts power confined to examine arbitration agreement existence only after amendments to the Arbitration and Conciliation Act 1996-Delhi High Court

October 20, 2016 High Courts, Judgments
Courts power confined to examine arbitration agreement existence only after amendments to the Arbitration and Conciliation Act 1996-Delhi High Court.  ABCAUS Case Law Citation: 1039 (2016) (10) HC Important Case Law Referred: Radhakrishnan v. M/s. Maestro Engineers & Ors. (2009) (13) SCALE 403 Brief Facts of the Case: …