Category: Judgments
The assessee alone can decide whether to keep cash in locker or deposit in bank FDR. ITAT deleted addition made by AO u/s 69A rejecting explanation of assessee ABCAUS Case Law Citation:ABCAUS 2811 (2019) (03) ITAT Important Case Laws Cited/relied upon by the parties Rajendra Prasad Subhash Chand …
Depreciation on fixed assets classified as capital work in progress allowed in the revised return when corresponding income was taxed ABCAUS Case Law Citation: ABCAUS 2810 (2019) (03) ITAT Important Case Laws Cited/relied upon by the parties Kedarnath Jute Mills (82 ITR 363) KM Sugar Mills Ltd. (373 …
Deduction u/s 80HH available out of gross profits before insertion of Section 80AB with effect from 1st April, 1981 –Supreme Court overrules its previous judgment ABCAUS Case Law Citation: ABCAUS 2808 (2019) (03) SC Important Case Laws Cited/relied upon by the parties Motilal Pesticides (I) Pvt. Ltd. vs. …
Basic salary for PF deduction include allowances unless it is shown that employee had earned the extra amount beyond normal work which was otherwise required of them- SC ABCAUS Case Law Citation:ABCAUS 2807 (2019) (02) SC Important Case Laws Cited/relied upon by the parties Bridge and Roof Co. (India) Ltd. vs. Union of India, (1963) 3 SCR 978,Kichha …
Challenge to the vires of PMLA Act 2002 on being passed as Money Bill dismissed as Petitioner had no locus, being not aggrieved and on account of delay ABCAUS Case Law Citation: ABCAUS 2806 (2019) (02) HC Important Case Laws Cited/relied upon by the parties Justice K.S. Puttaswamy …
Rule 12B of Excise Rules 2002–Aggregate of all clearances exceeding the limit prescribed in the exemption notification was liable to duty – Supreme Court ABCAUS Case Law Citation: ABCAUS 2805 (2019) (02) SC Important Case Laws Cited/relied upon by the parties Gurupad Khandappa Magdum v. Hirabai Khandappa Magdum …
Income tax law on substantial question of law – Supreme Court explains options available before the High Court when no question of law is urged or framed ABCAUS Case Law Citation:ABCAUS 2803 (2019) (02) SC Important Case Laws Cited/relied upon by the parties State of Maharashtra vs. Vithal Rao Pritirao Chawan, (1981) 4 SCC 129, Jawahar Lal Singh vs. Naresh Singh & Ors., (1987) 2 SCC 222, State of U.P. …
Writ Petition was not maintainable against show cause notice on the issue of service tax classification as cargo handling service instead of goods transport agency–Supreme Court quashes High Court order ABCAUS Case Law Citation:ABCAUS 2802 (2019) (02) SC Important Case Laws Cited/relied upon by the parties Deputy Commissioner, …
Allowability u/s 37(1) of fine /penalty for redemption of goods ordered to be confiscated for breach of import conditions – High Court explains the Law ABCAUS Case Law Citation:ABCAUS 2801 (2019) (02) HC Important Case Laws Cited/relied upon by the parties CIT V/s. Ahmedabad Cotton Mfg. Co Ltd. …
Depreciation on Car registered in the name of Director- Supreme Court dismisses SLP of the Revenue against dismissal of the question of law ABCAUS Case Law Citation: ABCAUS 2800 (2019) (02) SC The Hon’ble Supreme Court has dismissed the SLP of the Revenue against inter alia the issue …