Category: Judgments
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 …
Pre-dating demand notice even before the assessment order was passed showed the assessee was denied any opportunity of hearing in violation of natural justice – ITAT ABCAUS Case Law Citation: ABCAUS 2799 (2019) (02) ITAT In the instant case, the assessee had filed the appeal against the order …
Addition for unexplained cash credit u/s 68 deleted when assessee’s accountant wrongly passed such entries in the books of accounts ABCAUS Case Law Citation: ABCAUS 2798 (2019) (02) ITAT In the instant case, the assessee had filed the appeal against the order passed by the Commissioner of Income …
IBBI debars Insolvency Professional for ten years as her husband assigned CIRPs of 15 CD and wife consented to act as IRP for exorbitant fees ABCAUS Case Law Citation: ABCAUS 2797 (2019) (02) IBBI In the instant case, both husband and wife were insolvency professionals registered with the …
Penalty u/s 271(1)(c) deleted for claiming depreciation on assets for which invoices were raised by the vendor in the name of the other firm – ITAT ABCAUS Case Law Citation: ABCAUS 2796 (2019) (02) ITAT The appeal in the instant case was filed by assessee against the appellate …
Vacancy allowance u/s 23(1)(c) allowable for property not let out due to reasonable cause or despite effort. Municipal rate substituted for comparable market rent ABCAUS Case Law Citation: ABCAUS 2795 (2019) (02) ITAT Important Case Laws Cited/relied upon by the parties CIT vs. Tip Top Typography 368 ITR …
When AO not submitted remand report, no adverse inference can be taken against assessee. The order of CIT-A was bizarre and beyond comprehension – ITAT ABCAUS Case Law Citation: ABCAUS 2794 (2019) (02) ITAT The assessee had filed the appeal against the order of the Commissioner of Income …
Purchaser of goods not entitled to claim refund of duty paid under protest by manufacturer after limitation period u/s 11B of the Central Excise Act ABCAUS Case Law Citation: ABCAUS 2793 (2019) (02) SC Important Case Laws Cited/relied upon by the parties M/s. Fenner (India) Ltd. Vs. Collector of Central Excise, Madurai 1995 …
Computation of turnover for share/derivatives trading and applicability of Section 44AD. AO to either follow ICAI guidance note on tax audit or compute turnover based upon evidence on record – ITAT ABCAUS Case Law Citation: ABCAUS 2791 (2019) (02) ITAT According to the Guidance Note of ICAI on …
Partners remuneration as allowable u/s 40(b)(v) in profit-sharing ratio. ITAT upheld the remuneration clause in the partnership deed ABCAUS Case Law Citation: ABCAUS 2790 (2019) (02) ITAT Important Case Laws Cited/relied upon by the parties Sood Brij & Associate Vs. CIT (2010)15 taxmnn.com 76 (Delhi) CIT vs. Vaish …