Category: Judgments
When assessee not maintained books of account and filed under presumptive section, cash deposit in bank were correlated to the turnover – ITAT ABCAUS Case Law Citation: ABCAUS 2767 (2019) (02) ITAT The appellant assessee had sought to set aside the impugned order passed by CIT (Appeals) in holding …
When assessment was framed u/s 144 rejection of application by CIT(A) under Rule 46A to lead additional evidence was unjustified – ITAT ABCAUS Case Law Citation: ABCAUS 2766 (2019) (02) ITAT The appellant assessee had sought to set aside the impugned order passed by CIT (Appeals), The Assessing …
High Court erred in holding that one bogus donation would not establish that activities of trust not genuine – Supreme Court ABCAUS Case Law Citation: ABCAUS 2765 (2019) (02) SC The Commissioner of Income tax (Exemptions) was aggrieved by the Order passed by the High Court in quashing …
Harassing assessee in the pretext of verifying documents futile exercise – ITAT deleted additions u/s 68 made for cash deposits in bank ABCAUS Case Law Citation: ABCAUS 2764 (2019) (01) ITAT The appeal of the assessee was directed against the order passed by the learned Commissioner of Income …
No arrest for non payment of service tax without show cause notice – Supreme Court upholds Delhi High Court Judgment ABCAUS Case Law Citation:ABCAUS 2763 (2019) (01) SC The Delhi High Court had quashed the arrest for non payment of service tax without show cause notice. The High …
Members of suspended Board of Directors of corporate debtor entitled to insolvency resolution plans presented at COC meetings under Section 25(2)(i) – SC ABCAUS Case Law Citation: ABCAUS 2762 (2019) (01) SC The Petitioner was aggriebed by the order of the Appellate Tribunal rejecting the prayer for directions …
Not disclosing salary was not concealment when TDS also not claimed by the assessee. ITAT deleted penalty holding that there was a reasonable cause provided in Section 273B ABCAUS Case Law Citation: ABCAUS 2761 (2019) (01) ITAT This assessee had challenged the order of the Commissioner of Income …
Supreme Court new pattern of case listing from 04.02.2019 for quick listing of fresh matters, publication of final cause list The revised norms as per circular issued are as under: (a) fresh matters verified on Friday in the post lunch session, Saturday, Monday and Tuesday in the …
Depreciation to be computed only on sum insured in the absence of fraud, coercion or misrepresentation. Parties in insurance contract bound by sum insured – SC In an important judgment, the Hon’ble Apex Court has held that Depreciation to be computed only on sum insured in the absence of …
Appellate forum for appeals against order u/s 51 of FERA whether filed prior or after 01.06.2000 is Appellate Tribunal under FEMA – SC ABCAUS Case Law Citation:ABCAUS 2759 (2019) (01) SC The Foreign Exchange Regulation Act, 1973 (FERA) was repealed with effect from 01.06.2000 and replaced by Foreign Exchange Management Act, 1999 (FEMA). The issue involved in this case was …