Category: Judgments
Presiding Officers of DRT entitled to benefit of increased age under section 6 of the Recovery of Debts and Bankruptcy Act, 1993 – Supreme Court ABCAUS Case Law Citation: ABCAUS 2507 (2018) 09 SC Petitioners in the instant petitions were appointed as Presiding Officers of Debt Recovery Tribunal …
CA made a big mistake by withdrawing appeal against the penalty order on winning quantum appeal. CIT(A) was not justified to dismiss appeal as withdrawn and not deciding it on merits – ITAT ABCAUS Case Law Citation:ABCAUS 2506 (2018) 09 ITAT Important Case Laws Cited/relied upon by the …
Interest u/s 201(1A) chargeable up to date of payment and not upto the date of filing of return of income by the deductees – ITAT ABCAUS Case Law Citation: ABCAUS 2505 (2018) 09 ITAT The instant appeal was filed by the appellant assessee against the Order of the …
Forming Opinion on assumption of incorrect facts that income has escaped assessment. Reopening quashed as AO did not verify AIR information before taking any action against the assessee ABCAUS Case Law Citation: ABCAUS 2505 (2018) 09 ITAT The instant appeal was filed by the appellant assessee against the …
Ignoring new reporting requirements of Form 3CD was misconduct by the CA being grossly negligence in the conduct of his professional duties – Appellate Authority ABCAUS Case Law Citation: ABCAUS 2504A (2018) 09 AA In the instant case, the Disciplinary Committee of the Institute of Chartered Accountants of …
Non furnishing information on apprehension of political misuse. ITAT upheld penalty u/s 272A(1)(c) for non compliance to summons 131(1A) which assessee claimed as purely witch-hunting ABCAUS Case Law Citation: ABCAUS 2503 (2018) 09 ITAT Important Case Laws Cited/relied upon by the parties: Jamnadas Madhavji & Co. vs. J.B. …
No change of opinion when there was no earlier scrutiny assessment, therefore, the reopening of assessment was not bad in law-High Court ABCAUS Case Law Citation: ABCAUS 2502 (2018) 09 HC Important Case Laws Cited/relied upon by the parties: GKN Driveshafts India Ltd., vs. ITO, 203-259-ITR-19 The present …
Special audit 142(2A) period is excluded from limitation period in terms of clause (iv) to Explanation 1 of section 153(1). High Court Reverses ITAT Order ABCAUS Case Law Citation: ABCAUS 2501 (2018) 09 HC Important Case Laws Cited/relied upon by the parties: Commissioner of Income Tax vs. Ulike …
DRI orders freezing bank account was without authority of law – High Court quashed order as no allegation was that amount was liable to be confiscated ABCAUS Case Law Citation: ABCAUS 2500 (2018) 08 HC Important Case Laws Cited/relied upon by the parties: Commissioner of Customs v. Euroasia …
Payment for delayed allotment of plot by Housing Board not interest liable to TDS u/s 194A. Expression ‘interest’ was used merely for quantification of the liability – High Court ABCAUS Case Law Citation: ABCAUS 2499 (2018) 08 HC Important Case Laws Cited/relied upon by the parties: Viswapriya Financial …