Category: Judgments
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 …
JDA taxation-no capital gain when possession not handed over to builder and only right to enter the property given to demolish and re-construction ABCAUS Case Law Citation: ABCAUS 2498 (2018) 08 ITAT The aforesaid appeal was filed by the assessee against impugned order passed by CIT (Appeals) in …
Concealment penalty for change in method of stock valuation deleted by ITAT. Lower of Cost or market price method was as per ICAI guidelines and was consistently followed thereafter ABCAUS Case Law Citation: ABCAUS 2497 (2018) 08 ITAT The aforesaid appeal was filed by the assessee against impugned …
Constitutional validity of provisions related to SIFO investigation under section 212 of Companies Act 2013 to be examined by High Court who found prima facie merit in the allegations. It is virtually impossible for an accused to contest the averments made in the remand application before the Special …
Shocked Supreme Court fines Commissioner Income Tax with fine of Rs 10 lakhs for misleading statement about pendency of a civil appeal ABCAUS Case Law Citation: ABCAUS 2495 (2018) 08 SC The instant Special Leave Petition (SLP) was filed by the Commissioner of Income Tax, Ghaziabad after a …
Grossing up for TDS was applicable on payment to foreign University for technical services as DTAA did not define the term gross amount-High Court ABCAUS Case Law Citation: ABCAUS 2494 (2018) 08 HC The instant appeal was filed by the appellant assessee against the order of the Income …