Category: Judgments
High Court quashed the appointment of Special Auditor u/s 142(2A) when the matter was remanded on a specific issue and no complexity was involved in the adjudication ABCAUS Case Law Citation: ABCAUS 2576 (2018) (10) HC For the relevant assessment year, the petitioner’s return of income was processed …
No concealment penalty based on circumstantial evidence of bogus purchases where the income was estimated on the basis of circumstances brought on record ABCAUS Case Law Citation: ABCAUS 2575 (2018) (10) ITAT Important Case Laws Cited/relied upon by the parties: CIT Vs. Gujarat Ambuja Export Ltd. Sanjay Oilcake …
Release of convicts prosecuted under Income Tax Act on probation- Special Judge dismiss Revenue’s appeal delay condonation application for casual approach ABCAUS Case Law Citation: ABCAUS 2574 (2018) (10) AC Important Case Laws Cited/relied upon by the parties: Mohd. Hasim Vs State of UP State of Nagaland Vs.Lipok …
Allahabad High Court issues notice to CBDT on levy of interest u/s 234A despite due date extension A Division Bench of Hon’ble Allahabad High Court in a PIL filed by Lucknow CA Tax Practitioners Association issued notice to CBDT on the issue of levy of interest u/s 234A …
High Court directs payment to Kerala Chief Minister’s Distress Relief Fund for restoration of the appeals and consideration on merits by Tribunal ABCAUS Case Law Citation: ABCAUS 2573 (2018) (10) HC Many High Courts have issued directions to Petitioners to deposit sums to Kerala Chief Minister’s Distress Relief …
Gauhati HC directs CBDT to consider extension to 31.12.2018 and pass an speaking order on or before 25.10.2018. CBDT denies further extension-order passed detailed order as per Gauhati High Court Direction Read More >> 31.10.2018 Gauhati HC in a fresh motion moved by Tax Bar Association asks CBDT …
CA held guilty of misconduct by not obtaining bank confirmation by exercising due diligence when fake statement was only a printed paper with no signatures or seal ABCAUS Case Law Citation: ABCAUS 2572 (2018) (10) AA Important Case Laws Cited/relied upon by the Appellant: Council of Institute of …
Encashment of bank guarantee as performance security in BoT Project was revenue expenditure. If property constructed not owned by the assessee, expenditure incurred would not be capital – ITAT ABCAUS Case Law Citation: ABCAUS 2571 (2018) (10) HC Important Case Laws Cited/relied upon by the parties: CIT versus …
Alleged gift from foreign citizen on his death held colouring device as it was based upon undated nomination paper not supported with any evidence ABCAUS Case Law Citation: ABCAUS 2570 (2018) (10) ITAT Important Case Laws Cited/relied upon by the parties: The Assessing Officer (AO) noticed that the …
Limitation Act applicable to IBC 2016 from its inception for CRIP applications filed under Sections 7 and 9 – Supreme Court ABCAUS Case Law Citation: ABCAUS 2569 (2018) (10) SC The present case laws deals with Section 238A of the Insolvency and Bankruptcy Code, 2016 (Code), which was inserted …