Category: Judgments
Penalty u/s 271B for sales disclosed during survey can not be levied for failure to get accounts audited u/s 44AB when such sales not entered in the regular books of accounts-ITAT ABCAUS Case Law Citation: ABCAUS 2273 (2018) (04) ITAT The appellant assessee had challenged the order of …
Expenses claimed in profit and loss account not amount to concealment. ITAT deletes penalty u/s 271(1)(c) following Supreme Court judgment ABCAUS Case Law Citation: ABCAUS 2272 (2018) (04) ITAT The appellant assessee had challenged the action of CIT(A) on confirming the penalty imposed by the Assessing Officer u/s 271(1)(c) …
Rectification of wrong penalty section not required notice to assesseee u/s 154(3) as assessee could not controvert the findings recorded ABCAUS Case Law Citation: ABCAUS 2271 (2018) (04) HC The instant petition was filed under Article 226 of the Constitution of India challenging the order of rectification passed …
ICSI should keep uniformity in awarding the punishment for professional misconduct in the interest of justice-Appellate Authority reduces punishment ABCAUS Case Law Citation: ABCAUS 2270 (2018) (04) AA The appellant in the instant case was a practicing company secretary who was aggrieved of the order passed by the …
Payments by Prasar Bharati to advertising agency liable to TDS as commission u/s 194H. Section 201 rightly invoked for failure to deduct Tax-Supreme Court ABCAUS Case Law Citation: ABCAUS 2269 (2018) (04) SC Important Case Laws Cited/relied upon by the parties Jagran Prakashan Ltd vs. Deputy Commissioner of …
PrCIT directed to resolve deposit of TDS into wrong TAN along with Principal Secretary. Income Tax Department directed to release the attached bank account ABCAUS Case Law Citation: ABCAUS 2268 (2018) (04) HC A Government Department (The Petitioner) had filed the instant writ petition against the action of …
Tests must be applied to determine if an institution exists solely for educational purposes and not for profit. High Court remands the approval u/s 10(23C) for application of tests as laid down by the Supreme Court ABCAUS Case Law Citation:ABCAUS 2267 (2018) (03) HC Important Case Laws Cited/relied …
Payment by IOCL to transporters was liable to TDS u/s 194C as works contract and not u/s 194I as hiring as per explanation to section 194I-High Court ABCAUS Case Law Citation: ABCAUS 2266 (2018) (03) HC The Substantial questions of law involved was with respect to the provision, …
Conflict of interest is sufficient cause for share transfer refusal u/s 58(4) of Companies Act, 2013 –Supreme Court. CLB obliged consider contention of transfer being deceptive and mala fide. ABCAUS Case Law Citation: ABCAUS 2265 (2018) (03) SC The appellant was a public company whose majority of shares …
High Court declines to direct refund pending scrutiny. Since matter is pending scrutiny before AO exercising the discretion u/s 143(1d) no mandamus can be issued. ABCAUS Case Law Citation: ABCAUS 2264 (2018) (03) HC The assessee had filed the instant writ invoking the extra-ordinary jurisdiction of the Hon’ble …