Category: Judgments
Allahabad High Court uphelds the vires of the UP Tax on Entry of Goods into Local Areas Act, 2007- Act do not treat the entire State as one local area. ABCAUS Case Law Citation: ABCAUS 2322 (2018) (05) HC Important Case Laws Cited/relied upon by the parties: Automobile …
When E-way bill was downloaded before detention/seizure of the goods disclosing all the necessary informations, there was no irregularity-High Court ABCAUS Case Law Citation: ABCAUS 2321 (2018) (05) HC The petitioner dealer had filed the instant writ before the Hon’ble High Court challenging the detention of the goods …
Power of UP Govt to required TDF for inter state goods movement-In view of two contrary judgments, matter referred to Chief Justice for constitution of Larger Bench The instant petition(s) was filed under Article 226 of the Constitution of India challenging the authority of the State of U.P. …
Amendment to section 40(a)(ia) by Finance Act, 2010 being curative in nature are retrospective i.e., from the date of insertion of the section itself-Supreme Court The instant appeal(s) were filed by the Income Tax Department (Revenue/appellant) against the judgment passed by the High Court whereby the Division Bench …
Waiver of loan not cessation of trading liability u/s 41(1). Provision of Section 28 (iv) do not apply to benefits received in cash-Supreme Court The instant appeal(s) were filed by the Income Tax Department (Revenue/appellant) against the judgment passed by the High Court whereby the Division Bench of …
Compensation received by builder for default in agreement to sell land by seller held as capital receipt as the land ultimately to be used as stock-in-trade was immobile and sterilised-HC The instant appeal was filed by the Income Tax Department (Revenue) against the order of the ITAT in …
Material found in a Survey made simultaneously at a connected person can be used in Block Assessment of an assessee u/s 158BB read with Section 158 BH of the IT Act-Supreme Court The instant appeal was filed by the Income Tax Department (Revenue) against the judgment passed by …
Cash surrendered during survey and added to WIP can not be disallowed u/s 68 as income was already declared in Trading account and it was a balancing entry-ITAT The appellant assessee had filed the instant appeal against the order of the CIT(A) contending that the Authorities below erred …
Unrealised Interest on NPA Accounts not taxable notionally on accrual basis. AO has to follow the RBI Directions under section 45Q of RBI Act as held by Supreme Court The appellant Revenue had filed the instant appeal against the order of the Income Tax Appellate Tribunal (ITAT) in holding …
Fresh approval u/s 153D not required in remand case u/s 263 where assessment in search case was originally framed u/s 153A after approval u/s 153D of the Income Tax Act-HC The appeal was filed by the appellant assessee is against the order of Income Tax Appellate Tribunal (Tribunal/ITAT) …