Category: Judgments
13 tests to determine if land is agricultural or not. High Court declares ITAT order as perverse in allowing capital gain exemption u/s 2(14)(iii) ABCAUS Case Law Citation:ABCAUS 2896 (2019) (04) HC Important Case Laws Cited/relied upon by the partiesSarifabibi Mohmed Ibrahim & Others Vs. Commissioner of Income …
Registration u/s 12AA can not be denied for claiming exemption u/s 10(23C) earlier. Trust running hospital/school can apply under either for Sections. ABCAUS Case Law Citation: ABCAUS 2895 (2019) (04) HC Important Case Laws Cited/relied upon by the parties CIT vs. Bosotto Brothers Limited CIT Vs. M/s A.R. …
ICSI can not charge fee higher than prescribed under RTI Rules to supply certified copy of answer sheet where application made under RTI Act – Supreme Court ABCAUS Case Law Citation: ABCAUS 2894 (2019) (04) SC The instant appeal was filed by the Institute of Companies Secretaries of …
Disallowance for commission paid on sale of stamp papers partly deleted. It was impractical to maintain record or take receipt many times in a day from each and every person. ABCAUS Case Law Citation: ABCAUS 2893 (2019) (04) ITAT In the instant case, the appeal was filed …
Order passed by the Tribunal in remand proceedings during pendency of SLP-Remedy available was filing ITA before High Court ABCAUS Case Law Citation: ABCAUS 2892 (2019) (04) SC In the instant case, the Hon’ble High Court had remanded the case to the Tribunal on the issue of deduction …
Central Government entitled to retain excess auction sale proceeds of confiscated goods u/s 125 of the Customs Act, 1962 and is under no obligation to refund the excess amount to the importer. ABCAUS Case Law Citation: ABCAUS 2891 (2019) (04) HC Important Case Laws Cited/relied upon by …
Loan pre-payment premium/charges paid for reducing interest liability not result in acquisition of any asset and not a capital but Revenue expenditure ABCAUS Case Law Citation: ABCAUS 2890 (2019) (04) HC The instant appeal was filed by the Revenue against the impugned order of the Income Tax Appellate …
Front end fees paid to bank for obtaining new loan is revenue expenditure by nature and the assessee is entitled to amortize it – High Court ABCAUS Case Law Citation: ABCAUS 2889 (2019) (04) HC Important Case Laws Cited/relied upon by the parties Madras Industrial Investment Corporation Ltd. …
Custom valuation rules for imported goods operate sequentially-Supreme Court. Once statutory Rules exist and provide for sequential implementation, the assessing authority has no option but to proceed accordingly. ABCAUS Case Law Citation: ABCAUS 2888 (2019) (04) SC Important Case Laws Cited/relied upon by the parties Collector of Customs, …
In the absence of finding as to the year of purchase, jewellery found in locker would not represent the undisclosed income as defined in the explanation to section 271AAB of the Act ABCAUS Case Law Citation: ABCAUS 2887 (2019) (04) ITAT Important Case Laws Cited/relied upon by …
