Category: Judgments
When assessee filed all details rejectig registration u/s 12AA by the CIT (Exemptions) on the ground that assessee was not interested in prosecuting the application was not consistent with the facts. ABCAUS Case Law Citation: ABCAUS 2086 (2017) (09) ITAT The Challenge/Grievance: The appellant assessee had filed …
No disallowance for overpricing if party assessed at maximum marginal rate and there is no loss of Revenue. ABCAUS Case Law Citation: ABCAUS 2085 (2017) (09) ITAT The Challenge/Grievance: This was an appeal filed by Revenue against the order of CIT(A) whereby he had deleted the additions …
Only earnest money can be forfeited not the advance given especially when no loss is suffered on account of non transaction or non performance. Showing an amount in the balance sheets amounts to admission-Delhi High Court ABCAUS Case Law Citation: ABCAUS 2084 (2017) (09) HC Important Case Laws …
Proceeding u/s 7A of the Employees Provident Funds and Miscellaneous Provisions Act, 1952 are deemed judicial proceeding within the meaning of Sections 193 and 228 IPC -Supreme Court ABCAUS Case Law Citation: ABCAUS 2083 (2017) (09) SC The Substantial Question of Law framed/urged for determination: Whether complaint …
Additions u/s 68 and 69 for transfer entries in capital account on account of rectification can not be sustained treating it alleged unexplained credit and unexplained investments – ITAT ABCAUS Case Law Citation: ABCAUS 2082 (2017) (09) ITAT The Challenge/Grievance: The present appeal was been filed by …
Deferral of depreciation allowance not concealment of income or furnishing of any inaccurate particulars for levy of penalty u/s 271(1)(c). Noted Lawyer Harish Salve gets relief from ITAT ABCAUS Case Law Citation: ABCAUS 2081 (2017) (09) ITAT The Challenge/Grievance: This appeal was filed by assessee against the …
Distinction between setting aside of assessment and assessment order. When assessment on an issue set aside and remanded for decision afresh, time limit u/s 153(2A) applies-HC ABCAUS Case Law Citation: ABCAUS 2080 (2017) (09) HC The Challenge/Grievance: This Petitioner (Nokia India Pvt. Ltd) sought the quashing of …
Front running prohibited practice under SEBI Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market Regulations 2003-Supreme Court ABCAUS Case Law Citation: ABCAUS 2079 (2017) (09) SC The Substantial Question of Law framed/urged for determination: Whether ‘front running by non-intermediary’ is a prohibited practice under regulations …
GSTN system is not working upto the level and required to be corrected & updated to meet requirements – Rajasthan High Court GSTN system is not working upto the level and required to be corrected & updated The Jaipur Bench of Hon’ble Rajasthan high Court has observed that the GSTN system is not …
Live-tweeting of court proceedings is among suggestions invited by Delhi high Court NOTICE TO THE PUBLIC AT LARGE A Committee – “Media Reporting in Courts Balancing Free Press, Fair Trial and Integrity of Judicial Proceedings” was constituted by Hon’ble the Acting Chief Justice of the High Court of …