Category: Judgments
Deceased homemaker can not be considered as dependant for award of compensation under MV Act. Courts to award a composite sum of Rs. 30,000/- towards loss of domestic care. In a recent judgment, Hon’ble Supreme Court has held that a homemaker (housewife) can not be considered as dependant …
CIT Revision notice u/s 263 quashed as the Assessing Officer rightly taken DVO value of property sold as actual sale price instead of price mentioned in MoU found during search. In a recent judgment, Hon’ble Gujarat High Court quashed notice u/s 263 holding that in case it is …
No protective addition required in the hand of a third party when additions have been confirmed in the hands of the searched person – ITAT In a recent judgment, ITAT Delhi has held that when additions have been confirmed in the hands of the searched person therefore, no …
Limitation for filing application u/s 34 of Arbitration Act commence from date on which application u/s 33 is disposed of by Arbitral Tribunal. In a recent judgment, Hon’ble Supreme Court has held that once jurisdiction under Section 33 of Arbitration Act is formally invoked and such proceedings are …
Case remanded as no finding was given whether cash payments disallowed u/s 40A(3) were covered by Rule 6DD under Income Tax Rules, 1962. In a recent judgment, ITAT Lucknow has remanded the case as there was no finding by the CIT(A) or the Assessing Officer whether the cash …
In case of investment in share capital, the source of investment may remain outside the control of the investee company. In a recent judgment, Allahabad High Court has held in the case of investment in share capital, it is the investor company is to be assessed with respect …
Once Committee of Creditors in its commercial wisdom, decides to reject the Resolution Plan and liquidate the Corporate Debtor on account of the SRA default, there can be no interference. In a recent judgment, Supreme Court has held that once the Committee of Creditors (CoC) in its commercial …
Supreme Court refers the question of applicability of moratorium under IBC on proceedings u/s 138 of the NI Act to Chief Justice for constitution of a larger bench In a recent judgment, Hon’ble Supreme Court has held that moratorium provisions under Part III of the IBC cannot be …
In abated search assessments u/s 153A, AO’s investigative powers are wide and are not restricted to “incriminating material” only – High Court In a recent judgment, Hon’ble High Court has held that in an abated search assessments under Section 153A, the AO’s investigative powers are as wide as …
Supreme Court declines to entertain SLP due to constitution of the GST Appellate Tribunal In a recent judgment, Hon’ble Supreme Court has declined to entertain a SLP against the decision of the Allahabad High Court whereby the High Court dismissed the appeal of the Petitioner against the order …
