Category: Judgments
No restriction on Courts to award compensation exceeding claimed amount. The compensation under Motor Vehicles Act, 1988 has to be just – Supreme Court ABCAUS Case Law Citation: ABCAUS 2656 (2018) (11) SC Important Case Laws Cited/relied upon: Nagappa v. Gurudayal Singh (2003) 2 SCC 274 Magma General Insurance v. Nanu Ram (2018) SCC Online SC 1546 Ibrahim v. Raju (2011) 10 SCC 634 The claimants in the instant appeal had sought further …
Capital gain addition u/s 50C for unauthenticated cuttings in sale deed for amount of sale consideration remanded back for obtaining copy from the Registering authority ABCAUS Case Law Citation: ABCAUS 2655 (2018) (11) ITAT The instant appeal was filed by the assessee against the order of the Commissioner …
Disallowance of 80IB deduction by passing rectification order u/s 154 quashed as AO took a conscious and considered view to allow deduction which was not mistake apparent – ITAT ABCAUS Case Law Citation: ABCAUS 2654 (2018) (11) ITAT Important Case Laws Cited/relied upon: CIT vs. Krishak Bharti Co-operative …
Disallowance u/s 40A(2)(b) merely for common Directors not sustainable. Invoking the section necessarily implies that such expenses are otherwise allowable – ITAT ABCAUS Case Law Citation: ABCAUS 2653 (2018) (11) ITAT Important Case Laws Cited/relied upon: CIT vs. Enviro Control Associate Pvt. Ltd. 43 taxman.com 291 The appellant …
Income Tax Prosecution u/s 276CC discharge of accused denied by Trial Court since plea of accused u/s 251 CrPC had been recorded and recording of evidence already commenced ABCAUS Case Law Citation: ABCAUS 2652 (2018) (11) AC Important Case Laws Cited/relied upon: Subramanium Sethuraman V. State of Maharashtra: …
Peak of both debit and credit entries of seized papers only can be added as undisclosed income, no justification for adding only receipt side of seized papers ABCAUS Case Law Citation: ABCAUS 2651 (2018) (11) ITAT Important Case Laws Cited/relied upon: Tirupati Construction Company 55 taxmann.com 308 (2015 …
Reopening of assessment which is completed u/s 143(1) not sustainable without there being any tangible material coming to the knowledge of AO – ITAT ABCAUS Case Law Citation: ABCAUS 2650 (2018) (11) ITAT Important Case Laws Cited/relied upon: Orient Craft Ltd 354 ITR 536 (Delhi), The assessee’s appeal …
Mentioning “decentralization of cases” not sufficient Reason for transfer of cases u/s 127 –Supreme Court dismissed SLP of Income Tax Department ABCAUS Case Law Citation: ABCAUS 2649 (2018) (11) SC The Hon’ble Supreme Court has dismissed the Special Leave Petition ( SLP ) of the Income Tax Department …
Chartered Accountants shall be guilty of misconduct on bringing disrepute to the profession whether or not related to his professional work – Supreme Court over rules Delhi High Court judgment ABCAUS Case Law Citation: ABCAUS 2648 (2018) (11) SC In 2016, the Hon’ble Delhi High Court had held …
When assessee invested entire capital gain in purchasing land to construct residential house, there cannot be any denial of exemption u/s 54 – ITAT ABCAUS Case Law Citation: ABCAUS 2647 (2018) (11) ITAT Important Case Laws Cited/relied upon: CIT v. Sardarmal Kothari (2008) 302 ITR 286 Mrs. Seetha …
