Category: Judgments
Supreme Court bans fire crackers except green crackers or crackers with reduced emission. Joined firecrackers, series crackers or laris also banned. e-commerce websites, including Flipkart, Amazon etc., also banned from online sales ABCAUS Case Law Citation: ABCAUS 2587 (2018) (10) SC The judgment was made in a Writ Petition …
Appellate Authority quashes misconduct order against two chartered accountants who were held guilty on the basis of sting operation by Aaj Tak News Channel as “Jugadu Mechanic Part-3” on black money conversion. Serious concerns was expressed over the casual and careless manner in which these matters were decided by …
Urban Improvement Trust constituted under the Rajasthan Urban Improvement Act, 1959 not a Municipal Committee hence not exempted u/s 10(20) of the Income Tax Act, 1961 – SC ABCAUS Case Law Citation: ABCAUS 2585 (2018) (10) SC Important Case Laws Cited/relied upon by the parties: New Okhla Industrial …
Closing debit balance of directors current account not deemed dividend u/s 2(22)(e) if no fresh loan/advance was given during the year – ITAT ABCAUS Case Law Citation: ABCAUS 2584 (2018) (10) ITAT Important Case Laws Cited/relied upon by the parties: CIT v. K. Srinivasan 59 ITR 788 (Mad.) …
CIT-Appeals is not Assessing Officer hence can not initiate or levy penalty. The enhancement of penalty u/s 271AAA by CIT-A held not sustainable ABCAUS Case Law Citation: ABCAUS 2583 (2018) (10) ITAT Important Case Laws Cited/relied upon by the parties: CIT versus Mrs. Ritu Singhal 403 ITR 97 …
Assessment order u/s 153C will supersede an earlier order passed u/s 143(3). ITAT allowed the additional ground raised and restored the issue to the file of Assessing Officer ABCAUS Case Law Citation: ABCAUS 2582 (2018) (10) ITAT Important Case Laws Cited/relied upon by the parties: CIT vs. Anil …
Non service of notice-affidavit of director cannot be brushed aside lightly. ITAT remands the issue to Assessing Officer to decide afresh ABCAUS Case Law Citation: ABCAUS 2581 (2018) (10) ITAT The assessee had filed an appeal against the order of CIT(A) in confirming the disallowance made by the …
Disallowance For prepaid insurance expenses set aside on the principle of consistency where incurrence of expenditure for the purposes of business was not disputed ABCAUS Case Law Citation: ABCAUS 2580 (2018) (10) ITAT Important Case Laws Cited/relied upon by the parties: ACIT vs. Shri Satish Sehrawa CIT Vs. …
Under GST Regime service tax audit under Rule 5A can not be initiated Gujarat High Court in a judgment with far reaching implications stayed Service Tax Audit by CAG. This would definitely put a break on the harassment of the assessees by authorities who were issuing fresh notice for service tax …
No Penalty u/s 271(1)(b) when as per the assessment order, the assessee appeared time to time and explained return, furnished documents as requisitioned and case was heard and discussed – ITAT ABCAUS Case Law Citation: ABCAUS 2578 (2018) (10) ITAT Important Case Laws Cited/relied upon by the parties: …
