Category: Supreme Court
Bitumen not valuable article u/s 69A as it requires ownership in large quantity to treat it valuable – Supreme Court ABCAUS Case Law Citation:ABCAUS 3742 (2023) (05) SC Important Case Laws relied upon:Dhirajlal Haridas v. Commissioner of Income TaxCommissioner of Income Tax v. Amrit lal ChunilalKotak Mahindra Bank …
Mere affidavits of typographical error by typist & CA in Audit Report not enough when assessee was found to maintain duplicate accounts – Supreme Court ABCAUS Case Law Citation:ABCAUS 3735 (2023) (05) SC Important Case Laws relied upon:CST vs. Esufali (HM) Abdulali (HM) (1973) 90 ITR 271 (SC)Nalinakshi …
Section 327(7) of the Companies Act, 2013 not arbitrary / violative of Article 21 of the Constitution of India – Supreme Court ABCAUS Case Law Citation:ABCAUS 3731 (2023) (05) SC Important Case Laws relied upon:Manish Kumar Vs. Union of India and Anr. (2021) 5 SCC 1Swiss Ribbons Private …
Supreme Court publishes list of proposed neutral citation numbers from 01.01.2014 to 31.03.2023 The Supreme Court of India has published a list of proposed neutral citation numbers for the period i.e., 01.01.2014 to 31.03.2023 The announcement for the neutral citation was made last month by the Hon’ble Chief Justice. …
Loss incurred for any purpose which is an offence or which is prohibited by law is not deductible irrespective of legality or illegality of the business – Supreme Court ABCAUS Case Law Citation:ABCAUS 3717 (2023) (04) SC Important Case Laws relied upon:CIT vs. Piara Singh 124 ITR 41Haji …
No additions can be made u/s 153A for completed/unabated assessments in absence of any incriminating material found during search u/s 132 – Supreme Court settles the controversy by affirming the law laid down by Delhi High Court in Kabul Chawla ABCAUS Case Law Citation:ABCAUS 3716 (2023) (04) SC …
Next Examination for the Supreme Court Advocates-on-Record will be held at New Delhi on 12th, 13th, 14th and 15th June, 2023 Supreme Court has notified the next Examination for the Advocates-on-Record to be held at New Delhi on 12th, 13th, 14th and 15th June, 2023. All the advocates …
There is no absolute proposition of law that arm’s length price determined by ITAT is final and cannot be subjected to judicial scrutiny in an appeal under Section 260A of the Income Tax Act. ABCAUS Case Law Citation:ABCAUS 3710 (2023) (04) SC Important Case Laws relied upon :PCIT …
No Penalty leviable u/s 271C on mere delay in remittance/deposit of the TDS after deduction subject to provisions of Section 201(1A) and Section 276B – Supreme Court ABCAUS Case Law Citation:ABCAUS 3703 (2023) (04) SC Important Case Laws relied upon by parties:Lakshadweep Development Corporation Ltd. Vs. Additional Commissioner …
Sale of Agricultural land converted into commercial land held non taxable as agricultural operations were continued – SC dismisses SLP of Income Tax Department ABCAUS Case Law Citation:ABCAUS 3702 (2023) (04) SC Important Case Laws relied upon by parties:CIT vs Murali Lodge (1992) 194 ITR 125 (Ker)CWT vs. …
